Posts filtered by tags: U.S Securities and Exchange Commission[x]


 

Analysis: Investors Ask U.S. SEC for More ESG Disclosures as Companies Resist

By Katanga JohnsonWASHINGTON (Reuters) - Investor groups have asked the U.S. Securities and Exchange Commission for more corporate disclosures on...
Tags: SEC, U S Securities and Exchange Commission, Katanga, Reuters Investor


Lordstown Motors CEO and CFO resign amidst production woes

Beleaguered electric vehicle startup Lordstown Motors’ stock shares have taken another hit after the company said Monday that CEO Steve Burns and CFO Julio Rodriguez have resigned, just a few weeks after Burns was reassuring investors of the company’s bright future. Lordstown Motors’ Lead Independent Director Angela Strand was appointed executive chairwoman to oversee the transition until a permanent CEO is found. Becky Roof will service as Interim CFO. Roof has acted as interim CFO at a number ...
Tags: TC, Transportation, Tech, Automotive, Electric Vehicles, SEC, Saks Fifth Avenue, Eastman Kodak, Burns, The Company, SPAC, Lordstown, U S Securities and Exchange Commission, Rodriguez, Steve Burns, Workhorse Group


Extra Crunch roundup: Security data lakes, China vs. Starlink, ExtraHop’s $900M exit

News broke this morning that Bain Capital Private Equity and Crosspoint Capital Partners are purchasing Seattle-based network security startup ExtraHop. Part of the Network Detection and Response (NDR) market, ExtraHop’s security solutions are for companies that manage assets in the cloud and on-site, “something that could be useful as more companies find themselves in that in-between state,” report Ron Miller and Alex Wilhelm. Just one year ago, ExtraHop was closing in on $100 million in ARR an...
Tags: Health, Startups, TC, Space, Spacex, Maryland, China, US, Tech, Earth, United States, Venture Capital, EC, Anna, Seattle, Alex


Ohio Utility Gets SEC Subpoena Regarding Tainted Energy Bill

Electric utility AEP Ohio says it has received a subpoena from the Enforcement Division of the U.S. Securities and Exchange Commission for documents regarding benefits it has received from a tainted energy bill that ensnared another Ohio electric utility.
Tags: Ohio, Bill, U S Securities and Exchange Commission, AEP Ohio, SEC Subpoena Regarding Tainted Energy


Tesla’s head of heavy duty trucking has left the company

Jerome Guillen, a critical executive at Tesla who was working on the development and eventual production of the Tesla Semi has left the company, the automaker said Monday in a filing to the U.S. Securities and Exchange Commission. Guillen’s departure comes just three months after he was moved from the president of automotive position, which included oversight of the Tesla Semi, to a role with less responsibility as head of heavy duty trucking. Guillen had led Tesla’s entire automotive business f...
Tags: Transportation, Elon Musk, Tech, Tesla, Automotive, Nevada, Daimler, Musk, U S Securities and Exchange Commission, Frito Lay, Modesto California, Guillen, Tesla Semi, Jerome Guillen


The executive in charge of the Tesla Semi has left the company

Jerome Guillen, a critical executive at Tesla who was working on the development and eventual production of the Tesla Semi has left the company, the automaker said Monday in a filing to the U.S. Securities and Exchange Commission. Guillen’s departure comes just three months after he was moved from the president of automotive position, which included oversight of the Tesla Semi, to a role with less responsibility as head of heavy duty trucking. Guillen had led Tesla’s entire automotive business f...
Tags: Transportation, Elon Musk, Tech, Tesla, Automotive, Nevada, Daimler, Musk, U S Securities and Exchange Commission, Elon Musk He, Frito Lay, Modesto California, Guillen, Tesla Semi, Jerome Guillen


As AMC Entertainment stock surges 20%, SEC says it's watching memes for 'disruptions of the market, manipulative trading, or other misconduct'

The U.S. Securities and Exchange Commission warns that it is closely monitoring moves in the market, amid the surge in values of meme...
Tags: SEC, U S Securities and Exchange Commission, AMC Entertainment


United States: SEC Announces Latest Amendments To Proxy Advisor Rules Will Not Be Enforced, Pending Additional Review - Fenwick & West LLP

Gary Gensler, the new chairman of the U.S. Securities and Exchange Commission, released a statement on June 1, 2021, directing SEC staff to consider revisiting its interpretation and guidance...
Tags: News, United States, SEC, U S Securities and Exchange Commission, Gary Gensler, Fenwick, West LLP


Intapp, Tech Provider to Legal and Financial Firms, Files Papers for IPO

Palo Alto, Calif., based Intapp, a major provider of cloud-based business applications for larger law firms and financial services firms, filed papers Friday with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock. For the legal technology industry, where IPOs have been few and far between, the news is significant. Although it is becoming increasingly common for legal technology companies to talk of plans for future IPOs, few have actually comp...
Tags: Microsoft, Law, Credit Suisse, SEC, Permira, Raymond James, U S Securities and Exchange Commission, Palo Alto Calif, Nasdaq Global Market, Intapp, Piper Sandler, Truist Securities, Repstor, ALSP Axiom, Oppenheimer Co Inc Stifel Nicolaus Company


