Deals

Baxano Surgical Raises $10M via Conv Debt Deal at 20% Discount via Piper Jaffray, Stifel

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Baxano Surgical, Inc. (BAXS) announced that it has raised $10,000,000 in a Convertible Subordinated Debentures transaction. The fixed conversion price of the Convertible Subordinated Debentures is $1.06 per share, an approximate 20.3% discount to the market price ($1.33) of BAXS at deal announcement. A series of 9,428,000 36-Month Warrants with an exercise price of $1.19 per share (10.53% discount) was issued to the investors in this transaction. Piper Jaffray acted as Lead Placement Agent with Stifel Nicolaus Weisel as Co-Agent on the transaction. via PlacementTracker.

Deals

MRI Interventions Raises $3.5M in Conv Debt Deal

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MRI Interventions Inc. (MRIC) announced that it has raised $3,550,000 in a Non-Convertible Promissory Notes transaction. The securities accrue interest at a rate of 12%. A series of 1,065,000 60-Month Warrants with an exercise price of $1.75 per share (31.6% premium) was issued to the investors in this transaction. Issuer counsel was Baker & Hostetler, LLP. The transaction closed on March 07, 2014.

Deals

OvaScience Closes $50M CMPO at 12% Discount via Leerink Swann-led Syndicate

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OvaScience, Inc. (OVAS) announced that it has raised $50,000,000 in a CMPO/Overnight transaction. The common stock was sold at $10.00 per share, an approximate 12% discount to the market price ($11.36) of OVAS at deal announcement. Leerink Swann acted as Sole Book-Running Manager with Cantor Fitzgerald, H.C. Wainwright, JMP Securities, Ladenburg Thalmann, and Roth Capital Partners as Co-Managers on the transaction. The investors included Longwood Fund. Underwriter counsel was Goodwin Procter and issuer counsel was Mintz, Levin, Cohn, Ferris, Glovsky & Popeo.

Deals

Cannabis-Rx Raises $4M in Notes Deal

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Cannabis-Rx Inc. (CANA) announced that it has raised $4,000,000 in a Non-Convertible Promissory Notes transaction. The securities accrue interest at a rate of 5%. The transaction closed on February 19, 2014. via PlacementTracker.