Deals

Chardan Capital Places T3 Motion Convertibles

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T3 Motion (TTTM) announced that it has raised $2.88 million in a Convertible Senior Secured Debentures transaction. The company makes a unique electric powered three-wheeled stand up vehicle. The fixed conversion price of the Convertible Senior Secured Debentures is $0.10 per share, an approximate 69.7% discount to the market price ($0.33) of TTTM at deal announcement. A series of 30,386,321 60-Month Warrants with an exercise price of $0.10 per share (69.7% discount) was issued to the investors in this transaction. Additionally the Company issued 3,038,632 shares of Common Stock to the Investor.

Deals

Arno Therapeutics in Convertible PIPE

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Arno Therapeutics (ARNI) announced that it has raised $12.7 million in a Convertible Senior Debentures transaction with investors including directors and Sabby Management. The fixed conversion price of the Convertible Debentures is $0.30 per share. A series of 42,350,000 60-Month Warrants with an exercise price of $0.50 per share were issued to the investors in this transaction. An additional series of 42,350,000 18-Month Warrants with an exercise price of $0.30 per share were issued to the investors in this transaction. Maxim Groupacted as the exclusive agent on the transaction.

Deals

Plures Technologies Raises Capital with Convertible Debt PIPE

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Plures Technologies (MANY) announced that it has raised $1.1 million in a Convertible Secured Promissory Notes transaction with investors including RENN Capital Group and Cedarview Capital. The fixed conversion price of the Convertible Secured Promissory Notes is $3.00 per share. A series of 366,667 48-Month Warrants with an exercise price of $0.01 per share was issued to the investors in this transaction. This transaction was completed without an agent. Issuer counsel was Ruskin, Moscou, Faltischek, and investor counsel was Levy International Law.

Deals

Hillair, Next View Invest in ESP Resources

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ESP Resources (ESPI) announced that it has raised $1 million in a Convertible Senior Secured Debentures transaction with investors Hillair Capital Investments and Next View Partners. The fixed conversion price of the Convertible Senior Secured Debentures is $0.09 per share, an approximate 1.19% premium to the market price ($0.08) of ESPI at deal announcement. A series of 11,764,706 Warrants with an exercise price of $0.09 per share (7.14% premium) was issued to the investors in this transaction. The transaction is expected to close shortly. See the PlacementTracker Deal Summary.