U.S. SEC Ousts Head of Accounting Watchdog, Puts Rest of Board on Notice

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission on Friday said it has voted to remove the head of the accounting oversight board...
Tags: Washington, SEC, Reuters, U S Securities and Exchange Commission


Autonomous vehicle startup Aurora in final talks to merge with Reid Hoffman’s newest SPAC

Autonomous vehicle startup Aurora is close to finalizing a deal to merge with Reinvent Technology Partners Y, the newest special purpose acquisition company launched by LinkedIn co-founder and investor Reid Hoffman, Zynga founder Mark Pincus and managing partner Michael Thompson, according to several sources familiar with the talks. One of the sticking points is the targeted valuation, which had been as high as $20 billion. It is now closer to $12 billion and the deal is expected to be announced...
Tags: TC, Transportation, Uber, Softbank, Linkedin, Tech, Bloomberg, Automotive, Venture Capital, Reid Hoffman, Autonomous Vehicles, New York Stock Exchange, North America, Sequoia Capital, Volvo, Greylock Partners


Xometry is taking its excess manufacturing capacity business public

Xometry, a Maryland-based service that connects companies with manufacturers with excess production capacity around the world, filed an S-1 form with the U.S. Securities and Exchange Commission announcing its intent to become a public company. As the global supply chain tightened during the pandemic in 2020, a company that helped find excess manufacturing capacity was likely in high demand. CEO and co-founder Randy Altschuler described his company to TechCrunch this way last September upon the a...
Tags: Fundings & Exits, Startups, Enterprise, Maryland, Tech, U S Securities and Exchange Commission, Xometry, Altschuler, Randy Altschuler, EC News Analysis, EC Manufacturing and Supply Chain, T Rowe Price When


AI cybersecurity provider SentinelOne files for $100M IPO

SentinelOne, a late-stage security startup that helps organizations secure their data using AI and machine learning, has filed for an IPO on the New York Stock Exchange (NYSE). In an S-1 filing on Thursday, the security company revealed that for the three months ending April 30, its revenues increased by 108% year-on-year to $37.4 million and its customer base grew to 4,700, up from 2,700 a year prior. Despite this pandemic-fueled growth, SentinelOne’s net losses more than doubled from $26.6 mil...
Tags: Security, Cloud, Ipo, US, Tech, Ceo, Companies, Artificial Intelligence, Barclays, Computing, Machine Learning, SEC, Mountain View, Goldman Sachs, Morgan Stanley, Initial Public Offering


Confluent’s IPO brings a high-growth, high-burn SaaS model to the public markets

Confluent became the latest company to announce its intent to take the IPO route, officially filing its S-1 paperwork with the U.S. Securities and Exchange Commission this week. The company, which has raised over $455 million since it launched in 2014, was most recently valued at just over $4.5 billion when it raised $250 million last April. What does Confluent do? It built a streaming data platform on top of the open-source Apache Kafka project. In addition to its open-source roots, Confluent h...
Tags: Fundings & Exits, Startups, Confluent, Enterprise, Ipo, Tech, Kafka, U S Securities and Exchange Commission, Apache Kafka, Jay Kreps, EC Enterprise Applications


United States: DIM Focuses On Compliance And Disclosures As Funds Dip Into Bitcoin Futures - Morrison & Foerster LLP

Kelley Howes spoke to Fund Directions about the U.S. Securities and Exchange Commission's (SEC) Division of Investment Management issuing a statement that provides guidelines for advisers...
Tags: News, United States, SEC, Morrison, U S Securities and Exchange Commission, Foerster LLP, Kelley Howes


U.S. SEC Charges Five Individuals Involved in Crypto Lending Program

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission on Friday said it has charged five individuals for promoting a global...
Tags: Washington, Reuters, U S Securities and Exchange Commission


U.S. SEC Charges Five Individuals Involved in BitConnect Lending Program

WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission on Friday said it has charged five individuals for promoting a global...
Tags: Washington, Reuters, U S Securities and Exchange Commission, SEC Charges Five Individuals Involved, BitConnect Lending Program


United States: Token Safe Harbor Proposal Updated, IRS Memo Addresses Bitcoin Hard Fork - BakerHostetler

This week, U.S. Securities and Exchange Commission Commissioner Peirce released an updated token safe harbor proposal, which amends her original proposal from February 2020.
Tags: News, United States, U S Securities and Exchange Commission, Peirce, Token Safe Harbor Proposal Updated IRS


Lordstown Motors slashes production forecast for its electric pickup

Lordstown Motors’ cash-rich SPAC dreams have turned out to be nothin’ more than wishes. The automaker reported Monday a disappointing first-quarter earnings that was a pile-up of red-ink-stained negativity. Lowlights include higher-than-expected forecasted expenses, a need to raise more capital and lower-than-anticipated production of its Endurance vehicle this year — from around 2,200 vehicles to just 1,000. In short, the company is set to consume more cash than the street expected and is furth...
Tags: Tech, Tesla, Automotive, Ford, Gm, DOE, Burns, Company, SPAC, Lordstown, U S Securities and Exchange Commission, Nikola, Steve Burns, Hindenburg, Workhorse Group, Workhorse


