Deals

Recycled Shipping Container Company Raises $1M

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SG Blocks (SGBX) announced that it has raised $1,000,000 in a Convertible Senior Secured Debentures transaction. The fixed conversion price of the Convertible Debentures is $0.43 per share, an approximate 70.7% premium to the market price ($0.25) of SGBX at deal announcement. A series of 2,604,651 60-Month Warrants with an exercise price of $0.45 per share (78.17% premium) was issued to the investor in this transaction. The investor was Hillair Capital Investment. The transaction closed on December 28, 2012.

Deals

Grandparents.com Raises Cash with Convertible PIPE

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Grandparents.com (GPCM) announced that it has agreed to a $3.5 million Convertible Secured Promissory Notes transaction. The fixed conversion price of the Convertible Secured Promissory Notes, the Placement Agent, and the Investors were not disclosed. The transaction closed on Dec. 7, 2012. This Placement funded in tranches.

Deals

Roadrunner Transportation Raises $58M in CMPO

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Trucking operator Roadrunner Transportation Systems (RRTS) has raised $58.66 million in a CMPO/Overnight transaction. The common stock was sold at $17.25 per share, an approximate 1% discount to the market price ($17.50) of RRTS at deal announcement. Robert W. Baird, BB&T Capital Markets, Raymond James & Associates, Stifel Nicolaus Weisel, and SunTrust Robinson Humphrey acted as agents on the transaction. Placement Agent counsel was Foley & Lardner, and issuer counsel was Greenberg Traurig. The transaction is expected to close by Dec.

Deals

$450M Triple Play for Federal-Mogul Corp.

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Auto part maker Federal-Mogul Corp. (FDML) is raising $450 million in a financing consisting of a $150 million stock offering, a $150 million rights offering and a $150 million revolving credit facility. The common stock was sold at $7.85 per share, approximately the market price ($7.86) of FDML at deal announcement. This transaction was completed without an agent, and the investor was IEH FM Holdings. The transaction is expected to close in the fourth quarter of 2012.