Posts
October 20 2009
There can’t be many asset classes that boast an average IRR of 52 per cent. Search funds, in which an inexperienced entrepreneur is backed by angel investors to search for and acquire a business, have this enviable distinction.
October 16 2009
Chaparral Energy, Inc. and United Refining Energy Corp. have entered into an agreement to merge in a transaction valued at $1.8 billion. The combined company will be named Chaparral Energy, Inc. EG&S served as counsel to United Refining.
October 13 2009
Of the small companies surveyed by the SEC, 70 percent reported they had considered going private to avoid subjecting themselves to Section 404 requirements.
October 06 2009
Douglas S. Ellenoff, a member of the Firm, was invited by the OTCQX to participate in their "Listing Alternatives: Strategic Options for Small-Cap Public Companies" seminar. Mr. Ellenoff spoke on going dark and what companies need to know.
October 05 2009
2009 PIPE Market Leadership
Ellenoff Grossman & Schole LLP was ranked 8th in the country for PIPE Transactions (by number of transactions and investor counsel).
September 23 2009
Zoom Technologies, Inc. (NASDAQ:ZOOM) completed its share exchange with Gold Lion Holding Ltd. EG&S was counsel to Gold Lion Holding Ltd. We continue to represent the merged entity – Zoom Technologies, Inc.
September 22 2009
Spectrum Pharmaceuticals, Inc. announced the completion of their registered direct offering of common stock in the amount of $50,000,003. EG&S acted as counsel to the placement agent.*
*Transaction was closed while members of the Firm were with Weinstein Smith LLP.
September 15 2009
Generex Biotechnology Corporation announced the closing of a registered direct financing transaction for units, with each unit consisting of one share of its common stock and a warrant to purchase one share of its common stock. Gross proceeds to Generex from the transaction amounted to $12,250,000. EG&S acted as counsel to Maxim Group LLC, the co-placement agent for the financing.