Deals

American Midstream Partners Raises $30M in Conv Preferred Deal from High Point Infrastructure Partners

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American Midstream Partners LP (AMID) announced that it has raised $30,000,000 in a Convertible Preferred Stock transaction. The investor was High Point Infrastructure Partners, LLC. Issuer counsel was Holland & Hart, LLP. Note that the Company consists of common units, Series A Units, and Series B PIK Units. The securities sold in this Placement consisted of Series B PIK Units that are convertible into common units of the Company 2 years following the Closing.

Deals

Cytori Therapeutics Raises $10M in RDO at Market via WBB Securities

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Cytori Therapeutics, Inc. (CYTX) announced that it has raised $10,000,002 in a Units (Common Stock + Warrants) Registered Direct transaction. The common stock was sold at $2.47 per share, an approximate 1% discount to the market price ($2.49) of CYTX at deal announcement. A series of 4,048,584 60-Month Warrants with an exercise price of $3.00 per share (20.48% premium) was issued to the investors in this transaction. WBB Securities, LLC acted as the exclusive agent on the transaction. Placement Agent counsel was Eilenberg & Krause, LLP and issuer counsel was DLA Piper.

Deals

Glu Mobile Closes $30M CMPO at 14% Discount via Cowen, Stifel

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Glu Mobile Inc. (GLUU) announced that it has raised $30,012,500 in a CMPO/Overnight transaction. The common stock was sold at $3.50 per share, an approximate 14% discount to the market price ($4.06) of GLUU at deal announcement. Cowen and Company and Stifel Nicolaus Weisel acted as Book-Runners with Needham & Company and Northland Securities acting as Co-Managers on the transaction. Underwriter counsel was DLA Piper and issuer counsel was Fenwick & West. The transaction is expected to close by 06/04/2014.

Deals

Advanced Photonix Raises $2.8M in RDO at 16% via B. Riley

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Advanced Photonix, Inc. (API) announced that it has raised $2,857,391 in a Registered Direct transaction. The common stock was sold at $0.53 per share, an approximate 16% discount to the market price ($0.63) of API at deal announcement. B. Riley & Co. acted as agents on the transaction. Issuer counsel was Dornbush Schaeffer Strongin & Weinstein, LLP.