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January 23, 2017
EnteroMedics, Inc. announced the closing of their Underwritten offering in the amount of $20,125,009. EG&S acted as counsel to the Underwriter.
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January 23, 2017
PURE Bioscience, Inc. announced the closing of their PIPE offering in the amount of $5,000,000. EG&S acted as counsel to the Placement Agent.
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January 20, 2017
Uranium Energy Corp. announced the closing of their Underwritten offering in the amount of $25,996,254. EG&S acted as counsel to the Underwriter.
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January 11, 2017
Sequel Youth and Family Services and Global Partner Acquisition Corp. announce agreement for business combination. EG&S acted as special SPAC counsel to Global Partner Acquisition.
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January 09, 2017
OurCrowd Digital Health L.P., announced the completion of their $5.1Million offering of DarioHealth Corp where they were the lead investor. EG&S acted as counsel to OurCrowd.
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January 09, 2017
OXIS International Inc. announced the closing of their PIPE offering in the amount of $19,821.00. EG&S acted as counsel to the Placement Agent.
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January 04, 2017
NeuroMetrix, Inc. announced the closing of their PIPE offering in the amount of $4,000,000. EG&S acted as counsel to the Placement Agent.
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January 04, 2017
Client Alert: Updated Minimum Wage Developments in New York - 2017
On December 27, 2016, we alerted you to increases in the minimum wage for 2017. Since then, the New York State Department of Labor (“DOL”) issued new regulations, effective December 31, 2016, that re-introduced separate tip credit amounts for “service employees” and “food service workers” employed in the hospitality/restaurant industry.
Click here to read the updated alert.
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January 04, 2017
Client Alert: Minimum Salary Thresholds for Overtime Exemptions in New York - 2017
The New York State Department of Labor, with just two business days’ notice, increased the minimum weekly salary thresholds that employers must pay in order for their executive and administrative employees to be exempt from overtime pay obligations under New York State law. Moreover, the minimum salary thresholds will now vary according to the location and/or size of the employer.
Click here to read the alert.
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January 02, 2017
PlacementTracker announced the most active law firms in the U.S. PIPE market for 2016. A total of $42.7 billion was raised in 875 transactions through 2016.
Ellenoff Grossman & Schole LLP ranked #1 for placement agent counsel; #3 for investor counsel and # 9 for issuer counsel.
Click here to view the league tables.
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December 30, 2016
Digital Ally, Inc. announced the closing of their Registered Direct offering in the amount of $4,000,000. EG&S acted as counsel to the Investor.
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December 30, 2016
Nemus BioSciences, Inc. announced the closing of their PIPE offering in the amount of $1,500,000. EG&S acted as counsel to the Investor.
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December 29, 2016
BioAmber Inc. announced the closing of their Underwritten offering in the amount of $8,896,796. EG&S acted as counsel to the Underwriter.
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December 27, 2016
Pacific Special Acquisition Corp. announced that it has signed a definitive merger agreement with Borqs International Holding Corp, a leading global provider of smart connected devices and cloud service solutions for the Internet of Things industry. Upon closing under the merger agreement, Borqs will become the operating entity of the combined company. EG&S acted as counsel to Pacific.
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December 27, 2016
Client Alert - Minimum Wage Changes for 2017
As 2017 quickly approaches, New York employers must prepare for scheduled minimum wage increases that will take effect December 31, 2016. Unlike in previous years, the applicable increased minimum wage will vary based upon where the employee is located and the size of the employer. Read the full alert here for the new minimum wage and overtime rates.
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December 27, 2016
Client Alert: Complete new 195.1 forms for your hourly restaurant employees
As we have previously notified you, New York’s minimum wage is increasing effective December 31, 2016. The new minimum wage varies according to where your business is located. to assist you in your legal compliance obligations, we have created the form that restaurant employers should fill out and provide to all non-exempt employees for signature before December 31, 2016. The form only applies to restaurant/hospitality employers with 11 or more employees in New York City.
Click here to read the full alert, with form included.
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December 22, 2016
Hennessy Capital Acquisition Corp. II announced that they have entered into a definitive merger agreement with Daseke Inc. The transaction was valued at $626,000,000. EG&S acted as counsel to Hennessy.
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December 21, 2016
RXi Pharmaceuticals Corporation announced the closing of their Underwritten offering in the amount of $9,299,999. EG&S acted as counsel to the Underwriter.
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December 21, 2016
U.S. Energy Corp. announced the closing of their Registered Direct offering in the amount of $1,500,000. EG&S acted as counsel to the Placement Agent.
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December 20, 2016
Golden Minerals Company announced the closing of their At the Market offering in the amount of $5,000,000. EG&S acted as counsel to the Placement Agent.
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December 19, 2016
Terrapin 3 Acquisition Corporation announced that it has closed its business combination with Yatra Online valued at approximately $93 million, pursuant which Terrapin has become a partially owned subsidiary of Yatra. EG&S acted as counsel to Terrapin.
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December 19, 2016
Origo Acquisition Corporation announced that it has closed its business combination with Aina Le’a, Inc., a residential and commercial real estate developer of distinctive master-planned communities in Hawaii. EG&S acted as counsel to Origo.
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December 16, 2016
CytRx Corporation announced the closing of their Registered Direct offering in the amount of $8,100,000. EG&S acted as counsel to the Placement Agent.
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December 14, 2016
Superconductor Technologies Inc. announced the closing of their Registered Direct offering in the amount of $9,700,000. EG&S acted as counsel to the Placement Agent.
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December 14, 2016
Inspyr Therapeutics, Inc. announced the closing of their PIPE offering in the amount of $1,000,000. EG&S acted as counsel to the Placement Agent.