Orient-Express Hotels Announces Pricing of Common Share Offering
Orient-Express Hotels Ltd. (NYSE: OEH, http://www.orient-express.com), today announced the pricing of its public offering of 12 million Class A common shares at a price of $10.00 per share. The Company has granted the underwriters an option to purchase up to an additional 1.8 million shares to cover over-allotments, if any. Subject to customary conditions, the offering is expected to close on or about Tuesday, January 19, 2010.
The Company intends to use the net proceeds from this offering, which are expected to be approximately $114 million (without giving effect to any
exercise of the underwriters’ over-allotment option) to pay the cash portion of the purchase price of two hotel properties located in Taormina, Sicily and for general corporate purposes.
Deutsche Bank Securities Inc. and Barclays Capital Inc. are acting as joint book-running managers and underwriters for the offering. [Read the full article]
China Information Security Technology, Inc. (Nasdaq: CPBY) (“CIST” or the “Company”), a leading total solutions provider of digital security, geographic information, and hospital information systems in China, today announced that the Company has completed its previously announced registered direct offering, raising an aggregate amount of approximately $20 million, before deducting placement agents’ fees and offering expenses. In the offering, an aggregate of 3,252,033 shares of the Company’s common stock, including 1,600,000 shares of common stock from the Company’s Chief Executive Officer, Mr. Jiang Huai Lin (the “Selling Stockholder”), and warrants to purchase up to 813,008 shares of
common stock were sold to certain accredited investors. The warrants will have a 45-day term from the date of issuance and will be exercisable at a
price of $6.15 per share. CIST intends to use the net proceeds for general corporate purposes. [Read the full article]
Cell Therapeutics, Inc. (Nasdaq and MTA: CTIC) (the”Company”) today announced that it has entered into an agreement to sell $30 million of shares of its Series 3 Preferred Stock and warrants to purchase shares of its common stock in a registered offering to two institutional investors. Each share of Series 3 Preferred Stock is convertible at the option of the holder, at any time during its existence, into approximately 823 shares of common stock at a conversion price of $1.21375 per share of common stock, for a total of approximately 24,690,000 common shares.
In connection with the offering, the investors received warrants to purchase up to 8,640,000 shares of common stock. The warrants have an exercise price of $1.18 per warrant share, for total potential additional proceeds to the Company of approximately $10.2 million upon exercise of the warrants. [Read the full article]
(http://www.myprgenie.com) — Drinks Americas Holdings, Ltd. (OTC Bulletin Board: DKAM), a leading owner, developer and marketer of premium beverages associated with renowned icons, announced today that the Company is planning to register an up to $30,000,000 Rights Offering with the Securities and Exchange Commission for tradable transferable subscription rights to purchase Units worth up to $30,000,000. Each holder of the Company’s outstanding shares of Common Stock as of the Rights Offering record date will receive a dividend of one (1) Right for each five hundred (500) shares of Common Stock owned. Each Right shall be exercisable into one (1) Unit, to consist of (i) one (1) voting share of Preferred Stock (the “Preferred Stock”) and (ii) one (1) 3-year cash exercise Warrant (the “Warrants”) exercisable into one (1) share of Preferred Stock. [Read the full article]