Funding Friday: Brickell prepares to sell $50M in new stock, more SPACs launch

Welcome to Funding Friday, BizWest’s roundup of companies in Northern Colorado and the Boulder Valley kicking off fundraisers.

BizWest reports fundraisers by companies in Boulder, Broomfield, Larimer and Weld counties, as well as Brighton and Westminster through regulatory filings, press releases and other sources. Did we miss a company’s round? Email us at news@bizwest.com.

Notable rounds this week:

• Brickell Biotech Inc. (Nasdaq: BBI) said it would sell up to $50 million in new stock in an on-demand at-market-price offering. The funds are meant to bolster the company’s balance sheet as it completes two Phase III trials for its flagship anti-underarm sweating treatment in the U.S. Early data from those studies are expected at the end of the year.
• The Los Angeles-based Gores Group began trading of two new special-purpose acquisition companies out of its Boulder office Friday, seeking to raise a combined $640 million.

Other rounds (Source: SEC)

March 10: Double Helix Optics Inc., Boulder, $800,000 raised out of $2.5 million goal.

March 8: Platinum Hospitality Group LLC, Broomfield, combined $3.4 million raised in two separate rounds.

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