Deals

Grandparents.com Raises $1M at 22% Discount from CV Starr & Co.

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Grandparents.com, Inc. (GPCM) announced that it has raised $1,000,000 in a Common Stock transaction. The common stock was sold at $0.25 per share, an approximate 22% discount to the market price ($0.32) of GPCM at deal announcement. A series of 1,000,000 60-Month Warrants with an exercise price of $0.25 per share (21.88% discount) was issued to the investors in this transaction. The investor was CV Starr & Company, Inc.. The transaction closed on June 16, 2014.

Deals

Retrophin Raises $40M in Equity-linked Debt from Athyrium Capital

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Retrophin, Inc. (RTRX) announced that it has raised $40,000,000 in a Non-Convertible Term Notes transaction. Barclays Capital, Inc. acted as the exclusive agent on the transaction. The investor was Athyrium Capital Management, LLC. This Placement is part of a $80 million financing. The other $40 million was funded in the form of Convertible Notes.

Deals

Bay Bancorp Raises $7M at Market

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Bay Bancorp, Inc. (BYBK) announced that it has raised $6,999,999 in a Common Stock transaction. The common stock was sold at $4.92 per share, an approximate 2% discount to the market price ($5.02) of BYBK at deal announcement. The investors include Financial Services Partners Fund I, LLC. Issuer counsel was Gordon Feinblatt LLC. The transaction closed on May 15, 2014.

Deals

Box Ships Raises $1M at 14% Discount from Neige International

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Box Ships Inc. (TEU) announced that it has raised $1,025,000 in a Common Stock transaction. The common stock was sold at $2.05 per share, an approximate 14% discount to the market price ($2.38) of TEU at deal announcement. A series of 200,000 60-Month Warrants with an exercise price of $2.65 per share (11.34% premium) was issued to the investors in this transaction. The investor was Neige International Inc.. Issuer counsel was Seward & Kissel LLP.