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NeuroOne Medical Technologies Corporation Announces Proposed Public Offering of Common Stock

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10 months ago

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EDEN PRAIRIE, Minn., July 24, 2023 (GLOBE NEWSWIRE) — NeuroOne Medical Technologies Corporation (Nasdaq: NMTC) (the “Company”), a medical technology company focused on improving surgical care options and outcomes for patients suffering from neurological disorders, announced today that it has commenced a proposed underwritten registered public offering of shares of its common stock.

All of the shares of common stock to be sold in the proposed offering will be sold by the Company. In addition, the Company intends to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares of its common stock sold in the offering. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

The Company intends to use the proceeds from this proposed offering to: (i) support the commercial launch of the EVO sEEG electrode with Zimmer Biomet, (ii) support the FDA submission for the OneRF ablation system and (iii) complete the design of a novel drug delivery electrode, among other general corporate purposes.  

The Benchmark Company, LLC is acting as sole book-running manager for the proposed offering. Kestrel Merchant Partners group at The Benchmark Company, LLC is responsible for sourcing and executing the offering.

The proposed offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-256830) that was declared effective by the U.S. Securities and Exchange Commission (“SEC”), on June 14, 2021. A preliminary prospectus supplement and accompanying prospectus relating to the proposed offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov or by contacting The Benchmark Company, LLC, 150 East 58th St., 17th Floor, New York, NY 10155, by telephone at 212-312-6700 or by email at [email protected].

This press release does not and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. Any offer, if at all, will be made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement.

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About NeuroOne

NeuroOne Medical Technologies Corporation is a developmental stage company committed to providing minimally invasive and hi-definition solutions for EEG recording, brain stimulation and ablation solutions for patients suffering from epilepsy, Parkinson’s disease, dystonia, essential tremors, chronic pain due to failed back surgeries and other related neurological disorders that may improve patient outcomes and reduce procedural costs. The Company may also pursue applications for other areas such as depression, mood disorders, pain, incontinence, high blood pressure, and artificial intelligence.

Forward Looking Statements

This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Except for statements of historical fact, any information contained in this presentation may be a forward–looking statement that reflects the Company’s current views about future events and are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. In some cases, you can identify forward–looking statements by the words “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “objective,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “target,” “seek,” “contemplate,” “continue” and “ongoing,” or the negative of these terms, or other comparable terminology intended to identify statements about the future. Forward–looking statements include statements related to the proposed offering and expected use of proceeds. Although the Company believes that we have a reasonable basis for each forward-looking statement, we caution you that these statements are based on a combination of facts and factors currently known by us and our expectations of the future, about which we cannot be certain. Our actual future results may be materially different from what we expect due to factors largely outside our control, including risks and uncertainties related to market and other conditions, the satisfaction of customary closing conditions related to the proposed public offering, the impact of general economic, industry or political conditions in the United States or internationally and those described under the heading “Risk Factors” in our filings with the Securities and Exchange Commission. These forward–looking statements speak only as of the date of this press release and the Company undertakes no obligation to revise or update any forward–looking statements for any reason, even if new information becomes available in the future.

Contact Information

800-631-4030
[email protected]

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HTX Ventures Invests in ChainML, Developer of Theoriq AI Agent Protocol, to Support Decentralized AI Agent Protocol Development

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43 mins ago

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May 14, 2024

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SINGAPORE, May 14, 2024 /PRNewswire/ — With a commitment to broadening the reach and usability of blockchain technologies, HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has announced a strategic investment in ChainML, a Silicon Valley-based AI and ML development and research lab that recently unveiled its groundbreaking Agentic Base Layer, Theoriq.

ChainML recently raised $6.2 million during its Super Seed funding round, led by Hack VC. The funding underscores the confidence and excitement surrounding ChainML’s vision to seamlessly integrate AI into the decentralized world of blockchain and revolutionize the AI landscape. By providing a platform like Theoriq for limitless AI innovation, built on the principles of composability, extensibility, and community-driven governance, ChainML promises to offer an unmatched ecosystem for deploying sophisticated AI agents that leverage Web3 technology to ensure transparency, security, and efficiency.
Theoriq’s axioms, based on principles of social evolution and implemented with blockchain, lay the foundation for continuously improving, community-governed AI systems.
Key features include:
Agentic Primities: Fundamental elements in the ecosystem that facilitate autonomous interaction, embodying roles, behaviors, and functions that contribute directly to an agent’s capacity to operate independently within its environment.Modular Composability: Allowing developers to craft tailored AI solutions that can combine and be recombined to create sophisticated systems to evolve and adapt over time.Community Permissioned Governance: Ensuring that decision-making authority is vested in a diverse group of community stakeholders who actively contribute to and provide feedback on the quality of AI agents, ensuring that the technology aligns with collective goals and values.Edward, Managing Partner at HTX Ventures, said “ChainML’s Theoriq is an innovative platform that provides an actionable solution for AI agents to interact interchangeably, packed with more autonomy and capability. The platform paves the way for the future of AI, we are excited to be part of this journey.”
“Today marks a pivotal moment for ChainML and for the broader AI and Web3 communities,” said Ron Bodkin, Co-founder & CEO of ChainML. “With Theoriq, we’re not just launching a product—we’re spearheading a movement towards a transparent, community-governed AI ecosystem. HTX Ventures’ support will be instrumental as we unlock new potentials for AI integration within the decentralized space.”
HTX Ventures is excited to support innovative projects like ChainML, which combine AI development with blockchain to explore new synergies. Users can interact with the Theoriq testnet this summer by joining the waitlist.
Contact DetailsMichael [email protected]
Company Websitehttps://www.htx.com/en-us/ventures
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View original content:https://www.prnewswire.co.uk/news-releases/htx-ventures-invests-in-chainml-developer-of-theoriq-ai-agent-protocol-to-support-decentralized-ai-agent-protocol-development-302144332.html

