News & Events

  • April 28, 2014

    Box Ships, Inc. (NYSE:TEU) closed a $10.3 million underwritten follow-on offering of its publicly traded common shares and warrants. Maxim Group LLC acted as the sole book-runner and lead-managing underwriter. National Securities Corporation, a wholly owned subsidiary of National Holdings, Inc. acted as a co-manager of the offering. EG&S acted as counsel to the underwriters.

  • April 17, 2014

    Committed Capital Acquisition Corporation II completed its initial public offering in the amount of $35,000,000. EG&S acted as counsel to the underwriters.

  • April 17, 2014

    Highpower International Inc. announced the closing of their Registered Direct offering in the amount of $5,049,998.  EG&S acted as counsel to the Investor.

  • April 15, 2014

    Northwest Biotherapeutics Inc. announced the closing of their Registered Direct offering in the amount of $15,000,000.  EG&S acted as counsel to the Placement Agent.

  • April 11, 2014

    Ohr Pharmaceutical, Inc. announced the closing of their Registered Direct offering in the amount of $18,000,000.  EG&S acted as counsel to the Placement Agent.

  • April 10, 2014

    SG Blocks, Inc. announced the closing of their PIPE offering in the amount of $2,080,500.  EG&S acted as counsel to the Investor.

  • April 09, 2014

    Ellenoff Grossman & Schole LLP was ranked #1 for placement agent representation in PIPE transactions (by number of transactions) for Q1 2014.

    Click here to view the rankings

  • March 31, 2014

    Boldface Group, Inc. announced the closing of their PIPE offering in the amount of $1,120,000.  EG&S acted as counsel to the Investor.

  • March 28, 2014

    Synthesis Energy Systems, Inc. announced the closing of their Registered Direct offering in the amount of $15,000,000.  EG&S acted as counsel to the Placement Agent.

  • March 28, 2014

    Generex Biotechnology Corporation announced the closing of their PIPE offering in the amount of $2,075,000.  EG&S acted as counsel to the Investor.

  • March 27, 2014

    MagneGas Corporation announced the closing of their PIPE offering in the amount of $5,000,000.  EG&S acted as counsel to the Investor.

  • March 27, 2014

    The NYS Restaurant Association and Ellenoff Grossman & Schole LLP will present on April 1st an interactive program highlighting how to organize and implement Tip Pool arrangements that are compliant with New York and Federal law.

    Click here for more information

  • March 26, 2014

    Effective December 1, 2014, FINRA has new Consolidated Supervision Rules, 3110 and 3120 (See Regulatory Notice 14-10 March 19, 2013.) The new rules are the product of a nearly six year-long process begun in May 2008 by FINRA Regulatory Notice 08-24.  To help firms and their responsible persons determine their obligations under the new Rules, Ellenoff Grossman & Schole has prepared a Memorandum.

    Click here to read it.

  • March 26, 2014

    Spherix Incorporated completed a private placement in the amount of $4.4 million. EG&S acted as counsel to the placement agent.

  • March 26, 2014

    Uranium Resources, Inc. announced the closing of their Registered Direct offering in the amount of $10,296,000.  EG&S acted as counsel to the Investor.

  • March 25, 2014

    Ruthigen, Inc. announced the closing of their Initial Public Offering in the amount of $19,216,475.  EG&S acted as counsel to the Underwriter.

  • March 21, 2014

    Client Update:  New York City Earned Sick Time Act - Effective April 1, 2014

    Beginning April 1, the law, passed originally last summer, and significantly expanded by the City Council this past February, requires private-sector employers with 5 or more employees in New York City to offer at least 40 hours of annual paid sick leave to each employee. Employers with fewer than 5 employees in the city will be required to offer at least 40 hours of unpaid sick leave to each employee per year.  Click here to read some highlights of the new requirement.

  • March 21, 2014

    IsoRay, Inc. announced the completion of a registered direct offering in the amount of $14,675,180. EG&S acted as counsel to the placement agent.

  • March 21, 2014

    RiceBran Technologies completed a private placement in the amount of $4.9 million. EG&S acted as counsel to the placement agent.

  • March 14, 2014

    pSivida Corp. announced the closing of their Registered Direct offering in the amount of $7,000,000. EG&S acted as counsel to the Placement Agent.

  • March 13, 2014

    University General Health Systems, Inc. announced the closing of their PIPE offering in the amount of $1,232,000.  EG&S acted as counsel to the Investor.

  • March 13, 2014

    Anavex Life Sciences Corp. completed a private placement in the amount of $10 million. EG&S acted as counsel to the placement agent.

  • March 13, 2014

    Galmed Pharmaceuticals Ltd. completed its initial public offering in the amount of $39,700,000. EG&S acted as counsel to the underwriter.

  • March 12, 2014

    Saul H. Finkelstein, a member of the Firm, was invited to speak at C4CM's audio conference titled "GC Guide to Drafting, Updating & Negotiating Confidentiality Agreements for Corporate Mergers/Acquisitions."

  • March 07, 2014

    Mandalay Digital Group, Inc. announced the closing of their Underwritten offering in the amount of $16,273,207.  EG&S acted as counsel to the Underwriter.