Securities and Exchange Commission
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King of Prussia Software Maker Vertex Lays Off 170 Employees in AI Shift
King of Prussia-based Vertex plans to reduce its workforce by nine percent, as the tax and compliance software maker pivots toward artificial intelligence, writes Jeff…
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West Chester’s QVC Group to File for Bankruptcy, Plans 90-Day Restructuring
Amid ongoing efforts to manage $6.6 billion in debt, West Chester-based QVC Group has announced plans to file for Chapter 11 bankruptcy protection, writes Jeff Blumenthal for…
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Chesterbrook’s Persevere Therapeutics Raises $1.57M, Acquires Cancer Drug in Stealth Exit
Chesterbrook-based Persevere Therapeutics marked its emergence from stealth mode last week with completed equity financing and product acquisition, writes John George for the Philadelphia Business…
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Wayne’s Teleflex to Sell Three Business Divisions in Two Separate Deals
Teleflex, based in Wayne, plans on divesting three of its business divisions through two separate deals valued at a combined $2.03 billion, writes John George for the Philadelphia Business…
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Malvern-Based Vanguard Group Settles Class Action Lawsuit for Nearly $20 Million
Malvern-based investment company the Vanguard Group has recently settled a class action lawsuit with a nearly $20 million payment, writes Joseph N. DiStefano for The…
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Malvern’s Vanguard Hit with $106M Fine for Allegedly Misleading Retail Investors
Malvern-based Vanguard Group is currently facing a $106 million fine for allegedly misleading retail investors in targeted retirement funds, writes Jeff Blumenthal for the Philadelphia…
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Malvern Medtech Company Aims to Raise $40 Million in Upcoming Stock Sale
Tela Bio of Malvern aims to raise $40 million in an upcoming stock and warrant sale, writes John George for the Philadelphia Business Journal. The…
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West Chester-Based Verrica Pharmaceuticals Restructures to Expand Access for Flagship Product
Verrica Pharmaceuticals is restructuring its sales and operating teams in an effort to reduce costs and expand access to its flagship product, writes John George…
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Check Out the Highest Paid CEOs of the Philadelphia Area
Last year was a big one for Philadelphia area CEOs. Ten of the top twelve highest earners saw an increase in salary over 2022, write…
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Thrill-Seeking Investors Flocking to Single-Stock ETFs
Investors who are looking to ratchet up the risk are turning to single-stock exchange-traded funds, a relatively recent product that focuses on amplifying the return…
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New Bill Aims to Grant Accredited Investor Status, Access to Private Markets to Those Who Pass Exam
If you’re interested in investing in a hot startup or joining a market-beating private investment fund, chances are you won’t be able to unless you’re…
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Mid Penn Bank CEO: Get to Know Your Community Bank
By: Rory Ritrievi When Central Pennsylvanians see two of the largest bank failures in American history occurring mere days apart, it’s understandable that they would…
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Malvern-based Endo International Likely to File for Chapter 11 Bankruptcy Protection
Endo International, the pharmaceutical giant based in Dublin, Ireland, with U.S. headquarters in Malvern, is expected to file for Chapter 11 bankruptcy protection, a move…
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Wiser Wealth: You May Be Savvy But Are You An “Accredited Investor”?
Whether you are new to investing or have been involved in making investments for years, the term accredited investor might be unfamiliar to you. That’s…
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Evolution of Coatesville-Based Prosper Bank Continues with Plan to Go Public
Coatesville-based Prosper Bank, which changed its name from the historic Coatesville Savings Bank about 18 months ago, is looking to fuel growth by converting from…
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With $700 Million in Annual Sales, Exton’s Bentley Systems Considers Going Public
Exton-based Bentley Systems is considering going public, writes Joseph DiStefano for The Philadelphia Inquirer. The construction software firm said it has “confidentially submitted a draft…
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Downingtown-Based TBJ Gourmet Launches Crowdfunding Campaign to Finance Market Expansion
Downingtown-based TBJ Gourmet has launched a crowdfunding campaign to raise between $250,000 and $1 million to finance its market expansion, writes Diane Mastrull for the…
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Local Company Warns Shareholders of Offer from Firm Known for Controversial Investing Tactics
Berwyn-based Ametek is urging its shareholders not to accept an offer from TRC Capital, an investment firm known for its controversial tactics, writes Michelle Caffrey…
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