Friday, April 19, 2024DermTech Seeks Buyer, Chops More Than Half Of WorkforceSan Diego-based dermatology technology developer DermTech said yesterday afternoon that it is seeking "strategic alternatives" for the company, and has hired an investment banker to advise it in its efforts. According to the company, a special committee of its board of directors has engaged investment bank TD Cowen to "conduct a process exploring strategic alternatives to maximize stockholder value." The company said it is also cutting approximately 100 employees, or approximately 56 percent of (More info...)
posted on Friday, April 19, 2024(Full story)
Triller In Merger With AGBALos Angeles-based short form video app developer Triller--which competes against TikTok--is merging with a company called AGBA Group Holding Limited, the companies said this week. According to the two, the deal--worth $4 billion--will make AGBA 80 perecent owned by current Triller stockholders and restricted stock unit holders. The companies said that AGBA Group Holdings Limited trades on the NASDAQ as AGBA, and is a "one-stop financial supermarket based in Hong Kong offering the broadest set of (More info...)
posted on Friday, April 19, 2024(Full story)