Deals
Vuzix Corp. Raises $3M in Conv Debt Deal at 18% Discount
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Vuzix Corporation (VUZI) announced that it has raised $3,000,000 in a Convertible Senior Secured Notes transaction.
Growth Capitalist (https://growthcapitalist.com/tag/convertible-debt/page/44/)
Vuzix Corporation (VUZI) announced that it has raised $3,000,000 in a Convertible Senior Secured Notes transaction.
Staffing 360 Solutions, Inc. (STAF) announced that it has raised $2,848,500 in a Convertible Debentures transaction. The fixed conversion price of the Convertible Debentures is $1.50 per share, an approximate 25% discount to the market price ($2.00) of STAF at deal announcement. The transaction closed on May 19, 2014. via PlacementTracker.
Vapor Group, Inc. (VPOR) announced that it has raised $1,235,000 in a Convertible Notes transaction. The fixed conversion price of the Convertible Notes is $0.15 per share, an approximate 22.95% premium to the market price ($0.12) of VPOR at deal announcement. The investor was Hanover Holdings I, LLC. The transaction closed on April 29, 2014. via PlacementTracker.
Iveda Solutions Inc. (IVDA) announced that it has raised $3,000,000 in a Convertible Debentures transaction. Additional details have yet to be disclosed. The transaction closed on April 30, 2014. via PlacementTracker.