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NEWPORT BEACH, Calif., Nov. 22, 2024 (GLOBE NEWSWIRE) -- Elevai Labs Inc. ELAB (Elevai" or the "Company") announced today it will implement a 1-for-200 reverse stock split ("Reverse Stock Split") of its common stock, which will be effective at midnight on November 27, 2024. This initiative aligns with the Company's efforts to meet Nasdaq's minimum bid price requirement of $1.00 per share under Listing Rule 5550(a)(2). Key Details of the Reverse Stock Split: - Conversion Ratio: Every 200 shares of issued and outstanding common stock will be automatically consolidated into one share, with no action required from shareholders. - Fractional Shares: Shareholders entitled to fractional shares will receive one full share for each fractional portion. - Updated Stock Identifier: While the trading symbol remains "ELAB", the common stock now carries a new CUSIP number (28622K 203). - Equity Adjustments: Outstanding stock awards, options, and the equity incentive plan have been adjusted proportionally to reflect the new share structure. Purpose of the Reverse Stock Split: The Reverse Stock Split is a critical step in ensuring compliance with Nasdaq's listing requirements, allowing Elevai to maintain its presence on the Nasdaq Capital Market. A continued listing enhances the Company's visibility, strengthens investor confidence, and positions Elevai for future growth. Impact on Shareholders: - No Immediate Action Required: Shareholders holding shares through a broker or in "street name" will see their holdings updated automatically. - Certificate Holders: Shareholders with physical certificates can exchange them, if desired, through VStock Transfer, LLC, which will provide detailed instructions. - Share Value: The Reverse Stock Split does not impact the overall value of shareholder equity; it only reduces the number of shares outstanding while proportionally adjusting the share price. Impact on our Common Stock: - Post Reverse Stock Split there will be approximately 3.07 million shares of common stock issued and outstanding Looking Ahead: "The reverse stock split is a required measure to preserve Elevai's Nasdaq listing and set the stage for our continued progress in innovation and shareholder value creation," said Graydon Bensler, Chief Executive Officer of Elevai. "We are optimistic about the future and committed to executing our growth strategy." For additional information, please refer to Elevai's full Form 8-K filing available regarding the Reverse Stock Split, filed on November 22, 2024, on the SEC's website, or contact Elevai directly at IR@elevailabs.com . About Elevai Labs, Inc. Elevai Labs Inc. ELAB specializes in medical aesthetics and biopharmaceutical drug development, focusing on innovations for skin aesthetics and treatments tied to obesity and metabolic health. The Company operates a diverse portfolio of three wholly owned subsidiaries across the medical aesthetics and biopharmaceutical sectors, Elevai Skincare Inc., Elevai Biosciences Inc., and Elevai Research Inc. For more information please visit www.elevailabs.com . Forward-Looking Statements Statements contained in this press release regarding matters that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Words such as "believes," "expects," "plans," "potential," "would" and "future" or similar expressions such as "look forward" are intended to identify forward-looking statements. Forward-looking statements are made as of the date of this press release and are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, activities of regulators and future regulations and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Therefore, you should not rely on any of these forward-looking statements. These and other risks are described more fully in Elevai's filings with the United States Securities and Exchange Commission ("SEC"), including the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on March 29, 2024, and its other documents subsequently filed with or furnished to the SEC. Investors and security holders are urged to read these documents free of charge on the SEC's web site at www.sec.gov . All forward-looking statements contained in this press release speak only as of the date on which they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made. IR Contact: IR@ElevaiLabs.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.NEW YORK , Dec. 10, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The global smart healthcare market size is estimated to grow by USD 125.7 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 9.31% during the forecast period. The report provides a comprehensive forecast of key segments below- Segmentation Overview Get a glance at the market contribution of rest of the segments - Download a FREE Sample Report in minutes! 