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Active Network Files For IPO

socalTECH

San Diego-based Active Network has filed for an IPO, saying in its S-1 that it is looking to raise up to $150M. The firm's IPO is being underwritten by BofA Merrill Lynch, Citi, Allen & Company LLC, Stifel Nicolaus Weisel, RBC Capital Markets, ThinkEquity LLC, and WR Hambrecht+Co. The firm said it had a net loss of 37.8M

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Demand Media Nets $77.2M From IPO

socalTECH

in net proceeds from the firm's IPO last week. The firm, which debuted on the NYSE as DMD, said it will use the new funding for investments in content, international expansion, working capital, product development, sales and marketing activities, general and administrative matters and capital expenditures.

.Net 145
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Evofem Prices $50M Offering

socalTECH

The publicly held company, which trades on the NASDAQ as EVFM, says it intends to use the net proceeds from the offering for the continuation of full commercialization activities related to its lead produt, Phexxi, including continued direct-to-consumer advertising activities across television, streaming and digital channels; the continuation of its (..)

Pricing 113
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Need money? Read this!

Berkonomics

The subject of raising money is critical to many businesses and a passing option to others, depending upon the capital efficiency of the enterprise. But few businesses grow into the sweet spot of $20 million to $30 million in worth to an ultimate buyer without the injection of outside capital.

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PharmaCyte Biotech Shifting To Nasdaq

socalTECH

Laguna Hills-based biotech developer PharmaCyte Biotech said late Monday that the company is shifting to the Nasdaq Capital Market, having been approved to list on the exchange as PMCB. PharmaCyte said it will use net proceeds of the offering to complete activities requested by the U.S. Wainwright.

.Net 113
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Prevoty Launches New Products For Java,NET

socalTECH

Prevoty, which is venture backed by US Venture Partners, Plus Capital, MM Capital, Paige Craig, and others, developers cross-site scripting security tools to prevent security breaches in web apps.

Java 100
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Attracting Angel Capital

SoCal Tech Calendar

Tuesday, March 23, 2010 -- Attracting Angel Capital: Tips from Frontline Experts. In the current economic and venture capital climate, angel investment is one of the most critical sources of start-up capital. Angel networks such are the source of the majority of this funding. See [link] (more).

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