News & Events

  • April 08, 2011

    Capital Gold Corporation (AMEX:CGC) announced the closing of its $420-million friendly merger with Gammon Gold Inc. (NYSE:GRS). More than 82 percent of Capital Gold’s shareholders voted, of which close to two-thirds voted in favor of the transaction. To close the transaction with Gammon Gold, Capital Gold successfully defended against a hostile takeover attempt by a rival mining company. EG&S acted as counsel to Capital Gold Corporation.

  • March 30, 2011

    AutoChina International Limited announced the completion of their registered direct offering of common stock in the amount of $70,000,000.  EG&S acted as counsel to the Placement Agent.*

     

    *Transaction was closed while members of the Firm were with Weinstein Smith LLP.

  • March 11, 2011

    BioDelivery Sciences International, Inc. (NASDAQ:BDSI) announced the closing of  their $15,000,000 private investment in public equity (PIPE) financing with institutional investors. EG&S acted as counsel to BDSI.
     

  • March 09, 2011

    BioSante Pharmaceuticals, Inc. announced the completion of their registered direct offering of common stock in the amount of $25,146,792.  EG&S acted as counsel to the Placement Agent.*

     

     *Transaction was closed while members of the Firm were with Weinstein Smith LLP.

  • March 01, 2011

    Swisher Hygiene, Inc. announced the acquisition of Choice Environmental Services, Inc., a Fort Lauderdale, Florida based residential and commercial solid waste services company, by way of a statutory merger involving a wholly-owned subsidiary of Swisher Hygiene. Swisher Hygiene contemporaneously concluded a private placement for aggregate gross proceeds of $58,246,875 (Canadian). EG&S acted as counsel to Broadband Capital Management LLC.

  • February 28, 2011

    We are pleased to announce that Asher S. Levitsky has joined our Firm's corporate practice group as Of-Counsel.  He joins the Firm from Sichenzia Ross Friedman Ference LLP.

    Click here to view his Announcement

  • February 18, 2011

    CityRover Media, Inc. announced the launch of a new venture called CityRover Walks. Walks are guided walking tours of New York that help locals and tourists alike discover the real New York and what makes it the greatest city on Earth. The four Walks itineraries are packed with history, trivia, stories of jealousy, murder, fortune, fame, intrigue, risk-taking and rivalry. What sets CityRover Walks apart from other guided tours are rest stops at authentic New York establishments and the option to book a private walking tour accompanied by a professional photographer. CityRover Walks are located at http://cityroverwalks.com/.

    The Firm represented CityRover Media in all aspects of establishing the CityRover Walks venture, including its corporate structure and its plan for conducting and promoting the business online.

  • February 09, 2011

    Greyhound Commissary, Inc. (OTCBB:GHND) consummated a share exchange transaction and concurrent US $7.67 million private placement pursuant to which it acquired the parent company of Guangzhou Tanke Industry Co., Ltd., a PRC government certified high tech company that is engaged in the development, manufacturing and distribution of environmentally-friendly feed additive products. EG&S acted as counsel to Euro Pacific Capital, Inc., the lead placement agent for the private placement.
     

  • February 04, 2011

    SulphCo, Inc. announced the completion of their registered direct offering of common stock in the amount of $2,000,000.  EG&S acted as counsel to the Investor.*

     

    *Transaction was closed while members of the Firm were with Weinstein Smith LLP.

  • January 31, 2011

    Targeted Medical Pharma, Inc. announced the completion of their reverse merger with AFH Acquisition III, Inc.  EG&S acted as counsel to Targeted Medical.

  • January 28, 2011

    EG&S represented The Pyramid Companies in connection with the closing of a $250,000,000 financing from JPMorgan Chase Bank, N.A. encumbering its retail shopping center known as Holyoke Mall at Ingleside, located in Holyoke, Massachusetts. The ten-year, fixed rate financing was structured with mortgage loan and mezzanine loan components. The Pyramid Companies (www.pyramidmg.com) are a privately held developer, owner and manager of innovative retail, entertainment, recreation and tourism centers, including 19 regional shopping centers, across the Northeast corridor.

