News & Events

  • June 22, 2015

    Douglas S. Ellenoff, a member of the Firm, was invited by the Toronto Stock Exchange to be part of a panel in their event titled "Taking Advantage of the SPAC Momentum on Toronto Stock Exchange."  Mr. Ellenoff spoke on the U.S. SPAC Experience.

  • June 18, 2015

    Alignvest Acquisition Corporation, a blank check company, set up primarily to buy an operating asset, is raising almost double the money it set out to generate via an initial public offering on the Toronto Stock Exchange.  The Toronto-based firm said it plans to sell 22.5 million units at $10 a unit and raise $225 million. It had initially set out to raise $125 million by selling 12.5 million units at $10 apiece.  EG&S is acting as counsel to Alignvest and the U.S. underwriters.

  • June 16, 2015

    Electrum Special Acquisition Corporation (NASDAQ: ELECU), a blank check company, announced the closing of its initial public offering in the amount of $200 million. EG&S acted as counsel to the underwriters.

  • June 02, 2015

    BioDelivery Sciences International, Inc. (NASDAQ:BDSI) announced a $30 million senior secured loan facility and refinancing with MidCap Financial.  EG&S acted as counsel to BioDelivery Sciences.

  • May 28, 2015

    Celsion Corporation announced the closing of their registered direct offering of common stock and warrants in the amount of $8,000,000.  EG&S acted as counsel to the Placement Agent, Maxim Group.

  • May 28, 2015

    Cullen Agricultural Holding Corp. (OTCBB:CAGZ) and Long Island Brand Beverages LLC, a growth-oriented company focused on the ready-to-drink (RTD) tea segment in the beverage industry, jointly announced that they have completed the previously announced merger of their respective companies.  EG&S acted as counsel to Long Island Brand Beverages.

  • May 21, 2015

    Amanda Fugazy, a member of the Firm, hosted a meeting of "Geek Girls Carrots" on the Top 10 Employment Law Mistakes By Start-Ups.  Click here to view the presentation.

  • May 04, 2015

    Alexium International, an ASX listed company, announced the closing of their private placement of ordinary shares and warrants in the amount of $8,450,000. EG&S acted as counsel to the Placement Agent, Maxim Group.

  • April 30, 2015

    ZaZa Energy Corporation announced the closing of their PIPE offering in the amount of $2,500,000.  EG&S acted as counsel to the Investor.

  • April 29, 2015

    Rare Element Resources Ltd. announced the closing of their Registered Direct offering in the amount of $3,400,000. EG&S acted as counsel to the Placement Agent.

  • April 29, 2015

    StemCells, Inc. announced the closing of their registered direct offering of common stock and warrants in the amount of $25,000,000.  EG&S acted as counsel to Maxim Group.

  • April 28, 2015

    Legend Oil and Gas, Ltd. announced the closing of their PIPE offering in the amount of $750,000.  EG&S acted as counsel to the Investor.

  • April 23, 2015

    Novogen Limited announced the closing of their private placement in the amount of AUD$15,525,000.  EG&S acted as counsel to the Placement Agent.

  • April 23, 2015

    James K. Landau, a member of the Firm, and John B. Horgan, successfully represented Corax Corporation, a property owner and former landlord of two commercial buildings located in Yonkers, New York.  Corax was suing its long time tenant, the City of Yonkers, for the cost of repairs for the damages caused to the buildings by the City’s department of public works.  The case was settled after a jury was selected and the City of Yonkers agreed to pay Corax $325,000 in damages.

  • April 21, 2015

    Dundee Acquisition Ltd. announced the closing of their initial public offering in the amount of $100,000,000.  EG&S acted as special U.S. spac counsel to the underwriters.

  • April 21, 2015

    Dundee Acquisition Ltd. announced the closing of their initial public offering in the amount of $100,000,000.  EG&S acted as special U.S. spac counsel to the underwriters.

  • April 18, 2015

    HedgePath Pharmaceuticals, Inc. (OTCQB:HPPI) announced that it had entered into a definitive agreement to receive a $2.5 million investment from an affiliate of Mayne Pharma Group Limited (ASX: MYX).  EG&S acted as counsel to HedgePath Pharmaceuticals. 

  • April 17, 2015

    Catasys, Inc. announced the closing of their Bridge offering in the amount of $2,000,000.  EG&S acted as counsel to the Placement Agent.

  • April 17, 2015

    Synthesis Energy Systems, Inc. announced the closing of their Registered Direct offering in the amount of $14,000,000.  EG&S acted as counsel to the Placement Agent.

  • April 16, 2015

    Synthesis Energy Systems, Inc. announced the closing of their Registered Direct offering in the amount of $14,000,000.  EG&S acted as counsel to the Placement Agent.

  • April 16, 2015

    EFactor Group Corp announced the acquisition of RocketHub Inc. in exchange for Efactor stock valued at an aggregate purchase price of $15 million.  The acquisition was structured as a merger of a newly formed subsidiary of EFactor with and into RocketHub, where RocketHub survived the merger as a wholly-owned subsidiary of EFactor.  EG&S acted as counsel to EFactor.

  • April 08, 2015

    Staffing 360 Solutions, Inc. announced the entry into a $25 million revolving credit facility and $3 million term loan with MidCap Financial.  EG&S acted as counsel to Staffing.

  • April 06, 2015

    XTL Biopharmaceuticals Ltd. announced the closing of their Registered Direct offering in the amount of $4,000,000.  EG&S acted as counsel to the Placement Agent.

  • April 06, 2015

    Inventergy, Inc. announced the closing of their Registered Direct offering in the amount of $2,150,000.  EG&S acted as counsel to the Company.

  • April 03, 2015

    Vapir Enterprises Inc. announced the closing of their PIPE offering in the amount of $500,000.  EG&S acted as counsel to the Investor.