MindBody expects to raise $120 million with stock offering
Latest news, Technology, Tri-County Public CompaniesSan Luis Obispo-based MindBody announced a follow-on stock offering May 22 that would raise around $120 million for the company. The wellness-oriented software company plans to offer 4.4 million shares of Class A common stock, with options for underwriters to purchase an additional 660,000 shares. MindBody’s share price fell 5 cents following the announcement, ending Read More →
Westlake Village-based PizzaRev acquired
East Ventura County, Latest news, Small BusinessChicago accelerator firm Cleveland Avenue acquired a majority stake in Westlake Village-based pizza chain PizzaRev. Cleveland Avenue, founded by retired McDonald’s CEO Don Thompson, invests in food and beverage businesses, including providing research and development resources. PizzaRev represented an opportunity for scale and growth, Thompson said in a news release May 22. “This is more Read More →
Stock soars at The Trade Desk over news of $200 million offering
Earnings, Latest news, Tri-County Public Companies, West Ventura CountyThe Trade Desk stock gained 3.5 percent on the news that it had filed a registration statement with the Securities and Exchange Commission for a follow-on offering of up to $200 million of existing stock. The digital advertising platform company, headquartered in Ventura, will not receive any proceeds from the offering, filed May 19. The Read More →
Camarillo sportswear company Neff Headwear acquired
Latest newsCamarillo sportswear company Neff Headwear was acquired by Mad Engine, the licensed apparel wholesaler for Disney and its affiliated companies, according to a news release May 16. Mad Engine took ownership of the company from Marlin Equity Partners and the Neff family, who founded it in 2002. “We’re excited to have this opportunity to acquire Read More →
Clean Diesel revenue down, net loss grows
Earnings, Latest news, Technology, Tri-County Public CompaniesOxnard-based Clean Diesel Technologies reported a drop in first quarter revenue year-over-year and an increase in its net loss to $3.1 million. The emissions control technology company launched new private label programs in North America and removed some product offerings. Revenues fell 15 percent, from $9.7 million in the first quarter of 2016, to $8.2 Read More →
UCSB chancellor backs call to divest from fossil fuel companies
Energy, Higher Education, Latest newsAfter a four-day sit-in, UC Santa Barbara students won the endorsement of Chancellor Henry Yang on the divestiture of the University of California’s $2.8 billion in its endowment from fossil fuel companies. Margaret Klawunn, vice president of student affairs, delivered the statement May 11 on behalf of the chancellor at Cheadle Hall, where around 400 Read More →
The Trade Desk reports $4.9 million net income for first quarter
Earnings, Latest news, Technology, Tri-County Public CompaniesThe Trade Desk reported $4.9 million in net income for its first quarter ended March 31 and announced that it has secured a $200 million line of credit. Revenues for the Ventura-based advertising platform increased more than 75 percent over the first quarter of 2016, reaching $53.4 million. Operating expenses almost doubled, from $27 million Read More →
