Growth Capitalist (https://growthcapitalist.com/tag/media/page/5/)
Remark Media Inc. (MARK) announced that it has raised $3,500,000 in a Convertible Senior Secured Notes transaction. The fixed conversion price of the Convertible Senior Secured Notes is $5.03 per share, an approximate 3.64% discount to the market price ($5.22) of MARK at deal announcement. The investor was Digipac, LLC. The transaction closed on January 29, 2014. via PlacementTracker.
Rightscorp (RIHT), a company which sells technology to protect media companies from illegal content downloading, went public in a reverse merger and closed a private placement with an investor to raise $2 million. The Santa Monica, Calif.-based company completed the alternative public offering (APO) on Oct. 25, selling 950,000 units at 50 cents each to Hartford Equity. Each unit includes one common share and a five-year warrant to buy an additional share for 75 cents, to raise an initial $475,000. The company concluded an agreement with Hartford to purchase a total of $2 million in common stock and warrants over the next 14 months.
Jonathan Ledecky is making a big bet investing in mobile advertising. The king of the rollup has reentered the public markets, setting aside millions to re-launch his ill-fated Ascend Acquisition Corp. (ASCQ) SPAC and fund a reverse merger with Kitara Media and New York Publishing Group. The deal, which closed July 1, marks Ledecky’s return to the SPAC market after a five-year hiatus, and the first SPAC focused on investing in companies in the global online advertising and exchange space. Ledecky found a marquee name in the digital ad space to steer his investment vehicle.
