Posts
January 04 2017
NeuroMetrix, Inc. announced the closing of their PIPE offering in the amount of $4,000,000. EG&S acted as counsel to the Placement Agent.
January 02 2017
PlacementTracker announced the most active law firms in the U.S. PIPE market for 2016. A total of $42.7 billion was raised in 875 transactions through 2016.
Ellenoff Grossman & Schole LLP ranked #1 for placement agent counsel; #3 for investor counsel and # 9 for issuer counsel.
Click here to view the league tables.
December 30 2016
Digital Ally, Inc. announced the closing of their Registered Direct offering in the amount of $4,000,000. EG&S acted as counsel to the Investor.
December 30 2016
Nemus BioSciences, Inc. announced the closing of their PIPE offering in the amount of $1,500,000. EG&S acted as counsel to the Investor.
December 29 2016
BioAmber Inc. announced the closing of their Underwritten offering in the amount of $8,896,796. EG&S acted as counsel to the Underwriter.
December 27 2016
Pacific Special Acquisition Corp. announced that it has signed a definitive merger agreement with Borqs International Holding Corp, a leading global provider of smart connected devices and cloud service solutions for the Internet of Things industry. Upon closing under the merger agreement, Borqs will become the operating entity of the combined company. EG&S acted as counsel to Pacific.
December 27 2016
Client Alert – Minimum Wage Changes for 2017
As 2017 quickly approaches, New York employers must prepare for scheduled minimum wage increases that will take effect December 31, 2016. Unlike in previous years, the applicable increased minimum wage will vary based upon where the employee is located and the size of the employer. Read the full alert here for the new minimum wage and overtime rates.
December 27 2016
Client Alert: Complete new 195.1 forms for your hourly restaurant employees
As we have previously notified you, New York’s minimum wage is increasing effective December 31, 2016. The new minimum wage varies according to where your business is located. to assist you in your legal compliance obligations, we have created the form that restaurant employers should fill out and provide to all non-exempt employees for signature before December 31, 2016. The form only applies to restaurant/hospitality employers with 11 or more employees in New York City.
Click here to read the full alert, with form included.