1.1 Fastest growing segment: The offline segment of the global smart healthcare market refers to the distribution of smart healthcare products and services through physical channels. Retail stores, including specialty stores, healthcare equipment stores, and electronics stores, serve as crucial offline distribution channels. These stores enable customers to personally examine and buy smart healthcare devices such as fitness trackers, smartwatches, blood pressure monitors, and other wearable health technology. Medical equipment suppliers and distributors also contribute significantly to offline distribution. They maintain networks with healthcare providers, hospitals, clinics, and pharmacies, facilitating the distribution of advanced medical devices, telehealth systems, remote patient monitoring equipment, and other smart healthcare solutions. Offline segments offer personalized customer experiences with face-to-face interactions, addressing queries, and building trust. Customers often prefer purchasing smart healthcare products through established offline channels due to reliability, expertise, and after-sales support. This personalized experience and customer confidence are expected to fuel the growth of the offline segment in the smart healthcare market. Analyst Review The Smart Healthcare Market is experiencing rapid growth due to the integration of mHealth and information technologies. Vera Smart Health and Teladoc Health are leading the way in remote monitoring and telemedicine services. NHS U, Apple, and Proxxi are also making significant strides in the industry with their innovative smart healthcare products. These include mHealth apps, smart wearables, and RFID-enabled systems. Real-Time Location Systems are enhancing the efficiency of healthcare facilities, while smart healthcare items such as smart syringes and smart medicines offer improved patient care. Big data and cloud computing are revolutionizing the way healthcare information is managed and analyzed. The integration of RFID technology in smart healthcare products is enabling real-time tracking of vital signs such as blood pressure, heart rate, oxygen level, and temperature, leading to more effective and personalized care. Digital technology is transforming the healthcare sector, making it more accessible, efficient, and patient-centric. Market Overview Smart Healthcare Market: Transforming Healthcare with mHealth and Information Technologies The Smart Healthcare Market is revolutionizing traditional healthcare systems by integrating digital technologies such as RFID, Real-Time Location Systems, and sensor-based IoT technology. This market encompasses various smart healthcare products like wearable devices, blood pressure monitors, heart rate monitors, oxygen level monitors, temperature sensors, and more. These devices enable real-time patient monitoring, allowing caregivers, families, and physicians to keep track of health outcomes and intervene early. Cloud communication and big data analytics facilitate efficient medical record-keeping and device integration, providing valuable insights into illness causes and health trends. Advantages of Smart Healthcare include improved access to healthcare services, reduced hospitalizations, and enhanced patient engagement. However, high costs and digital literacy challenges pose market restraints. Key areas of focus include Oral Biology, Craniofacial Research, and eHealth initiatives. Smart Healthcare also encompasses digital health programs, infrastructure development, and the integration of technologies like artificial intelligence and cognitive impairment solutions. Smart healthcare items include mHealth applications, smart wearable devices, smartwatches, health monitors, pedometers, activity trackers, and smart pills. Market participants include healthcare providers, hospitals, insurance companies, and technology companies. Market growth is driven by the increasing prevalence of chronic diseases, the need for remote monitoring, and the advantages of digital health solutions. The market is expected to continue expanding, with the internet, cell phones, tablets, and health-related apps playing essential roles in its development. To understand more about this market- Download a FREE Sample Report in minutes! Key Topics Covered: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Venodr Landscape 11 Vendor Analysis 11.1 IBM 11.2 Cisco 11.3 GE Healthcare 11.4 Olympus Corporation 11.5 Brooks Automation 11.6 Given Imaging, Inc 11.7 Stanley Innerspace 11.8 Solstice Medical LLC 11.9 Siemens Medical Solutions 11.10 Allscripts Healthcare Solutions 11.11 Samsung Electronics Corporation 11.12 AirStrip Technologies Inc 11.13 Apple Inc 11.14 AT&T Inc 11.15 Logi-Tag; Cerner Corporation 11.16 Pepperl+Fuchs 11.17 Hurst Green Plastics Ltd 11.18 Bollhoff Group 11.19.Wurth Group 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/smart-healthcare-market-to-grow-by-usd-125-7-billion-2023-2028-segmented-by-channel-solution-and-geography-with-ai-impacting-market-trends---technavio-302326632.html SOURCE TechnavioCONX acquires a controlling interest in RED Technologies, a uniquely positioned "enabler" of Shared Spectrum and the nascent Private Network industry CONX appoints Marc Rouanne to the RED Technologies board LITTLETON, Colo. , Dec. 5, 2024 /PRNewswire/ -- CONX CORP. (OTC: CNXX) ("CONX") today announced the acquisition of a controlling interest in Red Technologies SAS ("RED Technologies"), through its wholly-owned subsidiary, RED Tech US, LLC, for a maximum purchase price of approximately EUR 18.6 million in cash, subject to certain adjustments. CONX acquired approximately 68% of RED Technologies' outstanding share capital at closing, with the remainder of the shares to be acquired in future installments based on the achievement of certain milestones. The executive team of RED Technologies, Pierre-Jean Muller (Co-Founder and CEO) and Michael Abitbol (Co-Founder and COO), will continue to manage the operations of RED