Consumer electronics

Square Financial Services Begins Banking Operations

Monday, March 1, 2021 - 11:00pm

Today, Square, Inc. announced its industrial bank, Square Financial Services, has begun operations after completing the charter approval process with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions.

Key Points: 
  • Today, Square, Inc. announced its industrial bank, Square Financial Services, has begun operations after completing the charter approval process with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions.
  • Moving forward, Square Financial Services will be the primary provider of financing for Square sellers across the U.S.
  • Bringing banking capability in-house enables us to operate more nimbly, which will serve Square and our customers as we continue the work to create financial tools that serve the underserved, said Amrita Ahuja, Square, Inc. Chief Financial Officer and Executive Chairwoman of the board of directors for Square Financial Services.
  • Completing the Square Financial Services executive team are leaders who bring collective deep experience across banking, finance, and lending.

Acer Therapeutics Reports Fourth Quarter and Full Year 2020 Financial Results and Provides Corporate Update

Monday, March 1, 2021 - 9:05pm

In spite of the challenges presented by a global pandemic in 2020, we continued to advance our existing programs while expanding our pipeline, said Chris Schelling, CEO and Founder of Acer.

Key Points: 
  • In spite of the challenges presented by a global pandemic in 2020, we continued to advance our existing programs while expanding our pipeline, said Chris Schelling, CEO and Founder of Acer.
  • In return, Acer received a $1.0 million upfront nonrefundable payment and a $4.0 million secured loan from Relief
    Promoted Jefferson Davis to Chief Business Officer in February 2021.
  • Cash and cash equivalents were $5.8 million as of December 31, 2020, compared to $12.1 million as of December 31, 2019.
  • We disclaim any intent or obligation to update these forward-looking statements to reflect events or circumstances that exist after the date on which they were made.

Newegg Honors 2021 Eggie Award Winners

Monday, March 1, 2021 - 9:49pm

Newegg , one of the leading tech-focused e-retailers in North America, has unveiled its list of 2021 Eggie Award honorees.

Key Points: 
  • Newegg , one of the leading tech-focused e-retailers in North America, has unveiled its list of 2021 Eggie Award honorees.
  • Neweggs annual awards recognize key contributions made by the companys partners during the past calendar year.
  • This years Eggie Awards recognize great work under extraordinary circumstances, and were pleased to honor their contributions as we look forward to our continued collaboration in 2021 and beyond.
  • The 2021 Eggie Award honorees are:
    Partners of the Year AMD, ASUS, MSI & Gigabyte

Pexco LLC Acquires Altaflo

Monday, March 1, 2021 - 9:42pm

Pexco LLC, a leading North American specialty plastics extruder, is pleased to announce the acquisition of Altaflo, LLC.

Key Points: 
  • Pexco LLC, a leading North American specialty plastics extruder, is pleased to announce the acquisition of Altaflo, LLC.
  • View the full release here: https://www.businesswire.com/news/home/20210301005997/en/
    Pexco LLC Acquires Altaflo (Photo: Business Wire)
    Founded in 2006 by Mary Hyde and Chris Bishop, Altaflo has built a strong reputation for developing exceptional fluid handling solutions for aggressive applications, delivering the highest possible purity levels.
  • Pexco CEO Sam Patel stated, We are extremely pleased to welcome Altaflo to the Pexco family.
  • Pexco looks forward to growing Altaflo by broadening the spectrum of solutions available to their customers.

GrafTech Announces Secondary Offering of Common Stock by Existing Stockholder

Monday, March 1, 2021 - 9:30pm

GrafTech International Ltd. (NYSE: EAF) (GrafTech or the Company) today announced that an affiliate of Brookfield Asset Management Inc. and Brookfield Business Partners LP, members of the Brookfield consortium that has an existing ownership interest in GrafTech, intends, subject to market conditions, to offer 30,000,000 shares of GrafTech common stock in an underwritten secondary offering.

Key Points: 
  • GrafTech International Ltd. (NYSE: EAF) (GrafTech or the Company) today announced that an affiliate of Brookfield Asset Management Inc. and Brookfield Business Partners LP, members of the Brookfield consortium that has an existing ownership interest in GrafTech, intends, subject to market conditions, to offer 30,000,000 shares of GrafTech common stock in an underwritten secondary offering.
  • The selling stockholder will receive all of the net proceeds from the offering.
  • GrafTech is not offering any shares of common stock in the offering.
  • The offering of the common stock will be made only by means of the prospectus and related prospectus supplement.

