Deals

MeeMee Media Raises $1M in Equity-linked Notes from KF Business Ventures

By |

MeeMee Media, Inc. (MEME) announced that it has raised $1,000,000 in a Non-Convertible Secured Promissory Notes transaction. The securities accrue interest at a rate of 12%. A series of 3,000,000 60-Month Warrants with an exercise price of $0.50 per share (15.11% discount) was issued to the investors in this transaction. The investor was KF Business Ventures LP. The transaction closed on February 12, 2014.

Deals

Paragon Shipping Closes $37M CMPO at 15% Discount via Jefferies, Maxim

By |

Paragon Shipping Inc. (PRGN) announced that it has raised $36,875,000 in a CMPO/Overnight transaction. The common stock was sold at $6.25 per share, an approximate 15% discount to the market price ($7.32) of PRGN at deal announcement. Jefferies & Company acted as Sole Book-Runner and Maxim Group acted as Lead Manager on the transaction. Underwriter counsel was Gibson, Dunn & Crutcher, LLP and issuer counsel was Seward & Kissel LLP. The transaction is expected to close by 02/18/2014.

Deals

Manhattan Scientifics Raises $1.4M at 7% Premium

By |

Manhattan Scientifics, Inc. (MHTX) announced that it has raised $1,368,750 in a Common Stock transaction. The common stock was sold at $0.08 per share, an approximate 7% premium to the market price ($0.07) of MHTX at deal announcement. A series of 4,562,500 60-Month Warrants with an exercise price of $0.08 per share (7.14% premium) was issued to the investors in this transaction. This Placement funded in two tranches. The first tranche of $1,125,000 funded on 02/04/2014 and the second tranche of $243,750 funded on 02/10/2014.

Deals

DARA BioSciences Raises $6M in RDO at 4% Premium via Ladenburg

By |

DARA BioSciences, Inc. (DARA) announced that it has raised $5,990,375 in a Registered Direct transaction. The common stock was sold at $2.77 per share, an approximate 4% premium to the market price ($2.65) of DARA at deal announcement. A series of 2,166,501 60-Month Warrants with an exercise price of $2.64 per share (0.38% discount) was issued to the investors in this transaction. Ladenburg Thalmann acted as the exclusive agent on the transaction. Placement Agent counsel was Ellenoff Grossman & Schole and issuer counsel was Lowenstein Sandler.