Game Platform Roblox Files Confidentially for Public Listing

Online game platform Roblox said Monday that on a confidential basis it had submitted a draft registration statement to the Securities and Exchange Commission for a public offering of common stock.

The San Mateo, Calif., company said it hasn’t determined the number of Class A common shares it will sell and at what price.

Roblox said it intends to commence the public offering following completion of the SEC review.

The company is aiming for a public valuation of about $8 billion, Reuters reported earlier this month. 

That would double the $4 billion valuation it got in a $150 million fundraising round in February led by venture capital firm Andreessen Horowitz. The VC firm said in February that the platform reached more than 115 million monthly users.

The company hosts millions of games that are built by its users, who then get a share of any related revenue. 

“Roblox is powered

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Technology-focused SPAC Carney Technology Acquisition II files for a $350 million IPO

Carney Technology Acquisition II, a blank check company targeting the technology industry, filed on Friday with the SEC to raise up to $350 million in an initial public offering.

The Burlingame, CA-based company plans to raise $350 million by offering 35 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable $11.50. At the proposed deal size, Carney Technology Acquisition II would command a market value of $447 million.

The company is led by CEO, CFO, and Chairman David Roberson, who most recently served as SVP of Enterprise Servers, Storage and Networking at Hewlett-Packard, and Chief Acquisition Officer Lloyd Carney, who previously founded SPAC ChaSerg Technology Acquisition and served as CEO until its business combination with Grid Dynamics Holdings (GDYN; -11% from $10 offer price) in March of this year. Carney Technology Acquisition II plans to target technology companies

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PyroGenesis Files Application to Uplist to TSX as a Technology Company

MONTREAL, Oct. 06, 2020 (GLOBE NEWSWIRE) — PyroGenesis Canada Inc. ( (TSX-V: PYR) (OTCQB: PYRNF) (FRA: 8PY), a high-tech company, (the “Company”, the “Corporation” or “PyroGenesis”) that designs, develops, manufactures and commercializes plasma atomized metal powder, plasma waste-to-energy systems and plasma torch products,  is pleased to announce that it has applied to have its common shares listed on the Toronto Stock Exchange (“TSX”), as a technology Company.

Listing is subject to the approval of the TSX in accordance with its original listing requirements for technology companies. The TSX has not conditionally approved the company’s listing application and there is no assurance that the TSX will approve the listing application. Without limitation, the original listing requirements of the TSX provide that a company must have a minimum of $10,000,000 in the treasury, the majority of which has been raised by the issuance of securities qualified for distribution by a prospectus, which

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Oasis Petroleum files for bankruptcy after shale downturn

FILE PHOTO: A drilling rig on a lease owned by Oasis Petroleum performs logging operations in the Permian Basin near Wink, Texas U.S. August 22, 2018. REUTERS/Nick Oxford

(Reuters) – Oasis Petroleum Inc OAS.O filed for Chapter 11 bankruptcy protection on Wednesday, the latest U.S. shale producer to seek court-aided restructuring as the energy industry reels from an unprecedented crash in oil prices caused by the COVID-19 pandemic.

The company listed assets and liabilities in the range of $1 billion to $10 billion, according to a court filing.

Oasis said it secured $450 million in debtor-in-possession financing and expects to cut debt by $1.8 billion through the restructuring. It had long-term debt of $2.76 billion with just $77.4 million in cash and cash equivalents as of June 30.

Lockdowns to stem the spread of the virus decimated travel and the demand for fuel, bringing oil drilling to a halt and

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ByteDance Files for China Approval to Export TikTok Tech

(Bloomberg) — ByteDance Ltd., the Chinese parent of video app TikTok, submitted an application in Beijing for permission to export technology, as it tries to work out an agreement with the Trump administration that will avoid a U.S. ban on the service.

a hand holding a cell phone: The logo for ByteDance Ltd.'s TikTok app is arranged for a photograph on a smartphone in Sydney, New South Wales, Australia, on Monday, Sept. 14, 2020. Oracle Corp. is the winning bidder for a deal with TikTok’s U.S. operations, people familiar with the talks said, after main rival Microsoft Corp. announced its offer for the video app was rejected.

© Bloomberg
The logo for ByteDance Ltd.’s TikTok app is arranged for a photograph on a smartphone in Sydney, New South Wales, Australia, on Monday, Sept. 14, 2020. Oracle Corp. is the winning bidder for a deal with TikTok’s U.S. operations, people familiar with the talks said, after main rival Microsoft Corp. announced its offer for the video app was rejected.

