News & Events

  • May 08, 2008

    Douglas S. Ellenoff, a member of the Firm, was part of the SPAC panel at The Second Annual Alternative Public Strateties Conference in New York.  Panelists weighed in on the resurgence in Special Purpose Acquisition Companies (SPACs), the latest trends, amount of capital raised and the current use of SPACs.

  • May 07, 2008

    Barry I. Grossman, a member of the Firm, was invited by The Los Angeles Venture Association (LAVA) to speak at their Investement Capital Conference in Los Angeles.  Mr. Grossman spoke about the different options in public financing; SPACs, IPOs and APPs, specifically.

  • April 23, 2008

    Douglas S. Ellenoff, a member of the Firm, was invited to speak at Morgan Joseph's Inagural SPAC Conference.  CEOs, hedge funds, private equity firms, and attorneys, among other professional services providers attended the event.  Topics discussed were issues relating to sponsorship, the latest legal matters affecting SPACs, alternatives to issuing a SPAC, advantages and opportunities, strategies for capitalizing on SPACs by private equity firms, trading strategies and new foreign frontiers for SPACs.

  • April 10, 2008

    Stuart Neuhauser and Brian Lee wrote an article for EQUITIES Magazine on SPACS and their continued surge in popularity.

    Click here to view the article

  • April 01, 2008

    Latis, LLC, a beverage importer, announced a $1,000,000 strategic equity financing.  EG&S acted as counsel to Latis, LLC.

  • March 18, 2008

    Barry I. Grossman, a member of the Firm, was invited to be master of ceremonies at Vintage Filings' second SPAC Conference in Boston.  Topics discussed included the state of the SPAC, SPAC vs IPO, Finding Targets and M&A issues.

  • March 18, 2008

    Counter Point Group, Inc. announced the closing of their PIPE deal in the amount of $561,000.  EG&S acted as counsel to the placement agent.

  • March 12, 2008

    Hambrecht Asia Acquisition Corp. announced the closing of its initial public offering.  Hambrecht Asia sold 4,000,000 units raising gross proceeds of $32,000,000.  EG&S acted as counsel to the underwriters in the offering.

  • February 28, 2008

    Barry I. Grossman, a member of the Firm, was invited to speak at Vintage Filings' SPAC Conference in San Francisco.  More than 200 attorneys, bankers and corporate executives attended the event.  The panel discussed topics ranging from the advantages of SPACs over IPOs, to valuing SPAC stock considerations.

  • February 19, 2008

    Soup Kitchen International, Inc. announced the closing of their Private Placement in the amount of $725,000.  EG&S acted as counsel to the placement agent.

  • February 19, 2008

    Enfield Holding Group, LLC announced the closing of their Private Placement in the amount of $750,000.  EG&S acted as counsel to the placement agent.

  • February 02, 2008

    2007 SPAC Rankings - Law Firms

    In 2007, 66 blank check companies raised $12.1 billion in their public offerings.  To date, they have raised $18.84 billion. 

    EG&S ranked #3 in the country for both issuer and underwriter SPAC financings.

    Click here to view rankings

  • January 31, 2008

    Hybrid Dynamics Corporation announced the closing of their Private Placement in the amount of $300,000.  EG&S acted as counsel to the placement agent.

  • January 18, 2008

    2007 IPO Leadership 

    Ellenoff Grossman & Schole LLP was ranked 16th out of over 100 law firms who have participated in some form of IPO representation, as either issuer's or underwriters' counsel.

    Click here to view the rankings

  • January 17, 2008

    Douglas S. Ellenoff, a member of the Firm, participated in Deal Flow Media's Webinar on SPACs - Modifying the Shareholder Redemption & Proxy Vote Process.  The webinar included a discussion of certain provisions in the structuring of SPAC IPOs that limit the number of shares stockholders may redeem.  It also addressed the ability of foreign private issuers submitting a proxy statement to shareholders without review by the SEC. 

  • January 14, 2008

    QMotions, Inc. completed its reverse acquisition with Actiga Corporation.  Concurrent with the closing, Actiga completed a PIPE of 2,000,000 units at a purchase price per unit of $1.25, resulting in proceeds of $2.5 million.  EG&S acted as counsel to QMotions.

  • January 14, 2008

    The Securities and Exchange Commission has recently broadened the eligibility requirements for "short form" registration of public offerings on Form S-3.  This rule change should provide our smaller clients (and the investment banks that cater to them) greater access to the capital markets.

    Click here to view our Client Alert on the new rules

  • January 11, 2008

    Douglas S. Ellenoff and Barry I. Grossman, members of the Firm, were invited by SMH Capital to sponsor the SPAC panel at it's Third Annual Investor Growth Conference.

    Click here for more details

  • December 17, 2007

    United Refining Energy Corp. announced the closing of its inital public offering.  United Refining sold 45,000,000 units raising $450,000,000.  EG&S acted as counsel to United Refining.

  • December 05, 2007

    Camden Learning Corporation announced the closing of its initial public offering.  Camden sold 6,250,000 units raising $52,800,000.  EG&S acted as counsel to Camden.

  • December 03, 2007

    The shareholders of Star Maritime Acquisition Corp. and its subsidiary, Star Bulk Carriers Corp. (Nasdaq:SBLK) have approved the acquisition of 8 dry bulk vessels from affiliates of TMT Co. Ltd. for an aggregate purchase price of $345,237,520, consisting of shares of Star Bulk and cash.  EG&S acted as securities counsel to the seller, TMT. 

  • November 07, 2007

    uWink, Inc. (OTCBB:UWKI) announced the closing of a best efforts registered public offering in the amount of $10.4 million.  EG&S acted as counsel to the lead placement agent, Merriman Curhan Ford & Co.

  • November 01, 2007

    Power Efficiency Corporation announced the closing of their private placement in the amount of $5,675,000.  EG&S acted as counsel to Power Efficiency.

  • November 01, 2007

    Control Environmental Services, Inc. has completed the acquisition of substantially all of the assets of Evolved Systems, Inc.  EG&S acted as counsel to Control Environmental.

  • October 25, 2007

    IPO Leadership - First Half of 2007

    Ellenoff Grossman & Schole LLP was ranked 9th out of 132 law firms who have participated in some form of IPO representation, as either issuer's or underwriters' counsel.

    Click here to view the Rankings