Sichenzia Ross Ference LLP

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Sichenzia Ross Ference LLP is a full service law firm with a nationally recognized corporate, securities and litigation practice that provides experienced representation in all matters involving the securities industry.  In addition to handling routine to complex commercial matters, SRF’s renowned litigation department specializes in defending companies and individuals against all types of securities cases, including class action lawsuits, shareholder derivative actions, and matters involving allegations of fraud, misrepresentation or other securities violations.  The litigation team has also brought defamation lawsuits against companies and individuals related to market manipulation.  Additionally, it represents individuals and companies in investigations by the Securities and Exchange Commission (SEC) and other regulatory bodies.  The litigation team has a robust practice representing brokers and broker-dealers in arbitrations before the Financial Industry Regulatory Authority (FINRA).  These arbitrations typically involve claims of unsuitability, churning, unauthorized trading and other allegations of broker misconduct.  Finally, SRF has a burgeoning expungement practice, where it represents brokers seeking to have negative and harmful customer complaints removed from their industry records.  The firm complements its core practice areas with an established commercial real estate and trusts and estates practice. Visit SRF's LinkedIn page

Sichenzia Ross Ference LLP Represents High Tide Inc. in the $20.64 million acquisition of Fab Nutrition, LLC

hightide inc logo

Press Release – New York, NY – May 10, 2021 – Sichenzia Ross Ference LLP announced today that its mergers and acquisitions team has represented High Tide Inc. (OTCQB:HITIF) in its acquisition of Fab Nutrition, LLC, (FABCBD), one of the leading online retailers of hemp-derived CBD products.

High Tide has entered into a definitive agreement pursuant to which they have acquired 80% of FABCBD for US$20.64 Million and has been granted a three-year option to acquire the remaining 20% of FABCBD at any time. The consideration for the merger was comprised of: (i) 12,469,135 common shares of High Tide valued at US$8.08 Million on the basis of a deemed price per High Tide Share of $0.648, being equal to the volume weighted average price per High Tide Share on the TSXV for the 10 consecutive trading days preceding the closing of the Transaction; and (ii) US$12.56 Million in cash.  

High Tide Inc. is a retail-focused cannabis company enhanced by the manufacturing and distribution of consumption accessories. The Company is the most profitable Canadian retailer of recreational cannabis as measured by Adjusted EBIDTA, with 85 current locations spanning Ontario, Alberta, Manitoba and Saskatchewan.

The Sichenzia Ross Ference LLP team was led by partner Arthur Marcus and associate Mayank Pradhan. This is the second U.S. acquisition that SRF has acted as counsel for High Tide in 2021.

Sichenzia Ross Ference LLP Represents Aegis Capital in $48.3 Million Underwritten Public Offering of Farmmi, Inc. 

farmmi inc logo

Press Release – New York, NY – May 3, 2021 – Sichenzia Ross Ference LLP announced today that it represented Aegis Capital Corp. as sole book runner in the underwritten public offering of 140,000,000 ordinary shares, and 21,000,000 additional shares from the exercise of the underwriter’s option to purchase such shares to cover over-allotments, of Farmmi, Inc. (NASDAQ: FAMI), a leading agricultural products supplier, processor and retailer of Shiitake mushrooms and other edible fungi. The offering was priced at $0.30 per share and the gross proceeds from the offering were $48.3 million.

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Sichenzia Ross Ference LLP Wins Appeal Before the Second Circuit in a Lawsuit Brought By Investors in Connection with a Private Placement

On April 30, 2021, Sichenzia Ross Ference LLP (“SRF”), on behalf of its clients, CodeSmart Holdings, Inc. (“CodeSmart”) and Sharon Franey, won an appeal brought by certain investors in CodeSmart (together, the “Investors”) before the United States Court of Appeals for the Second Circuit, which affirmed a lower Court’s dismissal of the Investors’ lawsuit.  The Second Circuit’s decision represents a major victory for SRF and its clients after extensive motion practice in a case that has been pending since 2014.

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Sichenzia Ross Ference LLP Represents American Battery Metals Corporation in a $15.0 Million Registered Direct Offering

american battery metals corporation logo

Press Release – New York, New York – April 29, 2021 – Sichenzia Ross Ference LLP announced today that it represented American Battery Metals Corporation (OTCQB: ABML), an American-owned lithium-ion battery recycling technology and advanced extraction company with extensive mineral resources in Nevada, in a registered direct offering of common stock at a purchase price of $1.65 per share with a single institutional investor.

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Document Security Systems, Inc. Completes a $30 Million Investment in Sharing Services Global Corporation 

document security systems logo

Press Release – New York, NY – April 22, 2021 – Document Security Systems, Inc. (NYSE American: DSS), a multinational company operating businesses focused on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, finalized an investment in Sharing Services Global Corporation (OTCQB: SHRG) (“Sharing Services”), through a $30 million convertible promissory note. SHRG is a publicly traded company dedicated to maximizing shareholder value through the acquisition and development of innovative companies, products, and technologies in the direct selling industry. 

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Mid-level Litigation Associate

  • 5+ years of business litigation experience in State and Federal Courts
  • Securities Arbitration experience a plus
  • Strong writing and research experience
  • First chair experience in oral argument, depositions and arbitrations
  • Experience in handling regulatory inquiries/investigations
  • Ability to run and oversee one’s own caseload

Please send resumes to tbarone@srf.law

Senior Level Corporate Associate

Sichenzia Ross Ference LLP  is seeking a Senior-Level Corporate Associate with 5+ years of experience in the field of securities and corporate law. This is an excellent opportunity for skilled candidates looking to work in a nationally recognized securities practice located in midtown NYC.

Salary Range: Low: $200,000 – High: $300,000

Sichenzia Ross Ference LLP offers a comprehensive compensation and benefits package including a bonus and potential % of origination on new business.

 

Qualifications:

  • Knowledge with registered securities offerings, PIPEs, SEC regulations, ’33 Act Registration Statements, and ’34 Act periodic filings, mergers & acquisitions, general corporate law and SEC research
  • A minimum of 5 years of experience with regulatory requirements and compliance issues
  • Self-motivated and proactive approach to managing client relationships: must be invested in our clients and deeply committed to obtaining the best possible outcome for them.
  • Excellent interpersonal communication skills and exemplary attention to detail.
  • 2+ years of substantive legal experience working for high-growth, early-stage businesses and active investors in connection with incorporations, equity financings, securities, mergers and acquisitions, and general corporate counseling.

Please send resumes to tbarone@srf.law

Mid Level Corporate Associate

Sichenzia Ross Ference LLP  is seeking a Mid-Level Corporate Associate with 2+ years of experience in the field of securities and corporate law. This is an excellent opportunity for skilled candidates looking to work in a nationally recognized securities practice located in midtown NYC. 

 Salary Range: Low: $150,000 – High: $225,000

 Sichenzia Ross Ference LLP offers a comprehensive compensation and benefits package including a bonus and potential % of origination on new business.

 

Qualifications:

• Knowledge with registered securities offerings, PIPEs, SEC regulations, ’33 Act Registration Statements, and ’34 Act periodic filings, mergers & acquisitions, general corporate law and SEC research

• A minimum of 3 years of experience with regulatory requirements and compliance issues

• Self-motivated and proactive approach to managing client relationships: must be invested in our clients and deeply committed to obtaining the best possible outcome for them.

•  Excellent interpersonal communication skills and exemplary attention to detail.

•  2+ years of substantive legal experience working for high-growth, early-stage businesses and active investors in connection with incorporation, equity financing, securities, mergers and acquisitions, and general corporate counseling.

