Deals

Wet Seal Raises $27M in Self-Amortizing Notes Deal from Hudson Bay Master Fund

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Wet Seal, Inc. (The) (WTSL) announced that it has raised $27,000,000 in a Self-Amortizing Convertible Senior Notes transaction. The fixed conversion price of the Convertible Senior Notes is $1.84 per share, an approximate 5.14% premium to the market price ($1.75) of WTSL at deal announcement. A series of 8,804,348 60-Month Warrants with an exercise price of $2.12 per share (21.14% premium) was issued to the investors in this transaction. Cowen and Company, LLC acted as the exclusive agent on the transaction. The investor was Hudson Bay Master Fund Limited.

Deals

Barfresh Food Group Raises $2.5M near Market from Lazarus Investment Partners

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Barfresh Food Group Inc. (BRFH) announced that it has raised $2,500,000 in a Common Stock transaction. The common stock was sold at $0.50 per share, an approximate 3% discount to the market price ($0.51) of BRFH at deal announcement. A series of 2,500,000 36-Month Warrants with an exercise price of $0.60 per share (16.71% premium) was issued to the investors in this transaction. The Investors include members of the Company's management and Lazarus Investment Partners. The transaction closed on March 21, 2014.

Deals

Novabay Pharmaceuticals Closes $6.7M CMPO at 5% Discount via Laidlaw

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Novabay Pharmaceuticals Inc. (NBY) announced that it has raised $6,720,000 in a CMPO/Overnight transaction. The common stock was sold at $1.20 per share, an approximate 5% discount to the market price ($1.26) of NBY at deal announcement. A series of 1,400,000 18-Month Warrants with an exercise price of $1.56 per share (23.81% premium) was issued to the investors in this transaction. Laidlaw & Company (UK) Ltd. acted as Sole Book-Runner on the transaction.

Deals

RadiSys Closes $19.3M CMPO at 13% Discount via Needham, D.A. Davidson

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RadiSys Corporation (RSYS) announced that it has raised $19,380,000 in a CMPO/Overnight transaction. The common stock was sold at $3.40 per share, an approximate 13% discount to the market price ($3.89) of RSYS at deal announcement. Needham & Company, LLC acted as Sole Book-Running Manager and D.A. Davidson & Co. acted as Co-Manager on the transaction. Underwriter counsel was Nixon Peabody, LLP and issuer counsel was Stoel Rives, LLP.