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Presto Technologies, Inc. - PRST STOCK NEWS

Welcome to our dedicated news page for Presto Technologies (Ticker: PRST), a resource for investors and traders seeking the latest updates and insights on Presto Technologies .

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Presto Technologies 's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Presto Technologies 's position in the market.

Rhea-AI Summary
Presto Automation, Inc. (NASDAQ: PRST) has entered into a securities purchase agreement with institutional investors for the sale of 4,800,000 shares of common stock at $0.25 per share, above the Nasdaq Minimum Price.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
34.06%
Tags
-
Rhea-AI Summary
Presto Automation Inc. (PRST) cancels its earnings call scheduled for today. The Form 10-Q for Q4 2024 was filed on February 21, 2024, with business updates to follow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-28.57%
Tags
-
Rhea-AI Summary
Presto Automation Inc. (Nasdaq:PRST) will release its fiscal second quarter 2024 financial results on March 5, 2024. The company, a key player in drive-thru automation technology for the hospitality industry, will host a conference call to discuss the results and business highlights.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.25%
Tags
conferences earnings
Rhea-AI Summary
Presto Automation, Inc. (NASDAQ: PRST) announces a securities purchase agreement with institutional investors for 8,533,000 shares of common stock in a registered direct offering at $0.25 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-21.18%
Tags
-
Rhea-AI Summary
Presto Automation Inc. secures $6.0 million financing, led by existing investors, and announces significant developments in AI technology for drive-thru restaurants. The company received a favorable verdict in a legal case, and a key executive resigned. Presto also disclosed the need to raise an additional $6.0 million by March 8, 2024, to comply with lender requirements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.06%
Tags
none
-
Rhea-AI Summary
Presto Automation Inc. (Nasdaq: PRST) announces Debarag Banerjee as the new Head of Voice Engineering. With over 25 years of experience in AI platforms and techniques, 15 issued patents, and a PhD from Stanford University, Debarag brings a wealth of expertise to the team. His strategic vision and leadership align with the company's commitment to driving growth and exceeding customer expectations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.5%
Tags
AI
Rhea-AI Summary
Presto Automation Inc. (PRST) is a leading drive-thru automation technology provider in the hospitality industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.81%
Tags
AI
-
Rhea-AI Summary
Presto Automation Inc. (Nasdaq: PRST) is actively pursuing the enforcement of an $11.1 million arbitration ruling against its third-party subcontractor, XAC Taiwan, related to legacy tablets used in its Touch business. The ruling was affirmed by the High Court in Singapore and is now pending a final appeal in January 2024. The company aims to collect the awarded damages to support its non-dilutive cash position for 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.36%
Tags
none
-
Rhea-AI Summary
Presto Automation (PRST) appoints Kat Hoffman-Flynt as Chief Operating Officer, bringing over 20 years of experience in operational strategy and customer relationship building. As COO, she will oversee operations and work towards achieving company goals. CEO Xavier Casanova praises her dedication and leadership. Hoffman-Flynt's previous roles include executive positions at Gordon Biersch Brewery Restaurants and CraftWorks Restaurants & Breweries, Inc. She aims to leverage her customer perspective to help restaurant operators succeed and is excited to lead the team in driving success.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
33.13%
Tags
none
Rhea-AI Summary
Presto Automation (PRST) appoints Steve Herbert, former Chairman and CEO of USA Technologies, as Strategic Advisor for Presto Touch, their at-the-table self-serve payment and ordering technology business line. This move signifies the company's focus on scaling Presto Touch after the COVID-19 pandemic and maximizing value for shareholders. Steve Herbert's track record of 40 consecutive quarters of growth and experience in the retail industry positions him to guide Presto Touch's transition to the next-generation Flex product and define a product strategy to maximize shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-31.03%
Tags
none
Presto Technologies, Inc.

Nasdaq:PRST

PRST Rankings

PRST Stock Data

17.50M
56.91M
25.09%
20.14%
3.2%
Electromedical and Electrotherapeutic Apparatus Manufacturing
Manufacturing
Link
United States of America
GREENWICH