Zulu Energy Corp. (OTCPINK: ZLUE) had really strong share volume on May 29th with 16,296,299 shares exchanging hands.
Zulu Energy announced today it has completed the acquisition of Vortex Brands Co. As part of the acquisition, Zulu Energy Corp. issued Preferred Stock to the shareholders of Vortex Brands Co. No common stock will be issued in exchange for the acquisition of Vortex Brands. The transaction was overseen by WB Partners who recently assisted in the transaction with Nate's Foods Co.
As part of the reverse merger, the Company will be changing its name to Vortex Brands and requesting a symbol change with FINRA.
Vortex Brands recently executed a licensing agreement to market and sell products manufactured by Vortex in the United States. Under the license agreement, the Company may sell tennis racquets and other tennis related products under the trademarked name of Vortex Tennis. Under this exclusive license, the Company shall purchase from Vortex Tennis the licensed products and resell the products to consumers within the United States.
ZLUE closed the day at $.0185, 12.74% lower than its previous close of $.0212.
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LabStyle Innovations Dr. David Weintraub To Retire From Board
LabStyle Innovations Corp. (OTCQB: DRIO) saw its share volume skyrocket on May 29th with 185,478 shares exchanging hands, three times higher than its three month daily average volume of 57,955 shares.
LabStyle Innovations, developer of the Dario(tm) Diabetes Management Solution, announced today that Dr. David Weintraub, a co-founder of LabStyle and co-inventor of the company's core technology, is retiring from LabStyle's board to focus his attention on newer medical start-up companies.
Dr. Weintraub stated, "It has been one of my greatest professional honors to be associated with LabStyle. We have faced and overcome many challenges, and as the company now moves forward with its initial commercial launch of Dario, I am retiring from the board to help other companies who are in their start up stages. I look forward to being in touch with my board colleagues and management as LabStyle continues its progress."
DRIO closed the day at $1.75.
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MannKind Corp. Announces It Will Be Presenting In Three Upcoming Conferences
MannKind Corp. (OTCQB: MNKDW) saw its share volume soar on May 29th with 359,700 shares exchanging hands, four times higher than its three month daily average volume of 82,026 shares.
MannKind recently announced that it will be presenting at these upcoming conferences:
- Jefferies 2014 Global Healthcare Conference on Monday, June 2, 2014 at 2:30 pm (ET) in New York, New York
- Goldman Sachs 35 Annual Global Healthcare Conference on Thursday, June 12, 2014 at 11:20 am (PT) at the Terranea Resortin Rancho Palos Verdes, California.
- Wells Fargo 2014 Healthcare Conference on Tuesday, June 17, 2014 at 10:00 am (ET) at the InterContinental in Boston, Massachusetts.
MannKind focuses on the discovery, development and commercialization of therapeutic products for patients with diseases such as diabetes. Its lead product candidate, AFREZZA, is under review by the FDA.
MNKDW closed the day at $3.74, 6.55% higher than its previous close of $3.51.
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