Deals

Totally Green Raises $5 Million

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On August 13, 2012, Totally Green, Inc. (TLGN) announced that it has raised $5,000,000 in a Common Stock transaction. The investor was York Capital Management, LP. The Investor has also agreed to provide up to $15 million in equipment financing for the roll out of the Company's new service program. See PlacementTracker Deal Summary.  

Markets
AMRS

Patient Investors Fuel Amyris

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An emerging growth company can never have enough friends, especially when its stock price has plunged 70% since the beginning of the year and its burn rate has nearly doubled in a matter of months. But lucky for Emeryville, Calif.-based Amyris (AMRS), an alternative energy issuer that can claim the aforementioned stats, it has a lot of faithful followers, including a sheikh, a staunch venture capitalist and French behemoth Total Group. The company is developing a technology that involves reprogramming living cells like yeast to perform chemical transformations on an industrial scale. Amyris has biotechnology roots, and lately it has been spending like a biotech. It went through $154 million over five quarters ended March 31 this year, up from $85 million over the previous five quarters.

Markets

Many Sign Up But Few Sell in ATM Deals

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Small cap companies seeking to raise capital signed 33 at-the-market (ATM) PIPE agreements with placement agents in the first half of 2012, racking up an unweighted average share price decline of 10.16% in the process. (Not all agreements resulted in actual sales.) The S&P 500 gained 6.02% in the same period. While returns were inconsistent across most sectors, REITs stood out as the one group whose ATM issuers recorded positive returns for the six months ending in June. ATM offerings offer the characteristics of an ongoing secondary offering with lower costs and less paperwork than an underwritten offering or a PIPE involving restricted shares. Qualifying issuers need to have a Form S-3 registration on file with the Securities and Exchange Commission and remain mindful of S-3 expiration dates.