Posts
June 02 2020
ToughBuilt Industries, Inc. announced the closing of its firm commitment public offering of common stock and warrants in the amount of $19,017,000. EGS acted as counsel to Maxim Group LLC, the representative of the underwriters.
June 01 2020
Readying Your Business to Reopen
EGS can assist you in preparing to reopen your business by providing you with materials to help you ensure compliance with the many local, state and federal guidelines implemented to stop the spread of COVID-19.
Click here for more information.
June 01 2020
Client Alert: Paycheck Protection Program Updates
Over the past two weeks, the SBA has released further guidance and requirements regarding PPP loan forgiveness and importantly, set a new requirement in order to not have rejected offers of rehire affect borrower’s loan forgiveness.
Click here to read the alert.
May 28 2020
Senate Passes Bill on Oversight of Chinese Companies
EGS has summarized the new senate proposed rules on audit work papers and ownership by foreign governments.
Click here to read the memo.
May 26 2020
Seanergy Maritime Holdings Corp. announced the closing of their warrant restructuring in the amount of $3,600,000. EGS acted as counsel to Maxim Group LLC, the financial advisor to Seanergy.
May 26 2020
NASDAQ Proposes Tightened Rules for Smaller Chinese Companies Undertaking IPOs, Up-Listings and Mergers
This memo summarizes the new proposed Nasdaq rules for “Restrictive Market” companies, specifically Chinese based operating companies.
May 21 2020 Event
Mitchell F. Borger, a member of the Firm, will be a panelist on a NYSBA webinar, scheduled for Wednesday, May 27th, at noon, entitled “Employment Law in the Age of COVID-19 – Principles for Today and the Post COVID World.” The registration link can be found here.
May 20 2020
Top Ships Inc. announced the pricing of an additional registered direct offering of shares of common stock in the amount of $7,000,000. EGS acted as counsel to Maxim Group LLC, the sole placement agent in the offering.