News & Events

  • November 20, 2017

    Amanda Fugazy, a member of the Firm, wrote an article titled: "Creating A Strategy To Comply With NY’s Pay Stub Mandates".  Click here to read the full article.

  • November 14, 2017

    Aspen REIT, Inc. filed with the Securities and Exchange Commission for a Regulation A+ offering, the proceeds of which will be used to purchase the St. Regis Aspen Resort.  EG&S is acting as counsel to Maxim Group LLC, the lead selling agent for the offering. 

  • November 14, 2017

    Helios and Matheson Analytics Inc. (“HMNY”), a provider of information technology services and solutions, and MoviePass Inc., a movie-theater subscription service, which provides film enthusiasts with a variety of subscription options to enhance their movie-going experience, announced that HMNY has entered into a securities purchase agreement with institutional investors for HMNY to issue convertible notes in the aggregate principal amount of $100,000,000, for the purpose of further funding MoviePass, and for general corporate purposes.  EG&S serves as counsel to MoviePass Inc.

  • November 08, 2017

    Ellex Medical Lasers Limited announced the closing of their PIPE offering in the amount of $23,000,000.  EG&S acted as counsel to Maxim Group LLC, the lead placement agent in the offering.

  • November 03, 2017

    M III Acquisition Corp. announced that it has entered into a definitive agreement and plan of merger with IEA Energy Services LLC, a leading engineering, procurement and construction company in the renewable energy sector.  MIII will be renamed as "Infrastructure and Energy Alternatives, Inc." upon consummation of the merger and is expected to continue to be listed on the Nasdaq Capital Market under the symbol "IEA".  EG&S acted as special SPAC counsel to MIII.

  • November 02, 2017

    Global Partner Acquisition Corp. (“GPAC”) and Purple Innovation, LLC (“Purple”) announced that they have entered into a definitive merger agreement pursuant to which Purple will become a subsidiary of GPAC, based on an initial enterprise value of Purple of approximately $900 million. The consummation of the merger will be subject to the terms and conditions set forth in the agreement.  EG&S acted as counsel to GPAC.

  • October 30, 2017

    Atossa Genetics Inc., a clinical-stage pharmaceutical company, announced the closing of its underwritten public offering in the amount of $5,500,000.  EG&S acted as counsel to Maxim Group LLC, the sole book-running manager for the offering.

  • October 23, 2017

    Immune Pharmaceuticals Inc., a biopharmaceutical company developing novel therapeutic agents for the treatment of immunologic and inflammatory diseases, announced the closing of an underwritten public offering in the amount of $18,000,000.  The offering was comprised of Series E Convertible Preferred Stock and warrants.  EG&S acted as counsel to Maxim Group LLC, the sole book-running manager in the offering.

  • October 23, 2017

    Bloomberg published an article titled "2017 IPOs Are Larger and Faster" which analyzes the IPO market activity for the first three quarters of 2017.  In the Diversified sector, Ellenoff Grossman & Schole led with 11 IPOs that raised a total of $2.10 billion, but Weil Gotshal & Manges participated in six IPOs that totaled $3.55 billion. Venable led the Financial sector with seven IPOs that raised a total of $2.76 billion. The Industrial sector was dominated by Latham & Watkins and Simpson Thacher & Bartlett, while the Technology sector was led by Wilson Sonsini Goodrich & Rosati.

    Click here to read the full article.

  • October 11, 2017

    Rimini Street, Inc., a global provider of enterprise software products and services, announced the closing of its merger with special purpose acquisition company GP Investments Acquisition Corp. The combined company will retain the Rimini Street, Inc. name and will trade on Nasdaq as “RMNI.”  The transaction was valued at $50,000,000. Cowen served as financial and capital markets advisor to Rimini Street, and EG&S acted as counsel to Cowen.

  • October 04, 2017

    Jaguar Health, Inc. announced the closing of its public underwritten offering of common stock in the amount of $4,250,000.   EG&S acted as counsel to the underwriter, Maxim Group, LLC.

