East
Amperion Inc. of Chelmsford, Mass., is raising $10 million through an offering of convertible debt and warrants. A minimum investment of $5 million is required on the placement. At the time of its SEC filing, the company had already raised $5 million from one accredited investor. The company, engaged in the development and marketing of voltage power line communications products and related services, intends to use the proceeds from the offering for working capital. For more information, call Philip Hunt, president, at 978-250-1110.
Axia Systems Technology Inc. of Maynard, Mass., is raising $1 million through a common stock offering. A minimum investment is not required on the placement. At the time of its SEC filing, the company had already raised $163,000 from three accredited investors. The software developer intends to use the proceeds from the offering for salaries and fees, and for working capital. For more information, call Baheya Shenouda, vice president, at 978-897-9035.
Scion Pharmaceuticals Inc. of Medford, Mass., raised $17.5 million from 14 accredited investors through the sale of a Series B redeemable convertible preferred stock. The company, engaged in the research and development drugs, intends to use the proceeds from the offering for research and development. For more information, call Pravin Chaturvedi, president and chief executive officer, at 781-391-1900.
Transmedics Inc. of Woburn, Mass., is raising $3.7 million through the sale of convertible notes. At the time of its SEC filing, the company had already raised $828,111 from five accredited investors. The developer of organ preservation devices intends to use the proceeds from the offering for working capital, repayment of debt, purchase, rental or leasing of machinery and equipment, and salaries and fees. For more information, call Waleed Hassanein, president, at 781-939-0872.
Antares Pharma Inc. of Exton, Pa., is raising $2 million. A minimum investment was not required on the placement. At the time of its SEC filing, the company had already raised $700,000 from seven accredited investors. Spencer Trask Ventures Inc. of New York is acting as an agent on the placement for $70,000 in sales commission. The developer and manufacturer of devices for alternative drug delivery intends to use the proceeds from the offering for salaries and working capital. For more information, call Lawrence Christian, chief financial officer, at 610-458-6200.
BodyMedia Inc. of Pittsburgh raised $3.1 million from six accredited investors through a Series B preferred stock offering. A minimum investment was not required on the placement. The company, engaged in the development and sale of mobile computers and health monitors, intends to use the proceeds from the offering for working capital and repayment of debt. Roth Advisors LLC of Wheeling, Ill., provided marketing and general financial advisory services for BodyMedia, Inc. for a warrant to purchase 19,900 shares of common stock and a cash payment of $79,000. For more information, call Eric Teller, chief executive officer, at 412-288-9901.
FastShip Inc. of Philadelphia raised $600,000 from one accredited investor through a convertible note offering. A minimum investment of $10,000 was required on the placement. The designer and operator of commercial cargo vessels intends to use the proceeds from the offering for working capital and salaries. For more information, call Kathryn Riepe Chambers, executive vice president, at 215-574-1770.
Trinity Convergence Inc. of Raleigh, N.C., raised $4.51 million from five accredited investors though a Series B preferred stock offering. The developer of packet voice software intends to use the proceeds from the offering for working capital and the repayment of debt. For more information, call Jeffrey Critser, president, at 919-621-6212.
CapitalThinking Inc. of New York raised $2.07 million from two accredited investors through the sale of Series B-1 preferred stock. A minimum investment was not required on the placement. The software provider intends to use the proceeds from the offering for working capital. For more information, call Charles Morris, president and chief executive officer, at 212-692-4012.
Integrated Alarm Services Inc. of Albany, N.Y., is raising $25 million through a three year 12% promissory note financing. At the time of its SEC filing, the company had already raised $10 million from 177 accredited investors. McGinn, Smith & Co. Inc. is acting as the placement agent for $1 million in sales commission. The alarm company intends to use the proceeds from the offering for working capital. For more information, call Timothy McGinn, chairman and director, at 518-449-5131.
National Imaging Associates Inc. of Hackensack, N.J., raised $20 million from one accredited investor through a Series D convertible preferred stock round. Deutche Bank Alex. Brown of Baltimore was acting as the agent on the placement for $1 million in sales commission. The company, engaged in radiology cost control, intends to use the proceeds from the offering for working capital and stock repurchase. For more information, call Jamie Burns, senior vice president, at 201-353-3202.
