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Bruush Oral Care Inc. - BRSH STOCK NEWS

Welcome to our dedicated page for Bruush Oral Care news (Ticker: BRSH), a resource for investors and traders seeking the latest updates and insights on Bruush Oral Care stock.

Bruush Oral Care Inc. (NASDAQ: BRSH) is a pioneering company in the oral care industry, established in 2018. The firm is dedicated to transforming the way consumers maintain their dental hygiene by providing premium, yet affordable, electric toothbrushes. Their flagship product is a sonic-powered electric toothbrush kit featuring six cleaning modes and ultra-soft bristles, designed for an effective and gentle clean. In addition to their electric toothbrush, Bruush offers a brush head refill subscription service that simplifies the process of replacing brush heads.

Recently, Bruush announced a significant 1-for-25 reverse stock split to meet Nasdaq's minimum bid price requirement, effective from July 31, 2023. This strategic move aims to stabilize the company's stock and fortify its market position. Additionally, on October 2, 2023, the company raised approximately $5.0 million through a private placement, further boosting its financial health and stockholders' equity.

Bruush is not just resting on its laurels. The company is gearing up to launch a series of new subscription-based oral care products, including toothpaste, mouthwash, dental floss, a whitening pen, and an electric toothbrush designed for kids. This expansion is expected to solidify Bruush’s standing as the go-to oral care brand for millennials and Generation Z.

In a significant development, Bruush has entered into an agreement to merge with Arrive Technology Inc., a firm focused on autonomous delivery solutions. This merger, expected to close in the first quarter of 2024, will create a combined entity aimed at revolutionizing the last-mile delivery system using artificial intelligence and smart mailbox technology.

For more information, visit Bruush’s official website, follow them on LinkedIn, or check out their Instagram.

News

Brüush Receives Additional Delisting Notification to Address at Hearing

Rhea-AI Summary
Brüush, a company listed on NASDAQ under the ticker symbol BRSH, received a delisting notification from Nasdaq due to non-compliance with audit committee requirements. The company must address this issue at a hearing scheduled for April 25, 2024. This comes after a board member's resignation caused the company to fall out of compliance last year. Brüush has submitted a plan to regain compliance, but the final decision rests with the Panel.
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Brüush Receives Additional Delisting Notification to Address at Hearing

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Bruush Oral Care Inc. (BRSH) faces potential delisting from Nasdaq due to delinquency in filing its annual report and failure to meet minimum bid price requirements. The company has a hearing scheduled for April 25, 2024, to address these deficiencies.
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Brüush Receives Nasdaq Delisting Notification and Files to Appeal

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Bruush Oral Care Inc. (BRSH) received a delisting notice from Nasdaq due to its common shares trading below $1 for ten consecutive days. The company also failed to meet the $1 minimum bid price requirement. A hearing before a Panel is scheduled for April 25, 2024, where the company will present a plan to regain compliance.
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Arrive Partners with AllMart Marketplace to Launch its Smart Mailbox Solution in Antigua

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Bruush Oral Care Inc. (BRSH) announced a pending merger with technology company Arrive, which has signed an agreement to deploy smart mailboxes with AllMart Marketplace in Antigua. The deployment is expected to enhance secure deliveries and pave the way for future drone delivery options. The merger is set to close in the second quarter of 2024.
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Arrive Acquires AirBox Technologies in Advance of Brüush Merger

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Bruush Oral Care Inc. (Nasdaq:BRSH) announced the acquisition of AirBox Technologies by its pending merger partner, Arrive Technology Inc. This acquisition broadens Arrive's patent portfolio and enhances its smart mailbox capabilities for autonomous and conventional package delivery. The merger between Bruush and Arrive is expected to create the Combined Company, focusing on the implementation of Arrive's smart Mailbox-as-a-Service platform, with shares listed under the ticker symbol 'ARRV' on the Nasdaq Capital Market.
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Bruush Oral Care Inc. and Arrive Technology Inc. Announce Agreement and Plan of Merger

