pSivida Raises $7M in RDO at 7% Discount from RA Capital

pSivida Corporation (PSDV) announced that it has raised $6,987,000 in a Registered Direct transaction. The common stock was sold at $4.11 per share, an approximate 7% discount to the market price ($4.42) of PSDV at deal announcement. Northland Securities acted as the exclusive agent on the transaction. The investor was RA Capital Management. The transaction is expected to close on March 18, 2014.

Flux Power Raises $1.4M near Market from Esenjay Investments

Flux Power Holdings, Inc. (FLUX) announced that it has raised $1,394,000 in a Units (Common Stock + Warrants) transaction. The common stock was sold at $0.06 per share, an approximate 2% discount to the market price ($0.06) of FLUX at deal announcement. A series of 11,616,667 60-Month Warrants with an exercise price of $0.20 per share (227.33% premium) was issued to the investors in this transaction. Security Research Associates, Inc. acted as the exclusive agent on the transaction. The investors include Esenjay Investments LLC.