Please send resumes to tbarone@srf.law

Sichenzia Ross Ference LLP Represents Amplitech Group, Inc. in $23.0 Million Registered Direct Offering   

amplitechgroup logo

Press Release – New York, New York – April 16, 2021 – Sichenzia Ross Ference LLP announced today that it represented Amplitech Group, Inc. (NASDAQ: AMPG), a designer, developer, and manufacturer of custom and standard state-of-the-art RF components for Commercial, SATCOM, Space, Defense, and Military markets, in a registered direct offering of 2,715,000 shares of common stock priced at-the-market under Nasdaq rules. Additionally, the Company issued to the investors warrants to purchase an aggregate of 1,900,500 shares of common stock at an exercise price of $8.48 per share with a five-year term in a concurrent private placement. The combined purchase price for one share of common stock with 70% warrant coverage was $8.48. The gross proceeds from the offering were $23.0 million. 

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PARTNER ANDREW M. J. BERNSTEIN TO PRESENT UPCOMING VIRTUAL CLEs FOR NYSBA

Andrew M. J. Bernstein, Partner and leader of Sichenzia Ross Ference LLP’s White-Collar Defense and Investigations practice, presented on Monday April 12, 2021, “Preparing Your Client to Testify before a Grand Jury” the first of three virtual CLEs for the New York State Bar Association (NYSBA).

The next CLE “Making an Initial Appearance in a NY Criminal Case: Remote and In-Person” will take place on Monday April 19, 2021 at 12:00 PM. This course will provide an overview of what to expect when representing a criminal defendant at a remote or in-person initial presentment or arraignment during COVID-19.

SIGN UP HERE

The final CLE “Grand Jury Practice for Criminal Defense Attorneys in New York State” will take place on Monday April 26, 2021 at 12:00 PM. This course will cover the law governing grand juries, grand jury presentations by the prosecutor, and the intricacies and responsibilities of criminal defense attorneys representing defendants who will be or are considering appearing before a grand jury in New York State.

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Sichenzia Ross Ference LLP Represents Biosolar, Inc. in $5.0 Million Registered Direct Offering

biosolar logo

Press Release – New York, New York – April 7, 2021 – Sichenzia Ross Ference LLP announced today that it represented Biosolar, Inc. (OTC: BSRC), a developer of energy technologies, in a registered direct offering with a single institutional investor to purchase 125,000,000 shares of its common stock (or common stock equivalents in lieu thereof)  and warrants to purchase an aggregate of up to 125,000,000 shares of common stock. The combined purchase price for one share of common stock and a warrant to purchase one share of common stock is $0.04. The warrants have an exercise price of $0.04 per share, are immediately exercisable and will expire five years from the issuance date. The gross proceeds from the offering were $5.0 million.

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New York State’s Marijuana Regulation and Taxation Act

On March 30, 2021, the New York State Assembly and State Senate approved the Marijuana Regulation and Taxation Act (MRTA) legalizing, taxing, and regulating recreational marijuana in New York State.  The following day, the Governor signed MRTA into law, marking the end of the battle between lawmakers over recreational cannabis in New York, and setting the stage for the emergence of a multi-billion dollar industry. MRTA reforms New York’s criminal laws pertaining to cannabis and directs the reinvestment of substantial portions of tax revenues[1] to communities disproportionally affected by previous drug laws, and also sets forth specific procedures and regulations concerning the impending licensure of persons and organizations to cultivate, process, distribute, and sell cannabis for recreational use by persons aged twenty-one (21) and older.

The Office of Cannabis Management (OCM) & Cannabis Control Board:

MRTA establishes the Office of Cannabis Management, an independent entity within the Division of Alcoholic Beverage Control, comprised and governed by a five-member Cannabis Control Board. The Cannabis Control Board shall have the authority to prescribe forms of applications, licenses and permits, as well as the discretion to make the preliminary determinations on the issuance of more than ten (10) different types of cannabis licenses.

Recreational Cannabis Market Structure & Types of Licenses:

MRTA establishes a tiered market structure for recreational cannabis, modeled after the state’s alcohol industry. License categories for adult-use include cultivation, processing, distribution, retail dispensaries, registered organizations certified for medical use, consumption sites, and delivery. There will also be a Cooperative License category that will authorize groups of individuals to cultivate and process cannabis products; a Nursery License to allow for immature plants to be grown and sold to other licensees; and a Microbusiness License to allow the holder to cultivate, produce, and retail their own cannabis products in limited size quantities.

See the below chart[2] highlighting certain features of each category of adult-use recreational licenses classified by MRTA.

ADULT-USE LICENSE TYPE: AUTHORIZES: FEATURES/RESTRICTIONS:
Cultivator License Acquisition, possession, distribution, cultivation, and sale of cannabis to licensed processors May apply for and obtain ONE processor’s license and ONE distributor’s license solely for the distribution of their own Products.

Cannot hold a retail dispensary license.

Registered Organization Adult-Use Cultivator Processor Distributor Retail Dispensary License Certified for medical use and includes the same authorizations and conditions as adult-use cultivator, adult-use processor, adult-use distributor and adult-use retail dispensary licenses Location of dispensaries shall be limited to only three of the organizations medical dispensaries’ premises and facilities.

May only distribute its own products

May not also hold another retail dispensary license.

Registered Organization Adult-Use  Cultivator,  Processor  and

Distributor License

Certified for medical use and includes the same authorizations and conditions as an adult-use cultivator, processor, and distributor licenses. Does not qualify such organization for any other adult-use license and may only authorize the distribution  of  the licensee’s own products.
Processor License Acquisition, possession, processing and sale from cultivators to processors or distributors License may authorize processing activities at multiple locations if authorized by Board.
Cooperative License Acquisition, possession, cultivation, processing, distribution, and sale to distributors, on-site consumption sites, registered organization and/or retail dispensaries, but NOT directly to consumers. Must be comprised of residents of state of New York as LLC of LLP. LLC and LLP must adhere to various other organizational structure requirements.
Distributor License Acquisition, possession, distribution and sale from cultivator, processor, cooperative, microbusiness, or registered organizations to retail dispensaries and onsite consumption sites Cannot have direct or indirect economic interest in microbusiness, retail dispensary, on-site consumption, or registered organization.  In the event of direct or indirect interest in cultivator or processor licensee, can only distribute products cultivated or processed by such licensee.
Retail Dispensary License Acquisition, possession, sale and delivery license shall authorize the acquisition, possession, sale, and delivery from licensed premises to cannabis consumers. No person can have a direct or indirect interest in more than three retail dispensary licenses, and cannot hold a cultivation, processor, microbusiness, cooperative, or distributor license, or be registered as a registered organization. Must be owner of premises in which retail license is applied for or demonstrate possession of premises within thirty days of final approval through lease, management agreement, or other agreement for duration of license period.
Microbusiness License Limited cultivation, processing, distribution, delivery, and dispensing of their own cannabis and cannabis products May not hold a direct or indirect interest in any other license. Size scope, and eligibility criteria shall be determined in regulation by the board.
Delivery License Delivery of cannabis and cannabis products independent of another cannabis license Limited to no more than 25 individuals or equivalent thereof in providing full-time paid delivery services to consumers.
Nursery license Production, sale, and distribution of clones, immature plants, seeds, and other agricultural products used specifically for the planting, propagation, and cultivation of cannabis. May apply for one nursery license to sell directly to other cultivators, cooperatives, microbusinesses, or registered organizations.
On-Site Consumption License Areas licensed solely for the purpose of recreational cannabis use. Cannot hold interest in more than three on-site consumption licenses. Must be owner of premises in which retail license is applied for or demonstrate possession of premises through lease for duration of license period unless leased from gov’t agency. Cannot hold any other cannabis licenses.

