Deals

Nova Lifestyle Raises $9M in RDO at 12% Discount from Cranshire, Hudson Bay, others

By |

Nova Lifestyle, Inc. (NVFY) announced that it has raised $8,950,000 in a Registered Direct transaction. The common stock was sold at $6.78 per share, an approximate 12% discount to the market price ($7.70) of NVFY at deal announcement. A series of 660,030 48-Month Warrants with an exercise price of $8.48 per share (10.13% premium) were issued to the investors in this transaction. An additional series of 633,628 6-Month Warrants with an exercise price of $6.82 per share (11.43% discount) were issued to the investors in this transaction. An additional series of 310,478 48-Month Warrants with and exercise price of $8.53 per share (10.78% premium) were issued to the investors in this transaction.

Deals

Alliqua Raises $15M at Slight Premium

By |

Alliqua Inc. (ALQA) announced that it has raised $14,975,009 in a Common Stock transaction. The common stock was sold at $7.00 per share, an approximate 3% premium to the market price ($6.79) of ALQA at deal announcement. A series of 427,857 60-Month Warrants with an exercise price of $10.50 per share (54.64% premium) was issued to the investors in this transaction. Issuer counsel was Haynes and Boone, LLP. The transaction closed on April 15, 2014.

Markets

Liberty Bell Bank Raises $3M at 9% Premium

By |

Liberty Bell Bank (LBBB) announced that it has raised $2,900,000 in a Common Stock transaction. The common stock was sold at $1.00 per share, an approximate 9% premium to the market price ($0.92) of LBBB at deal announcement. The transaction is expected to close by May 12, 2014. This Placement is part of a $5 million financing. The other $2.1 million was funded in the form of a public offering.

Deals

CEL-SCI Corp. Closes $10M CMPO at 7% Discount via Dawson James, Laidlaw

By |

CEL-SCI Corporation (CVM) announced that it has raised $9,979,521 in a CMPO/Overnight transaction. The common stock was sold at $1.40 per share, an approximate 7% discount to the market price ($1.51) of CVM at deal announcement. A series of 1,782,057 6-Month Warrants with an exercise price of $1.58 per share (4.64% premium) was issued to the investors in this transaction. Dawson James Securities, Inc. and Laidlaw & Company (UK) Ltd. acted as Joint Book-Running Managers on the transaction.