Each one in plain English, with the numbers worked through for a shareholder.
18 Aug 2015listing compliance notice▼ BadMajor
Nasdaq told Dataram that CEO David Moylan's participation in the January 2015 financing breached shareholder-approval rules, with a September 30, 2015 deadline to cure. It also flagged the 10-K as incomplete, with a plan due in 60 days and a possible exception to February 10, 2016.
18 Nov 2014capital raising announcement▲ GoodMajor
Closed a roughly $2.7 million private placement of Series A Preferred Stock and warrants (at $5.00/share) under the October 2014 purchase agreement with Isaac Capital Group -- enough to bring the company back into compliance with Nasdaq's $2.5 million stockholders'-equity requirement.
Dataram agreed to sell a new class of preferred stock to Isaac Capital Group and Alpha Capital Anstalt, giving Isaac Capital the right to name two directors and Alpha Capital one - a change-of-control-style financing that set the stage for the company's eventual pivot away from the memory business.
Dataram disclosed that a $750,000 bridge-note financing from July 2014 - split between institutional investors and its own management - had its maturity pushed back three months to January 2015, a sign of ongoing cash strain.
Nasdaq again warned Dataram it could be delisted for failing the stockholders'-equity requirement; the company said it had already lined up a financing, subject to shareholder approval, to fix it.
18 July 2014capital raising announcement▼ BadMajor
Raised $750,000 through Subordinated Secured Convertible Bridge Notes and warrants, with $600,000 from institutional investors and $150,000 from the company's own management, officers and directors -- a distress-signaling bridge loan partly funded by insiders.
Dataram used its new Rosenthal & Rosenthal financing to fully repay and terminate its remaining $773,000 note to executive David Sheerr, ending years of insider lending and lowering its overall interest costs.
Dataram again fell below Nasdaq's minimum stockholders'-equity requirement, but said March capital raises (warrant exercises plus a new stock sale) had already pushed it back above the threshold.
Dataram extended its engagement with TriPoint Global Equities for yet another stock offering, continuing its reliance on small, repeated capital raises.