WebAug 25, 2024 · During September to October 2024, Headspin raised approximately $20 million dollars in the sale of Series B preferred shares. The fourth round of fundraising …
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WebSep 2, 2024 · HeadSpin CEO resisted hiring CFO while inflating ARR, SEC says Manish Lachwani dictated company financials to its bookkeeper and manipulated invoices and other documents to support fabricated numbers, the Securities and Exchange Commission alleges. Published Sept. 2, 2024 Robert Freedman Lead Editor Screengrab/CFO Dive, … WebFeb 21, 2024 · On January 28, 2024, the U.S. Securities and Exchange Commission ("SEC") announced a settled fraud case with HeadSpin, Inc., a technology start-up, that allegedly engaged in a scheme to boost...
WebFeb 7, 2024 · However, the SEC only seeks an order enjoining HeadSpin from future violations of Section 10(b) of the Exchange Act, Rule 10b-5, and Section 17(a) of the Securities Act. WebAug 26, 2024 · The court filing describes how an employee of the company in March 2024 alerted the board to apparent inconsistencies and an audit of the company books two months later found that the cumulative amount of revenue HeadSpin earned through the first half of 2024 came to about $26.3m, compared to the $95.3m figure reported by the …
WebAug 4, 2024 · Instead of the $100 million in annual recurring revenue that HeadSpin had forecast in February, the company was reportedly found to be pacing at only around $15 million in ARR. That prompted a ... WebFeb 10, 2024 · On January 28, 2024, the Commission announcedthat it had settled fraud charges with a Silicon Valley technology startup, HeadSpin, Inc. (HeadSpin), without …
WebFeb 7, 2024 · However, the SEC only seeks an order enjoining HeadSpin from future violations of Section 10(b) of the Exchange Act, Rule 10b-5, and Section 17(a) of …
WebAug 26, 2024 · Separately, the Securities and Exchange Commission sued Lachwani for defrauding investors out of $80 million while running HeadSpin, a digital platform that … somoag districtWebJan 31, 2024 · The Securities and Exchange Commission settled fraud charges against HeadSpin without penalizing the software company, saying it took aggressive action to repay harmed investors after it learned its founder was inflating the company’s annual recurring revenue (ARR) and other metrics. small craft shelfWebNov 15, 2024 · Money ordered in SEC actions, comprising civil penalties, disgorgement, and pre-judgment interest, totaled $6.439 billion, the most on record in SEC history and up from $3.852 billion in fiscal year 2024. Of the total money ordered, civil penalties, at $4.194 billion, were also the highest on record. small crafts for adultsWebAug 26, 2024 · The U.S. Securities and Exchange Commission said Manish Lachwani, 45, engaged in a fraudulent scheme that helped HeadSpin raise approximately $80 million from investors in Series B and Series C fundraising rounds between 2024 and 2024. small craft shelvesWebJan 28, 2024 · SEC rewards technology company’s remediation efforts with penalty-free settlement On January 28 2024, the US securities and Exchange Commission … small crafts for menWebJan 28, 2024 · SEC rewards technology company’s remediation efforts with penalty-free settlement On January 28 2024, the US securities and Exchange Commission announced that it had settled fraud charges with HeadSpin, Inc., a mobile application developer headquartered in California, without imposing any penalty on the company. small craft shopsWebJan 28, 2024 · Silicon Valley-based tech company HeadSpin’s significant remedial actions in response to its chief executive’s alleged fraudulent behavior helped it settle charges … small craft shops near me