Deals

Alimera Sciences Raises $37.5M Priced near Market via Cowen

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Alimera Sciences Inc. (ALIM) announced that it has raised $37,500,000 in a Common Stock transaction. The common stock was sold at $6.00 per share, an approximate 3% discount to the market price ($6.16) of ALIM at deal announcement. Cowen and Company, LLC acted as the exclusive agent on the transaction. Issuer counsel was Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP and Goodwin Procter acted as agent counsel. The private placement is subject to customary closing conditions and is expected to close by 01/31/2014.

Deals

Euroseas Ltd. Raises $30.7M in Conv Preferred Deal from Tennenbaum Partners, Preferred Friends Investment

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Euroseas Limited (ESEA) announced that it has raised $30,700,000 in a Convertible Preferred Stock transaction. The fixed conversion price of the Convertible Preferred Stock is $1.45 per share, an approximate 15.08% premium to the market price ($1.26) of ESEA at deal announcement. RMK Maritime acted as Financial Advisor on the transaction. The investors were Tennenbaum Capital Partners, LLC and Preferred Friends Investment Company Inc. Issuer counsel was Seward & Kissel LLP. Note this Placement is subject to customary closing conditions and is expected to close by 01/29/2014.

Deals

Selectica Raises $8.7M in PIPE at 11% Discount from Cannell Capital, Special Situations Funds, Others

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Selectica, Inc. (SLTC) announced that it has raised $8,676,450 in a Common Stock transaction. The common stock was sold at $6.00 per share, an approximate 11% discount to the market price ($6.74) of SLTC at deal announcement. A series of 4,338,225 60-Month Warrants with an exercise price of $7.00 per share (3.86% premium) was issued to the investors in this transaction. Lake Street Capital Markets, LLC acted as the exclusive agent on the transaction. The investors include Cannell Capital LLC, Special Situations Funds, Technology Opportunity Partners, LP, and Weber Capital Management, LLC.

Deals

VantageSouth Bancshares Raises $47M to Finance Merger

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VantageSouth Bancshares, Inc. (VSB) announced that it has raised $46,900,000 in a Common Stock transaction. The purchase price and further details have yet to be disclosed. The transaction is expected to close by 01/31/2014. Note that this Placement will occur in conjunction with the merging of the Company and Yadkin Financial Corporation (YDKN). via PlacementTracker.