Pilot Therapeutics Holding Inc. of Winston-Salem, N.C., is raising $7.5 million through a common stock offering. A minimum investment of $25,000 is required on the placement. At the time of its SEC filing, the company had already raised $650,007 from eight accredited investors. The holding company for biopharmaceutical subsidiary intends to use some proceeds from the offering for working capital. For more information, call Floyd Clinton, president and chief executive officer, at 336-725-2222.
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South
DBM Optics Inc. of Lafayette, Colo., is raising $1.08 million through a convertible securities financing. A minimum investment of $5,000 is required on the placement. At the time of its SEC filing, the company had already raised $538,000 from 10 accredited investors. The manufacturer of fiber optics test equipment company intends to use the proceeds from the offering for working capital. For more information, call Douglas Zahn, chief financial officer, at 303-464-1919.
Vigilante.com Inc. of Beaverton, Ore., is raising $2.7 million through a preferred stock financing. By the time of its SEC filing, the company had already raised $1.09 million from 12 accredited investors. The developer of Internet security systems intends to use the proceeds from the offering for working capital. For more information, call Mary Del Balzo, secretary, at 503-579-3464.
NuVox Inc. of Chesterfield, Miss., is raising $75 million through a Series A convertible preferred stock offering. At the time of its SEC filing, the company had already raised from 24 accredited investors $14 mllion. The provider of telecommunications services intends to use the some proceeds from the offering for working capital. For more information, call John Denneen, executive vice president and secretary, at 636-537-5700.
Icad Inc. of Boca Raton, Fla., is raising $3 million through a common stock offering. The company, engaged in product development in the field of medicine and photographic imaging and digitalization, intends to use the proceeds from the offering for working capital. For more information, call Scott Parr, president and chief executive officer, at 561-994-8885.
Infinite Worlds Inc. of Miami is raising $1.12 million through an offering of Series B preferred stock. At the time of its SEC filing, the company had already raised $1.09 million from four accredited investors. The media company intends to use the proceeds from the offering for working capital. For more information, call Kiran Shiva Akal, president and chief executive officer, at 305-571-9983.
Inteletech Corp. of America Inc. of Fort Lauderdale, Fla., is raising $5 million through a common stock offering. A minimum investment of $2,500 is required on the placement. The developer of online search engines intends to use proceeds from the offering for working capital. For more information, call Liam Hutchinson, chief executive officer, at 954-745-5820.
Flexlight Networks Inc. of Kennesaw, Ga., raised investors $3.2 million from 11 accredited through the sale of Series B preferred stocks and warrants. The optical networking system intends to use the proceeds from the offering for working capital. For more information, call Ron Shilon, president and chief executive officer, at 678-290-4801.
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Midwest
Protalex Inc. of Albuquerque, N.M., raised $1.26 million from 29 accredited investors through a sale of common stock with warrants attached. A minimum investment of $15,000 was required on the placement. The biotech company intends to use the proceeds from the offering for working capital. For more information, call John Doherty, president, at 505-260-1726.
GRT Inc. of Spring, Texas raised $1.5 million from 16 accredited investors through a common stock offering. The developer of gas-to-liquid technologies intends to use the proceeds from the offering for working capital. For more information, contact Stuart Tillman, executive officer and director.
Simplified Workforce Solutions Inc. of Chicago raised $214,998 from nine accredited investors through a Series B convertible preferred stock offering. The company, engaged in computer related services, intends to use the proceeds from the offering for working capital. For more information, call Brian Hopcraft, president, at 312-640-1929.
Fieldglass Inc. of Chicago raised $12 million from nine accredited investors through the sale of Series C-1 and C-2 preferred stock. The company intends to use the proceeds from the offering for repayment of debt and working capital. For more information, call Shekhawat Jai, director and executive officer, at 312-759-1100.
Distribution Dynamics Inc. of Eden Prairie, Minn., raised $94.4 million from 31 accredited investors. The manufacturer of machinery fasteners intends to use the proceeds from the offering for working capital. For more information, call Andrew Barnett, president and chief executive officer, at 952-974-1700.
