News & Events

  • November 06, 2009

    For investors, search funds offer the opportunity for attractive returns compared with other similar asset classes, such as venture capital or private equity.

  • October 29, 2009

    Based in New Jersey, Black Opal is a special-purpose acquisition company (SPAC) that has raised an initial $500,000. The firm plans to raise further capital to invest in US companies with an EBITDA of $2.5m to $20m.

  • October 27, 2009

    Park National Corporation announced the completion of their registered direct offering of common stock in the amount of $30,795,000.  EG&S acted as counsel to the placement agent.*

     

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

  • October 22, 2009

    Douglas S. Ellenoff, a member of the Firm, was invited by SMH Capital to speak at ACG's 2nd Annual State of the Capital Markets Seminar.  Mr. Ellenoff spoke on Capital for Non-U.S. Issuers – Capitalizing on Financing Opportunities in a Growing Global Market.

  • October 22, 2009

    Triplecrown Acquisition Corp. completed its business combination with Cullen Agricultural Technologies, Inc.  Pursuant to the agreement, Triplecrown merged with and into Cullen Agricultural Holding Corp.  EG&S acted as counsel to Cullen.

  • October 20, 2009

    Zoom Technologies, Inc. announced the closing of a PIPE transaction in the amount of $10,000,000.  EG&S acted as counsel to Zoom.

  • October 20, 2009

    We are pleased to announce that Adrienne M. Ward has joined our Firm's broker-dealer practice group as Partner.  She joins the Firm from Morgan Lewis & Bockius LLP.

    Click here to view her Announcement

  • October 20, 2009

    There can’t be many asset classes that boast an average IRR of 52 per cent. Search funds, in which an inexperienced entrepreneur is backed by angel investors to search for and acquire a business, have this enviable distinction.

  • October 16, 2009

    Chaparral Energy, Inc. and United Refining Energy Corp. have entered into an agreement to merge in a transaction valued at $1.8 billion.  The combined company will be named Chaparral Energy, Inc.  EG&S served as counsel to United Refining.

  • October 06, 2009

    Douglas S. Ellenoff, a member of the Firm, was invited by the OTCQX to participate in their "Listing Alternatives: Strategic Options for Small-Cap Public Companies" seminar.  Mr. Ellenoff spoke on going dark and what companies need to know.

    Click here to view the presentation

  • October 05, 2009

    2009 PIPE Market Leadership

    Ellenoff Grossman & Schole LLP was ranked 8th in the country for PIPE Transactions (by number of transactions and investor counsel).

    Click here to view the rankings

  • September 23, 2009

    Zoom Technologies, Inc. (NASDAQ:ZOOM) completed its share exchange with Gold Lion Holding Ltd.  EG&S was counsel to Gold Lion Holding Ltd.  We continue to represent the merged entity - Zoom Technologies, Inc.

  • September 22, 2009

    Spectrum Pharmaceuticals, Inc. announced the completion of their registered direct offering of common stock in the amount of $50,000,003.  EG&S acted as counsel to the placement agent.*

     

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

  • September 15, 2009

    Generex Biotechnology Corporation announced the closing of a registered direct financing transaction for units, with each unit consisting of one share of its common stock and a warrant to purchase one share of its common stock.  Gross proceeds to Generex from the transaction amounted to $12,250,000.  EG&S acted as counsel to Maxim Group LLC, the co-placement agent for the financing.

  • September 10, 2009

    Lihua International, Inc. (Nasdaq:LIWA) announced the closing of its initial public offering, and full over-allotment exercise, in the amount of $10.4 million.  EG&S acted as counsel to the underwriters in the offering. 

  • August 27, 2009

    CNS Response, Inc. announced the closing of a PIPE transaction in the amount of $2.43 million.  EG&S acted as counsel to Maxim Group LLC, the placement agent for the financing.

  • August 27, 2009

    NovaBay Pharmaceuticals, Inc. announced the closing of a registered direct financing transaction for units, with each unit consisting of one share of its common stock and a warrant to purchase one share of its common stock.  Gross proceeds to NovaBay from the transaction amounted to $2.45 million.  EG&S acted as counsel to Maxim Group LLC, the placement agent for the financing.

  • August 25, 2009

    PacWest Bancorp announced the completion of their registered direct offering of common stock in the amount of $50,000,045.  EG&S acted as counsel to the placement agent.*

     

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

  • August 19, 2009

    At Eximius 09 Prof Das NarayanDas introduced an interesting concept called search funds. It seems to be very popular in US. He was keen on bringing this concept to India.

  • August 12, 2009

    Power Efficiency Corporation announced the closing of a PIPE transaction in the amount of $835,000.  EG&S acted as counsel to Power Efficiency.

  • August 03, 2009

    Design Within Reach, Inc. announced the closing of a PIPE transaction for shares of its common stock and convertible preferred stock in the amount of $15 million.  EG&S acted as counsel to Glenhill Special Opportunities Master Fund LLC, the sole purchaser in the transaction.

  • July 31, 2009

    Elephant Talk Communications, Inc. announced the closing of a PIPE transaction in the amount of $5,111,000 (which includes a $4.1 million debt conversion).  EG&S acted as counsel to Elephant Talk.

  • July 31, 2009

    Great American Group, Inc. announced the completion of its acquisition of 100% of the membership interests of Great American Group, LLC, a leading provider of asset disposition solutions and valuation and appraisal services to a retail, wholesale and industrial clients, lenders, capital providers, private equity investors and professional service firms.  The transaction has a potential aggregate value of approximately $200 million.  Great American Group, Inc. was formerly a subsidiary of Alternative Asset Management Acquisition Corp. ("AAMAC").  EG&S acted as counsel to both AAMAC and Great American Group, Inc.

  • July 28, 2009

    New Generation Biofuels Holdings, Inc. announced the closing of a registered direct financing transaction for shares of its common stock and warrants in the amount of $3.2 million.  EG&S acted as counsel to Capstone Investments, the placement agent for the financing.

  • July 20, 2009

    Biotheryx, Inc. announced the closing of their Private Placement in the amount of $2,000,000.  EG&S acted as counsel to Biotheryx, Inc.