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CS - Delphi closes first funding tranche on road to recapitalization - October 2019
Delphi Energy Corp. closed a portion of its private placement of subscription receipts for gross proceeds of $2.1 million, selling 797,512 equity subscription receipts at $1.65 each and 1,067 note subscription receipts for $750 each. The company reported that insiders took 15% of the deal. The Oct. 15 sales put the company on a path to complete larger offerings that are expected to gross about $46.5 million later this month. In all, it expects......
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