  • October 03, 2017

    The Deal's exclusive League Table ranking tracks PIPEs that raise at least $1 million between January 1 and September 15, 2017.  Ellenoff Grossman & Schole LLP was the top-ranked agent legal counsel with eight placements advised and tied for second, with four placements advised for investor legal counsel.

    Click here to read the full report.

  • October 02, 2017

    Nacuity Pharmaceuticals, Inc. announced the closing of their private placement of preferred stock and warrants in the amount of $9,422,000 over three closings.  EG&S acted as counsel to Maxim Group LLC.

  • September 25, 2017

    China National Heavy Duty Truck Group Co. Ltd. announced that it has acquired 9.9% of UQM Technologies, Inc. (NYSE American: UQM) and has agreed to acquire an additional 24.1% of UQM subject to approval by the U.S. Committee on Foreign Investment in the United States (“CFIUS”). EGS is acting as counsel to CNHTC.

  • September 20, 2017

    Draper Oakwood Technology Acquisition, Inc. announced the closing of its initial public offering in the amount of $50,000,000.  EG&S acted as counsel to Draper Oakwood.

  • September 19, 2017

    Douglas Ellenoff, Stuart Neuhauser and Matthew Gray; members of the Firm, were invited by Strafford to participate on a Webinar titled:Special Purpose Acquisition Companies: Structuring IPOS and Facilitating Future Mergers and Acquisitions.  The panel discussed the disclosure and operational requirements particular to SPACs, the timing and valuation parameters relating to SPAC target acquisitions and issues that may arise in a SPAC’s initial business combination. The panel also discussed the typical pricing of SPAC securities and trust accounts.

    Click here to view the Strafford presentation.

  • August 28, 2017

    Cel-Sci Corporation announced the closing of their Registered Direct offering in the amount of $3,500,000.  EG&S acted as counsel to the Placement Agent.

  • August 22, 2017

    Lakeland Industries, Inc. announced the closing of their Underwritten offering in the amount of $10,005,000.  EG&S acted as counsel to the Underwriter.

  • August 21, 2017

    Avista Healthcare Public Acquisition Corp. announced that it has entered into a definitive merger agreement with Envigo International Holdings, Inc., a leading early stage non-clinical contract research organization offering a diverse set of non-clinical discovery and safety assessment services as well as laboratory animal science tools.  EG&S acted as special SPAC counsel to Envigo.

  • August 18, 2017

    EG&S acted as counsel to Movie Pass, Inc. which recently announced that it has entered into an agreement with Helios and Matheson Analytics Inc. pursuant to which Helios will buy 51% of the outstanding stock of MoviePass. MoviePass, a movie subscription technology company established in 2011, has been led by Netflix co-founder and former Redbox president Mitch Lowe as CEO since June 2016, along with MoviePass co-founder Stacy Spikes. The transaction will be valued at up to $27,000,000.

  • August 18, 2017

    I-AM Capital Acquisition Company announced the closing of its initial public offering in the amount of $50,000,000.  EGS acted as counsel to I-Am.

  • August 18, 2017

    Pacific Special Acquisition Corp. announced the closing of its business combination with Borqs International Holding Corp., a global leader in software and IoT products providing customizable, differentiated and scalable Android-based smart connected devices and cloud service solutions.  EG&S acted as counsel to Pacific.

  • August 16, 2017

    Enteromedics Inc. announced the closing of their Underwritten offering in the amount of $18,295,000.  EG&S acted as counsel to the Underwriter.

  • August 11, 2017

    BioAmber Inc. announced the closing of their Underwritten offering in the amount of $11,000.000.  EG&S acted as counsel to the Underwriter.

  • August 02, 2017

    Integrity Applications, Inc. announced the closing of their PIPE offering in the amount of $12,000,000.  EG&S acted as counsel to the Placement Agent.