Deals

Banro Corp. Raises $40M in Conv Preferred Deal from Gramercy Funds

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Banro Corporation (BAA) announced that it has raised $40,000,000 in a Convertible Preferred Stock transaction. The fixed conversion price of the Convertible Preferred Stock is $0.73 per share, an approximate 12.51% premium to the market price ($0.65) of BAA at deal announcement. The investors include Gramercy Funds Management LLC. Note this Placement is subject to customary closing conditions and is expected to close by the end of February

via PlacementTracker.

Deals

Egalet Corp. Raises $15M from Shionogi & Co. after IPO

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Egalet Corporation (EGLT) announced that it has raised $15,000,000 in a Common Stock transaction. The common stock was sold at $12.00 per share. The investor was Shionogi & Company, Limited. The transaction closed on February 11, 2014. This Placement is part of a $65,400,000 financing.

Deals

StealthGas Raises $33M in RDO Underwritten by Global Hunter

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StealthGas, Inc. (GASS) announced that it has raised $32,999,998 in an Underwritten Registered Direct transaction. The common stock was sold at $9.71 per share. Global Hunter Securities acted as Sole Underwriter on the transaction. Underwriter counsel was Proskauer Rose and issuer counsel was Morgan, Lewis & Bockius and Reeder & Simpson. The transaction is expected to close on February 14, 2014.

Deals

BIOLASE Raises $5M from Oracle Investment Mgt.

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BIOLASE, Inc. (BIOL) announced that it has raised $4,999,999 in a Common Stock transaction. The common stock was sold at $2.57 per share. Northland Securities acted as the exclusive agent on the transaction. The investor was Oracle Investment Management. Issuer counsel was Willkie, Farr & Gallagher.