noco-noco Inc (NCNC) has released an update.
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Noco-noco Inc. reported a significant net loss increase of 332% to $5 million in the first half of 2024 following a major Business Combination, which also initiated the trading of its shares and warrants on Nasdaq. Despite these losses, primarily from merger-related expenses, the company has seen a rise in cash reserves to over $25,000. The company is currently in the pre-commercialization stage, focusing on developing battery products and a carbon abatement solution, with its future profitability hinging on these endeavors.
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