Deals

Crumbs Bake Shop Raises Capital with Stock PIPE

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Crumbs Bake Shop (CRMB) announced that it has raised $9.85 million in a Common Stock transaction. A group of investors on the deal includes Buckingham Capital Management,

P.A.W. Partners, Weintraub Capital Management, AWM Investment Management and SLZ Capital Management. The common stock was sold at $2.21 per share, an approximate 0% premium to the market price ($2.21) of CRMB at deal announcement. Janney Montgomery Scott and Threadstone Partners acted as financial advisors on the transaction. Issuer counsel was Gordon Feinblatt. The transaction is expected to close by Oct.

Deals

Spectrum Group Offers $25.5M in Rights, Stock

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Spectrum Group International (SPGZ) announced a Rights Offering transaction of up to $22.8 million. This Placement is part of a $25.52 million financing. The remainder was funded through a Common Stock offering. The Total Rights Offered were 12,004,387 at $1.90 per share, an approximate 13% discount to the market price ($2.19) of SPGZ at deal announcement. The Rights Record Date is July 31, 2012. The Rights Ex-Date is Sept.

Deals

Common Stock PIPE from China Green Creative

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China Green Creative (CNGV) announced that it has raised $1.5 million in a Common Stock transaction. The company makes and distributes products including herbal teas and health infusions. The common stock was sold at $0.01 per share.The Placement Agent was not disclosed, and the investors include Han Sing Investment.. Issuer counsel was Hunter Taubman Weiss. The transaction closed on Sept.

Deals

LifeApps Digital Media Raises $1.14M in Reverse Merger

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LifeApps Digital Media (LFAP) announced that it has raised $1.14 million in a Common Stock transaction. The common stock was sold at $0.20 per share. A series of 5,700,000 60-Month Warrants with an exercise price of $1.00 per share. This transaction was completed without an agent and the investors were not disclosed. The transaction closed on Sept.