Posted Feb. 17, 2017 at 7:41 a.m.

Filings: Asheville brewery seeks $3M; Avadim raises $680K; LendingTree CEO sells more shares

Published: 2017-02-17 07:41:05
Updated: 2017-02-17 07:41:05

North Carolina Business News Wire North Carolina Business News Wire

In a wrapup of the latest N.C.-related SEC filings:

  • Asheville brewery seeks $3 million
  • Avadim raises $680,000
  • LendingTree CEO sells more shares

The details:

  • Asheville brewery Riverbend Malt House seeks $3 million

An Asheville brewery wants to raise $3 million from investors, according to a filing with the Securities and Exchange Commission.

Riverbend Malt House filed the Form D on Feb. 16, 2017. The first sale as yet to occur, and the minimum investment accepted from any outside investor $50,000.

The offering is not being made in connection with a business combination transaction, and is not intended to last more than one year.

The brewery aims to lessen the local industry’s impact on the planet and provide craft beer using locally-farmed ingredients. It malts only North Carolina grown barley, wheat and rye.

Brent Manning, co-founder of Riverbend Malt House, was an environmental scientist with Land Management Group from June 2003 to April 2011 before starting the brewery, according to LinkedIn.

  • Avadim Technologies raises another $680,000

Avadim Technologies Inc. has raised $684,144 from 34 investors in another private offering, according to a filing with the Securities and Exchange Commission. [avadim]

The Asheville-based life sciences company filed the Form D on Feb. 16, 2017. According to the Form D, the offering was not made in connection with a business combination transaction, and is not intended to last more than one year.

One of the fastest-growing private companies in the United States, Avadim Technologies has raised over $9 million since August 2016.

It has been rumored the company plans to go public soon. In September 2016, it built a new 100,000-square-foot corporate headquarters, adding 550 new jobs in Buncombe County.

Founded in 2007, Avadim manufactures skin hygiene products to health care providers. It offers specialty care packs, silver bathing systems, body cleansers and pH and hygiene management sprays. It serves consumers online.

  • LendingTree CEO Lebda sells an additional $460,000 in stock

Douglas Lebda, the founder, chairman and CEO of LendingTree, sold an additional 4,000 shares of stock valued at $460,520, according to a filing with the Securities and Exchange Commission.

Lebda sold the stock on Feb.15 at a value of $115.13 per share.

Between Jan. 12 and Feb. 2, Lebda sold a total of 16,000 shares, profiting a total of nearly $1.3 million.

According to the Form 4 filing, Lebda still owns more than 1 million shares of common stock through family trusts, spousal ownership and Lebda Family Holdings LLC, worth more than $115 million.

LendingTree, founded in 1996, is an online lending exchange that connects consumers with a network of lenders for financing products, including personal, business and auto loans.

LendingTree trades on the New York Stock Exchange under the ticker TREE. The company is trading at $112.45, down 1.7 percent, or $1.95, midday Thursday.

Note: This story was compiled from information provided by the North Carolina Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism.

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