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Bruush Oral Care Inc. (Nasdaq: BRSH) and Arrive Technology Inc. have announced a merger to form a new company, Arrive Technology Inc. The new company will focus on advancing and implementing Arrive's smart Mailbox-as-a-Service (MaaS) platform, utilizing AI to facilitate the exchange of goods between people, robots, and drones. The new company will be listed on the Nasdaq Capital Market under the ticker symbol 'ARRV'. The CEOs of both companies expressed enthusiasm for the merger, highlighting the potential for creating stockholder value.
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Brüush Receives Nasdaq Notification Regarding Minimum Bid Requirements

Rhea-AI Summary
Bruush Oral Care Inc. (NASDAQ:BRSH) has received a notice from Nasdaq regarding non-compliance with the minimum bid price requirement. The company's common shares traded below $1.00 per share for 30 consecutive business days, triggering the notice. Bruush has 180 days to regain compliance, with an option for an additional 180-day grace period. If the share price reaches at least $1.00 for ten consecutive days during the compliance period, Nasdaq will confirm compliance.
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Brüush Announces Notice from Nasdaq for Continued Listing

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Bruush Oral Care Inc. has received an exception for continued listing on the Nasdaq after not meeting the minimum stockholders' equity requirement. The company announced a private placement of approximately $5.0 million to strengthen its balance sheet and increase stockholders' equity.
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Brüush Announces Pricing of $5.0 Million Private Placement

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Bruush Oral Care Inc. announced a private placement to raise approximately $5.0 million through the issuance of common shares and warrants. The closing is expected on October 3, 2023. EF Hutton is the exclusive placement agent.
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Brüush Oral Care Inc. Announces 1-for-25 Reverse Stock Split Effective Pre-Market Opening on August 1, 2023

Rhea-AI Summary
Bruush Oral Care Inc. has approved a 1-for-25 reverse split of its common shares to comply with Nasdaq's minimum bid price requirement. The consolidation is effective from July 31, 2023. The company's common shares and warrants will trade on a post-split basis under the same symbols, BRSH and BRSHW, respectively, starting from August 1, 2023. Fractional common shares less than 0.50 will be cancelled, and any fractional common share greater than 0.50 will be rounded up to the nearest whole common share. The company will have approximately 511,368 common shares issued and outstanding after the consolidation. The exercise price per common share attributable to the warrants will be proportionately increased.
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FAQ

What is the current stock price of Bruush Oral Care (BRSH)?

The current stock price of Bruush Oral Care (BRSH) is $0.086 as of June 27, 2024.

What is the market cap of Bruush Oral Care (BRSH)?

The market cap of Bruush Oral Care (BRSH) is approximately 8.7M.

What does Bruush Oral Care Inc. specialize in?

Bruush specializes in premium yet affordable electric toothbrushes with sonic technology, and offers a brush head refill subscription service.

What are some of Bruush's recent achievements?

Recently, Bruush announced a 1-for-25 reverse stock split and raised approximately $5.0 million through a private placement.

What products does Bruush offer?

Bruush offers a sonic-powered electric toothbrush kit and brush head refills. They plan to launch additional oral care products like toothpaste, mouthwash, dental floss, and a whitening pen.

What is the significance of Bruush's reverse stock split?

The reverse stock split was implemented to comply with Nasdaq's minimum bid price requirement, stabilizing the company's market position.

What is Bruush's business model?

Bruush operates as a direct-to-consumer e-commerce business, focusing on delivering high-quality oral care products at competitive prices.

Who is Bruush's target audience?

Bruush primarily targets millennials and Generation Z with its modern and affordable oral care products.

What future products are Bruush planning to launch?

Bruush plans to introduce new subscription-based consumable oral care products, including an electric toothbrush for kids, toothpaste, mouthwash, dental floss, and a whitening pen.

What is the merger between Bruush and Arrive Technology Inc. about?

Bruush is merging with Arrive Technology Inc. to focus on the development of a smart Mailbox-as-a-Service platform, enhancing autonomous delivery solutions.

When will the Bruush and Arrive merger be completed?

The merger is expected to close in the first quarter of 2024, subject to customary closing conditions.

How can I get more information about Bruush?

You can visit Bruush’s official website at https://bruush.com, follow them on LinkedIn, or check out their Instagram for the latest updates.

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Bruush Oral Care Inc.

Nasdaq:BRSH

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BRSH Stock Data

8.68M
16.39M
17.36%
12.96%
2.2%
Household & Personal Products
Consumer Defensive
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