Deals

Lime Energy in Convertible Note PIPE

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Lime Energy Co. (LIME) has raised $6 million in a Convertible Secured Subordinated Notes transaction with investors including Nettlestone Enterprises Ltd. The fixed conversion price of the Convertible Secured Subordinated Notes is $0.7325 per share, an approximate 12.69% premium to the market price ($0.65) of LIME at deal announcement. A series of 4,129,694 60-Month Warrants with an exercise price of $0.67 per share (3.08% premium) was issued to the investors in this transaction. The transaction closed on Oct.

Deals

Blackhawk Capital Group in Convertible Debt Deal

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Blackhawk Capital Group BDC (BHCG) announced that it has raised $1 million in a Convertible Notes transaction with investor Rosmir Capital Corp. The fixed conversion price of the Convertible Notes is $0.40 per share, an approximate 300% premium to the market price ($0.10) of BHCG at deal announcement. The Placement Agent was not disclosed. The transaction is expected to close by Nov. 5, 2012.

Deals

Single Touch Systems in Convertible Note PIPE

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Single Touch Systems (SITO) announced that it has raised $3 million in a Convertible Notes transaction. The company provides mobile media and marketing technology. The fixed conversion price of the Convertible Notes is $0.50 per share, an approximate 66.67% premium to the market price ($0.30) of SITO at deal announcement. A series of 6,000,000 36-Month Warrants with an exercise price of $0.25 per share (16.67% discount) was issued to the investors in this transaction. Taglich Brothers acted as the exclusive agent on the transaction.

Deals

Trump Securities Places Sionix Debt

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Sionix Corp. (SINX) announced that it has raised $1 million in a Convertible Senior Notes transaction. The fixed conversion price was not disclosed and the Investors recieved an undisclosed amount of warrants. Trump Securities acted as the exclusive agent on the transaction, and the investors were not disclosed. See the PlacementTracker Deal Summary.