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

Read More
Read More

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

Read More
Read More

PyroGenesis Files Application to Uplist to TSX as a Technology Company

MONTREAL, Oct. 06, 2020 (GLOBE NEWSWIRE) — PyroGenesis Canada Inc. (http://pyrogenesis.com) (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

Read More
Read More

OPPO files a utility patent for clamshell foldable smartphone hinge

Electronics companies around the world are looking to introduce foldable smartphones. So far, only four companies have managed to achieve this feat and they are Samsung, Huawei, Motorola, and Royole. On the other hand, the remaining popular smartphone makers have been applying for patents related to this tech for the past few quarters. One of those companies is OPPO and it has applied for one more.

OPPO Utility Patent - Clamshell Foldable Smartphone Hinge 04

Chinese smartphone maker OPPO is known for its SuperVOOC fast charging technology and uniquely designed phones. But the company is yet to release a foldable smartphone. Anyway, it has been patenting design for such devices for a while now. Hence, we can expect the company to soon launch a commercial foldable smartphone.

That said, the new patent filed by Guangdong Oppo Mobile Telecommunications with the WIPO (World Intellectual Property Organization) is a utility patent for hinge and not design like

Read More
Read More

AEW Files For Three Potential Video Game Trademarks, Kenny Omega Gives Game Update

AEW recently filed for three trademarks that could be related to a video game.

The company filed for “All Elite Wrestling: Elite General Manager” and “Elite GM” on September 10. The following use description was filed with the USPTO (United States Patent & Trademark Office) for each of these trademarks:

“IC 009. US 021 023 026 036 038. G & S: Downloadable game software; Downloadable computer game software for use on mobile and cellular phones; Downloadable electronic game software for use on handheld computers and mobile gaming devices; Downloadable video game programs; Recorded video game software”

AEW then filed for “AEW: Elite GM” on September 15. The same use description was filed with this trademark.

AEW Executive Vice President Kenny Omega recently spoke with Gamespot and said the company is getting closer to revealing footage of the first-ever AEW video game.

“I can’t say too much more other than I

Read More
Read More

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

Read More
Read More