Deals

Highpower International Raises $5M in RDO at 12% Discount via Ardour Capital

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Highpower International, Inc. (HPJ) announced that it has raised $5,050,000 in a Registered Direct transaction. The common stock was sold at $5.05 per share, an approximate 12% discount to the market price ($5.75) of HPJ at deal announcement. A series of 500,000 36-Month Warrants with an exercise price of $6.33 per share (10.09% premium) was issued to the investors in this transaction. Ardour Capital Investments acted as the exclusive agent on the transaction. Placement Agent counsel was Ellenoff Grossman & Schole and issuer counsel was Manatt, Phelps & Phillips.

Deals

Synta Pharmaceuticals Raises $5M in RDO at Market from Insiders

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Synta Pharmaceuticals Corporation (SNTA) announced that it has raised $5,012,500 in a Registered Direct transaction. The common stock was sold at $4.01 per share, the market price ($4.01) of SNTA at deal announcement. Warrants were not disclosed. The investor was KFO Holdings LLC, an entity affiliated with one of Synta’s directors and its largest stockholder. Issuer counsel was Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, PC.

Deals

BioPharmX Raises $1.5M in Conv Preferred Deal

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BioPharmX Corporation (BPMX) announced that it has raised $1,500,000 in a Convertible Preferred Stock transaction. The fixed conversion price of the Convertible Preferred Stock is $1.85 per share. A series of 405,406 0-Month Warrants with an exercise price of $3.70 per share was issued to the investors in this transaction. The transaction closed on 04/11/2014. via PlacementTracker.

Deals

Ener-Core Raises $4.6M in Conv Notes Deal from Hudson Bay

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Ener-Core, Inc. (ENCR) announced that it has raised $4,575,000 in a Convertible Senior Secured Notes transaction. The fixed conversion price of the Convertible Senior Secured Notes is $0.67 per share. A series of 4,097,016 60-Month Warrants with an exercise price of $0.78 per share (16.42% premium) was issued to the investors in this transaction. Roth Capital Partners acted as the exclusive agent on the transaction. The investment was led by Hudson Bay Master Fund Limited.