Deals

1347 Capital Corp Tops Up IPO with $1.8M PIPE

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1347 Capital Corporation (TFSC) announced that it has raised $1,800,000 in a Units (Common Stock + Warrants) transaction. The common stock was sold at $10.00 per share. A series of 90,000 60-Month Warrants with an exercise price of $11.50 per share were issued to the investors in this transaction. An additional series of 600,000 84-Month Warrants with an exercise price of $15.00 per share were issued to the investors in this transaction. Issuer counsel was McDermott, Will & Emery.

Deals

Marathon Patent Group Raises $6.5M in Conv Preferred Deal

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Marathon Patent Group Inc. (MARA) announced that it has raised $6,500,000 in a Convertible Preferred Stock transaction. The fixed conversion price of the Convertible Preferred Stock is $6.50 per share, an approximate 9.47% discount to the market price ($7.18) of MARA at deal announcement. A series of 250,000 24-Month Warrants with an exercise price of $7.50 per share (a 4.46% premium) was issued to the investors in this transaction. Laidlaw & Company acted as the exclusive agent on the transaction. via PlacementTracker.

Deals

Immunomedics Closes $30M CMPO at 19% Discount via Wells Fargo, Jefferies

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Immunomedics, Inc. (IMMU) announced that it has raised $30,150,000 in a CMPO/Overnight transaction. The common stock was sold at $3.35 per share, an approximate 19% discount to the market price ($4.14) of IMMU at deal announcement. Wells Fargo Securities and Jefferies & Company acted as Joint Book-Running Managers on the transaction. Underwriter counsel was Goodwin Procter and issuer counsel was DLA Piper. The transaction is expected to close on May 7, 2014.