| Friday | ||||
Remark Holdings announced… Remark Holdings announced its latest partnership with AAEON, a leader in AI-Edge computing. This partnership signifies the importance of providing market-ready solutions for creating smart cities requiring vision solutions for increased public safety, situational awareness, and behavior analysis. "We are extremely excited about this partnership. Combining our AI-driven video analytics with AAEON's computing platforms creates a simplified solution for system integrators and end users. Together, we can easily create and deploy a complete vision system that detects, identifies, tracks, and characterizes objects, people, vehicles, and behaviors at scale and speed with actionable insights, with minimal false alerts," said Dr. Xiaoyun Yang, Director of R&D at Remark Holdings. | ||||
| Over a week ago | ||||
Remark Holdings announced… Remark Holdings announced that it received a letter from The Nasdaq Stock Market LLC confirming that it has regained compliance with the $1.00 minimum bid price requirement of Nasdaq Listing Rule 5550(a)(2). Accordingly, the Nasdaq Hearings Panel has determined that the company's common stock will continue to be listed on the Nasdaq Stock Market and as a result, considers this matter now closed. | ||||
Remark Holdings on… Remark Holdings on Twitter announced its initial break into soccer with a signed deal with a Premier League team using RemarkAI for both security and retail. The company said: "Owner also owns #NFL team so will be great opportunity for us to cross- sell." Reference Link | ||||
| Over a month ago | ||||
Remark Holdings announced… Remark Holdings announced a reverse stock split of its issued and outstanding shares of common stock at a ratio of 1-for-10 and that it had filed a Certificate of Amendment of its Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to effect the reverse split. The reverse split will be effective after the market closes on December 21, 2022, at 5:00 p.m. Eastern Time. Beginning with the opening of trading on Thursday, December 22, 2022, Remark's common stock will continue to trade on the Nasdaq Capital Market under the symbol "MARK," but will trade on a split-adjusted basis under a new CUSIP number, 75955K300. Remark's stockholders approved the reverse split at a special meeting of stockholders held on December 6, 2022. In connection with approving the reverse split, Remark's stockholders granted authority to the company's Board of Directors to determine, in its sole discretion, the exact ratio of the reverse split within the range of 1-for-10 to 1-for-20. The Board of Directors approved the reverse split on September 15, 2022, and the ratio of 1-for-10 on December 9, 2022. | ||||
Remark Holdings and… Remark Holdings and Mudrick Capital Management, L.P., have announced their shared intention to continue their business relationship by working to reach a mutually-beneficial amendment of their existing loan agreement. The companies are working to reach agreement on all details, with any potential loan modification expected to be communicated to the public after the New Year holiday. | ||||
| Over a quarter ago | ||||
Remark Holdings announced… Remark Holdings announced that DeMeakey Williams, Sr. joins the organization as Chief Revenue Officer, where he will oversee Remark's revenue generation, brand awareness, go-to-market strategies, global communications program, demand creation and customer advocacy. DeMeakey Williams, Sr. brings more than 20 years of marketing, sales and innovation experience from established publicly traded companies and high-growth start-up brands to Remark. Before Remark, DeMeakey held the position of Vice President of America's Sales at Pangiam, a security technology firm, taking responsibility for their corporate sales and business development within the Western Hemisphere. | ||||
Remark Holdings announced… Remark Holdings announced that a Nasdaq Hearings Panel granted the company's request to continue its listing on Nasdaq. During the hearing, CEO Kai Shing Tao presented a comprehensive plan on how the company intends to fulfill Nasdaq's listing requirements based upon its future business and capital prospects. Remark's continued listing is subject to the conditions that, on January 11, 2023, the company must demonstrate compliance with Nasdaq's minimum bid price requirement by evidencing a closing price of $1.00 or more per share for a minimum of 10 consecutive trading sessions, and that the company provides prompt notification of any significant events that occur during the period ending on January 11, 2023, that may affect its compliance with Nasdaq rules. | ||||
AI company Remark… AI company Remark Holdings (MARK) has created a monitor robot about the size of a compact motor vehicle that users computer vision to identify wildfire indicators including high temperature, smoke, or flames, and can rapidly relay that information without anyone having to be at or near the danger zone, Mercury News' Alan Bigelow reports. In addition to Remark, other companies are trying to use the power of artificial intelligence to aid firefighters, with Lockheed Martin (LMT) and Nvidia (NVDA) partnering to create digital simulations based on information such as an area's vegetation, topography, and wind patterns to predict where a fire will spread, the author notes. Reference Link | ||||
