Growth Capitalist (https://growthcapitalist.com/author/moriarty/page/112/)
Alimera Sciences Inc. (ALIM) announced that it has raised $10,000,000 in a Non-Convertible Debentures transaction. The securities accrue interest at a rate of 10.9%. A series of 285,016 Warrants with an exercise price of $6.14 per share was issued to the investor in this transaction. The investor was Hercules Technology Growth Capital. The transaction closed on April 25, 2014.
Kitara Media Corporation (KITM) announced that it has raised $6,000,000 in a Common Stock transaction. The common stock was sold at $0.55 per share, an approximate 45% discount to the market price ($1.00) of KITM at deal announcement. A series of 5,454,546 60-Month Warrants with an exercise price of $0.83 per share (17.5% discount) was issued to the investors in this transaction. Craig-Hallum Capital Group LLC acted as the exclusive agent on the transaction. This Placement is part of a $7 million financing.
Parametric Sound Corporation (HEAR) announced that it has raised $40,000,000 in a CMPO/Overnight transaction. The common stock was sold at $10.00 per share, an approximate 23% discount to the market price ($13.00) of HEAR at deal announcement. Needham & Company, LLC acted as Sole Book-Running Manager, Cowen and Company, LLC and Wedbush PacGrow Life Sciences acted as Co-Lead Managers, and Lake Street Capital Markets, LLC acted as Co-Manager on the transaction. Issuer counsel was Dechert, LLP and Snell & Wilmer, LLP and Underwriter counsel was Pillsbury, Winthrop, Shaw & Pittman, LLP. The transaction closed on April 29, 2014.
Omni Bio Pharmaceutical, Inc. (OMBP) announced that it has raised $2,000,000 in a Convertible Notes transaction. The fixed conversion price of the Convertible Notes is $0.20 per share, an approximate 42.86% discount to the market price ($0.35) of OMBP at deal announcement. A series of 1,000,000 60-Month Warrants with an exercise price of $0.25 per share (28.57% discount) was issued to the investors in this transaction. Dawson James Securities, Inc. acted as Financial Advisor on the transaction. The investor was Bohemian Investments LLC.
