Wednesday, April 24, 2024Endeavor BioMedicines Gets $132.5MSan Diego-based biotechnology company Endeavor BioMedicine said this morning that it has raised $132.5M in the company's Series C financing. The company said the funding was led by AyurMaya, an affiliate of Matrix Capital Management, plus new investors including Fidelity Management & Research Company, Invus, SymBiosis, Velosity Capital, and Woodline Partners along with existing investors including funds managed by abrdn Inc. (formerly Tekla Capital Management LLC), Ally Bridge Group, Avidity Par (More info...)
posted on Wednesday, April 24, 2024(Full story)
Fisker Eyes Bankruptcy, Slashes StaffTroubled Los Angeles-based automotive company Fisker Automotive indicated in a regulatory filing on Tuesday that it is in a liquidity crunch, which "raises substantial doubt about its ability to continue as a going concern", and indicated that it could file for bankruptcy within the next 30 days. The company also indicated in the filing that it intends to "further reduce" its workforce and "streaming its operations", including "reducing its physical footprint" in an effort to control costs.
posted on Wednesday, April 24, 2024(Full story)
Loop Media Gets NYSE WarningBurbank-based multi-channel streaming platform Loop Media reports that it has received a warning from the NYSE American. According to the company, it was advised the company is "not in compliance with the NYSE American continued listing standards" citing "reported stockholder's deficit and "losses from continuing operations and/or net losses in its five most recent fiscal years ended September 30, 2023." The company said it is required to submit a "plan of compliance" by May 23, 2024.
posted on Wednesday, April 24, 2024(Full story)