Wei Zhou

Charlotte startup Poverty Dignified raises more than $600,000 in private equity

Posted by Wei Zhou | Nov 25, 2016

A Charlotte, North Carolina-based company has sold $610,751 in a private equity offering, according to a Securities and Exchange Commission filing. Poverty Dignified Inc. filed the form D on Nov. 23. The company stated it has filed to raise $750,000 in equity, with $139,249 remaining to be sold. Sixteen investors participated in the offering, according to the filing. The company did not disclose what it intends to do with the proceeds. Headquartered in Charlotte, Poverty Dignified is the parent company of Power Solutions Inc. Power Solutions is an energy franchise business that provides affordable mobile electricity through solar technology...

Durham-based Micell Technology raises $25 million

Posted by Wei Zhou | Nov 18, 2016

A Durham-based biotechnology company has raised $25 million in equity and debt, according to a Securities and Exchange Commission filing. Micell Technologies Inc. filed a Form D with the SEC on Nov. 18. The filing listed a total offering amount of $30 million in equity and debt, with $4.23...

Charlotte-based Let’s Talk Payments files to raise $500,000

Posted by Wei Zhou | Nov 18, 2016

A Charlotte-based financial technology news company has filed to raise $500,000 in equity, according to a Securities and Exchange Commission filing. Let’s Talk Payments LLC filed a Form D with the SEC on Nov. 17. The filing listed a total offering amount of $500,000 in equity, with $275,000 remaining to be sold. Three investors participated in the offering. [screen-shot-2016-11-17-at-4-45-52-pm] The company didn’t specify what it intends to do with the proceeds, according to the filing. Of the money raised, $50,000 will be used for executive compensation. Founded in 2013, Let’s Talk Payments operates a news platform for professionals in...

Cempra expects FDA approval for pneumonia drug by end of the year

Posted by Wei Zhou | Sep 9, 2016

Cempra Inc., a pharmaceutical company, expects Food and Drug Administration approval of a drug used to treat pneumonia by the end of the year, according to a filing with the Securities and Exchange Commission on Thursday. Solithromycin is designed for the treatment of moderate to moderately-severe community acquired bacterial pneumonia and urethritis. The drug has already completed two pivotal phase 3 trials. The first study was conducted with orally-administered solithromycin, and the second study tested intravenous solithromycin progressing to oral solithromycin. Cempra announced that it has scheduled a meeting of the Antimicrobial Drugs Advisory Committee on Nov. 4 to discuss...

New Raleigh tech company files to raise $1 million

Posted by Wei Zhou | Sep 2, 2016

A Raleigh, North Carolina-based company filed plans to sell $1 million in a private stock offering, according to a Securities and Exchange Commission filing. Inform System Technologies LLC filed the form D on Sep. 1. The company did not disclose what it intended to do with the proceeds. The Raleigh-based company is a technology company that was newly formed by Willie Dickens on Aug. 17 this year. $60,000 of the $1 million will be used for payments to Dickens, who is listed as executive officer, director and promoter of the company, according to the filing. Companies relying on a...