Forward-Looking Statements
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Draganfly Exercises Over-Allotment Option Further
Draganfly Inc. announced the partial exercise of the over-allotment option from its recent US$3.6 million public offering. Maxim Group LLC purchased an additional 100,000 common shares at US$2.09 per share, generating US$209,000. Proceeds will fund operations, growth initiatives, product development, and potential strategic acquisitions. The offering was executed under a prior shelf registration, with securities sold exclusively in the U.S.
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Patriot National Bancorp Completes $10M Registered Direct Offering
Patriot National Bancorp (PNBK) completed a registered direct offering, raising $10.65 million through the issuance of common stock. This follows a previous $50 million private placement, bolstering investor confidence in Patriot Bank’s growth. The offering strengthens the bank’s capital base, enabling it to execute its strategic vision. Performance Trust Capital Partners, LLC, Blank Rome LLP, and Robinson & Cole LLP advised on the offering.
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Helius Medical Technologies Sets Price for $9.1 Million Public Offering
Helius Medical Technologies has priced its public offering, offering 2,768,600 shares of Class A common stock equivalents with warrants for an additional 2,768,600 shares at $3.27 per unit. Warrants have a 2.5-year lifespan and an initial exercise price of $7.35. The offering is expected to close June 6, 2025, with gross proceeds of $9.1 million. Maxim Group LLC is the placement agent.
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Cronos Group Inc. to Present at TD Cowen’s 9th Annual Future of the Consumer Conference
Cronos Group Inc. announced CEO Mike Gorenstein will present at the TD Cowen Future of the Consumer Conference on June 4, 2025. The company, focused on cannabinoid innovation with brands like Spinach and Lord Jones, aims to shape the consumer experience through research and development. The live webcast will be available on Cronos’ investor relations website. This release includes forward-looking statements.
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Super League Enterprise, Inc. Announces Closing of Underwritten Public Offering
Super League Enterprise (SLE) announced the successful closing of an underwritten public offering on May 30, 2025, raising approximately $550,000 in gross proceeds. The offering involved the sale of common stock at $0.12 per share, including the underwriter’s overallotment option. Funds will be used for general corporate purposes, working capital, and debt repayment, supporting Super League’s mission to revolutionize brand engagement through playable media.
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CORRECTION: VivoPower Launches XRP-Focused Digital Asset Treasury Strategy with $121M Private Placement at $6.05, Exceeding Closing Price, Compliant with NASDAQ Regulations
VivoPower International PLC (VVPR) corrected its May 28, 2025 press release regarding its XRP digital asset strategy and a $121 million private placement. The company is shifting towards the XRP space, acquiring and managing XRP as part of a diversified digital treasury to support the XRP Ledger and DeFi infrastructure. This strategic pivot reflects a commitment to digital assets, with forward-looking statements subject to risks and uncertainties.
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Pathfinder Names Rishu Gaind as Chief Financial Officer
Pathfinder Ventures Inc. (TSXV:RV) announced the appointment of Rishu Gaind, CPA CGA, as CFO, signaling a commitment to strengthening its financial infrastructure. Gaind, with over 11 years of finance experience and a history with Pathfinder, will lead this effort, succeeding Mathew Lee. The company aims to excel in the RV resort and manufactured housing sectors, focusing on hospitality, sustainability and innovation. This release also contains forward-looking statements.