Growth Capitalist (https://growthcapitalist.com/tag/convertible-debt/page/49/)
Diagnostic Imaging International Corp. (DIIG) has raised $1.87 million in a Convertible Notes transaction. The fixed conversion price of the Convertible Notes is $0.10 per share, an approximate 100% premium to the market price ($0.05) of DIIG at deal announcement. Issuer counsel was Golenbock Eiseman Assor Bell & Peskoe. The transaction closed on Dec. 5, 2012.
CNS Response (CNSO) announced that it has raised $1.8 million in a Convertible Secured Promissory Notes transaction with investors including funds managed by SAIL Capital Partners and Equity Dynamics. The fixed conversion price of the Convertible Secured Promissory Notes is $0.0472 per share, an approximate 94.76% discount to the market price ($0.90) of CNSO at deal announcement. The transaction closed on Dec. 4, 2012. This Placement is part of a $2 million financing.
Avantair (AAIR) announced that it has raised $2.8 million in a Convertible Senior Secured Notes transaction. The company manages fractional share aircraft operation programs.
The fixed conversion price of the Convertible Senior Secured Notes is $0.25 per share, an approximate 66.67% premium to the market price ($0.15) of AAIR at deal announcement. A series of 60-Month Warrants with an exercise price of $0.50 per share (233.33% premium) was issued to the investors in this transaction. The investment was lead by members of the Company’s Board of Directors, and it closed on Dec. 03, 2012.
Web publishing specialist Remark Media (MARK) announced that it has raised $1.8 million in a Convertible Notes transaction with investor Digipac. The fixed conversion price of the Convertible Notes is $1.30 per share, an approximate 54.76% premium to the market price ($0.84) of MARK at deal announcement. The transaction closed on Nov. 28, 2012. See the PlacementTracker Deal Summary.