  • January 26, 2011

    Xsovt, LLC announced their acquisition by RxBids (OTCBB:RXBD) via a concurrent change of control and securities exchange transaction. As a result of the acquisition, effective February 7, 2011, RxBids has changed its name to Xsovt Brands, Inc. and will now be traded on the OTCBB under the symbol XSVT. EG&S acted as counsel to Xsovt.
     

  • January 20, 2011

    Peter J. Guy, Of Counsel to the Firm, recently gave an online presentation entitled "Choice of Business Entity: How Owners Can Limit Taxes and Liability."

    Click here to view the presentation

  • January 18, 2011

    pSivida Corporation has announced the completion of their registered direct offering for common stocks in the amount of $11,050,000.  EG&S acted as counsel to the Placement Agent.*

     

    *Transaction was closed while members of the Firm were with Weinstein Smith LLP.

  • January 14, 2011

    Douglas S. Ellenoff and Stuart Neuhauser, members of the Firm, led a SPAC Webinar which discussed the status of the SPAC market, recent structural changes including the legal impact of the tender offer rules as an alternative to the traditional proxy regime; sponsor ownership; warrant pricing and a look into the impact on foreign private issuer SPACs.

    Click here to view the presentation
     

  • January 13, 2011

    ADVENTRX Pharmaceuticals, Inc. announced the completion of their registered direct offering of common stock in the amount of $22,507,529.  EG&S acted as counsel to the Investor.*

     

    *Transaction was closed while members of the Firm were with Weinstein Smith LLP.

  • January 10, 2011

    57th Street General Acquisition Corp announced that it entered into an agreement to merge with Crumbs Holdings, the NYC cupcake bakery.  EG&S acted as counsel to 57th Street.
     

  • January 07, 2011

    Broadridge Financial Solutions (NYSE:BR) recently announced its acquisition of Matrix Financial Solutions for $201 million in cash, subject to adjustments for net working capital. Broadridge acquired the stock of Matrix following a competitive sale process managed by Raymond James Associates. EG&S acted as counsel to Matrix and its shareholders in this transaction.

  • January 04, 2011

    2010 Year End PIPE Market Leadership

    Ellenoff Grossman & Schole LLP was ranked 15th in the country for PIPE Transactions (by number of deals).

    Click here to view the rankings

  • December 27, 2010

    According to IPO Vital Signs EG&S was the only law firm (below 100 lawyers) ranked amongst the top firms in the country for IPOs in 2010; we were ranked 12th in 2008. 

  • December 21, 2010

    CAMAC Energy, Inc. announced the completion of their registered direct offering for common stock in the amount of $20,502,024.  EG&S acted as counsel to the placement agent.*

     

    *Transaction was closed while members of the Firm were with Weinstein Smith LLP.

  • December 15, 2010

    FlatWorld Acquisition Corp. announced the closing of its initial public offering in the amount of $22,000,000. EG&S acted as counsel to FlatWorld.
     

  • December 10, 2010

    Advanced Battery Technologies, Inc. has announced the completion of their registered direct offering for common stock in the amount of $30,000,000.  EG&S acted as counsel to the placement agent.*

     

    *Transaction was closed while members of the Firm were with Weinstein Smith LLP.

  • December 08, 2010

    Tix Corporation announced the sale of Tix Productions, Inc., its wholly-owned subsidiary, in exchange for approximately 2.3 million shares of Tix Corporation. EG&S acted as counsel to Tix Corporation.
     

  • November 24, 2010

    Douglas S. Ellenoff, a member of the Firm, wrote a SPAC article for Aramar Capital Group, LLC titled: Generation III - The New Mechanisms of SPACs.

    Click here to read the article