According to the Complaint, Progenity, Inc. is a biotechnology company focused on developing and commercializing molecular testing products and precision medicine applications. The Company provides in vitro molecular tests designed to assist parents in making informed decisions related to family planning, pregnancy, and complex disease diagnosis.
Recent Security Class Actions
According to the Complaint, this action stems from a proposed transaction announced on August 3, 2020 (the “Proposed Transaction”), pursuant to which Jernigan Capital, Inc. (“Jernigan” or the “Company”) will be acquired by affiliates of NexPoint Advisors, L.P.
According to the Complaint, Fastly, Inc. is the provider of an edge cloud platform. Fastly’s edge cloud platform purportedly enables “customers to create great digital experiences quickly, securely, and reliably by processing, serving, and securing [its] customers’ applications as close to their end-users as possible.”
According to the Complaint, Braskem S.A. is purportedly the largest producer of thermoplastic resins in the Americas, based on the annual production capacity of the Company’s twenty-nine plants in Brazil, six plants in the U.S., two plants in Germany, and four plants in Mexico, as of December 31, 2019. The Company’s segments include, among others, its Vinyls Unit, which involved salt mining operations in Alagoas, Brazil.
According to the Complaint, InnerWorkings, Inc. engineers marketing for leading brands across a wide range of industries.
According to the Complaint, Vivint is a leading full-service residential solar provider in the United States.
According to the Complaint, Maxim Integrated Products, Inc. develops innovative analog and mixed-signal products and technologies to make systems smaller and smarter, with enhanced security and increased energy efficiency.
According to the Complaint, Blink Charging Company purports to be “a leading owner, operator, and provider of electric vehicle (‘EV’) charging equipment and networked charging services. Blink offers both residential and commercial EV charging equipment, enabling EV drivers to easily recharge at various location types.”
According to the Complaint, Vaxart, Inc. is a clinical-stage company purportedly engaged in the discovery and development of vaccines for a variety of diseases that would be administered orally, rather than by injection.
According to the Complaint, Anaplan Inc. is a software company that provides a cloud-based connected planning platform to connect organizations and people. One of the most important financial metrics for investors in analyzing Anaplan’s performance is “calculated billings.” The Company defines calculated billings as revenue plus the sequential change in total deferred revenue as presented on the balance sheet. Calculated billings are used by investors to evaluate subscription businesses, such as Anaplan, that do not directly disclose billings as a part of their financial reporting.
