It’s Big

December 12, 2024

DENVER, Colo., Dec 12, 2024 (247marketnews.com)- Siyata Mobile (NASDAQ: SYTA), ZenaTech (NASDAQ:ZENA), Trevi Therapeutics (NASDAQ: TRVI), Surf Air Mobility (NYSE: SRFM), SEALSQ Corp (NASDAQ: LAES), and Tesla (NASDAQ: TSLA)

Siyata Mobile (NASDAQ: SYTA) published a Media Advisory for a Press Conference that’s going to cover the “Important Corporate Development in STYA”.

Some of Siyata’s recent accomplishments include more than tripling third quarter revenue to its new quarterly record, achieving stocked status at top carriers, including AT&T (NYSE: T) and T-Mobile (NASDAQ: TMUS), and rolling out a new cutting-edge technology, so if the Company feels like it needs to hold a Press Conference, it’s, obviously, a massive development.

With its reported outstanding share count being approximately 4.1 million, this morning’s volume indicates that the average share has already passed hands 5 times, or that there is a massive short that could pop.

“Siyata is in the best position it’s been in since our company’s inception, as our capital expenditures have directly improved all performance metrics, and we look forward to delivering continued successful results. Please tune into our upcoming press conference, which will highlight a next level shareholder value creation event that you surely won’t want to miss,” said Marc Seelenfreund, Siyata’s CEO.

ZenaTech (NASDAQ:ZENA) launched a Quantum Computing project that will provide real-time traffic data to the government agency and to drivers, with a goal of improving the precision, accuracy and speed of information to optimize functions such as traffic flows and routing, traffic signal management, public safety, and deployment of government services.

The project is named Sky Traffic and uses the Company’s drones, was developed following interest received from a government client to use the company’s ZenaDrone 1000 drones to monitor vehicle traffic.

Shaun Passley, Ph.D., ZenaTech’s CEO, stated, “The Sky Traffic project is an important and exciting application of our product capabilities and team knowledge into the Quantum Computing area. Integrating quantum computing with AI-driven drones will revolutionize how we analyze and respond to complex data, enabling faster, more accurate decision-making and unlocking new possibilities in automation, efficiency, and real-time problem-solving.”

Trevi Therapeutics (NASDAQ: TRVI) reported a positive outcome from the planned sample size re-estimation (SSRE) for the ongoing Phase 2b CORAL trial in IPF patients with chronic cough, which requires no change to the current sample size for the trial, which reached 75% of the targeted enrollment, with topline results from the full trial continue to be expected in the first half of 2025.

Jennifer Good, President and CEO of Trevi Therapeutics, stated, “We are pleased that the SSRE outcome supports the continued execution of the CORAL trial with the total number of patients as originally planned. This positive SSRE outcome is reassuring and confirms the key powering assumptions of the trial design. We believe this is additional confirmation of the strong efficacy observed in the Phase 2a CANAL trial in IPF cough and is an important milestone reaffirming our belief in Haduvio’s best-in-class and first-in-class potential for patients with IPF chronic cough where there are no approved therapies.”

Surf Air Mobility (NYSE: SRFM) anticipates that it will reduce potential future equity dilution by approximately 90%, as a result of its new financing strategy that focuses on debt over equity financing. The Company plans to amend the registration statement associated with its share subscription facility with GEM Global Yield LLC, which will require Securities Exchange Commission review and reduce the registered share count by approximately 35.6 million shares, which was made possible by Surf Air’s recently announced $50M term loan.

Deanna White, Surf Air’s CEO, commented, “This enhanced financing strategy, coupled with continued progress against our Transformation Plan, further positions the Company to achieve profitability in our airline operations in 2025 and to unlock shareholder value over time. Our recent $50 million financing enabled us to recalibrate and streamline our business plan so that it will require less capital to achieve profitability in the short- to medium term. We are excited to deliver a far less dilutive outcome to our shareholders than was previously contemplated.”

SEALSQ Corp (NASDAQ: LAES) stated that it is solidifying its Application Specific Integrated Circuit (ASIC) developments in partnership with IC’ALPS to address growing demand in the segment.

Lucille Engels, COO of IC’ALPS, commented, “This collaboration was a true partnership, with each team bringing its own expertise and approach. Drawing on our experience, we adapted our methods to meet SEALSQ’s rigorous security standards. This partnership underlines our commitment to supporting our customers in the development of their products.”

Jean Pierre Enguent, SEALSQ’s CTO, added, “The collaboration between IC’ALPS and SEALSQ exemplifies the dynamic and innovative spirit of the French semiconductor ecosystem. This partnership showcases how mid-sized high-tech companies can unite their expertise to fast-track the development of cutting-edge products that not only meet market demands, but rival the capabilities of larger corporations. By combining agility with innovation, we are setting a benchmark for excellence in the competitive global semiconductor industry.”

Forbes reported that Tesla’s (NASDAQ: TSLA) Elon Musk is worth over $400 billion.

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