Arcutis to raise $150M in public stock offering
Banking & Finance, Health Care & Life Science, Latest news, Regions, Top Stories, Tri-County Public Companies, Ventura CountyArcutis Biotherapeutics, a Westlake Village-based company developing drugs for immune dermatological conditions, plans to raise $150 million through a public offering of additional shares of common stock. Arcutis announced the pricing of those shares on Aug. 2, at $20 per share. Shares of Arcutis closed at $19.50 that day and then shot up 17% on Read More →
Semtech in talks to buy Sierra Wireless for $1.2B
Banking & Finance, Latest news, Regions, Technology, Top Stories, Tri-County Public Companies, Ventura CountyThe Camarillo-based semiconductor company Semtech Corp. disclosed Aug. 2 that it “has engaged in advanced discussions” regarding a possible $1.2 billion acquisition of Sierra Wireless, a Canadian company that makes components for the Internet of Things applications that Semtech also specializes in. Bloomberg first reported a potential deal on Aug. 1, and that day shares Read More →
SLO’s Mindbody names new CEO
Latest news, Regions, San Luis Obispo County, Technology, Top Stories, Top StoryMindbody, a software firm for the wellness industry that is one of San Luis Obispo’s biggest tech companies, announced the hiring of a new CEO on Aug. 2. Fritz Lanman will take over on Sept. 3, the company said. The current CEO, Josh McCarter, will move to Mindbody’s board of directors. Lanman is currently the Read More →
Street Smarts: Navy takes possession of USS Santa Barbara combat ship
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Community West reports earnings decline as PPP loans wind down
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesGoleta-based Community West Bank reported a drop in net income in its most recent quarter, as the federal Paycheck Protection Program wound down. Community West Bancshares, the bank’s holding company, released its earnings report for the second quarter of 2022 before the markets opened July 29. Its net income for the quarter was $2.6 million, Read More →
Thousand Oaks real estate firm manager arrested on charges of stealing $1M from business
Latest news, Law & Goverment, Real Estate, Regions, Ventura CountyThe Ventura County Sheriff’s Department arrested the former operations manager of Aviara Real Estate in Thousand Oaks on July 26, on suspicion of stealing more than $1 million from the business, the Ventura County Sheriff’s Department announced July 26. Dana Hiscock Vines was arrested in Malibu and faces 18 felony counts of grand theft, the Read More →
Yardi family buys landmark Santa Barbara Riviera property
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