Deals

Milestone Scientific Raises $7M in Conv Preferred Stock at 82% Premium

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Milestone Scientific Inc. (MLSS) announced that it has raised $7,000,000 in a Convertible Preferred Stock transaction. The fixed conversion price of the Convertible Preferred Stock is $2.55 per share, an approximate 81.79% premium to the market price ($1.40) of MLSS at deal announcement. The investor was BP4 S.p.A.. Issuer counsel was Golenbock Eiseman Assor Bell & Peskoe and investor counsel was Goodwin Procter, LLP. Note that the Placement will become null and void without liability for any purchaser unless $10 million has been raised and the transaction closed by May 15, 2014.

Deals

Cosi Raises $5M in Equity-linked Notes from Milfam II

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Cosi, Inc. (COSI) announced that it has raised $5,000,000 in a Non-Convertible Senior Secured Promissory Notes transaction. The securities accrue interest at a rate of 9%. A series of 1,100,000 36-Month Warrants with an exercise price of $0.01 per share (99.16% discount) was issued to the investors in this transaction. The investor was Milfam II, L.P.. Investor counsel was Andrews Kurth LLP.

Deals

Kuboo Raises $1M

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Kuboo, Inc. (SGTB) announced that it has raised $1,000,000 in a Common Stock transaction. Further details have yet to be disclosed. via PlacementTracker.

Deals

GAWK Raises $3.3M in Conv Preferred Deal

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GAWK Inc. (GAWK) announced that it has raised $3,300,000 in a Convertible Preferred Stock transaction. The fixed conversion price of the Convertible Preferred Stock is $0.2536 per share, an approximate 1.45% premium to the market price ($0.25) of GAWK at deal announcement. The investor was an individual. The Agreement was reached on April 10, 2014. via PlacementTracker.