Growth Capitalist (https://growthcapitalist.com/author/bgoets/page/57/)
Banro Corp. (BAA), a Canadian-based operator of Congolese gold mines, will receive up to $98.75 million from an equity private placement, term loan and gold-streaming deal, allowing the company to make payments on gold forward sale agreements, a bank loan nearing maturity and other obligations.
Ekso Bionics Holdings (EKSO), a developer of wearable robotic gear used to rehabilitate paralyzed people, is raising $15 million in a private placement of convertible preferred stock and warrants to fund clinical trials and sales and marketing efforts. The company said in a statement on Christmas Eve that it entered into a definitive agreement for the financing with a group of healthcare-focused institutional investors. They agreed to buy preferred stock that will convert into common shares at $1.01 each, which was a 12.2% discount to where Ekso shares were trading when the deal was announced. Ekso fell 17 cents, or 13.5%, to $1.09 on Monday, Dec. 28, after the holiday weekend.
Shares of NeuroMetrix Inc. (NURO), a maker of wearable medical devices and diagnostic tests, fell after the company announced a private placement of $13.8 million in convertible preferred stock and warrants.
The Securities and Exchange Commission plans to propose new rules for securities transfer agents that would require more disclosure and standardized, written agreements between the agents and securities issuers, among other things.