Application Process:

The Cannabis Control Board is granted the discretion to prescribe the form of applications, licenses, and fees. It may also limit the number of  registrations,  licenses and permits of each class to be issued within the state or any political subdivision  thereof,  in  a  manner  that  prioritizes social  and  economic  equity  applicants with the goal of awarding fifty percent to such applicants.  It also aims to consider small business opportunities and concerns, avoid market dominance in sectors of the industry, and reflect the demographics of the state.  At this time, the form of the application and associated fees for licensing have not yet been promulgated, but we expect the application decision-making criteria to include a wide range factors unique to each class of license.

If you have any questions about MRTA and navigating this emerging landscape of recreational cannabis in New York, please do not hesitate to contact Marc J. Ross, Esq. at 212-398-5541, mross@srf.law, or Michael Cuttitta, Esq. at 212-981-6770, mcuttitta@srf.law.[3]

[1] MRTA imposes a 9% state tax and 4% local tax for retail sales of cannabis.  MRTA imposes an additional requirement that adult-use distributors remit taxes based on the per milligram amount of THC (0.5 cents for cannabis flower, 0.8 cents for cannabis concentrate, 3.0 cents for edibles).

[2] This chart is intended to highlight the main features of each category of license; it is not, nor is it intended to be, all-inclusive of every regulation and authorization pertaining to each category of license.

[3] This MRTA Alert is for general information purposes and is not intended to advertise our services, solicit clients or represent our legal advice.

Sichenzia Ross Ference LLP Represents SeaChange International, Inc. in $19.1 Million Public Offering of Common Stock

seachange logo

Press Release – New York, NY – April 5, 2021 – Sichenzia Ross Ference LLP today announced that it represented SeaChange International, Inc. (NASDAQ: SEAC), a leading provider of video delivery platforms, in a public offering of 10,323,484 shares of the company’s common stock.  The offering was priced at $1.85 per share, which was above the five-day average closing price of $1.26. The gross proceeds were approximately $19.1 million. Additionally, the Company has granted the underwriter an option to purchase an additional 15 percent of the common stock offered in the public offering solely to cover over-allotments, if any, exercisable for 45 days after the closing of this offering, which if exercised, would bring total gross proceeds to approximately $22.0 million. 

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Sichenzia Ross Ference LLP Represents Vuzix Corporation in $97.5 Million Public Offering of Common Stock

Vuzix Corporation

Press Release – New York, NY – April 1, 2021 – Sichenzia Ross Ference LLP, a leading securities and law firm, today announced that it represented Vuzix Corporation (NASDAQ: “VUZI”), a leading supplier of Smart-Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets in a public offering of 4,768,293 shares of the company’s common stock at a price of $20.50 per share, including 621,951 shares pursuant to the full exercise by the underwriters of their over-allotment option. The gross proceeds to the Company from the offering, were approximately $97.75 million.

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Sichenzia Ross Ference LLP Represents Aegis Capital in $3.3 Million Follow-On Offering of MySize, Inc.

MySize logo

Press Release – New York, NY – March 25, 2021 – Sichenzia Ross Ference LLP announced today that it represented Aegis Capital Corp. as sole book runner in the follow-on offering of 2,618,532 shares of common stock of MySize, Inc. (NASDAQ: MYSZ), a creator of mobile device measurement solutions that has developed innovative solutions designed to address shortcomings in multiple verticals, including the e-commerce fashion/apparel, shipping/parcel and do-it-yourself (DIY) industries, at a price of $1.26 per share for gross proceeds of approximately $3.3 million.

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Sichenzia Ross Ference LLP Represents Aegis Capital in $7.4 Million Underwritten Public Offering of Farmmi, Inc. 

farmmi inc logo

Press Release – New York, NY – March 24, 2021 – Sichenzia Ross Ference LLP announced today that it represented Aegis Capital Corp. as sole book runner in the underwritten public offering of 6,469,467 ordinary shares, of Farmmi, Inc. (NASDAQ: FAMI), a leading agricultural products supplier, processor and retailer of Shiitake mushrooms and other edible fungi, at a price to the public of $1.15 per share for gross proceeds of $7.4 million. FAMI has granted the underwriter an option to purchase an additional 15 percent of the ordinary shares offered in the public offering solely to cover over-allotments, if any, exercisable for 25 days, after the closing of this offering, which would bring total gross proceeds to approximately $8.6 million. 

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Sichenzia Ross Ference LLP Represents Aegis Capital in $12.5 Million Public Offering of NuZee, Inc. 

NuZee, Inc. 

Press Release – New York, NY – March 23, 2021 – Sichenzia Ross Ference LLP announced today that it represented Aegis Capital Corp. as sole book runner in the underwritten public offering of 2,777,777 units (the “Units”), of NuZee, Inc. (NASDAQ: NUZE), a leading U.S. single serve pour over coffee co-packer, at a price to the public of $4.50 per Unit for gross proceeds of $12.5 million. The Units consist of (a) one share of common stock, par value $0.00001 per share, (b) one Series A warrant to purchase one share of Common Stock with an initial exercise price of $4.50 per whole share and (c) one Series B warrant to purchase one-half of a share of Common Stock with an initial exercise price of $5.85 per whole share. The Company has also granted the underwriters a 45-day option to purchase additional Units, or any combination of the individual securities composing the Units, on the same price, terms and conditions to cover over-allotments.

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Sichenzia Ross Ference LLP Represents Kaspien Holdings Inc. in $13.5 Million Bought Deal Offering of Common Stock

kaspien logo

Press Release – New York, NY – March 19, 2021 – – Sichenzia Ross Ference LLP announced today that it represented Kaspien Holdings Inc. (NASDAQ: KSPN), a leading eCommerce growth platform, offering an expanding suite of software and services to help brands grow on Amazon, Walmart, Google Shopping, Target, eBay, and other online marketplaces, in an underwritten offering of 416,600 shares of its common stock, at a price to the public of $32.50 per share. The gross proceeds of the offering were approximately $13.5 million, prior to deducting underwriting discounts and commissions and estimated offering expenses. continue reading >>

Sichenzia Ross Ference LLP Represents H.C. Wainwright in $4,550,000 Private Placement of Innovative Payment Solutions, Inc.

ipsipay inc.

Press Release – New York, NY – March 17, 2021 – Sichenzia Ross Ference LLP announced today that it represented H.C. Wainwright & Co., LLC as exclusive placement agent in a $4,550,000 private placement offering of Innovative Payment Solutions, Inc. (OTCQB: “IPSI”),  a Southern California based fintech company focused on building a 21st century digital payment solution, IPSIPay. The offering consisted of 30,333,334 shares of common stock and warrants to purchase up to an aggregate of 15,166,667 shares of common stock, at a combined purchase price of $0.15 per share and associated warrant. The gross proceeds from the private placement offering were approximately $4,550,000.

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Sichenzia Ross Ference LLP Wins Jury Trial, Defeats Post-Trial Defense Motions and Secures Expulsion and Disassociation of New Jersey LLC Member.

Press Release – New York, NY – March 15, 2021 – Sichenzia Ross Ference LLP (SRF) securities, business, and complex commercial litigation partner Scott Furst secured a $904,000.00 breach of contract victory for his clients in a multi-week jury trial in New Jersey Superior Court.  The lawsuit, which started in March 2017, arose from a start-up dispute between a civil engineer and an Atlanta-based international architecture and engineering firm that had agreed to join forces and form a New Jersey, public-sector focused start-up and pursue Women-Owned Business Enterprise certification. continue reading >>

Sichenzia Ross Ference LLP Represents A.G.P./ Alliance Global Partners as Placement Agent in $9.5M Registered Direct Offering of BTCS Inc.

BTCS Inc.