Technologies, aimed at establishing the company as a viable alternative in the CBRS market. "The acquisition of RED Technologies by CONX is a pivotal milestone on our path to serve as a viable alternative to the current duopoly in the SAS space," said RED Technologies CEO P.J. Muller . "This partnership strengthens our ability to innovate and enhance the CBRS ecosystem for the benefit of all operators and stakeholders. With support and investment from CONX, we are poised to accelerate the development of cutting-edge features, such as GAA coexistence, Network Planner, and AI-based CBRS analytics, that align with our mission to support the FCC's vision and empower rural broadband and the nascent Private Network industry." "CONX was formed to invest in next generation connectivity opportunities and their supporting infrastructure assets," said CONX CEO Jason Kiser . "Through RED's unique opportunity as a technology enabler for spectrum allocation, we have positioned CONX to create long term value across multiple sectors. We look forward to RED becoming a best-in-class Spectrum Access System (SAS) operator with potential to grow throughout the United States and internationally." CONX also announced Marc Rouanne will join the RED Technologies board. Marc is the Co-Founder, Chairman and CTO of Edgescale AI, a SaaS developer focused on connecting cutting-edge AI with data and devices in physical systems. Most recently, he was the Chief Network Officer for DISH Wireless responsible for designing DISH's 5G Network. In addition, Marc has more than 20 years of international management experience in the telecommunications industry, having held executive positions in R&D, customer operations and product management in the U.S., France and Finland , including as President of Mobile Networks at Nokia and Chairman of the Board of Alcatel-Lucent. About CONX Corporation (OTC: CNXX) CONX is a diversified operating entity seeking opportunities to power the next generation of innovators in communications and connectivity. CONX's mission is to partner with emerging companies with quality management and strong and differentiated business models with the ability to scale quickly. About RED Technologies Established in 2012 and headquartered in Paris, France , RED Technologies SAS ("RED Technologies") specializes in spectrum-sharing technologies and services. The company offers scalable, cloud-based solutions for Citizens Broadband Radio Service (CBRS) and Television White Space (TVWS), catering to operators across various sectors, and provides operated 5G connectivity solutions that democratize access to 5G technology for companies aiming to modernize their communications infrastructure in both the U.S. and European markets. RED Technologies has been a pioneer in spectrum sharing technologies and actively contributed to the CBRS regulatory and standard developments. RED Technologies' team is constituted of first-class engineers coming from top tier telecom vendors and operators. Important Notice The description contained herein is neither an offer to purchase nor a solicitation of an offer to sell securities of CONX. Forward-Looking Statements This press release contains certain statements which may constitute "forward-looking statements." Actual results could differ materially from those projected or forecast in the forward-looking statements. The factors that could cause actual results to differ materially include, but are not limited to, the following: the possibility that the parties may be unable to achieve expected synergies and operating efficiencies pursuant to the transaction within the expected timeframes or at all and to successfully integrate Red Technologies' operations into those of CONX ; such integration may be more difficult, time consuming or costly than expected; revenues following the transaction may be lower than expected; operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers, clients or suppliers) may be greater than expected following the transaction; the retention of certain key employees at Red Technologies; the parties' ability to meet expectations regarding the accounting and tax treatments of the transaction; CONX and Red Technologies are subject to intense competition; Red Technologies' products must remain compatible with, and its product development is dependent upon access to, changing operating environments; we may become dependent upon large transactions; customer decisions are influenced by general economic conditions; third parties may claim that RED Technologies' products infringe their intellectual property rights; fluctuations in non-U.S. currencies could result in transaction losses; acts of war and terrorism may adversely affect CONX's and RED Technologies' business; the volatility of the international marketplace; and the other factors discussed in "Risk Factors" in CONX's Registration Statement on Form S-1 filed with the Securities and Exchange Commission (the "SEC") on May 29, 2024 (as amended), and in other reports we file with the SEC, which are available at http://www.sec.gov . CONX expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in CONX's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. SOURCE CONX Corp.
