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Finjan Secures $10.2M Preferred Stock Financing

Cybersecurity company Finjan has secured a $10.2 million Series A Preferred Stock financing in a private placement transaction led by Halcyon Long Duration Recoveries Investments I, an affiliate of both funds managed by Halcyon Long Duration Recoveries Management and its affiliates and Soryn IP Group. B. Riley & Company acted as placement agent for the transaction. Morgan, Lewis & Bockius acted as legal counsel to B. Riley.

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Island raises $175M

Dallas, Texas-based enterprise browser company Island raised $175 million in Series D funding, raising the company's valuation to $3 billion.

Binance founder Changpeng ‘CZ’ Zhao sentenced to 4 months in prison — Gizmodo

Zhao pleaded guilty to money laundering violations as part of Binance’s agreement with the United States Department of Justice, writes Maxwell Zeff in Gizmodo.