Friday, December 16, 2022AllGear Digital Raises $40MLos Angeles-based AllGear Digital--which owns media sites GearJunkie, Switchback Travel, Bikerumor, and others--said on Thursday that it has raised $40M in a funding round. The funding was led by Bardin Hill Investment Partners. The company--run by co-founder and CEO Eric Phung--was previously known as Lola Digital Media. The company said the new funding will go to "organic growth initiatives" and to bring on additional publishers.
posted on Friday, December 16, 2022(Full story)
TuSimple Names Permanent CFO, Names New Board MembersSan Diego-based autonomous driving technology developer TuSimple -- which has been fighting a possible deslisting after firing its CEO -- said it has named a new FO, and named multiple people to its board, as well as reconstituted its audit committee. The company said it has named Michael Mosier as its Government Security Director; Mosier was most recently Acting Director of at the U.S. Department of Treasury's Financial Crimes Enforcement Network. The company also said it added Wendy Hayes as a (More info...)
posted on Friday, December 16, 2022(Full story)
Avidity Biosciences Ups Public Offering SizeSan Diego-based biopharmaceuticals company Avidity Biosciences said on Thursday that it has upsized its public offering, and will be offering up 12,000,000 shares of its common stock at a price to the public of $17.25 per share, and is now expecting to raise $207M for the company. The company said it plans to use the new funding to fund the research and development of its development programs, to continue development work associated with advancing its AOC platform and for working capital and gen (More info...)
posted on Friday, December 16, 2022(Full story)