Little Bear Investments LLC Announces the Closing of a Senior Secured Convertible Note with Advertape, Inc. d/b/a Mr. Prepaid
Wednesday November 26, 2003, 12:45 pm ET
NEW YORK, November 26 — Little Bear Investments LLC (“Little Bear”, or the “Firm”) announced today that it has recently completed a senior secured convertible note transaction with Advertape, Inc. d/b/a Mr. Prepaid (the “Company”), a prepaid wireless phone and pin distributor. As part of this transaction, Little Bear acted as principal in originating the loan, which has a term of three years and can be converted into common stock of the Company. Concurrent with this transaction, affiliates of the Company purchased shares of the Company’s common stock. The size of these transactions was not disclosed.
Monday November 17, 2003, 9:00 am ET
NEW YORK, November 17 — Little Bear Investments LLC (“Little Bear”) announced today that it has participated in a $7 million private placement of common stock and warrants of ImageWare Systems, Inc. (Amex: IW – “IWS”). As part of the transaction, IWS expects to pay off all of its outstanding 12.5% convertible secured debt. For more information regarding the private placement visit IWS’ web site at http://www.iwsinc.com
Little Bear Investments LLC Announces the Acquisition of Substantially all of divine, inc.’s Venture Portfolio
Friday May 16, 2003, 9:45 am ET
NEW YORK, May 15 /Businesswire/ — Little Bear Investments LLC (“Little Bear”, or the “Firm”) announced today that it has completed the purchase of substantially all of divine, inc.’s (“divine”) (DVINQ.PK) portfolio of venture investments.