Growth Capitalist (https://growthcapitalist.com/tag/pipe/page/97/)
Virtual Piggy (VPIG) announced that it has raised $5.56 million in a Common Stock transaction. The common stock was sold at $0.70 per share, an approximate 49% discount to the market price ($1.37) of VPIG at deal announcement. The Placement Agent and the investors were not disclosed. The transaction closed on Nov. 30, 2012.
Applied DNA Sciences (APDN) has raised $5.5 million in a Convertible Preferred and $2 million in a Common Stock transaction with investor Socius Capital Group. The company designs DNA recognition technologies for security and law enforcement applications.The common stock was sold at $0.19 per share, an approximate 7% discount to the market price ($0.20) of APDN at deal announcement. The fixed conversion price of the Convertible Preferred Stock is $0.19 per share, an approximate 7% discount to the market price ($0.20) of APDN at deal announcement. In the convertible PIPE, a series of 10,752,688 60-Month Warrants with an exercise price of $0.22 per share (11.6% premium) was issued to the investors. An additional series of 29,569,892 60-Month Warrants with an exercise price of $0.22 per share (11.6% premium) was issued.
FluoroPharma Medical (FPMI) announced that it has raised $1.55 million in a Unit (Common Stock and Warrants) transaction. The common stock was sold at $0.85 per share, an approximate 24% premium to the market price ($0.69) of FPMI at deal announcement. A series of 1,819,118 12-Month Warrants with an exercise price of $0.90 per share (31% premium) was issued to the investors in this transaction. Brookline Group acted as the exclusive agent on the transaction, and issuer counsel was Loeb & Loeb. The transaction closed on Nov.
New Western Energy Corp. (NWTR) announced a $5 million Common Stock transaction. The purchase price was not disclosed. Caplain Group Limited acted as the exclusive agent on the transaction, and the investors were not disclosed. See the PlacementTracker Deal Summary.
