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Evofem Biosciences Raises $50M In Offering

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San Diego-based Evofem Biosciences, a developer of biopharmaceuticals for female reproductive health, reported it raised $50M in its previously announced public offering. It said it will net approximately $46.6M after underwriting discounts, commissions, and expenses. The offering was run by H.C. Wainwright.

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Veritone Picks Up $6.5M In PPP Loans

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Costa Mesa-based artificial intelligence software developer Veritone --which is publicly traded on the NASDAQ as VERI--reported that it has received a total of $6.5M Veritone has over 300 employees and had 2019 net revenues of $49.6M. in loans under the Paycheck Protection Program (PPP).

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RA Medical Systems Files For $86.25M IPO

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Carlsbad-based RA Medical Systems , which develops cardiovascular and dermatology catheters and excimer lasers, has filed for an IPO, saying that it is looking to raise up to $86.25M in an IPO on the New York Stock Exchange. The reported a net loss of $17.765M on net revenues of $5.87M for its year ended December 31, 2017.

.Net 100
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Inhibrx Files For IPO

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The company reported a net loss of $31.02M in 2018 on revenues of $8.5M; the company's current revenue stream includes both license fees and grants. Inhibrx develops protein engineering technology used in biopharmaceuticals research. The IPO is being underwritten by Evercore ISI, Barclays, Nomura, and Raymond James.

.Net 124
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THQ Reports Loss

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Agoura Hills-based video game maker THQ reported its yearly results Wednesday afternoon, reporting that it saw a net loss of $431.1M For the quarter, the firm said it had a net loss of $96.9M on net sales of $170.3M, compared with a net loss of $34.5M on sales of $830.0M. the firm lost on sales of $1,030.5M

THQ 100
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Viant Files For IPO

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Irvine-based Viant Technology, a developer of advertising software, has filed for an IPO, saying in a filing with the SEC that it is looking to raise up to $150M in an IPO on the Nasdaq Global Market as DSP. The company reported $9.9M in net income on $164M in revenues for the year ended December 31, 2019.

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Honey Acquired By PayPal For $4 Billion

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In one of the biggest acquisitions out of Southern California's technology startup industry in recent years, Los Angeles-based Honey Science Corporation , which develops a savings discovery and price tracking tool, has been acquired by PayPal , in a deal worth approximately $4 billion.