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Dibrugarh: A commercial truck was destroyed in a mysterious fire incident outside the Jorhat Railway Station, raising various suspicions of possible sabotage. The vehicle, parked in its usual spot near the railway station, was engulfed in flames on Wednesday night. The incident came to light when a Railway Protection Force (RPF) constable noticed the blaze and immediately alerted the truck’s owner. “I had parked the truck just 45 minutes before receiving the call from the RPF constable about the fire. By the time I rushed back to the spot, the flames had already spread significantly,” said the owner, who also operates the vehicle. “I’ve been using the same parking spot for several years to facilitate the transportation of goods from incoming trains. I suspect that this might be the work of miscreants who deliberately set my truck on fire,” the owner added. We also published the following articles recently Truck gutted in fire outside Jorhat Railway Station, owner suspects arson A commercial truck parked near Jorhat Railway Station was destroyed by a mysterious fire Wednesday night. The owner, who uses the spot regularly for transporting goods from trains, suspects foul play. Alerted by a Railway Protection Force constable just 45 minutes after parking, the owner found the truck engulfed in flames. Firefighters arrived too late to save the vehicle. Watch: Over 150 two-wheelers gutted in massive fire at Varanasi Cantt railway station parking lot A devastating fire engulfed the Varanasi Cantt railway station parking area Friday night, destroying over 150 two-wheelers, mostly belonging to railway employees. Swift action by fire and railway authorities brought the blaze under control, thankfully preventing any casualties. An official investigation is underway to determine the cause of the inferno and assess the extensive damage. Massive fire breaks out near railway station in Kochi A major fire erupted at a scrap godown near Ernakulam Junction Railway Station early Sunday, causing temporary train disruptions. Nine migrant workers were rescued from the blaze, fueled by exploding LPG cylinders. Firefighters battled the inferno for five hours before bringing it under control. No casualties were reported. Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , and Mini Crossword .
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SHOPPERS could see an unexpected item in supermarkets this Christmas for the first time ever - and we've got the perfect festive recipe to celebrate it. Tesco , Sainsbury's and Marks & Spencers earlier confirmed they will stock home-grown strawberries on their shelves this winter season. 2 British strawberries will be available in supermarkets over Christmas for the first time Credit: Alamy 2 A strawberry wreath is a yummy festive dessert to celebrate the fruit Strawberries are usually imported over winter due to economic and environmental reasons. But fruit suppliers have innovated new technology which will finally allow strawberries to be grown in the UK all year round. The Summer Berry Company, a supplier in West Sussex, will be growing the fruit 12 months a year and supplying supermarkets. This means that shoppers will be able to get their hands on the British strawberries this Christmas as an exciting new addition to their festive celebrations and desserts. Read more in Fabulous PERFECT PRESENT Best homecooked Christmas gift recipes to help you save money on presents O XMAS FREE Map reveals 27 festive and FREE days out for you & your kids this Christmas Typically the British strawberry season runs from May to October, and are a familiar sight in summer commonly associated with the Wimbledon tennis tournament. And bosses at The Summer Berry Company have come up with a mouth-watering dessert that will be a showstopper for Christmas Dinner. They promise it will be "a beautiful centre piece to a party table and makes a lovely grazing platter". The pretty strawberry wreath takes just 20 minutes to prepare - and even better, there's no cooking involved. Most read in Fabulous FIZZY CLEAN I'm a cleaning expert - 60p drink is a dream for getting rid of mould HAIR THIS I lost 70% of my hair but my three hacks helped it grow back at speed TIME MACHINE I’m a proud catfish and love the Noughties look - trolls say I’m ‘giving chav’ RUDE GIRL Submission, spanking & S&M - Rihanna's sauciest sex confessions revealed All you need is 600g of strawberries and 80g of dark, milk and white chocolate. First up, melt the different chocolates in separate bowls by placing in the microwave for 30 seconds at a time, stirring and returning for repeat 30 seconds slots until smooth and glossy. You have 20-20 vision if you can spot the only strawberry without a stem in tricky brainteaser in under 15 seconds Next, line a baking tray with parchment or a reusable silicon sheet and arrange a selection of decorations - chopped nuts, desiccated coconut and candied orange peel - in separate bowls or plates. Dip whole strawberries into melted chocolate then sprinkle over a decoration and set aside on the baking tray to set. The Summer Berry Company team say: "You can vary your combinations of chocolate and decorations however you fancy." The strawberries usually set at room temperature within 10 minutes but you can also store them in a cool place until ready to serve. Finally, arrange a rough ring of greenery on a large platter or board in a circular shape, pile on the strawberries, adding in extra bits of green herb to decorate. Then simply add a big bow somewhere on the wreath to finish the effect.