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.
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.
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.
Carter Morse & Mathias is proud to announce that Managing Director Martin Magida has been appointed as an Expert with the CEO Trust and has recently been accepted to the Vistage Trusted Advisor Program.
Carter Morse & Mathias today announced that it has been won the "Deal of the Year: Media and Entertainment" for its work advising Tantor Media on its sale to Recorded Books, a portfolio company of private equity firm Wasserstein & Co. The awards was presented to CMM at the 5th Annual ACG New York Champion's Awards at the Metropolitan Club in New York. The Champion's Awards is a collaboration between the ACG (The Association for Corporate Growth) New York Chapter and The M&A Advisor. They are designed to acknowledge outstanding firms, transactions and dealmakers in the middle market mergers and acquisitions (M&A) industry. An independent panel of experts representing a cross-section of the middle market industry chose the winners from among the finalists.
Carter Morse & Mathias announced that Carolyn C. Galiette, Senior Managing Director at Ironwood Capital and Jack Krichavsky, President of Almada Corp., have joined its Board of Advisors, which consists of prominent business professionals from business sectors that are important to CMM's mission and its clients.
Securities are offered through Carter Capital Corporation, memberFINRA and SIPC.
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