Press Release – New York, NY – March 9, 2021 – Sichenzia Ross Ference LLP announced today that it represented A.G.P./Alliance Global Partners as sole placement agent in a registered direct offering of 9,500,000 shares of common stock and warrants to purchase up to 7,125,000 shares of common stock of BTCS Inc. (OTCQB: BTCS), a digital asset and blockchain technology focused company. The gross proceeds of the offering were approximately $9.5 million.

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Sichenzia Ross Ference LLP Represents The Coretec Group, Inc. in $6.0 Million Private Placement 

coretec logo

Press Release – New York, New York – March 8, 2021 – Sichenzia Ross Ference LLP announced today that it represented The Coretec Group, Inc. (OTCQB: CRTG), a company developing a portfolio of silicon-based products in energy-focused verticals, including electric vehicle and consumer batteries, solid-state lighting (LEDs) and semiconductors, in a private placement offering of 75,000,000 shares of common stock  (or common stock equivalents in lieu thereof) and warrants to purchase up to an aggregate of 82,500,000 shares of common stock. The combined purchase price per share and associated warrant was $0.08. The gross proceeds were approximately $6.0 million.

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Sichenzia Ross Ference LLP Represents Aegis Capital Corp. in $8.15 Million Private Placement Offering of SciSparc Ltd. 

SciSparc logo

Press Release – New York, NY – March 5, 2021 – Sichenzia Ross Ference LLP today announced that it represented Aegis Capital Corp. as the exclusive placement agent in a private placement of SciSparc Ltd., (OTCQB: SPRCY), a specialty, clinical-stage pharmaceutical company focusing on the development of cannabinoid-based treatments.

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Sichenzia Ross Ference LLP Represents Splash Beverage Group, Inc. in $4 Million Private Placement 

Splash Beverage Acquisition

Press Release – New York, New York – March 4, 2021 – Sichenzia Ross Ference LLP announced today that it represented Splash Beverage Group, Inc. (OTC: SBEV), a company that specializes in manufacturing, distribution, sales & marketing of various beverages across multiple channels, in a private placement offering of 3,637,064 shares of common stock and warrants to purchase up to an aggregate of 1,818,532 shares of common stock. The combined purchase price for one share of common stock and a warrant to purchase one share of common stock was $1.10. The gross proceeds were approximately $4.0 million.

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Sichenzia Ross Ference LLP Represents Borqs Technologies, Inc. in $20 Million Private Placement

borqs technologies logo

Press Release – New York, New York – March 3, 2021 – Sichenzia Ross Ference LLP announced today that it represented Borqs Technologies, Inc. (Nasdaq: BRQS), a global provider of embedded software and products for the Internet of Things (IoT), in a private placement with institutional and individual investors for sale of $20 million in convertible notes. The notes are due in two years, have an annual interest rate of 8%, convertible into ordinary shares of Borqs at 10% discount from the market price and has 90% warrant coverage with the warrants exercisable at 110% of the conversion price.

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Sichenzia Ross Ference LLP Represents Aegis Capital Corp. in $8.5 Million Underwritten Public Offering of American Depositary Shares of Medigus Ltd.

Medigus Ltd logo

Press Release – New York, NY – March 2, 2021– Sichenzia Ross Ference LLP today announced that it represented Aegis Capital Corp., as a sole bookrunner in the underwritten public offering of 3,258,438 American Depositary Shares (the “ADSs”) of Medigus Ltd. (NASDAQ: MDGS), a technology company engaged in advanced medical solutions and innovative internet technologies.  The ADSs were sold to the public at a price of $2.60 per ADS for gross proceeds of approximately $8.5 million. 

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Sichenzia Ross Ference LLP Represents SunHydrogen in $10.0 Million Registered Direct Offering

sun hydrogen logo

Press Release – New York, New York – March 2, 2021 – Sichenzia Ross Ference LLP announced today that it represented SunHydrogen, Inc. (OTC: HYSR), the developer of a breakthrough technology to produce renewable hydrogen using sunlight and water, in a registered direct offering with a single institutional investor to purchase 95,238,096 shares of its common stock and warrants to purchase an aggregate of up to 71,428,572 shares of common stock. The combined purchase price for one share of common stock and a warrant to purchase 0.75 of a share of common stock is $0.105. The warrants have an exercise price of $0.12 per share, will be immediately exercisable and will expire five years from the issue date. The gross proceeds from the offering were $10,000,000. 

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Sichenzia Ross Ference LLP Represents BriaCell Therapeutics Corp. in Nasdaq listing and $25 Million Public Offering 

briacell therapeutics

Press Release – New York, NY – February 26, 2021 – Sichenzia Ross Ference LLP today announced that it represented BriaCell Therapeutics Corp. (NASDAQ: BCTX, BCTXW; TSXV: BCT), a clinical-stage biotechnology company specializing in targeted immunotherapies for advanced breast cancer, in a public offering of 4,852,353 common units at a public offering price of $4.25 per unit, consisting of one share of common stock and one warrant to purchase one share of common stock, and 1,030,000 pre-funded units at a public offering price of $4.24 per unit, consisting of one pre-funded common stock purchase warrant and one warrant.  The aggregate gross proceeds were approximately $25.0 million. The common shares and warrants trade on the Nasdaq Capital Market under the symbols “BCTX” and “BCTXW”, respectively.  

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Sichenzia Ross Ference LLP Represents AmpliTech Group, Inc. in Nasdaq Uplisting and $11 Million Upsized Public Offering

amplitechgroup logo

Press Release – New York, NY – February 24, 2021 – Sichenzia Ross Ference LLP today announced that it represented AmpliTech Group, Inc. (NASDAQ: AMPG), a designer, developer, and manufacturer of custom and standard state-of-the-art RF components for Commercial, SATCOM, Space, Defense, and Military markets, in an underwritten public offering of 1,577,142 units at a price of $7.00 per unit, bringing the gross proceeds to approximately $11 million. Each unit issued in the offering consisted of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $7.00.

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Sichenzia Ross Ference LLP Represents CloudCommerce, Inc. in $10.0 Million Registered Direct Offering

cloudcommerce inc

Press Release – New York, New York – February 23, 2021 – Sichenzia Ross Ference LLP announced today that it represented CloudCommerce, Inc. (OTC: CLWD), in a registered direct offering of 142,857,143 shares of its common stock  (or common stock equivalents in lieu thereof) and warrants to purchase 142,857,143 shares of common stock. The purchase price for one share of common stock (or common stock equivalent) and one warrant to purchase one share of common stock was $0.07. The gross proceeds from the offering were approximately $10,000,000. 

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Sichenzia Ross Ference LLP Represents A.G.P./ Alliance Global Partners as Placement Agent in $10.5 Million Registered Direct Offering of ION Geophysical Corporation

ION Geophysical Corporation

Press Release – New York, NY – February 18, 2021 – Sichenzia Ross Ference LLP announced today that it represented A.G.P./Alliance Global Partners as sole placement agent in a registered direct offering of 2,990,001 shares of common stock of ION Geophysical Corporation (NYSE: IO), a company that delivers powerful data-driven decision-making to offshore energy, ports and defense industries, enabling clients to optimize operations and deliver superior returns. The offering price was $3.50 per share for gross proceeds of $10.5 million.

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Sichenzia Ross Ference LLP Represents H.C. Wainwright in $40.0 Million Registered Direct Offering of Pulmatrix, Inc.

pulmatrix logo

Press Release – New York, NY – February 17, 2020 – Sichenzia Ross Ference LLP announced today that it represented H.C. Wainwright & Co., LLC as exclusive placement agent in a $40.0 million public offering of the common stock of Pulmatrix, Inc. (NASDAQ: “PULM”), a clinical stage biopharmaceutical company developing innovative inhaled therapies to address serious pulmonary and non-pulmonary disease using its patented iSPERSE™ technology. The registered direct offering with certain healthcare-focused institutional investors consisted of the sale 20,000,000 shares of common stock, for aggregate gross proceeds of approximately $40.0 million.

