Growth Capitalist (https://growthcapitalist.com/author/moriarty/page/103/)
Bay Bancorp, Inc. (BYBK) announced that it has raised $6,999,999 in a Common Stock transaction. The common stock was sold at $4.92 per share, an approximate 2% discount to the market price ($5.02) of BYBK at deal announcement. The investors include Financial Services Partners Fund I, LLC. Issuer counsel was Gordon Feinblatt LLC. The transaction closed on May 15, 2014.
Enerpulse Technologies, Inc. (ENPT) announced that it has raised $4,000,000 in an Underwritten Registered Direct transaction. The common stock was sold at $0.80 per share. A series of 7,500,000 Warrants with an exercise price of $0.96 per share was issued to the investors in this transaction. Roth Capital Partners, LLC and Northland Securities, Inc. acted as underwriters on the transaction. Note this Placement is subject to customary closing conditions and is expected to close by 05/21/2014.
Sorrento Therapeutics, Inc. (SRNE) announced that it has raised $25,016,250 in a CMPO/Overnight transaction. The common stock was sold at $5.25 per share, an approximate 22% discount to the market price ($6.70) of SRNE at deal announcement. Aegis Capital Corporation acted as Book-Runner on the transaction. Underwriter counsel was Reed Smith, LLP and issuer counsel was Sichenzia Ross Friedman Ference, LLP. Note this Placement is subject to customary closing conditions and is expected to close by 05/20/2014.
Genius Brands International, Inc. (GNUS) announced that it has raised $6,000,000 in a Convertible Preferred Stock transaction. The fixed conversion price of the Convertible Preferred Stock is $2.00 per share, an approximate 25.09% discount to the market price ($2.67) of GNUS at deal announcement. Chardan Capital Markets acted as the exclusive agent on the transaction. The lead investor was Wolverine Asset Management. The transaction is expected to close by 05/16/2014.
