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News & Events

Given the activity level of our attorneys, we are confident in showcasing the various matters that our clients have given us the privilege to work on and approved to post here.

Posts

  • July 29 2013

    Box Ships Inc. (NYSE:TEU) announced the closing of a public offering of 558,333 shares of its newly designated 9.00% Series C Cumulative Redeemable Perpetual Preferred Stock for gross proceeds of $13.4 million. EG&S acted as counsel to the underwriters of the public offering.
     

  • July 23 2013

    Oxygen Biotherapeutics Inc. announced the closing of their Registered Direct offering in the amount of $5,369,000.  EG&S acted as counsel to the Placement Agent.

  • July 19 2013

    Netlist, Inc. announced the closing of their Registered Direct offering in the amount of $1,000,000.  EG&S acted as counsel to the Investor.

  • July 18 2013

    Cardium Therapeutics announced the closing of their Registered Direct offering in the amount of $1,656,000.  EG&S acted as counsel to the Placement Agent.

  • July 15 2013

    Vuzix Corporation announced the closing of their PIPE offering in the amount of $200,000.  EG&S acted as counsel to the Investor.

  • July 11 2013

    Legend Oil and Gas, Ltd. announced the closing of their PIPE offering in the amount of $1,008,000.  EG&S acted as counsel to the Investor.

  • July 10 2013

    Client Alert

    SEC VOTES TO LIFT BAN ON GENERAL SOLICITATION FOR
    CERTAIN PRIVATE OFFERINGS

    The Securities and Exchange Commission voted today to eliminate the prohibition on general solicitation and general advertising for certain private offerings and sales solely to “accredited investors” conducted pursuant to new Rule 506(c) of Regulation D and Rule 144A under the Securities Act of 1933 (the “Securities Act”), as mandated by Section 201(a) of the Jumpstart Our Business Startups Act (the “JOBS Act”). The Commission also adopted rules to disqualify “felons and other ‘bad actors’” from participating in certain securities offerings as mandated by Section 926 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”). In conjunction with the new rule, the Commission approved a rule proposal requiring issuers to provide additional information about these securities offerings to enhance the SEC’s ability to “evaluate changes in the market and to address the development of practices” in Rule 506(c) offerings.

    The final rule amendments become effective 60 days after publication in the Federal Register. The rule proposals will undergo a 60-day public comment period following publication in the Federal Register.

  • July 08 2013

    BioDelivery Sciences International, Inc. (NASDAQ:BDSI) obtained a $20 million secured loan from an affiliate of MidCap Financial, LLC. EG&S acted as counsel to BDSI.

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