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.

 

Featured Transactions

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Press Releases

2016 - Year In Review

February 2017

As we look back on 2016, we would like to highlight some of the notable achievements during our 29th year in business.

It has been another strong year for CMM, as measured by the number of closed transactions, the valuations achieved for our clients, the recognition we have received and our continued personal involvement in our communities. Our success is a direct result of the trust and strong relationships with our clients, referral sources and friends.

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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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