Growth Capitalist (https://growthcapitalist.com/author/moriarty/page/98/)
Spherix Incorporated (SPEX) announced that it has raised $20,000,000 in a Convertible Preferred Stock transaction. The fixed conversion price of the Convertible Preferred Stock is $2.00 per share, an approximate 42.2% discount to the market price ($3.46) of SPEX at deal announcement. Laidlaw & Company (UK) Ltd. acted as the exclusive agent on the transaction. Issuer counsel was Nixon Peabody, LLP.
Nuvilex Inc. (NVLX) announced that it has secured up to $50,000,000 in an ATM (At the Market) transaction. The purchase price is the prevailing market price at the time of the Draw Down Notice. Warrants were not disclosed. Chardan Capital Markets acted as the exclusive agent on the transaction. Issuer counsel was Loeb & Loeb, LLP.
Air Industries Group Inc. (AIRI) announced that it has raised $10,530,000 in a Registered Direct transaction. The common stock was sold at $9.00 per share, an approximate 17% discount to the market price ($10.84) of AIRI at deal announcement. Taglich Brothers, Inc. acted as the exclusive agent on the transaction. Issuer counsel was Eaton & Van Winkle, LLP and Placement Agent counsel was Mintz, Levin, Cohn, Ferris, Glovsky & Popeo. The transaction is expected to close by 06/03/2014.
Mountain Province Diamonds Inc. (MDM) announced that it has raised $32,200,000 in a Common Stock transaction. The common stock was sold at $4.60 per share, an approximate 0% discount to the market price ($4.61) of MDM at deal announcement. Note this Placement is subject to customary closing conditions and is expected to close by 05/28/2014. via PlacementTracker.
