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TRANSACTIONS BY Deep Down, Inc. IN THE LAST 6 MONTHS
All Transaction TypesPrivate PlacementMerger/AcquisitionBankruptcyBuyback
Announced 06/5/08
40.00M for Deep Down, Inc.
Private Placement
Deep Down, Inc. (OTCBB: DPDW) announced a private placement of 57,142,857 common shares at $0.70 per share for gross proceeds of $40,000,000 on June 5, 2008. The shares were issued to institutional investors. Amended and Restated Declaration of Trust of
Morton A. Cohen, dated May 9, 2005 purchased 142,857 shares for $100,000,
Andrew Steven Codispoti purchased 71,429 shares for $50,000,
Aquanaut Master Fund Ltd. purchased 1,428,571 shares for $1,000,000,
BlackGold Capital ... Master Fund L.P. purchased 1,428,571 shares for $1,000,000,
Calm Waters Partnership purchased 3,571,429 shares for $2,500,000,
Capital Structure Opportunities, LP purchased 102,000 shares for $71,400,
Cardinal Bear LLC purchased 1,071,429 shares for $750,000,
Clarion Capital Corporation purchased 428,572 shares for $300,000,
Clarion World Offshore Fund, Ltd. purchased 142,857 shares for $100,000,
Crestview Capital Master, LLC purchased 357,143 shares for $250,000,
D.E. Shaw Valence Portfolios, L.L.C. purchased 7,142,857 shares for $5,000,000,
Dubuque Bank and Trust purchased 2,857,143 shares for $2,000,000,
Dean O'Connor purchased 50,000 shares for $35,000,
Ernest J. Dahlman, III purchased 93,239 shares for $65,267,
Greg Imbruce purchased 500,000 shares for $350,000,
Hare & Co. purchased 38,750 shares for $27,125,
Invenio Partners purchased 285,714 shares for $200,000,
IOU Limited Partnership purchased 2,071,428 shares for $1,450,000,
Jacobe Partners, L.P. purchased 428,571 shares for $300,000,
Jefferies & Co. purchased 10,999 shares for $7,699,
Mac & Co. purchased 106,570 shares for $74,599,
Millennium Partners, L.P. purchased 7,857,143 shares for $5,500,000,
Newland Master Fund, Ltd. purchased 3,000,000 shares for $2,100,000,
OGI Associates, LLC purchased 2,071,429 shares for $1,450,000,
PENFIRN Co F/B/O: Roge Partners Fund purchased 428,571 shares for $300,000,
PENFIRN Co F/B/O: Roge Select Opportunities Fund purchased 428,571 shares for $300,000,
Penn Capital Management purchased 167,000 shares for $116,900,
Perella Weinberg Partners Oasis Master Fund L.P. purchased 5,000,000 shares for $3,500,000,
Peter Kaltmon purchased 74,300 shares for $52,010,
Schottenfeld Group, LLC purchased 1,000,000 shares for $700,000,
Tracy W. Krohn purchased 5,714,286 shares for $4,000,000,
UBS O’Connor LLC F/B/O: O’Connor Pipes Corporate Strategies Master Limited purchased 1,428,571 shares for $1,000,000,
Wexford Capital, LLC purchased 1,785,715 shares for $1,250,001,
Wexford Spectrum Trading Limited purchased 5,357,142 shares for $3,749,999, and
Stamatis Molaris purchased 500,000 shares for $350,000.
The company will pay a commission equal to 7%, or $2,800,000, and $75,000 to cover the expenses of the placement agent. Dahlman Rose & Company, LLC will serve as an exclusive placement agent for the financing. Robert L. Sonfield, Jr. of Sonfield & Sonfield will serve as the legal advisor to the company.
Collapse Detail
DPDW's price was up 6.19% after the transaction was announced on 06/5/08.
Announced 04/17/08
25.00M for Flotation Technologies, Inc.
Merger/Acquisition
Deep Down, Inc. (OTCPK: DPDW) agreed to acquire Flotation Technologies, Inc. from Catherine B. Cook, Sidney D. Cook and Timothy H. Cook for approximately $23.3 million on April 17, 2008. Under the terms, deep Down will pay $23.05 million on closing and deposit $0.25 million in escrow account. For the year ended December 31, 2007, Flotation Technologies had total assets of $8.5 million, revenues of $13.41 million, operating income of $3.29 million and net income of $4.06 ...