Marix Technology Inc. of Minnetonka, Minn., is raising $2.5 million through a common stock financing. A minimum investment of $50,000 is required on the placement but can be waived by the company. At the time of its SEC filing, the company had already raised $1.67 million from 19 accredited investors. The company, which provides individuals with access to all their documents and applications regardless of location, intends to use the proceeds from the offering for working capital. For more information, call Dennis Johnson, chief executive officer, at 952-582-9100.
Shakti Systems Inc. of Naperville, Ill., is raising $4 million through the private placement of a Series A-1 preferred stock. A minimum investment of $5,000 is required on the placement. At the time of its SEC filing, the company had already raised $3 million from six accredited investors. The developer of integrated circuit technology intends to use the proceeds from the offering for working capital. For more information, contact Krishna Shenai, chief executive officer.
Troux Technologies Inc. of Austin, Texas raised investors $1 million from two accredited investors. No minimum investment was required on the placement. The software developer intends to use the proceeds from the offering for working capital. For more information, call Gerald Weghorst, president and chief executive officer, at 512-536-6274.
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West
The McKenzie River Corp. of San Francisco raised $1.21 million from one accredited investor through a common stock offering. The beverage marketing company intends to use the proceeds from the offering for working capital and general corporate purposes. For more information, call J. Minott Wessinger, president, at 415-732-1010.
Wine.com Inc. of San Francisco is raising $10 million through a Series D preferred stock financing. A minimum investment of $1,000 is required on the placement. At the time of its SEC filing, the company had already raised $9 million from 20 accredited investors. The wine merchandiser intends to use the proceeds from the offering for working capital. For more information, call Peter Ekman, president, at 415-291-9500.
AnnaMax Inc. of Palo Alto, Calif., raised $2.85 million from 10 accredited investors through a Series A preferred stock offering. The company, engaged in drug discovery and pharmaceutical research, intends to use the proceeds from the offering for working capital. For more information, call Stephen Benkovic, president, at 650-838-1100.
The MedWell Group Inc. of Westlake Village, Calif., is raising $7 million through a common stock offering. A minimum investment is not required on the placement. At the time of the SEC filing, the company had already raised $280,040 from eight accredited investors. The provider of electronic medical records and medical billing services intends to use the proceeds from the offering for working capital, wages and salaries, software development and marketing. For more information, call Phil Dodson, chief executive officer, at 805-379-9244.
LightSurf Technologies Inc. of Santa Cruz, Calif., raised $13.7 million from one accredited investor through a Series C preferred stock financing. A minimum investment was not required on the placement. The provider of wireless visual communications intends to use the proceeds from the offering for working capital. For more information, call Sonia Lee Kahn, director and executive officer, at 831-469-1850.
Selective Genetics Inc. of San Diego is raising $5 million through a Series F preferred stock round. At the time of its SEC filing, the company had already raised $2.23 million from nine accredited investors. The biotechnology company intends to use the proceeds from the offering for working capital. For more information, call Mark McCutchen, chief financial officer, at 858-625-0100.
Blue Falcon Networks Inc. of Los Angeles raised $8.5 million from 12 accredited investors through a sale of Series C preferred stock. No minimum investment was required on the placement. The developer of networking software aiming to reduce the cost of streaming video and audio over the Internet intends to use the proceeds from the offering for working capital. For more information, call Joshua Goldman, chief executive officer, at 213-617-6900.
EStyle Inc. of Los Angeles is raising $1.49 million through a Series E preferred stock offering. A minimum investment of $20,000 is required on the placement. At the time of its SEC filing, the company had already raised $1.14 million from 16 accredited investors. The company, engaged in retail Internet sales, intends to use the proceeds from the offering for working capital. For more information, call Laura McCartney, chairman and chief executive officer, at 213-228-6800.
MetaTV Inc. of Mill Valley, Calif., is raising $27.3 million through an offering of Series D preferred stock and warrants. The company, engaged in development and marketing of medical devices, intends to use some proceeds from the offering for working capital. For more information, call Andrew Lev, director and executive officer, at 415-380-6222.
StorCard Inc. of Carmel, Calif., is raising $2 million through a Series A preferred stock financing. At the time of its SEC filing, the company had already raised $1.94 million from 17 accredited investors. The developer of digital storage media intends to use the proceeds from the offering for working capital. For more information, call Finis Conner, president, at 831-625-0863.
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