News & Events

  • August 15, 2013

    Quinpario Acquisition Corp. (QPACU), announced the closing of its initial public offering in the amount of $172,500,000. EG&S LLP acted as counsel to Quinpario.

  • August 13, 2013

    Northwest Biotherapeutics Inc. announced the closing of their Registered Direct offering in the amount of $13,502,501.  EG&S acted as counsel to the Investor.

  • August 13, 2013

    OCZ Technology Group, Inc. announced the closing of their PIPE offering in the amount of $13,098,500.  EG&S acted as counsel to the Issuer.

  • August 09, 2013

    Superconductor Technologies Inc. announced the closing of their Underwritten offering in the amount of $12,000,000.  EG&S acted as counsel to the Underwriter.

  • August 06, 2013

    ParkerVision, Inc. announced the closing of their PIPE offering in the amount of $13,989,976.  EG&S acted as counsel to the Placement Agent.

  • July 30, 2013

    Aeterna Zentaris, Inc. announced the closing of their Registered Direct offering in the amount of $7,800,000.  EG&S acted as counsel to the Placement Agent.

  • July 29, 2013

    Box Ships Inc. (NYSE:TEU) announced the closing of a public offering of 558,333 shares of its newly designated 9.00% Series C Cumulative Redeemable Perpetual Preferred Stock for gross proceeds of $13.4 million. EG&S acted as counsel to the underwriters of the public offering.
     

  • July 23, 2013

    Oxygen Biotherapeutics Inc. announced the closing of their Registered Direct offering in the amount of $5,369,000.  EG&S acted as counsel to the Placement Agent.

  • July 19, 2013

    Netlist, Inc. announced the closing of their Registered Direct offering in the amount of $1,000,000.  EG&S acted as counsel to the Investor.

  • July 18, 2013

    Cardium Therapeutics announced the closing of their Registered Direct offering in the amount of $1,656,000.  EG&S acted as counsel to the Placement Agent.

  • July 15, 2013

    Vuzix Corporation announced the closing of their PIPE offering in the amount of $200,000.  EG&S acted as counsel to the Investor.

  • July 11, 2013

    Legend Oil and Gas, Ltd. announced the closing of their PIPE offering in the amount of $1,008,000.  EG&S acted as counsel to the Investor.

  • July 10, 2013

    Client Alert 

    SEC VOTES TO LIFT BAN ON GENERAL SOLICITATION FOR
    CERTAIN PRIVATE OFFERINGS

    The Securities and Exchange Commission voted today to eliminate the prohibition on general solicitation and general advertising for certain private offerings and sales solely to "accredited investors" conducted pursuant to new Rule 506(c) of Regulation D and Rule 144A under the Securities Act of 1933 (the "Securities Act"), as mandated by Section 201(a) of the Jumpstart Our Business Startups Act (the “JOBS Act”). The Commission also adopted rules to disqualify "felons and other 'bad actors'” from participating in certain securities offerings as mandated by Section 926 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”). In conjunction with the new rule, the Commission approved a rule proposal requiring issuers to provide additional information about these securities offerings to enhance the SEC's ability to "evaluate changes in the market and to address the development of practices" in Rule 506(c) offerings.

    The final rule amendments become effective 60 days after publication in the Federal Register. The rule proposals will undergo a 60-day public comment period following publication in the Federal Register.

  • July 08, 2013

    BioDelivery Sciences International, Inc. (NASDAQ:BDSI) obtained a $20 million secured loan from an affiliate of MidCap Financial, LLC. EG&S acted as counsel to BDSI.

  • July 02, 2013

    Ellenoff Grossman & Schole LLP was ranked #1 for placement agent representation in PIPE transactions (by number of transactions) for 2013 year to date.

    Click here to view the rankings

  • June 28, 2013

    Stevia First Corp. announced the closing of their Registered Direct offering in the amount of $1,250,000.  EG&S acted as counsel to the Placement Agent.

  • June 28, 2013

    CombiMatrix Corp. announced the closing of their PIPE offering in the amount of $1,200,000. EG&S acted as counsel to the Investor.

  • June 25, 2013

    Soligenix, Inc. (OTCBB:SNGX) closed a $7.1 million registered offering of common stock and warrants. Maxim Group LLC acted as lead placement agent for the offering. EG&S acted as counsel to Maxim Group.

  • June 21, 2013

    Cleantech Solutions International, Inc. (CLNT) announced that it has raised $1,927,791 in a Common Stock transaction. EG&S acted as counsel to Cleantech.

  • June 20, 2013

    Generex Biotechnology Corporation announced the closing of their PIPE offering in the amount of $1,225,000.  EG&S acted as counsel to the Investor.

  • June 20, 2013

    Boldface Group, Inc. announced the closing of their Registered Direct offering in the amount of $1,500,000.  EG&S acted as counsel to the Investor.

  • June 18, 2013

    Ecotality, Inc. announced the closing of their PIPE offering in the amount of $8,194,476.  EG&S acted as counsel to the Placement Agent.

  • June 14, 2013

    Joan Adler, of-counsel to the Firm, was invited on behalf of Ellenoff Grossman & Schole LLP to join a selected number of other law firms to preview FINRA's proposed upgrades to its Public Offering System. As a frequent filer on behalf of underwriters and placement agents for registered deals, EG&S is a recognized representative of smaller broker-dealers and issuers. EG&S has enjoyed a longstanding dialogue with FINRA and other regulators regarding the needs and interests of smaller market participants and their clients.

  • June 10, 2013

    NeuroMetrix, Inc. announced the closing of their PIPE offering in the amount of $4,956,632.  EG&S acted as counsel to the Placement Agent.

  • June 05, 2013

    Douglas S. Ellenoff, a member of the Firm, was invited to attend the Champions of Change ceremony at the White House honoring those using crowdfunding to fuel job growth and fuel the economy. The Champions of Change event will honored enterprising entrepreneurs and small business owners for fueling business growth through crowdfunding.