RedChip Companies
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Weekly Newsletter
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Rail Vision Ltd. Announces Closing of Initial Public Offering
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Rail Vision Ltd. (Nasdaq: RVSN), a development stage technology company that is seeking to revolutionize railway safety and the data-related market, announced the closing of its initial public offering of 3,787,241 ordinary shares and accompanying warrants to purchase 3,787,241 ordinary shares. Each ordinary share was sold together with one warrant to purchase one ordinary share with an exercise price of $4.13 at a combined public offering price of $4.13 per share and accompanying warrant. Gross proceeds for the offering were approximately $15.6 million, before deducting underwriting discounts and commissions and estimated offering expenses.
The Company granted Aegis Capital Corp, the underwriter, a 45-day over-allotment option to purchase additional ordinary shares and/or warrants to purchase additional ordinary shares up to 15% of the number of ordinary shares and warrants, respectively, sold in the offering solely to cover over-allotments, if any. On April 4, 2022, Aegis partially exercised its over-allotment option with respect to 568,086 warrants to purchase ordinary shares.
For more information, visit www.railvision.io
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SPI Energy Reports Record Revenue of $162 Million for 2021
SPI Energy Co., Ltd., (NASDAQ:SPI), a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions announced its financial results for the fiscal year ended December 31, 2021. Net sales were $162.0 million in 2021, up 16.9% from $138.6 million in 2020, while total assets increased to $228.8 million, up 5.4% from $217.0 million in 2020. Cash and cash equivalents totaled $9.8 million as of December 31, 2021
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DeFi Technologies Announces Fiscal 2021 Financial Results with Total Revenue Up 411% Year-over-Year to $15.1M
DeFi Technologies Inc. (NEO: DEFI) (GR: RMJR) (OTC: DEFTF), a technology company bridging the gap between traditional capital markets and decentralized finance, announced its strong financial performance for the three and twelve-month period ending December 31, 2021. Key highlights included: Achieving US$363 million in assets under management ("AUM") in fully owned subsidiary Valour Inc., which is responsible for the company's portfolio of exchange-traded products ("ETPs"); Valour Inc., listed its Bitcoin Zero and Ethereum Zero ETPs on the Boerse Frankfurt Zertifikate AG ("Frankfurt Exchange"); Launched world's first Uniswap ETP on the Nordic Growth Market ("NGM") and the Frankfurt Exchange; and more.
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1847 Holdings Announces Fiscal Year 2021 Financial Results with Proforma Revenue Up 23.5%
1847 Holdings LLC (OTCQB: EFSH), a publicly traded holding company platform that combines the attractive attributes of private, lower-middle market businesses with the liquidity and transparency of a publicly traded company, announced financial results for its fiscal year ended December 31, 2021, highlighting a proforma revenue of $51.5 million for the year ended December 31, 2021, a 23% improvement from 2020’s proforma revenue of $41.7 million.
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EVmo Reports Record Revenue of $10.2M for 2021, Up 34.3% Over 2020
EVmo, Inc. (OTC: YAYO), a leading provider of vehicles to the rideshare and delivery gig economy industry, announced financial results for its fourth quarter and fiscal year ended December 31, 2021, featuring record revenue of $10.2 million, up 34.3% over 2020 revenue of $7.6M. The company also reported: Entering into a $15 million debt facility in July 2021; securing non-dilutive financing in March 2022 to support addition of 400 vehicles quarterly to Company’s fleet; and the launch of the industry’s first integrated gig delivery technology platform.
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| Upcoming Events |
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| NASDAQ: NTWK - NETSOL Technologies |
| 4:15pm Eastern |
| NETSOL Technologies is a global fintech and IT company with domain expertise in the leasing and financing industries. The Company's suite of applications are backed by 40 years of domain expertise and supported by a committed team of 1,300+ professionals placed in eight strategically located support and delivery centers throughout the world. |
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| NASDAQ: MDGS - Medigus Ltd |
| 11:00am Eastern |
| Medigus Ltd is an Israel-based medical device company. It is engaged in the development, manufacturing, and marketing of surgical endostaplers and direct vision systems for minimally invasive medical procedures. |
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| NASDAQ: SVFD - Save Foods |
| 4:15pm Eastern |
| Save Foods Inc and its Israeli subsidiary Save Foods Ltd are innovative, dynamic companies dedicated to delivering integrated eco-friendly solutions for improved safety, freshness and quality, every step of the way from field to fork. |
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| NASDAQ: LTRN - Lantern Pharma |
| 4:15pm Eastern |
| Lantern Pharma is a clinical stage oncology-focused company who is harnessing the power of Artificial Intelligence and Genomics to develop precision cancer therapies. By leveraging RADR®, Lantern's proprietary big data engine, more effective cancer treatments can be developed and delivered to the right group of patients at a faster rate and for a fraction of the cost. |
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| Archive Events |
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| OTC: DEFTF - DeFi Technologies |
| Meeting Duration 41 minutes |
| DeFi Technologies builds and manages assets in the rapidly emerging decentralized financial market, providing institutional and retail investors easy access to previously unseen returns through innovative projects and groundbreaking protocols that are fundamentally reshaping the global financial system. |
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| NYSE American: DSS - DSS Inc. |
| Meeting Duration 28 minutes |
| DSS Inc. a global multinational company, operates businesses focused on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets |
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| NASDAQ: CDTX - Cidara Therapeutics |
| Meeting Duration 27 minutes |
| Cidara is developing long-acting therapeutics designed to improve the standard of care for patients facing serious diseases. The Company’s portfolio is comprised of drug candidates intended to transform existing treatment and prevention paradigms. |
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Lesson of the Week
Benefit from dollar cost averaging by building positions over time.
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MidSouth Week in Review
The S&P was down 4.9% during the first quarter of the year, its worst decline in two years.
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