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Bitwise Industries was an American company focused on computer programming instruction, technology sales, and real estate operations. Founded in 2013 by Irma Olguin Jr. and Jake Soberal in Fresno , the company grew to have campuses in additional cities before furloughing its workforce and terminating the co-CEOs in June 2023.
The SEC, in its own complaint filed with the federal court, stated that Soberal and Olguin conducted an offering Bitwise stock in 2022 to raise funds to cover operating expenses, generating about ...
A federal bankruptcy judge has approved the terms of a $20 million settlement that will benefit former Bitwise Industries employees who abruptly lost their jobs when the Fresno-based technology ...
Bitwise co-founders Irma Olguin Jr. and Jake Soberal told the FBI that they forged bank statements, misled investors and inflated company revenues as they tried to salvage their startup company.
It was a position in which she became a poster child for the company’s diversity: a self-described “queer Latinx” woman leading a company in the male-dominated technology industry.
The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.
Equity carve-out (ECO), also known as a split-off IPO or a partial spin-off, is a type of corporate reorganization, in which a company creates a new subsidiary and subsequently IPOs it, while retaining management control. [1] [2] Only part of the shares are offered to the public, so the parent company retains an equity stake in the subsidiary ...
Just as a 2:1 stock split cuts a company’s shares in half, a 4-for-1 stock split divides each share into quarters. In this case, the post-split company will have four times as many outstanding ...