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CHICAGO–(BUSINESS THREAD)–Coraa financial technology company that caters exclusively to college students, announced that it has reached 100,000 active users on its Budgeting tool from Kora Insights1. This milestone comes as students across the US struggle with rising college costs and associated living expenses. “It’s encouraging to see so many members of Generation Z being proactive about their personal finances and taking the initiative to become more financially literate,” said Hao Liu, CEO of Kora. “Gen Z has realized that if they’re going to experience the same or better lifestyles than their parents and grandparents, they need to start budgeting and…

by Joe Panettieri • August 9, 2022 from Avaya The audit committee is investigating a whistleblower’s allegations, according to one SEC file – although the matter appears to be separate from a major Avaya revenue shortfall that the board is also investigating. Among the main conclusions of the August 9, 2022 presentation: Avaya “may not, without undue effort and expense, file its quarterly report on Form 10-Q for the fiscal quarter ended June 30, 2022 (the “Form 10-Q”).” The audit committee of Avaya’s board has “initiated an internal investigation to review the circumstances surrounding the company’s financial results for the…

BOSTON–(BUSINESS THREAD)–908 Devices Inc. (Nasdaq: MASS), a pioneer in portable and desktop mass spectrometry devices designed for chemical and biomolecular analysis, today reported financial results for the quarter ended June 30, 2022. “We are pleased with our performance in the first half of 2022, in which our revenue grew 40%, including desktop revenue growth of 52%. I am encouraged by the continued enthusiasm we are seeing in our end markets for real-time analytics at the point of need,” said Kevin J. Knopp, CEO and co-founder. “Excitingly, we have acquired TRACE Analytics, which provides us with aseptic bioreactor sampling and online…

Tech investors are waiting to see if US House Speaker Nancy Pelosi’s historic visit to Taiwan will trigger a cascading response from China. While the likely short-term outcome is more troubling, the potential trip serves as a reminder of the significant risk Taiwan poses to the U.S. tech sector. Most of the world’s advanced chips are made in Taiwan. Pelosi landed in Taipei on Aug. 2, making her the first female speaker to visit Taiwan since Newt Gingrich in 1997. So far, China has reacted to the trip by banning some Taiwanese imports and conducting live-fire military exercises in around…

CLEARWATER, Fla.–(BUSINESS THREAD)–MarineMax, Inc. (NYSE: HZO), the world’s largest retailer of recreational boats and yachts, today announced the completion of $1.35 billion in aggregate financing commitments. MarineMax completed the $1.35 billion senior secured credit facilities (the “Credit Facilities”) consisting of the following: $750 million plant line of credit (the “Plant Facility”) to finance inventory, which replaces an existing $500 million plant facility. $400 million term loan (the “Term Loan”) to finance IGY Marinas (“IGY”). the previously announced acquisition of a $100 million revolving credit facility (the “Revolver”); and $100 million deferred mortgage (the “Mortgage Facility”) Proceeds from the credit facilities…