Growth Capitalist (https://growthcapitalist.com/tag/pipe/page/101/)
Cardero Resource Corp. (CDY) announced that it has raised $10.1 million in a Common Stock transaction. The common stock was sold at $0.5552 per share, an approximate 7% discount to the market price ($0.60) of CDY at deal announcement. This Placement is part of a CAD 20 million financing. The other CAD 10 million was funded in the form of a bridge loan.
BioCryst Pharmaceuticals (BCRX) announced that it has raised $25 million in a Common Stock transaction. This transaction was completed without an agent, and the investors were Baker Brothers Advisors,
Bay City Capital, New Leaf Venture Partners, Panorama Capital, and Ventures West Capital. Issuer counsel was Wachtell, Lipton, Rosen & Katz, and investor counsel was Cooley. Concurrently with this Placement, the Company will complete a reverse merger with Presidio Pharmaceuticals. See the PlacementTracker Deal Summary.
MGT Capital Investments (MGT) announced that it has raised $5.9 million in a combination PIPE and registered direct transaction. The company specialized in monetising intellectual property. The company raised $4.5 million in a Convertible Preferred Stock transaction. The fixed conversion price of the Convertible Preferred Stock is $3.26 per share, an approximate 8.3% premium to the market price ($3.01) of MGT at deal announcement. A series of 2,800,000 60-Month Warrants with an exercise price of $3.85 per share (27.9%premium) was issued to the investors in this transaction.
LDK Solar Co. Ltd. (LDK) announced that it has raised $22.85 million in a Common Stock transaction with investor Heng Rui Xin Energy Co., Ltd. The common stock was sold at $0.86 per share, an approximate 21% premium to the market price ($0.71) of LDK at deal announcement. See the PlacementTracker Deal Summary.
