Deals

Anavex Life Sciences Raises $10M in Conv Debt Deal at 33% Discount via Maxim

By |

Anavex Life Sciences Corporation (AVXL) announced that it has raised $10,000,000 in a Convertible Debentures transaction. The fixed conversion price of the Convertible Debentures is $0.30 per share, an approximate 33.33% discount to the market price ($0.45) of AVXL at deal announcement. A series of 33,300,000 60-Month Warrants with an exercise price of $0.30 per share (33.33% discount) were issued to the investors in this transaction. An additional series of 33,300,000 60-Month Warrants with an exercise price of $0.42 per share (6.677% discount) were issued to the investors in this transaction. Maxim Group LLC acted as the exclusive agent on the transaction.

Deals

Omeros Closes $35M CMPO at 7% Discount via Cowen-led Syndicate

By |

Omeros Corporation (OMER) announced that it has raised $35,000,009 in a CMPO/Overnight transaction. The common stock was sold at $11.50 per share, an approximate 7% discount to the market price ($12.30) of OMER at deal announcement. Cowen and Company acted as the Sole Book-Runner, Wedbush PacGrow Life Sciences acted as Co-Lead Manager with Needham & Company, Maxim Group, WBB Securities, and MLV & Co. LLC acting as Co-Managers on the transaction. The offering is expected to close on or about March 19, 2014, subject to the satisfaction of customary closing conditions.

Deals

Flux Power Raises $1.4M near Market from Esenjay Investments

By |

Flux Power Holdings, Inc. (FLUX) announced that it has raised $1,394,000 in a Units (Common Stock + Warrants) transaction. The common stock was sold at $0.06 per share, an approximate 2% discount to the market price ($0.06) of FLUX at deal announcement. A series of 11,616,667 60-Month Warrants with an exercise price of $0.20 per share (227.33% premium) was issued to the investors in this transaction. Security Research Associates, Inc. acted as the exclusive agent on the transaction. The investors include Esenjay Investments LLC.