Growth Capitalist (https://growthcapitalist.com/author/moriarty/page/162/)
WidePoint Corporation (WYY) announced that it has raised $10,869,566 in a CMPO/Overnight transaction. The common stock was sold at $1.38 per share, an approximate 9% discount to the market price ($1.52) of WYY at deal announcement. B. Riley & Co. acted as Underwriter on the transaction. Underwriter counsel was Troutman Sanders, LLP and issuer counsel was Foley & Lardner.
Inovio Pharmaceuticals, Inc. (INO) announced that it has raised $55,001,400 in a CMPO/Overnight transaction. The common stock was sold at $2.90 per share, an approximate 22% discount to the market price ($3.70) of INO at deal announcement. Piper Jaffray and Stifel Nicolaus Weisel acted as Book-Runners with Brean Capital and Maxim Group acting as Co-Managers on the transaction. Underwriter counsel was Dechert, LLP and issuer counsel was Duane Morris, LLP. The transaction is expected to close by 03/04/2014.
Avino Silver & Gold Mines (ASM) announced that it has raised $4,999,998 in a Registered Direct transaction. The common stock was sold at $2.42 per share, an approximate 7% discount to the market price ($2.60) of ASM at deal announcement. A series of 1,033,058 36-Month Warrants with an exercise price of $2.87 per share (10.38% premium) was issued to the investors in this transaction. Noble Financial Group acted as the exclusive agent on the transaction. Placement Agent counsel was Greenberg Traurig, LLP and issuer counsel was Salley Bowes Harwardt LC and Weintraub Tobin Chediak Coleman Grodin.
Dehaier Medical Systems Limited (DHRM) announced that it has raised $6,700,464 in a Registered Direct transaction. The common stock was sold at $9.12 per share, an approximate 24% discount to the market price ($11.95) of DHRM at deal announcement. A series of 220,410 42-Month Warrants with an exercise price of $11.86 per share (0.75% discount) was issued to the investors in this transaction. FT Global Capital acted as the exclusive agent on the transaction. Placement Agent counsel was Schiff Hardin & Waite and issuer counsel was Kaufman & Canoles.
