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E-Commerce / Online Marketing / Private Equity / Venture Capital

StockX raises $275M in latest funding round, company valued at $2.8B

DETROIT—Officials at StockX, the online market for a wide variety of goods, announced that the company has raised $275 million in a Series E funding round, the largest venture capital …

Construction Equipment / Stock Offering

Alta Equipment files for offering of preferred stock

NOVI—Alta Equipment Group Inc., (NYSE: ALTG), the provider of industrial and construction equipment and services, announced it has filed a registration statement on Form S-1/A with the U.S. Securities and …

Coronavirus / Customer Experience / Travel and Tourism

Airline passenger experience improves, hotels struggle: ACSI

ANN ARBOR—The latest customer experience data from the American Customer Satisfaction Index shows mixed results during the pandemic for travel industries, including airlines, hotels, car rentals, and online travel agencies. …

Coronavirus / Health Insurance

HAP extends zero cost COVID-19 cost share through March 31

DETROIT—Health Alliance Plan, the Michigan-based nonprofit health insurer, will continue to waive all member cost-sharing for the testing and treatment of COVID-19 through March 31, 2021. HAP members who are tested …

Autonomous Vehicles / Connected Vehicles / University Research

Foresight, UM partner on vision systems for autonomous vehicles

ANN ARBOR—Foresight Autonomous Holdings Ltd. (Nasdaq: FRSX), the automotive vision systems developer based in Ness Ziona, Israel, announced today that it would join the University of Michigan’s TechLab at Mcity …

Manufacturing / Networking

NAI names ‘director of operational excellence’

TROY—NAI, A designer and manufacturer of custom interconnect products for power and data,  announced the appointment of Delice Javalera as director of operational excellence, a new position. In this role, …

Pharmaceuticals

Esperion appoints new COO; commercial officer leaves

ANN ARBOR—Esperion Therapeutics Inc. has named veteran cardiovascular pharmaceutical industry executive Sheldon Koenig as its chief operating officer. Koenig will report to president and CEO Tim M. Mayleben. In this …

Coronavirus / Small Business

Application for Pure Michigan Small Business Relief Initiative now live

LANSING—Michigan-based small businesses that have been impacted by the COVID-19 virus may submit their applications for grants of up to $15,000 through the Pure Michigan Small Business Relief Initiative, which …

Advanced Manufacturing / Workforce Development

LIFT offers certification to Michigan National Guard and Reserve members

DETROIT—LIFT, the Detroit-based, Department of Defense-supported manufacturing innovation institute, today announced its “Operation Next” advanced manufacturing certification program is being made available to members of the Michigan National Guard and …

Acquisitions / Food Industry / Manufacturing

TriMas closes acquisition

BLOOMFIELD HILLS—Officials at TriMas Corp. (NASDAQ: TRS) announced the completion of its previously announced acquisition of Affaba & Ferrari, an Italian designer and manufacturer of closures for food and beverage …

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