Posts
March 27 2014
MagneGas Corporation announced the closing of their PIPE offering in the amount of $5,000,000. EG&S acted as counsel to the Investor.
March 26 2014
Effective December 1, 2014, FINRA has new Consolidated Supervision Rules, 3110 and 3120 (See Regulatory Notice 14-10 March 19, 2013.) The new rules are the product of a nearly six year-long process begun in May 2008 by FINRA Regulatory Notice 08-24. To help firms and their responsible persons determine their obligations under the new Rules, Ellenoff Grossman & Schole has prepared a Memorandum.
Click here to read it.
March 26 2014
Spherix Incorporated completed a private placement in the amount of $4.4 million. EG&S acted as counsel to the placement agent.
March 26 2014
Uranium Resources, Inc. announced the closing of their Registered Direct offering in the amount of $10,296,000. EG&S acted as counsel to the Investor.
March 25 2014
Ruthigen, Inc. announced the closing of their Initial Public Offering in the amount of $19,216,475. EG&S acted as counsel to the Underwriter.
March 21 2014
IsoRay, Inc. announced the completion of a registered direct offering in the amount of $14,675,180. EG&S acted as counsel to the placement agent.
March 21 2014
RiceBran Technologies completed a private placement in the amount of $4.9 million. EG&S acted as counsel to the placement agent.
March 21 2014
Client Update: New York City Earned Sick Time Act – Effective April 1, 2014
Beginning April 1, the law, passed originally last summer, and significantly expanded by the City Council this past February, requires private-sector employers with 5 or more employees in New York City to offer at least 40 hours of annual paid sick leave to each employee. Employers with fewer than 5 employees in the city will be required to offer at least 40 hours of unpaid sick leave to each employee per year. Click here to read some highlights of the new requirement.