Vitesse to raise $16.1M in stock offering
Banking & Finance, Latest news, Technology, Tri-County Public CompaniesCamarillo-based Vitesse Semiconductor plans to raise $16.1 million in a public offering of stock. The deal, announced Dec. 6, will offer 10 million shares at $1.75 each, netting $16.1 million after costs. It’s expected to close Dec. 12. Needham & Company is acting as the sole book-running manager of the offering, and Craig-Hallum Capital Group Read More →
DeLorenzo leaves Dole for Itochu
Agribusiness, Banking & Finance, Latest news, Tri-County Public CompaniesDole Food Co. President and CEO David DeLorenzo is leaving the company to lead Itochu Corp., the Japanese firm that’s in the process of buying Dole’s packaged foods unit for $1.7 billion. In another step toward closing the Itochu deal by the end of the year, shareholders of the Westlake Village-based food company approved it Read More →
Vitesse tees up stock offering
Banking & Finance, Tri-County Public CompaniesCamarillo-based Vitesse Semiconductor is planning a stock offering despite years of losses and a shareholder base that’s underwater in terms of book value. Vitesse said Dec. 6 that it plans an offering that will be underwritten by Needham & Company as the sole bookrunning manager of the offering and Craig-Hallum Capital Group as co-manager. The Read More →
ValueClick names new CEO
Latest newsTwo and a half years after James Zarley took the helm of ValueClick, the digital marketing company said he’s being replaced by new president and CEO John Giuliani. Giuliani, who’s been the Westlake Village-based firm’s chief operating officer since April, will step into his new role immediately. He succeeds Zarley, who has been the marketing Read More →
Shopatron closes $4M financing
Latest news, TechnologySan Luis Obispo-based e-commerce firm Shopatron has closed a $4 million credit facility with Multiplier Capital, a venture debt fund. Founded in 2001, Shopatron makes an e-commerce system that lets branded manufacturers sell products directly from their websites and fulfill the order through a dealer near the customer via delivery or in-store pickup. While large Read More →
Savor nears break-even with record ticket sales
Latest newsThe third annual Savor the Central Coast posted record numbers for attendance and revenue. The food and wine event is presented by the San Luis Obispo County Visitors and Conference Bureau and Sunset magazine. It hosted nearly 10,000 guests at the Santa Margarita Ranch over the four days between Sept. 27 and Sept. 30, reflecting Read More →
RiverPark theaters spark $8M dispute
Latest newsThe dissolution of California’s redevelopment agencies has left the developers of RiverPark in Oxnard wondering where to send an $8 million check. In a lawsuit filed Nov. 26, Ventura County Superior Court, the project’s developer, Shea Properties, allege that a dispute has broken out over $8 million they promised to pay in a deal to Read More →
