Growth Capitalist (https://growthcapitalist.com/tag/convertible-debt/page/51/)
Rackwise (RACK) announced that it has raised $5 million in a Convertible Secured Notes transaction with investor Black Diamond Financial Group. The conversion price, Warrants, and Placement Agents were not disclosed. The The transaction will fund in six tranches commencing on Dec. 1, 2012 with the last tranche expected to fund on march 15, 2013. See the PlacementTracker Deal Summary.
NewBridge Bancorp (NBBC) announced that it has raised $56.47 million in a Convertible Preferred Stock transaction with investors including officers of the Company and members of the board of directors. The fixed conversion price of the Convertible Preferred Stock is $4.40 per share, an approximate 3.29% premium to the market price ($4.26) of NBBC at deal announcement. FIG Partners and Keefe, Bruyette & Woods acted as agents on the transaction. Issuer counsel was Brooks Pierce. The transaction is expected to close in the fourth quarter.
Royale Energy (ROYL) announced that it has raised $3 million in a Convertible Notes transaction with investors Cranshire Capital and Pyramid Investments. The fixed conversion price of the Convertible Notes is $4.50 per share, an approximate 50.45% premium to the market price ($2.99) of ROYL at deal announcement. A series of 500,000 36-Month Warrants with an exercise price of $3.00 per share (0.3% premium) was issued to the investors in this transaction. C.K. Cooper & Company acted as the exclusive agent on the transaction. Issuer counsel was Strasburger & Price and investor counsel was Greenberg Traurig. The transaction is expected to close by Oct.
Prospect Global Resources (PGRX) announced that it has raised $100 million in a Convertible Notes transaction with investor Apollo Global Management . The company is a potash mining and exploring operation. The fixed conversion price of the Convertible Notes is $3.00 per share, an approximate 11.24% discount to the market price ($3.38) of PGRX at deal announcement. The transaction is expected to close in the first half of 2013. See the PlacementTracker Deal Summary.