The company said it filed the request with the city’s commerce bureau after China tightened restrictions on the export of certain technologies, including those used in TikTok. A spokesman for the commerce ministry acknowledged the filing Thursday, saying it’ll be assessed “in accordance with the relevant rules

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TikTok Files for Injunction to Stop Ban of App

SAN FRANCISCO — TikTok, the short-form viral video app, asked for a preliminary injunction against the Trump administration on Wednesday, a legal maneuver aimed at protecting the company’s service in the United States against a potential ban.

The request, filed in the District Court for the District of Columbia, is in response to Commerce Department rules that Apple and Google remove the TikTok app from their app stores by Sunday for American users, and cease to provide further software updates to people who have downloaded the app in the United States.

TikTok, which is owned by the Chinese internet company ByteDance, has lately been working to complete a deal that would keep it operating in the United States. In August, President Trump signed executive orders effectively mandating that ByteDance sell TikTok’s U.S. operations or risk halting its transactions in the country. The White House has positioned TikTok’s American presence as

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Nintendo Files Pokemon HeartGold And SoulSilver Trademarks, But That Doesn’t Mean New Games Are Coming

Nintendo has filed new trademarks for Pokemon HeartGold and Pokemon SoulSilver, according to listings that were spotted by Japanese Nintendo. HeartGold and SoulSilver were complete remakes of the 2001 Gold and Silver games, first appearing on the Nintendo DS a decade ago.

While the trademarks do cover 50 different types of products and services related to HeartGold and SoulSilver, there’s no mention of a new re-release of those classic games in them.

Japanese trademark rights expire ten years from the day on which it as registered, and seeing as how Pokemon HeartGold and Pokemon SoulSilver were first released in Japan in 2009 and then in the rest of the world in 2010, this is likely a case of Nintendo protecting its intellectual property.

It’s also doubtful that HeartGold and SoulSilver will be ported to the Nintendo 3DS like the original Pokemon games were, now that the console has been officially

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LSU Football Files Patent for New Helmet “Cooling and Circulation” Technology

Part of the gameplan for this new, unprecedented 2020 season is to keep the players healthy and safe on the field. That extends to the equipment, including the helmets the players wear. 

The first trial run of a new helmet design at LSU this summer was met with mixed reviews. The face mask, which covered the whole helmet, made it hard for the players to breathe.  

One of the running videos on social media that week was right tackle Austin Deculus saying it’s like trying to breathe “in a ziploc bag.”  Coach Ed Orgeron responded to the new helmets, saying there will be an adjustment period with them.

“We all played football, if I had something on where I couldn’t breathe, I wouldn’t be comfortable,” Orgeron said on Off the Bench. “I think it’s just going to be an adjustment period, work through it and we’re going to have

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The FinCEN Files Horror Story And What We Can Learn For Crypto

Another big AML scandal was revealed yesterday by the International Consortium of Investigative Journalists (ICJI). But whilst the Panama Papers made Cameron and a few choice politicians lose their lunch appetite one afternoon, the FinCEN Files have brought the dark corners of financial institutions HSBC, Standard Chartered, Deutsche Bank and BNY Mellon into a glaring spotlight. 

We are not talking here about some light touch issue, we are talking about money transferred to criminals, corrupted politicians, people and drug trafficking. Serious stuff.  

What struck me about the files? Old well-known patterns of behaviour in the traditional compliance banking world, “nothing new, nothing to see here”. What continues to fail? And how can we in crypto compliance learn from this to not fall into the same lax trap? My reflections from reading the FinCEN Files, a (traditional) finance horror story.

Some ‘same old’ methods like the ‘mirror trade’ were on

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TikTok Files New Complaint in Federal Court Over Commerce Ban

TikTok is not accepting its Sept. 20 “ban” without a fight.

TikTok is not accepting its Sept. 20 “ban” without a fight.
Photo: Nicolas Asfouri / AFP (Getty Images)

Although the clock is ticking, pardon the pun, TikTok is not going down without a fight.

Per Bloomberg and Reuters, the video-sharing app and its Chinese parent company, Bytedance, filed a complaint in a Washington federal court on Friday aiming to block the Trump administration’s upcoming ban, which is set to take effect on Sept. 20. The ban, announced by the Commerce Department earlier that day, will prevent any new downloads or updates to the app in the U.S. as of Sunday but will continue to allow users to access the app until Nov. 12 if they already had it downloaded prior to Sept. 20.

The Trump administration said that TikTok has until Nov. 12 to resolve the national security concerns it has about the app.

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