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.
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.
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.
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.
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.
Seismic Taps CFO Who Helped Take ServiceNow Public
Seismic hired John McCauley, the former director of finance for ServiceNow, as its first CFO.
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.
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.
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.
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.