China-Solar

Deli Solar

Business Description

Deli Solar (n/k/a China Solar) designs and provides integrated renewable energy solutions for industrial clients and real estate developers in China and internationally.

Background

The Company required growth capital but was averse to issuing shares at its current share price. A structured PIPE deal was required to attract investors as well as protect the Company from excessive dilution.

Solution

A principal of Carter Morse & Mathias acted as the exclusive placement agent for Deli Solar’s PIPE, negotiating and placing the securities with institutional investors. In keeping with the Company’s desire to minimize dilution, a tiered offering was struck whereby the Company issued (i) shares at a slight discount to market for $2.75 million in proceeds and (ii) two sets of warrants with increasing strike prices that could raise up to an additional $7.6 million.

 

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Press Releases

Happy New Year! We've Moved!

January 2017

This is not just any New Year, nor is this just any new office! After more than 20 years in one place, CMM's new headquarters remains in Southport Village, but is now is located within The Tide Mill Building, a historic landmark built 1712. The building straddles the Southport Harbor and is literally on the water.

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ComNet has been acquired by ACRE

December 2016

Carter Morse & Mathias is pleased to announce that Communication Networks, LLC ("ComNet") has been acquired by Access Control Related Enterprises, LLC ("ACRE"), a portfolio company of the private equity firm LLR Partners. CMM acted as the exclusive financial advisor to ComNet for this transaction. 

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Excent Corporation has been acquired by Frontline Education

September 2016

Carter Morse & Mathias ("CMM") is pleased to announce that Excent Corporation, a provider of data management software solutions designed for special education and student intervention management, has been acquired by Frontline Education, the nation’s leading education software company backed by Insight Venture Partners ("Frontline").

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