Tag: U.S. Securities and Exchange Commission

AviationStartups

Beta Technologies Files for $825M IPO as Electric Aircraft Startup Seeks Public Debut

Vermont-based electric aircraft startup Beta Technologies has priced its IPO shares between $27 and $33 in a move that could raise $825 million. The company, which has taken an unconventional funding path avoiding venture capital, could debut with a $7.2 billion valuation if it attracts investors at the top of its price range.

Electric Aviation Startup Targets Public Markets

Electric aircraft developer Beta Technologies has filed for an initial public offering that could raise as much as $825 million, according to regulatory documents filed with the U.S. Securities and Exchange Commission. Sources indicate the company has priced shares between $27 and $33 for its initial public offering, with analysts suggesting a potential valuation of approximately $7.2 billion if the company attracts investors at the top of that range.

by Daniel R.Collins
Assistive TechnologyCybersecurity

F5 Networks Confirms Government Hackers Stole Source Code and Customer Data in Extended Breach

Cybersecurity firm F5 Networks has confirmed government-backed hackers maintained “long-term, persistent access” to its systems, stealing source code and customer configuration data. The breach, discovered in August, affected the company’s BIG-IP development environment and knowledge management systems containing undisclosed security vulnerabilities.

Major Security Breach at Cybersecurity Firm

Cybersecurity company F5 Networks has disclosed that government-backed hackers maintained “long-term, persistent access” to its network, allowing them to steal proprietary source code and sensitive customer information, according to reports filed with regulatory authorities. The Seattle-based company, which provides application security and cybersecurity defenses for major corporations and governments, indicated in its SEC filing that the breach was discovered on August 9.

by Daniel R.Collins