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Karma Realigns, Cuts Staff as Plans Change

AUTOMOTIVE: Aspirations now go beyond manufacturingSeven months after announcing a refueled and revamped business plan, Karma Automotive LLC is downsizing its workforce and once again tweaking its business model—moves that underscore the uphill battle the fledgling luxury electric automaker faces.

Axonics in $101M Offering

Axonics Modulation Technologies Inc. (Nasdaq: AXNX) in Irvine priced 5 million shares of common stock at $22 a share.

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ClearFlow Study: Blood Flow Boost

Irvine-based ClearFlow said a clinical trial on its PleuraFlow ACT system showed one-third fewer cardiac complications after surgery.

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Hyundai Ad in Super Bowl

Hyundai Motor America confirmed it will again advertise during the Super Bowl.

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Karma Unwraps SC2 Concept, Revero GTS

Irvine automaker Karma Automotive revealed on Tuesday a new concept car and 2020 Revero GTS during the Los Angeles Auto Show.

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Kanvas Skirts App Store

A cannabis products supplier led by OC serial entrepreneur Andy Fathollahi is offering an approach to vaping that skirts some recent restrictions on the practice.

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Tyvak in NASA Moon Program

Irvine-based nano-satellite company Tyvak said it will provide a moon lander for NASA’s Commercial Lunar Payload Services program.

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Salas O’Brien Buys Again

Santa Ana engineering firm Salas O’Brien bought RMS Engineers in Richardson, Texas, on undisclosed terms. RMS does heavy industrial consulting in Texas for chemical; oil and gas; paper and pulp; and mining companies.

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Karma Names Head of Silicon Valley Office, Autonomous Driving

Karma Automotive hired an executive to lead its new Silicon Valley office and its autonomous driving program.

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Mission Critical Buys Again

Huntington Beach-based Mission Critical Electronics bought Purkeys Fleet Electric in Arkansas.

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NextGen Buying Patient Platform

Irvine-based NextGen will buy North Carolina-based Medfusion Inc. for $43 million in cash.

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St. John Seeks Relaunch Under New Creative Director

Irvine luxury knitwear label St. John said a new capsule collection and social media campaign reflects a relaunch of the brand under recently hired creative director Zoe Turner.

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Former Toyota Racing Manager Jumps to Mazda Motorsports

Irvine-based Mazda North American Operations said it named Nelson Cosgrove as director of its Mazda Motorsports division.

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Spireon Tracks Trailers for Truckers

Irvine-based Spireon Inc. said a new set of tools under its Intelligent Trailer Management product portfolio can help logistics providers and trucking fleets track and care for trailers and cargo.

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Streetwear Growing Up

Apparel makers talked the merits—and future—of streetwear at the recently concluded ComplexCon.

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Veritone Revenue Up 70%

Veritone Inc. (Nasdaq: VERI) in Costa Mesa, a provider of artificial intelligence technology, said third quarter revenue rose 70% year-over-year to $12.8 million while its net loss narrowed to $14.2 million from $15.9 million.

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