Growth Capitalist (https://growthcapitalist.com/tag/pipe/page/103/)
MicroRNA therapeutics developer Regulus Therapeutics (RGLS) announced that it has raised $25 million in a Common Stock transaction with investor AstraZeneca AB. The common stock was sold at $4.00 per share, an approximate 5% discount to the market price ($4.20) of RGLS at deal announcement.. The transaction closed on Oct. 10, 2012. This Placement was conducted concurrently with the Company's Initial Public Offering.
Crumbs Bake Shop (CRMB) announced that it has raised $9.85 million in a Common Stock transaction. A group of investors on the deal includes Buckingham Capital Management,
P.A.W. Partners, Weintraub Capital Management, AWM Investment Management and SLZ Capital Management. The common stock was sold at $2.21 per share, an approximate 0% premium to the market price ($2.21) of CRMB at deal announcement. Janney Montgomery Scott and Threadstone Partners acted as financial advisors on the transaction. Issuer counsel was Gordon Feinblatt. The transaction is expected to close by Oct.
Liberty Coal Energy Corp. (LBTG) announced that it has raised $9.19 million in a Common Stock transaction. Catwalk Capital acted as the advisor on the transaction. Further details were not disclosed. The transaction closed on Oct.
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.