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Sichenzia Ross Ference LLP Represents H.C. Wainwright in $19.7 Million Public Offering of Staffing 360 Solutions, Inc.

staffing solutuons logo

Press Release – New York, NY – February 15, 2020 – Sichenzia Ross Ference LLP announced today that it represented H.C. Wainwright & Co., LLC as exclusive placement agent in a $19.7 million public offering of the common stock of Staffing 360 Solutions, Inc. (NASDAQ: “STAF”), a company engaged in the execution of an international buy-integrate-build strategy through the acquisition of domestic and international staffing organizations in the United States and United Kingdom. The offering consisted of 21,855,280 shares of common stock, at a public offering price of $0.90 per share, for aggregate gross proceeds of approximately $19.7 million.

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Sichenzia Ross Ference LLP Represents Document Security Systems, Inc. in $39.7 Million Upsized Public Offering of Common Stock

document security systems logo

Press Release – New York, NY – February 9, 2021 – Sichenzia Ross Ference LLP today announced that it represented Document Security Systems, Inc. (NYSE American: DSS), a multinational company operating businesses focused on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, in a public offering of 14,167,247 shares of the company’s common stock at a price of $2.80 per share, bringing the gross proceeds to approximately $39.7 million. The shares of common stock were offered pursuant to a shelf registration statement on Form S-3 (File No. 333-230740), which was declared effective by the SEC on May 8, 2019.

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Sichenzia Ross Ference LLP Represents SunHydrogen in $25.0 Million Registered Offering 

sun hydrogen logo

Press Release – New York, New York – February 8, 2021 – Sichenzia Ross Ference LLP announced today that it represented SunHydrogen, Inc. (OTC: HYSR), in an offering of up to $25,000,000 of common stock. Under the transaction, SunHydrogen may sell, from time to time at its discretion, up to $25,000,000 of common stock to an investor under a purchase agreement. The offering of the shares is registered on a shelf registration statement on Form S-3. 

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Sichenzia Ross Ference LLP Represents Equillium, Inc. in a $30 Million Registered Direct Offering

equillium logo

Press Release – New York, NY – February 8, 2021 – Sichenzia Ross Ference LLP announced today that it has represented Equillium, Inc. (NASDAQ:EQ) in a registered direct offering with life science institutional investment funds managed by Decheng Capital that purchased 4,285,710 units (the “Units”) from Equillium, with each Unit consisting of one share of common stock and a warrant to purchase 0.3 of a share of common stock. The purchase price per Unit is $7.00, priced above the market under Nasdaq rules. The warrants will have an exercise price of $14.00 per share, will be immediately exercisable, and will expire on the earlier of (i) the fifth anniversary of issuance, or (ii) the 15th calendar date following the date on which Equillium closes a financing raising a minimum of $25 million at a price per share of no less than $25.00.

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Sichenzia Ross Ference LLP Represents Aegis Capital in $12.1 Million Follow-On Offering of BiondVax Pharmaceuticals Ltd. American Depositary Shares 

biondvax pharmaceuticals

Press Release – New York, NY – February 2, 2021 – Sichenzia Ross Ference LLP announced today that it represented Aegis Capital Corp. as sole book runner in the follow-on offering of 2,434,783 American Depositary Shares (“ADSs”) of BiondVax Pharmaceuticals Ltd.  (NASDAQ: BVXV), a biopharmaceutical company focused on developing, manufacturing and ultimately commercializing products for the prevention and treatment of infectious diseases and related illnesses, at an offering price of $4.95 per ADS for gross proceeds of $12.1 million. The Company has also granted the underwriters a 30-day option to purchase up to an additional 15% of the number of ADSs offered to the public at the public offering price

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Sichenzia Ross Ference LLP Represents Aegis Capital Corp. as Sole Bookrunner in $14.4 Million Bought Deal Offering of Avinger, Inc. Common Stock

avinger logo

Press Release – New York, NY – February 2, 2021 – Sichenzia Ross Ference LLP today announced that it represented Aegis Capital Corp. as sole bookrunner in an underwritten offering of 10,000,000 shares of the common stock of Avinger, Inc. (NASDAQ: AVGR), a commercial-stage medical device company marketing the first and only intravascular image-guided, catheter-based system for diagnosis and treatment of patients with Peripheral Artery Disease (PAD), at a price of $1.44 per share. The gross proceeds of the offering were approximately $14.4 million, prior to deducting underwriting discounts and commissions and estimated offering expenses.

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Sichenzia Ross Ference LLP Represents Roth Capital Partners in $21.5 Million Public Offering of Crown Electrokinetics Corp.

crown electrokinetics logo

Press Release – New York, NY – January 29, 2021 – Sichenzia Ross Ference LLP announced today that it represented Roth Capital Partners, as sole book-running manager, in a $21.5 million public offering of the common stock of Crown Electrokinetics Corp. (NASDAQ: “CRKN”), a leading smart glass technology company with a patented thin-film solution. The offering, including the full exercise of the underwriters’ overallotment option, consisted of 4,772,500 shares of common stock at a public offering price of $4.50 per share.  

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Sichenzia Ross Ference LLP Represents BioSolar, Inc. in $5 Million Private Placement

biosolar logo

Press Release – New York, New York – January 28, 2021 – Sichenzia Ross Ference LLP announced today that it represented BioSolar, Inc. (OTC: BSRC), a developer of clean energy technologies including green hydrogen, and lithium-ion battery components, in a private placement offering of of 83,333,334 shares of common stock and warrants to purchase up to an aggregate of 83,333,334 shares of common stock.

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Sichenzia Ross Ference LLP Represents High Tide Inc. in the $8.0 million acquisition of Smoke Cartel, Inc.

hightide inc logo

Press Release – New York, NY – January 25, 2021 – Sichenzia Ross Ference LLP announced today that its mergers and acquisitions team has represented High Tide Inc. (OTCQB:HITIF) in its acquisition of Smoke Cartel, Inc. (OTCQB:SMKC), one of the leading online retailers of consumption accessories, including glass water pipes and vaporizers, as well as hemp derived CBD products.

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Sichenzia Ross Ference LLP Represents Genetic Technologies Limited in $6.56 Million Registered Direct Offering

genetic technologies logo

Press Release – New York, NY – January 25, 2021 – Sichenzia Ross Ference LLP today announced that it represented Genetic Technologies Limited (NASDAQ: GENE), a leader in the development of genetic risk assessment tests, in a registered direct offering of 1,250,000 American Depositary Shares (ADSs), each representing 600 of the Company’s ordinary shares, at a purchase price of $5.25 per ADS.

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Sichenzia Ross Ference LLP Represents Document Security Systems, Inc. in $24 Million Upsized Public Offering of Common Stock

document security systems logo

Press Release – New York, NY – January 22, 2021 – Sichenzia Ross Ference LLP today announced that it represented Document Security Systems, Inc. (NYSE American: DSS), a multinational company operating businesses focused on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, in a public offering of 6,666,666 shares of the company’s common stock at a price of $3.60 per share, bringing the gross proceeds to approximately $24.0 million.

