Posts
November 08 2011
Thing Daemon, Inc., which owns and operates social media websites including theFancy.com, raised $10 million in private equity funding from a group of investors led by an affiliate of PPR, S.A. PPR is a global conglomerate of luxury brands including Gucci, Bottega Veneta and Yves Saint Laurent. EG&S acted as counsel to Thing Daemon.
November 08 2011
Pressure Biosciences, Inc. announced the closing of their registered direct in the amount of $842,999.95. EG&S acted as counsel to the Placement Agent.
November 08 2011
Ellenoff Grossman & Schole LLP represented affiliates of The Pyramid Companies in connection with the refinance of mortgage loans encumbering two of Pyramid’s larger retail centers: Palisades Center in West Nyack, New York, and Poughkeepsie Galleria Mall in Poughkeepsie, New York.
The $525 Million Dollar and $176 Million Dollar mortgage and mezzanine loans on the Palisades Center and Poughkeepsie Galleria Mall, respectively, were separate transactions with major institutional lenders, and closed concurrently on the same day.
November 07 2011
Nevada Gold & Casinos, Inc. announced the closing of their registered direct in the amount of $4,332,326.55. EG&S acted as counsel to the Placement Agent.
November 07 2011
Access Pharmaceuticals, Inc. announced the closing of their registered direct in the amount of $5,335,002.10. EG&S acted as counsel to the Placement Agent.
November 03 2011
Allen Schole, a member of the Firm, was a presenter of a workshop at the 2011 ICSC U.S. Shopping Center Law Conference held on October 26-28, 2011 in Phoenix, Arizona. The workshop focused on the landlord's and the tenant's perspectives on the conditions to delivery of possession of premises that are typically negotiated in a shopping center lease.
November 01 2011
Rodman & Renshaw Capital Group announced the closing of their PIPE in the amount of $6,650,000.00. EG&S acted as counsel to the issuer.
October 31 2011
Committed Capital represents the first funded non-traditional SPAC, blind pool, modeled after the UK cash shell. To consummate a business combination, Committed only requires board approval. It doesn't require any SEC review of the transaction prior to close and shareholders do not vote on the proposed deal nor do they have the right to the return of their capital except in the event that no business combination is identified and closed within 21 (or 24 under certain circumstances) months. As in the UK blind pools, management commits to invest at the IPO price adding additional capital to the cash shell. EG&S acted as counsel to the underwriters.