News & Events

  • 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.

  • June 03, 2013

    Celsion Corporation announced the closing of their Registered Direct offering in the amount of $9,835,252.  EG&S acted as counsel to the Placement Agent.

  • May 30, 2013

    CorMedix Inc. announced the closing of their PIPE offering in the amount of $1,500,000. EG&S acted as counsel to the Investor.

  • May 28, 2013

    EDAP TMS S.A announced the closing of their Registered Direct offering in the amount of $12,000,000.  EG&S acted as counsel to the Placement Agent.

  • May 28, 2013

    EG&S was recognized as a “Top Trademark Firm” in the 2013 list compiled by Intellectual Property Today magazine based upon the total number of US registrations that EG&S obtained for its clients in 2012. EG&S obtained 49.2% more US trademark registrations in 2012 for its clients than it did in 2011.

  • May 22, 2013

    Douglas S. Ellenoff, a member of the Firm, was invited by FINRA to speak at their 2013 annual conference in Washington D.C.  Mr. Ellenoff spoke on the JOBS Act and the regulatory and compliance developments related to the JOBS Act. 

  • May 20, 2013

    Douglas S. Ellenoff, a member of the Firm, was invited by Oxford Valuation Partners, Crowd Valley and KPMG to participate in their event:  The new Crowdfunding Landscape for Equity Investment.  The landscape of funding options is rapidly changing, driven by new SEC no-action letters and changes stemming from the JOBS Act that are permitting a broader scope of activity in the space outside of the traditional networks. 

  • May 10, 2013

    Douglas S. Ellenoff, a member of the Firm, wrote an article that was published in the Vanderbilt Law Review titled "Making Crowdfunding CREDIBLE."

    Click here to read the article

  • May 10, 2013

    LabStyle Innovations Corp. (OTCBB:DRIO) announced the final closing of its PIPE offering in which the company raised gross proceeds of $10,000,000. EG&S acted as counsel to LabStyle.
     

  • May 10, 2013

    Senesco Technologies, Inc. announced the closing of their Registered Direct offering in the amount of $1,255,000. EG&S acted as counsel to the Placement Agent.