The Station: London scooter winners and Ford’s most important EV

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to Point B. I want to point to two Extra Crunch articles before jumping into the rest of the news and analysis. Yes, Extra Crunch requires a subscription. We’re ramping up the transportation an...
Tags: Google, Amazon, Lyft, London, California, Washington, France, America, Los Angeles, Tech, General Motors, Canary Wharf, Bloomberg, Ars Technica, Chicago, Automotive


Canoo is being investigated by the SEC

Canoo, the Los Angeles-based electric vehicle startup that debuted on the Nasdaq public exchange earlier this year, is being investigated by the U.S. Securities and Exchange Commission, just months after its merger with special purpose acquisition company Hennessy Capital Acquisition Corp. The investigation is broad, covering the Hennessy’s initial public offering and merger with Canoo, the company’s operations, business model, revenues, revenue strategy, customer agreements, earnings and other ...
Tags: TC, Los Angeles, Tech, Automotive, Electric Vehicles, SEC, Hyundai, Faraday Future, U.S. Securities and Exchange Commission, Krause, Hennessy, Kranz, Hennessy Capital Acquisition Corp, Stefan Krause, Ulrich Kranz, Evelozcity


Crypto and blockchain must accept they have a problem, then lead in sustainability

Monica Long Contributor Share on Twitter Monica Long is the GM of RippleX. As the price of bitcoin hits record highs and cryptocurrencies become increasingly mainstream, the industry’s expanding carbon footprint becomes harder to ignore. Just last week, Elon Musk announced that Tesla is suspending vehicle purchases using bitcoin due to the environmental impact of fossil fuels used in bitcoin mining. We applaud this decision, ...
Tags: TC, Column, Elon Musk, New York, Opinion, Tech, Renewable Energy, Tesla, Bitcoin, Greenhouse Gas Emissions, United Kingdom, Paris, Gm, Treasury, Crypto, Janet Yellen


United States: Guess What? The SEC Is Regulating Crypto! - Foley & Lardner

My friend Judy Greenwald at BusinessInsurance.com reported a Cornerstone Research report entitled "SEC Cryptocurrency Enforcement" that the "…U.S. Securities and Exchange Commission has brought 75...
Tags: News, United States, SEC, Foley, U S Securities and Exchange Commission, Lardner, Cornerstone Research, Judy Greenwald, BusinessInsurance


CBS, Leslie Moonves Resolve Dispute Over $120 Million in Severance

A whopping amount of money that has been held in trust for potential payout to former CBS chief Leslie Moonves is going back to the company. In a filing with the U.S. Securities and Exchange Commission filed Friday, ViacomCBS said that $120 million that has been held in trust for Moonves since he departed under […]
Tags: News, Cbs, Leslie Moonves, U S Securities and Exchange Commission, Moonves, ViacomCBS, CBS Leslie Moonves


Extra Crunch roundup: Fintech stays hot, Brex doubles, and startup IRR is up all over

Tech companies in Silicon Valley, the geography, have had an incredible year. But one indicator points to longer-term changes. The internal rate of return (IRR) for companies in other startup hub cities has been even better. A big new analysis by AngelList showed aggregate IRR of 19.4% per year on syndicated deals elsewhere versus 17.5% locally. A separate measure, of total value of paid-in investment, revealed 1.67x returns for other hubs versus 1.60x in the main Silicon Valley and Bay Area tec...
Tags: Startups, TC, California, India, US, San Francisco, Tech, Austin, United States, Healthcare, SEC, Silicon Valley, Zomato, Biden, Seattle, Fintech


U.S. SEC Probes VW 'Voltswagen' Marketing Stunt - Source

By David ShepardsonWASHINGTON (Reuters) - The U.S. Securities and Exchange Commission has opened an inquiry into the U.S. unit of Volkswagen's AG...
Tags: David, SEC, Volkswagen, Reuters, U S Securities and Exchange Commission, VW Voltswagen Marketing Stunt Source


What private tech companies should consider before going public via a SPAC

Drew N. Goodwin Contributor Share on Twitter Drew N. Goodwin is a senior associate with Farella Braun + Martel LLP in San Francisco. Alex Reese Contributor Share on Twitter Alex Reese is a partner with Farella Braun + Martel LLP in San Francisco. The red-hot market for special purpose acquisition companies, or SPACs, has “screeched to a hal...
Tags: Column, Finance, San Francisco, Tech, Cnn, House, Paul ryan, SEC, Private Equity, SPAC, U.S. Securities and Exchange Commission, Shaquille O'Neal, Alex Reese, Special-purpose Acquisition Company, EC Column, Farella Braun Martel LLP


U.S. SEC Enforcement Chief Steps Down After Five Days on Job

WASHINGTON (Reuters) - Alex Oh, the first woman of color appointed to lead the U.S. Securities and Exchange Commission's enforcement division last...
Tags: Washington, SEC, U S Securities and Exchange Commission, Reuters Alex