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Sichenzia Ross Ference LLP Represents Lexaria Bioscience Corp. in Close of $11 Million Underwritten Public Offering and NASDAQ Uplisting

lexaria bioscience logo

Press Release – New York, NY – January 14, 2021 – Sichenzia Ross Ference LLP announced today that it represented Lexaria Bioscience Corp. (NASDAQ: “LEXX”), in a closing of an underwritten public offering of 1,828,571 units, each unit consisting of one share of common stock and one warrant to purchase one share of common stock at a public offering price of $5.25 per unit. Lexaria uses proprietary drug delivery technology, DehydraTECH™, improving the way active pharmaceutical ingredients (APIs) enter the bloodstream by promoting healthier oral ingestion methods and increasing the effectiveness of fat-soluble active molecules. The gross proceeds from the offering were approximately $11.04 million, before deducting underwriting discounts and estimated offering expenses.

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Partner Andrew M.J. Bernstein to Present CLE on “Preparing Your Client to Testify Before a Grand Jury” for Lawline

Press Release – New York, NY – January 11, 2021 – Andrew M. J. Bernstein, Partner and leader of Sichenzia Ross Ference LLP’s White-Collar Defense and Investigations practice, will be presenting “Preparing Your Client to Testify Before a Grand Jury” on Monday January 25, 2021 at 11:30 A.M. EST. The CLE course is Mr. Bernstein’s third collaboration with Lawline in the past six months.

The course will cover how to effectively prepare a client, who is either a defendant in a criminal case or a target of a government investigation, to testify before a grand jury. The course will be live-streamed and a recording will be available any time after online.

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Sichenzia Ross Ference LLP Represents KULR Technology Group, Inc. in $8.0 Million Registered Direct Offering 

kulr logo

Press Release – New York, NY – January 4, 2021 – Sichenzia Ross Ference LLP announced today that it represented KULR Technology Group, Inc. (OTCQB: KULR), in a registered direct offering of 6,400,001 shares of common stock and warrants at a purchase price of $1.25 per share and accompanying warrant. The gross proceeds for the offering were $8.0 million.

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Sichenzia Ross Ference LLP Represents SunHydrogen in $9.0 Million Warrant Exercise Transaction

sun hydrogen logo

Press Release – New York, New York – December 30, 2020 – Sichenzia Ross Ference LLP announced today that it represented SunHydrogen, Inc. (OTC: HYSR), in a transaction in which a warrant holder exercised its registered warrants for the purchase of 120,000,000 shares of common stock at an exercise price of $0.075 per share, and received unregistered warrants to purchase up to 132,000,000 shares of common stock at an exercise price of $0.075 per share. The shares issued upon exercise of the registered warrants were registered on a shelf registration statement on Form S-3. H.C. Wainwright & Co., LLC acted as the exclusive placement agent for the transaction.

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Sichenzia Ross Ference LLP Represents H.C. Wainwright in $2.9 Million Public Offering of Staffing 360 Solutions, Inc.

staffing solutuons logo

Press Release – New York, NY – December 29, 2020 – Sichenzia Ross Ference LLP announced today that it represented H.C. Wainwright & Co., LLC as sole book-running manager in a $2.9 million public offering of the common stock of Staffing 360 Solutions, Inc. (NASDAQ: “STAF”), a company engaged in the execution of an international buy-integrate-build strategy through the acquisition of domestic and international staffing organizations in the United States and United Kingdom. The offering consisted of 4,816,665 shares of common stock, at a public offering price of $0.60 per share, for aggregate gross proceeds of approximately $2.9 million.

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Sichenzia Ross Ference LLP Represents Aegis Capital Corp. in $26.4 Million Public Offering of Common Stock of Greenwich LifeSciences, Inc. 

greenwich lifesciences logo

Press Release – New York, NY – December, 22, 2020 – Sichenzia Ross Ference LLP today announced that it represented Aegis Capital Corp., as a sole bookrunner in the follow on public offering of 660,000 shares of the common stock of Greenwich LifeSciences, Inc. (NASDAQ: GSLI), a clinical-stage biopharmaceutical company focused on the development of GP2, an immunotherapy to prevent breast cancer recurrences in patients who have previously undergone surgery.  The shares were sold to the public at a price of $40.00 per share for gross proceeds of approximately $26,400,000. This offering was made pursuant to a registration statement on Form S-1 (File No. 333-251366) previously filed with the U.S. Securities and Exchange Commission (the “SEC”) and subsequently declared effective on December 17, 2020 and a registration statement on Form S-1 (File No. 333-251438) previously filed with the SEC and immediately declared effective on December 17, 2020.

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Sichenzia Ross Ference LLP Represents ThinkEquity LLC in $5.5 Million Public Offering of Common Stock of ENDRA Life Sciences Inc.

endra life sciences logo

Press Release – New York, NY – December 18, 2020 – Sichenzia Ross Ference LLP announced today that it represented ThinkEquity, a division of Fordham Financial Management, as sole underwriter in the follow on public offering of the common stock of ENDRA Life Sciences (NASDAQ: NDRA), a pioneer of Thermo Acoustic Enhanced UltraSound (TAEUS®), a ground-breaking technology being developed to visualize tissue like MRI, but at 1/50th the cost and at the point of patient care. The offering consisted of 7,857,286 shares of common stock, and the gross proceeds from the offering were $5,500,100, before deducting underwriting discounts and estimated offering expenses.

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Client Alert: New York Adopts Revised Regulations for Individuals of Registered Investment Advisers

OVERVIEW

In an effort to modernize its registration function, to better conform to the federal securities registration regime, to cure industry confusion as to certain registration requirements and to better track exam requirement compliance of thousands of investment adviser representatives (“IARs”) providing investment advice to New Yorkers, the New York Investor Protection Bureau of the Department of Law (“Department”) has proposed revisions to its current regulations.

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Sichenzia Ross Ference LLP Represents Wunong Net Technology Company Limited in $30 Million Initial Public Offering

wunong net technology logo

Press Release – New York, NY – December 17, 2020 – Sichenzia Ross Ference LLP announced today that it represented Wunong Net Technology Company Limited (Nasdaq: WNW) in a $30 million initial public offering of its ordinary shares. Wunong Net Technology Co. Ltd. (“Wunong”) is a China-based e-commerce company which uses an innovative e-platform to sell a myriad of food products. The offering was comprised of 5,000,000 ordinary shares of Wunong at a price of US$5.00 per share to the public for a total of US$25,000,000 of gross proceeds to Wunong. In addition, the underwriters have purchased 999,910 ordinary shares from a selling shareholder for US$4,999,550 for a total of US$29,999,550 in total gross proceeds from the offering.

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Partner Andrew M.J. Bernstein Presented CLE on Initial Appearances in Criminal Matters in the Age of COVID-19

Press Release – New York, NY – December 8, 2020 – Andrew M. J. Bernstein, Partner and leader of Sichenzia Ross Ference LLP’s White-Collar Defense and Investigations practice, presented “Making an Initial Appearance in a NY Criminal Case in the COVID-19 Era,” last Monday, November 30, 2020. This is Mr. Bernstein’s second collaboration with Lawline this year. The CLE course was filmed live and is now available for online viewing anytime by clicking here.

Currently throughout New York, most federal and state courts are conducting initial proceedings in criminal cases remotely. This CLE presentation focused on how to effectively represent clients at remote initial presentments or arraignments in New York federal and state criminal matters. Mr. Bernstein further offered his expertise and insights from his recent successful remote appearances.

Mr. Bernstein’s next CLE program, hosted by Lawline, is scheduled for January 25, 2021, and is entitled “Preparing Your Client to Testify Before a Grand Jury.”

Sichenzia Ross Ference LLP Represents SunHydrogen in $9.0 Million Registered Direct Offering

sun hydrogen logo

Press Release – New York, New York – December 3, 2020 – Sichenzia Ross Ference LLP announced today that it represented SunHydrogen, Inc. (OTC: HYSR), in a registered direct offering of 120,000,000 shares of its common stock and short-term warrants to purchase 120,000,000 shares of common stock.