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Artificial Intelligence

GSMA M360 Eurasia returns to Baku with a focus on AI, next-generation networks and mobile technologies

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43 mins ago

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May 14, 2024

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The GSMA’s Mobile Economy Eurasia 2024 report charts growing 5G activities amid digitalisation ambitions in the region
BAKU, Azerbaijan, May 14, 2024 /PRNewswire/ — 5G will account for over 40% of Eurasia’s mobile connections by 2030, according to the GSMA’s newly published Mobile Economy Eurasia Report, launched ahead of GSMA M360 Eurasia.

The event, supported by host sponsor Azercell, will welcome global connectivity leaders and policymakers tomorrow for two days of discussion, debate and networking. Further, GSMA Foundry will feature a demo pod in collaboration with partners IBM, the European Space Agency and Barcelona Supercomputing Center. Demos will showcase how industry collaboration is unlocking groundbreaking innovations, through initiatives such as the GSMA & IBM AI Challenge, the GSMA Foundry & ESA Mobility Makerspace Challenge, and the Open Gateway Challenge. Click to view the agenda.
The GSMA’s Chief Regulatory Officer, John Giusti, said: “M360 Eurasia provides a welcome forum for business leaders and policymakers to align on the issues that will help countries throughout Eurasia achieve their connectivity goals, whether it’s paving the way for 5G rollouts or exploring opportunities for AI to benefit businesses and societies in the region.” 
5G momentum growing in Eurasia
The Mobile Economy Eurasia 2024 report finds that 5G is pivotal for ongoing transformation efforts in Eurasia. As governments in the region prioritise 5G’s integration into national development plans, operators are investing in 5G to meet the growing demand for enhanced connectivity.
Other findings include:
5G will add almost $23bn to the Eurasian economy by 2030, with 5G adoption rising from less than 1% in 2023 to 41% by 2030.The mobile industry added $200bn of economic value to the Eurasian economy in 2023 – equivalent to 7.9% of GDP – and supported 770,000 jobs, highlighting the importance of mobile to the digital economy.However, there is a significant Usage Gap in Eurasia which is widest in Turkmenistan (51%) and Tajikistan (48%), compared to a global average of 37%.Operators are rallying behind the GSMA Open Gateway initiative and integrating AI to enhance customer services and optimise networks.M360 Eurasia opens the 2024 M360 series. The GSMA M360 events unify the regional mobile ecosystem to discover, deliver and develop innovation that serves as the foundation for positive business environments and societal change.
Click here to learn more.
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View original content:https://www.prnewswire.co.uk/news-releases/gsma-m360-eurasia-returns-to-baku-with-a-focus-on-ai-next-generation-networks-and-mobile-technologies-302143627.html

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NEXCOM Debuts at CommunicAsia 2024

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3 hours ago

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May 14, 2024

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Bringing Its Edge AI, OT Security, and 5G Solutions to the Center Stage
TAIPEI, May 14, 2024 /PRNewswire/ — NEXCOM, a leading supplier of network solutions, is set to participate in CommunicAsia 2024, the premier event for the ICT industry in Asia taking place in Singapore from May 29 to May 31. NEXCOM will showcase its latest Edge AI, OT Security, and 5G solutions at booth 4E3-14, Hall 4.

Discover What NEXCOM Has in Store for CommunicAsia 2024:
Edge AI Leveraging the power of AI at the edge, NEXCOM’s solutions empower organizations to process data closer to its source, reducing latency and enabling real-time insights.
OT Security NEXCOM’s OT Security solutions provide robust protection against cyber threats, ensuring the integrity, availability, and confidentiality of industrial networks and critical assets.
FWA over 5G uCPE From high-speed wireless connectivity to low-latency communication, NEXCOM’s FWA over 5G uCPE solutions offer unprecedented speed, reliability, and capacity.
In today’s interconnected world, the importance of Edge AI, OT Security, and 5G technologies cannot be overstated. Recent advancements in these technologies have compelled industries towards greater efficiency, productivity, and resilience in response to digital challenges, driving innovation and transformative change across various vertical markets.
Throughout the event, NEXCOM’s team of experts will be available to engage and demonstrate the capabilities of its solutions. Don’t miss the opportunity to discover the future of intelligent solutions with NEXCOM at CommunicAsia 2024, Hall 4, booth 4E3-14 from May 29 to May 31.
About NEXCOM
Founded in 1992 and headquartered in Taipei, Taiwan, NEXCOM integrates its diverse capabilities and operates six global businesses, including the Network and Communication Solutions (NCS) unit. NCS focuses on the latest network technology and helps to build reliable network infrastructure, by delivering professional design and manufacturing services for customers all over the world. NCS’s network application platform is widely adopted in Cyber Security, Load Balancing, 5G uCPE, SD-WAN, SASE, Edge Computing, OT Security, Storage, NVR, and other network applications for businesses of all sizes.
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View original content:https://www.prnewswire.co.uk/news-releases/nexcom-debuts-at-communicasia-2024-302143304.html

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