Deals

Rentech Raises $100M in Conv Preferred Deal from GSO Capital

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Rentech, Inc. (RTK) announced that it has raised $100,000,000 in a Convertible Preferred Stock transaction. The fixed conversion price of the Convertible Preferred Stock is $2.22 per share, an approximate 22.65% premium to the market price ($1.81) of RTK at deal announcement. Credit Suisse Securities (USA) LLC acted as Financial Advisor on the transaction. The investor was GSO Capital Partners LP. Issuer counsels were Holland & Hart and Latham & Watkins.

Deals

Ohr Pharmaceutical Raises $18M in RDO at 17% Discount via Chardan, Brean

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Ohr Pharmaceutical, Inc. (OHRP) announced that it has raised $18,000,000 in a Registered Direct transaction. The common stock was sold at $10.00 per share, an approximate 17% discount to the market price ($12.03) of OHRP at deal announcement. Chardan Capital Markets acted as Lead Agent and Brean Capital acted as Co-Agent on the transaction. Placement Agent counsel was Ellenoff Grossman & Schole and issuer counsel was Hahn & Hessen, LLP. The transaction is expected to close by 04/11/2014.

Deals

Casey Container Corp. Raises $5M in Equity

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Casey Container Corporation (CSEY) announced that it has raised $5,000,000 in a Common Stock transaction. The purchase price was not disclosed. The closing is expected to occur between mid-May to mid-June 2014. This Placement is part of a $10 million financing. The other $5 million was funded in the form of Notes.

Deals

World Moto Raises $1M in Toxic Variable Convert Deal

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World Moto Inc. (FARE) announced that it has raised $1,000,000 in a Self-Amortizing Convertible Debentures transaction. The Securities are convertible into shares of common stock of the Company at any time at the discretion of the Investors at a conversion price equal to the lesser of i) $0.10 or ii) 70% of the lowest traded price per share of the common stock during the 25 trading days prior to the date of conversion. Issuer counsel was Greenberg Traurig, LLP. This Placement will fund in two tranches. The first tranche of $500,000 funded on 04/04/2014 and the second tranche of $500,000 will fund after the effectiveness of the Registration Statement.