The combined purchase price for one share of common stock and a warrant to purchase one share of
common stock was $0.075. The gross proceeds from the offering were $9,000,000.

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Sichenzia Ross Ference LLP Represents HF Enterprises Inc. in $15.1 Million Initial Public Offering and Nasdaq Listing

hf enterprises inc. logo

Press Release – New York, NY – November 30, 2020 – Sichenzia Ross Ference LLP announced today that it has represented HF Enterprises Inc. (“HFEN” or the “Company”) in connection with the Company’s  initial public offering of common stock and listing on the Nasdaq Capital Market. HFEN is a diversified holding company principally engaged through its subsidiaries in property development, digital transformation technology and biohealth activities with operation in the United States, Singapore, Hong Kong, Australia and South Korea. The initial public offering consisted of 2,160,000 shares of common stock at a public offering price of $7.00 per share. The gross proceeds were approximately $15.1 million, before deducting offering expenses. The Company’s common stock commenced trading on the Nasdaq Capital Market on November 24, 2020 under the symbol “HFEN”.

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Sichenzia Ross Ference LLP Represents A.G.P./ Alliance Global Partners as Placement Agent in $15M Registered Direct Offering of Arcimoto, Inc.

arcimoto logo

Press Release – New York, NY – November 24, 2020 – Sichenzia Ross Ference LLP announced today that it represented A.G.P./Alliance Global Partners as lead placement agent in a registered direct offering of 1,132,075 shares of common stock of Arcimoto, Inc. (NASDAQ: FUV), an electric vehicle developer and manufacturer. The offering price was $13.25 per share for gross proceeds of $15 million. The offering was made pursuant to a shelf registration statement previously filed with Securities and Exchange Commission on October 3, 2018, and declared effective on October 17, 2018 by the Securities and Exchange Commission.

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Founding Partner Marc J. Ross, Esq.  Quoted Regarding Cannabis SPACs Post U.S. Presidential Elections

Press Release – New York, NY – November 23 2020 – Sichenzia Ross Ference LLP founding partner Marc J. Ross, Esq. was recently quoted in an article titled “Election Brings Questions for Cannabis SPACs.” The article discusses what lies ahead for cannabis companies after the recent United States presidential election, in general, and the prospects for acquisition opportunities (SPACs) in the cannabis industry, in particular. Now that the Biden-Harris ticket has won, and Joe Biden will occupy the White House, Ross expects better days for the cannabis industry, where the ‘early movers’ often encountered obstacle after obstacle as a result of the hostile federal environment.

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2020 Income Tax Rates and Deductions

Sichenzia Ross Ference has prepared a tax chart showing all proposed tax changes under Biden vs. current under Trump.

It is a downloadable PDF titled “2020 Income Tax Rates and Deductions” that you can access by clicking the link below.

Click here for 2020 income tax rates and deductions

 

This material has been prepared for informational purposes only and is not intended to provide, and should not be relied on as, specific tax, legal or accounting advice. Each individual’s situation is unique and may require customized advice.  We recommend that you consult your own tax and accounting advisors before engaging in any transaction.  Please contact Robert M. Birnbaum, Esq., or Carolyn M. Glynn, Esq. if you are interested in learning more about this or other estate planning topics.

Year-end Tax Strategies to Consider Now

Whether you anticipate your income taxes to increase next year due to higher earnings or changes due to tax legislation, consider the following before December 31.

To offset capital gains:

  • Harvest your losses by selling taxable investments.
  • Harvest your gains by selling taxable investments if you have capital loss carryovers or year-to-date losses for the current year. (Beware the IRS “wash sale” rule.)

Defer income and accelerate deductions:

  • If possible, defer income and the sale of capital gain property until 2021 or later to postpone taxable income to the following year.
  • Bunch itemized medical expenses in the same year in order to meet the threshold percentage of your adjusted gross income to claim such deductions.
  • In December, make your January mortgage payment (i.e. the payment due no later than January 15) so that you can deduct the interest on your 2020 tax return.
  • If you have concerns that you may be subject to the Alternative Minimum Tax (AMT), seek professional tax guidance before deferring income or accelerating deductions, as your AMT status could limit your ability to benefit from these actions.
  • For 2020 only, consider not taking your RMD (CARES Act provision) if you are in a higher income tax bracket in 2020 than you expect to be in 2021 or future years.

Seize retirement planning opportunities and avoid missteps:

  • Maximize your IRA contributions. You may be able to deduct annual contributions of up to $6,000 to your traditional IRA and $6,000 to your spouse’s IRA. 
  • If you are 50 or older, take advantage of catching up on IRA contributions and certain qualified retirement plans. You may be able to contribute and deduct an additional $1,000.
  • Required Minimum Distributions are suspended for 2020 under the CARES Act but consider whether to take your RMD if you anticipate being in a higher tax bracket in future years.
  • Consider increasing or maximizing your 401(k) and retirement account contributions. 
  • Consider contributions to a Roth 401(k) plan (if your employer allows and you are in a lower income tax bracket now than you expect to be in the future).
  • Avoid mandatory tax withholding by making a direct rollover distribution to an eligible retirement plan, including an IRA. (Avoid taking IRA distributions prior to age 59½ or a 10% early withdrawal penalty may apply.)
  • Consider setting up a Roth IRA for each of your children who have earned income.
  • Consider converting from a traditional IRA to a Roth IRA if in a low marginal income tax bracket. (Partial Roth IRA conversions are permissible.)
  • If you have been impacted by the COVID-19 pandemic as defined by the IRS, you may be eligible to take a COVID-19-related distribution from an eligible retirement plan. (The deadline for taking such a distribution is December 30, 2020, and you may withdraw up to an aggregate limit of $100,000 from all eligible plans and IRAs.) 
  • If you have business losses that flow through to your individual tax return in 2020, consider a Roth conversion or harvest capital gains to create income that is offset by the business loss.

Gifting and charitable strategies:

  • Consider making gifts of up to $15,000 per person and use assets likely to appreciate.
  • Make a charitable donation (cash or even old clothes) before the end of the year.
  • Use appreciated stock rather than cash when contributing to charities. 
  • If you are over 70½ in 2020 and would like to make a donation to charity from your IRA, you can donate up to $100,000 each year directly to qualified charities using a Qualified Charitable Distribution.
  • Set up a donor-advised fund for an immediate income tax deduction and provide immediate and future benefits to charity over time.
  • Consider “bunching” several years of charitable contributions into one year with a gift to a donor-advised fund to make your contributions more tax-efficient.

This material has been prepared for informational purposes only and is not intended to provide, and should not be relied on as, specific tax, legal or accounting advice. Each individual’s situation is unique and may require customized advice.  We recommend that you consult your own tax and accounting advisors before engaging in any transaction.  Please contact Robert M. Birnbaum, Esq., or Carolyn M. Glynn, Esq. if you are interested in learning more about this or other estate planning topics

Sichenzia Ross Ference LLP Recognized in U.S. News & World Report – “Best Lawyers List” for 2021

Press Release – New York, NY – November 18, 2020 –Sichenzia Ross Ference LLP is proud to be included in the 2021 list of “Best Law Firms” ranking issued by U.S. News & World Report. The firm was recognized as a top tier Metropolitan “Best Law Firm” in the Corporate Law practice area. Based on a rigorous evaluation process through consistent impressive ratings from clients and peers, “Best Law Firm” is a prestigious list in which the firm is honored to be recognized.

