In WTW’s latest wrapup of filings and other tech news:

  • Michigan-based Valassis closes on $95M acquisition of MaxPoint
  • Heat Biologics seeks to raise $11.2 million in stock offering
  • Avadim Technologies raises $8.6 million of $20 million goal
  • Red Hat director Kaiser sells over $1.6 million in stock

The details:

  • Michigan-based Valassis closes on $95M acquisition of MaxPoint

LIVONIA – Triangle-based MaxPoint is now part of Valassis.

The Michigan-based firm said Tuesday it had closed on the $95 million purchase of the ecommerce data firm, buying all MaxPoint shares at $13.86 each – in cash.

“2017 has been a pivotal year for the digital media industry as advertisers have publicly called for more media accountability and attribution,” says Cali Tran, president of Valassis Digital. “The combination of our two companies creates powerful targeting, delivery, and measurement capabilities that will deliver leading media quality and performance for our clients.”

  • Durham-based Heat Biologics seeks to raise $11.2 million in stock offering

DURHAM – Taylor Street reports for North Carolina Business News Wire that Heat Biologics Inc. wants to sell 12 million shares to its existing shareholders to raise money for clinical trials and its business operations, according to a filing Tuesday with the Securities and Exchange Commission.

At its maximum, the stock sale would raise $11.2 million.

The biopharmaceutical company estimates net proceeds from this rights offering to be approximately $8.1 million, after expenses of nearly $900,000.

The rights offering will expire if not exercised by 5 p.m. EST on Nov. 8.

Heat Biologics develops drugs designed to activate a patient’s immune system against cancer.

The Durham-based company designs off-the-shelf ImPACT therapeutic vaccines that combat various cancers and infectious diseases.

Heat is currently conducting a separate clinical trial working to treat non-muscle invasive bladder cancer.

  • Avadim Technologies raises $8.6 million of $20 million goal

ASHEVILLE – Sissy Rodriguez reports for NCBNW that Avadim Technologies Inc. has raised another $1.3 million toward its $20 million offering, according to a filing with the Securities and Exchange Commission.

Since March, the company has raised $8.6 million and plans to raise an additional $11.4 million within a year.

According to the filing, $182,322 of the proceed will go toward finders’ fees.

Avadim Technologies is a health care company that specializes in treating skincare conditions, using a microbiome-compliant technology platform. In 2016, it was named one of the fastest growing companies in the country, raising over $9 million since August of last year.

It is rumored that the company will go public in the near future.

The company’s CEO is Steve Woody, who has been with the company since September 2013. Previously, he was the founder and managing member of Avadim LLC, the predecessor to the company. Since 1997, Woody has assisted more than 30 companies with regulatory support and strategic planning necessary for their launch of new or modified medical devices.

  • Red Hat director Kaiser sells over $1.6 million in stock

RALEIGH – Emily Brice reports for NCBNW that Red Hat director William Kaiser has sold shares of stock for more than $1.6 million, according to a filing with the Securities and Exchange Commission.

Kaiser sold 14,000 shares at $114.79 per share, for a total value of $1,607,060.

He still owns 69,352 shares in Red Hat worth more than $8 million.

Kaiser is a venture capitalist and serves on the board of directors for multiple private organizations. He has been a director of Red Hat since September 1998.

Kaiser joined Greylock Partners in May 1986 and specializes in investments in the enterprise sector including applications, infrastructure, networking, open source and software, Kaiser spent seven years in sales and marketing at Hewlett Packard and Apollo Computer.

Red Hat is a multinational software company founded in 1993. It provides storage, operating system platforms, middleware, applications, management products and support training and consulting services. The Raleigh-based company has over 10,700 employees.