Deals

Be Active Holdings Raises $1M at 83% Discount

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Be Active Holdings Inc. (JALA) announced that it has raised $1,000,000 in a Common Stock transaction. The common stock was sold at $0.03 per share, an approximate 83% discount to the market price ($0.17) of JALA at deal announcement. A series of 59,999,999 60-Month Warrants with an exercise price of $0.03 per share (82.76% discount) was issued to the investors in this transaction. Issuer counsel was Sichenzia Ross Friedman Ference. The transaction closed on February 18, 2014.

Deals

Cannabis Science Raises $1M at 32% Premium

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Cannabis Science Inc. (CBIS) announced that it has raised $1,000,000 in a Units (Common Stock + Warrants) transaction. The common stock was sold at $0.25 per share, an approximate 32% premium to the market price ($0.19) of CBIS at deal announcement. A series of 27,778 12-Month Warrants with an exercise price of $0.50 per share (163.16% premium) was issued to the investors in this transaction. via PlacementTracker.

Deals

dELiA*s Raises $44M in Conv Preferred Deal at 6.7% Premium via Janney

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dELiA*s, Inc. (DLIA) announced that it has raised $44,100,000 in a Convertible Preferred Stock transaction. The fixed conversion price of the Convertible Preferred Stock is $0.80 per share, an approximate 6.67% premium to the market price ($0.75) of DLIA at deal announcement. Janney Montgomery Scott, Inc. acted as the exclusive agent on the transaction. The investors include Cooper Creek Partners and Valinor Capital Partners. Issuer counsel was Troutman Sanders, LLP.