October 24, 2020
car

Portland Trail Blazers’ Damian Lillard enters the car dealership game

Portland Trail Blazers guard Damian Lillard has partnered with Brian Sanders to open Damian Lillard Toyota in McMinnville.

While Lillard having his name attached to a car dealership is certainly notable, the hook here is that the business seeks to reinvent the car buying experience.

The site, referred to as the “Lillard Toyota Campus,” features more than just motorized vehicles. There’s a ping pong table, several pop-a-shot hoops, and black and red decorated donuts representing Lillard’s jersey number.

“The goal was to make a car dealership that didn’t feel like a car dealership,” Sanders said.

Sanders and Lillard met during his rookie season (2012-2013) and have been friends ever since. Sanders, formerly the general manager at Dick Hannah Toyota, said he and Lillard wanted to create an environment where people wanted to hang out even if they weren’t seeking to buy a car.

During the planning process, Lillard, according to

Read More

Bicycle Therapeutics Announces Gross Proceeds of $50.0 Million from its At-the-Market Offering Program and Enters into Debt Financing from Hercules Capital

CAMBRIDGE, England & BOSTON–(BUSINESS WIRE)–Bicycle Therapeutics plc (Nasdaq: BCYC), a biotechnology company pioneering a new and differentiated class of therapeutics based on its proprietary bicyclic peptide (Bicycle®) technology, today announced that it has completed its at-the-market (ATM) offering program initiated during the third quarter, generating gross proceeds of $50.0 million. Cantor Fitzgerald & Co. and Oppenheimer & Co. Inc. acted as placement agents for the offering.

In addition, Bicycle announced that it has closed a financing with Hercules Capital, Inc. (NYSE: HTGC) for a term loan of up to $40.0 million in two tranches. Under the terms of the loan and security agreement, an initial tranche of $30.0 million will be fully available at the loan closing, with a minimum draw of $15.0 million.

“I am pleased to announce the successful utilization of our ATM program and our flexible financing with Hercules, which have further

Read More