News & Events

  • September 10, 2015

    Client Alert: Get Prepared For Changes To The Overtime Exemptions
    The U.S. Department of Labor has proposed regulations raising the minimum salary that must be paid to an employee in order for that employee to be considered exempt from the overtime pay requirements of the Fair Labor Standards Act.  These regulations are anticipated to take effect in January 2016.  Click here to read more.

  • September 09, 2015

    James K. Landau and Anthony Galano III, members of the Firm, were invited by Lorman to conduct a live webinar on federal and state statutes and case law in order to help your clients collect their money.

    Attorneys are often presented with clients who risk losing cash flow due to the nonpayment of a debt by others. Attorneys must navigate the maze of federal and state statutes and case law in order to help their clients collect their money in an efficient and ethical manner.

    Click here to register.

  • September 09, 2015

    Global Partner Acquisition Corp. announced the closing of its initial public offering in the amount of $155,250,000.  EG&S acted as counsel to Global Partner.

  • September 04, 2015

    Paragon Shipping Inc. (NASDAQ: PRGN) initiated a $4 million at-the-market offering program with Maxim Group LLC as sales agent.  EG&S acted as counsel to Maxim Group.

  • September 03, 2015

    Cesca Therapeutics Inc. (NASDAQ: KOOL) announced the closing of its private placement in the amount of $15 million.  EG&S acted as counsel to the placement agent.

  • August 31, 2015

    Cesca Therapeutics Inc. announced the closing of their PIPE offering in the amount of $5,500,000.  EG&S acted as counsel to the Investor.

  • August 26, 2015

    Ceres, Inc. announced the closing of their Registered Direct offering in the amount of $2,100,000.  EG&S acted as counsel to the Placement Agent.

  • August 21, 2015

    X4 Pharmaceuticals, Inc. closed a Series A preferred financing transaction in the amount of $37.5 million.  EG&S acted as counsel to the placement agent.

  • August 19, 2015

    Ellenoff Grossman & Schole LLP is pleased to announce that John C. Stellabotte has joined the Firm as Partner.

    Click here to view his announcement.

  • August 18, 2015

    BG Medicine, Inc. announced the closing of their Underwritten offering in the amount of $2,500,000.  EG&S acted as counsel to the Underwriter.

  • August 17, 2015

    CYREN, Ltd. announced the closing of their Underwritten offering in the amount of $10,339,998.  EG&S acted as counsel to the Underwriter.

  • August 05, 2015

    SG Blocks, Inc. announced the closing of their PIPE offering in the amount of $150,000.  EG&S acted as counsel to the Investor.

  • August 05, 2015

    Chart Acquisition Corp. announced the closing of its PIPE financing and its subsequent business combination with Tempus Applied Solutions, LLC, an aviation solutions company, creating a new holding company called Tempus Applied Solutions Holdings, Inc.  EG&S acted as counsel to Chart.

  • July 30, 2015

    CERES, Inc. announced the closing of their Registered Direct offering in the amount of $1,555,200. EG&S acted as counsel to the Placement Agent.

  • July 29, 2015

    JM Global Holding Company announced the closing of its initial public offering in the amount of $50,000,000.  EG&S acted as counsel to JM Global Holding.

  • July 29, 2015

    Hennessy Capital Acquisition Corp. II announced the closing of its initial public offering in the amount of $175,000,000.  EG&S acted as counsel to Hennessy.

  • July 29, 2015

    House Democratic Whip Steny H. Hoyer (MD) held the second hearing in a series of hearings called “Make It In America: What’s Next?” After five years and 16 bills signed into law, and facing a different economic landscape today, the hearing series explored how the economy has, and hasn’t, changed, and what families and businesses need in 2015 to Make It In America.  Douglas Ellenoff, a member of the Firm, was invited to testify as an expert in the economic sector.

    Click here to view the hearing.

  • July 27, 2015

    Amanda M. Fugazy, a member of the Firm, was invited to speak at the InsideNGO annual conference at the Washington DC Convention Center on July 28th and July 29th.  She will be presenting a session titled “Global Volunteers, Interns and Fellows, Legal and Structural Issues” on July 28th and on July 29th she will be co-presenting a session titled “Employee Terminations: Legal Consideration and Transition Support” with Darren Kimball the owner of the The 5 O’clock Club. 

    Click here for more details.

  • July 23, 2015

    China Jo-Jo Drugstores, Inc. announced the closing of their Registered Direct offering amount of $3,000,000. EG&S acted as counsel to the Placement Agent.

  • July 22, 2015

    Digital Ally, Inc. announced the closing of their Registered Direct offering in the amount of $12,000,008. EG&S acted as counsel to the Investor.

  • July 21, 2015

    Spherix Incorporated announced the closing of their Shelf offering in the amount of $1,464,199. EG&S acted as counsel to the Investor.

  • July 17, 2015

    Cynata Therapeutics Limited announced the closing of their private offering in the amount of AUD$5,000,004. EG&S acted as counsel to the Placement Agent.

  • July 17, 2015

    Ellenoff Grossman & Schole LLP was ranked #1 for placement agent representation in PIPE transactions (by number of transactions) for the first half of 2015.

    Click here to view the rankings

  • July 16, 2015

    DriveWealth Holdings, Inc. closed a Series A preferred financing transaction with various investors, including Route66 Ventures, Neuberger Berman Private Equity Funds, Fenway Summer Ventures, LP, and SenaHill Partners LP. The transaction was valued at $6.2 million.  EG&S acted as counsel to DriveWealth.

  • July 14, 2015

    Staffing 360 Solutions, Inc. (OTCQB: STAF), announced that the Company consummated a $3.92 million convertible debenture transaction with Hillair Capital Investments L.P. and a concurrent acquisition of engineering staffing firm, Lighthouse Placement Services, LLC.  EG&S acted as counsel to Staffing 360.