Avaya Announces Participation in Upcoming Investor Conferences

Monday, March 1, 2021 - 9:05pm

Businesses are built by the experiences they provide, and everyday millions of those experiences are delivered by Avaya Holdings Corp. (NYSE: AVYA).

Key Points: 
  • Businesses are built by the experiences they provide, and everyday millions of those experiences are delivered by Avaya Holdings Corp. (NYSE: AVYA).
  • Avaya is shaping what's next for the future of work, with innovation and partnerships that deliver game-changing business benefits.
  • Our cloud communications solutions and multi-cloud application ecosystem power personalized, intelligent, and effortless customer and employee experiences to help achieve strategic ambitions and desired outcomes.
  • Together, we are committed to help grow your business by delivering Experiences that Matter.

McAfee to Participate in Morgan Stanley 2021 Global TMT Conference

Monday, March 1, 2021 - 9:15pm

McAfee Corp. (NASDAQ: MCFE), the device-to-cloud cybersecurity company, today announced that Peter Leav, president and chief executive officer at McAfee, will be presenting at the Morgan Stanley 2021 Global TMT Conference.

Key Points: 
  • McAfee Corp. (NASDAQ: MCFE), the device-to-cloud cybersecurity company, today announced that Peter Leav, president and chief executive officer at McAfee, will be presenting at the Morgan Stanley 2021 Global TMT Conference.
  • Presentation details:
    McAfee is the device-to-cloud cybersecurity company.
  • Inspired by the power of working together, McAfee creates consumer and business solutions that make the world a safer place.
  • www.mcafee.com
    View source version on businesswire.com: https://www.businesswire.com/news/home/20210301005892/en/

Achieve Professional-quality Audio, Video and Lighting with Movo WebMic HD Pro, Launching on Kickstarter

Monday, March 1, 2021 - 8:10pm

The Movo WebMic HD Pro launched on Kickstarter today and helps relieve the stresses of online learning, working from home and live-streaming.

Key Points: 
  • The Movo WebMic HD Pro launched on Kickstarter today and helps relieve the stresses of online learning, working from home and live-streaming.
  • The high-quality features of the Movo WebMic HD Pro make it easier to produce professional content, work, live-stream, learn and teach remotely.
  • "We're excited to help teachers, students, streamers and content creators up their game with the Movo WebMic HD Pro," said Ben Halberstam, CEO at Movo.
  • Consumers can opt for the Movo WebMic, which only includes the superior cardioid condenser microphone, or they can choose from the WebMic HD (WebMic and HD webcam), WebMic 4K (WebMic and 4K camera), or WebMic 4K Pro (WebMic with a 4K camera and an LED ring light).

VIZIO Files Registration Statement for Proposed Initial Public Offering

Monday, March 1, 2021 - 8:57pm

VIZIO Holding Corp. ("VIZIO") today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its Class A common stock.

Key Points: 
  • VIZIO Holding Corp. ("VIZIO") today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its Class A common stock.
  • The number of shares to be offered by VIZIO and certain selling stockholders and the price range for the proposed offering have not yet been determined.
  • J.P. Morgan and BofA Securities will act as lead book-running managers for the proposed offering.
  • Wells Fargo Securities and Guggenheim Securities will also act as book-running managers for the proposed offering.

Invacare Corporation Introduces the Next Generation Alber e-motion® Power Assist Device

Monday, March 1, 2021 - 7:20pm

Invacare Corporation (NYSE: IVC) and its subsidiary, Alber USA, LLC announced the introduction of their next generation of power assist devices the e-motion (M25).

Key Points: 
  • Invacare Corporation (NYSE: IVC) and its subsidiary, Alber USA, LLC announced the introduction of their next generation of power assist devices the e-motion (M25).
  • The Alber e-motion power assist for manual wheelchairs is a push rim activated device that features wheels with a powerful in-hub motor and lithium ion batteries.
  • With our second launch in less than a year, we are further strengthening our comprehensive portfolio of power assist devices.
  • Universally, they told us they wanted a power assist device that was lighter and more powerful, and we are proud to deliver a unique and superior solution that will address their needs.