Alto Ingredients Inc (ALTO)

[kel4]

Pacific Ethanol Raises $14M in RDO at 185% Premium via Lazard –

The first tranche of $6,000,000 is expected to fund on 03/29/2013 and the second tranche of $8,000,000 is subject to shareholder approval.

Pacific Ethanol, Inc. (PEIX) announced that it has raised $14,000,000 in a Registered Direct Self-Ammortizing Convertible Subordinated Notes transaction. The fixed conversion price of the Convertible Subordinated Notes is $1.00 per share, an approximate 185.88% premium to the market price ($0.35) of PEIX at deal announcement. Lazard acted as the exclusive agent on the transaction. The Investment Advisors were Heights Capital Management, Downsview Capital, Hudson Bay Capital Management, Iroquois Capital, and Kingsbrook Partners. Issuer counsel was Troutman Sanders. This Placement will fund in tranches. The first tranche of $6,000,000 is expected to fund on 03/29/2013 and the second tranche of $8,000,000 is subject to shareholder approval.PlacementTracker

Why Would the Buy 185% Above Share Price


Growth Capital Deals – PEIX, CTIC, CEMI, TXCC, PRTS
http://www.growthcapitalist.com/tag/non-convertible-debt/