SD FINANCE

Callaway Acquires Jack Wolfskin Outdoor Apparel Co.

The acquisition is expected to close in the first quarter of 2019.

Qualcomm Notes: Possibility of going private, Apple settlement hopes, new AI fund

Qualcomm Inc.'s busy week included reports of a potential settlement with Apple, Paul Jacobs' hopes to take the company private, and a new $100M AI fund.

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Bank Files for IPO, Will Focus On Cryptocurrency Services

Silvergate Bank, a San Diego-based bank with a focus on digital currencies, is looking to go public. Parent company Silvergate Capital filed with the Securities and Exchange Commission on Nov. 16 to raise $50 million through an initial public offering.

Tech Startups May Need A Lawyer, Especially One With a LaunchPad

A little bit of extra space will allow San Diego law firm Procopio to expand its incubator for tech startups.

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Philanthropy: RBCF Grants Support Causes and Community

The Rancho Bernardo Community Foundation, an affiliate of The San Diego Foundation, awarded $83,000 to 20 programs that benefit Rancho Bernardo at the group’s 30th Annual Thanksgiving Luncheon.

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Cubic Prices Follow-on Offering at $60 Per Share

Cubic Corp. priced a follow-on offering of 3.3 million shares of common stock at $60 per share, announcing the move late Nov. 28. Cubic plans to use proceeds to pay for its acquisition of Trafficware.

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MaxLinear Names 2 Board Members

MaxLinear Inc., a fabless semiconductor company based in Carlsbad, increased the size of its board and named two new directors, Daniel Artusi and Carolyn Beaver.

Qualcomm launches $100M AI fund

Qualcomm plans to invest $100 million into artificial intelligence startups, focusing on companies withe edge AI capabilities.

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Seismic Taps CFO Who Helped Take ServiceNow Public

Seismic hired John McCauley, the former director of finance for ServiceNow, as its first CFO.

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Cubic to Sell More Shares

Cubic Corp. announced on Nov. 26 that it plans to make a follow-on offering of 3.3 million shares of common stock, partially to pay for its October acquisition of Trafficware.

Philanthropy: CAF Can Take a Victory Lap Following A Successful Month

In celebration of its 25th anniversary, the Challenged Athletes Foundation announced it raised $3.2 million during a two week period in October 2018 as a result of three signature fundraising events: The Million Dollar Challenge Bike Ride, Aspen Medical Products San Diego Triathlon Challenge and YMCA of San Diego County Tour de Cove.

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Founders Share Their Funding Strategies

Finding funding is tough. The challenge can be especially daunting as a startup seeking its first investor to write a check. Four San Diego founders shared their advice for landing that first deal.

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Certona Eyes Adjacent Markets, International Expansion

Years of steady growth carried Certona from its beginnings as a tech startup in small warehouse space to one of San Diego’s top software companies.

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San Diego bank with a crypto focus files for $50M IPO

Silvergate Bank's parent company, Silvergate Capital, filed for a $50 million IPO on Friday.

Monterey Financial Holdings, LLC, Appoints New CEO

Chris Hughes, who recently served as president and CEO, will assume the role of Executive Director.