Sichenzia Ross Ference LLP Represents Bullfrog Gold in Acquisition of Assets from Barrick Gold and Concurrent C$22 Million Private Placement

bullfrog gold corp

Press Release – New York, NY – November 5, 2020 – Sichenzia Ross Ference LLP announced today that it represented Bullfrog Gold Corp.  (OTCQB: BFGC) (CSE: BFG) (“Bullfrog Gold”) in the acquisition of all of the equity interest of Bullfrog Mines LLC, the successor by conversion of Barrick Bullfrog Inc. Through the acquisition, Bullfrog Gold acquired rights to 1,500 acres adjoining the company’s Bullfrog Gold deposit. The firm also represented Bullfrog Gold in a concurrent private placement, entered into with Augusta Investments Inc. (“Augusta”) and certain individuals identified by Augusta, of 110,000,000 shares of common stock, and warrants to purchase 110,000,000 shares of common stock. The gross proceeds to Bullfrog Gold from this private placement were C$22,000,000.

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Sichenzia Ross Ference LLP Represents Jupiter Wellness, Inc. in Initial Public Offering and Nasdaq Listing 

jupiter wellness

Press Release – New York, NY – November 3, 2020 – Sichenzia Ross Ference LLP announced today that it has represented Jupiter Wellness, Inc. (“Jupiter” or the “Company”), in connection with its Initial Public Offering of securities and listing on the Nasdaq Capital Markets. Jupiter is a cutting-edge wellness brand dedicated to exploring the multiple therapeutic and medical uses of cannabidiol (CBD) via a multitude of convenient products. The Initial Public Offering consisted of 933,333 units consisting of one share of common stock and one warrant for gross proceeds of $7,000,000, before deducting offering expenses. The shares and warrants began trading on The NASDAQ Capital Market on October 30, 2020, under the symbol “JUPW and JUPWW, respectively.

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Eight Sichenzia Ross Ference LLP Attorneys Selected for Inclusion on 2020 Super Lawyers Lists

Press Release – New York, NY – November 3, 2020 – Sichenzia Ross Ference LLP, a leading corporate and securities law firm, announced today that eight of its attorneys were recognized by Super Lawyers Magazine for 2020. Those members include:

  • Founding Partner Michael H. Ference, Partner Richard J. Babnick, Jr. and Partner Sameer Rastogi were recognized for their work in the Securities Litigation category.
  • Founding Partner Gregory Sichenzia was recognized for his work in the Securities and Corporate Finance category.
  • Partner Andrew M. J. Bernstein was named a New York Metro Rising Star in the area of White Collar Criminal Defense.
  • Partner A.R. John Hitchings was named a New York Metro Rising Star in the area of Securities Litigation.
  • Partner Jay K. Yamamoto was named a New York Metro Rising Star in the area of Securities and Corporate Finance.
  • Counsel Owen A. Kloter was named a New York Metro Rising Star in the area of Business Litigation.

Sichenzia Ross Ference LLP Represents A.G.P./Alliance Global Partners in $20 Million Public and Concurrent Registered Direct Offerings of Ring Energy

ring energy inc.

Press Release – New York, NY – October 30, 2020 – Sichenzia Ross Ference LLP announced today that it represented A.G.P./Alliance Global Partners  (“AGP”) as sole book-running manager in an underwritten public offering of 8,343,000 shares of common stock, 13,428,500 pre-funded warrants and 21,771,500 common warrants of Ring Energy, Inc. (NYSE American: REI). The gross proceeds to Ring Energy from this offering were approximately $15,240,000.  The firm also represented AGP as sole placement agent for a concurrent registered direct offering of 3,500,000 shares of common stock, 3,300,000 pre-funded warrants and 6,800,000 common warrants. The gross proceeds to Ring Energy from this offering were approximately $4,760,000.

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Litigation Associate

We are looking for a litigation associate with 2 to 3 years’ experience, well versed in Securities law & FINRA regulations and compliance.  In addition, should possess experience in Securities Litigation and Arbitration; defending claims unique to the financial services industry, including claims for fraud, conversion, unsuitability, churning, failure to supervise  and unauthorized trading as well as knowledge of the financial services industry.  Excellent writing and research skills.  Experience with representing broker-dealers is preferred.  New York bar required.

Please send resumes to tbarone@srf.law

Sichenzia Ross Ference LLP Obtains Dismissal of $2.6 Million Contract Claims On Appeal

Press release- New York, NY – October 15, 2020 – Sichenzia Ross Ference LLP obtained dismissal today of $2.6 million in contractual claims against its corporate client and the company’s president in an appeal to the First Department, Appellate Division in Moiseenko et al. v. AGA Management Corp. et al.  The Supreme Court, New York County, had previously determined that the Plaintiffs’ employment contract was ambiguous as to whether Plaintiffs were owed $50,000 every other week, or $50,000 annually.  The First Department reversed the Supreme Court and granted summary judgment to the firm’s clients, dismissing the Plaintiff’s claim, holding that the “only reasonable reading” of the contract was that Plaintiffs were entitled to a $50,000 annual salary.

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Sichenzia Ross Ference LLP Represents H.C. Wainwright in $7.5 Million At-The-Market Offering of Ekso Bionics

ekso bionics

Press Release – New York, NY – October 15, 2020 – Sichenzia Ross Ference LLP announced today that it represented H.C. Wainwright & Co., LLC as sales agent in a $7.5 million At-The-Market Offering (“ATM”) of Ekso Bionics Holdings, Inc. (NASDAQ: “EKSO”) common stock.

The shares were registered on EKSO’s registration statement on Form S-3 (File No. 333-239203), which was declared effective by the SEC on June 26, 2020, and prospectus supplement relating to the ATM filed with the SEC on October 9, 2020.

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Sichenzia Ross Ference LLP Represents Laidlaw & Company (UK) Ltd. in $15 Million Initial Public Offering of Amesite Inc.

amesite logo

Press Release – New York, NY – September 30, 2020 – Sichenzia Ross Ference LLP announced today that it represented Laidlaw & Company (UK) Ltd. in the $15 million initial public offering of Amesite Inc., an artificial intelligence software company providing online educational programs for  K-12, college, university and business education, and upskilling. 3,000,000 shares were sold to the public at a price of $5.00 per share. Amesite’s common stock began trading on the Nasdaq Capital Market under the ticker symbol “AMST” on September 25, 2020.

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Sichenzia Ross Ference LLP Represents Aegis Capital Corp. in $7.25 Million Initial Public Offering of Greenwich LifeSciences, Inc.

greenwich lifesciences logo

Press Release – New York, NY – September 29, 2020 – Sichenzia Ross Ference LLP today announced that it represented Aegis Capital Corp., as a sole bookrunner in the initial public offering of 1,260,870 shares of the common stock of Greenwich LifeSciences, Inc. (NASDAQ: GSLI), a clinical-stage biopharmaceutical company focused on the development of GP2, an immunotherapy to prevent breast cancer recurrences in patients who have previously undergone surgery. The shares were sold to the public at at a price of $5.75 per share for gross proceeds of approximately $7,250,000.

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Sichenzia Ross Ference Partner Andrew M. J. Bernstein, Esq. to Present Grand Jury CLE for Lawline

Sichenzia Ross Ference partner, and leader of the firm’s White-collar Defense and Investigations
practice, Andrew M. J. Bernstein will be presenting “New York State Grand Jury Practice for
Criminal Defense Attorneys” on Monday September 28, 2020 at 4:00 P.M. The CLE course,
presented by Lawline, will be live-streamed that day and the recording will be available any time
after online at https://www.lawline.com.

Focusing on New York State grand jury practice, the CLE course will cover: the law governing
grand juries, grand jury presentations, and how to effectively represent defendants who will be or
are considering testifying before a grand jury. Last month, Mr. Bernstein gave a similar
presentation for the New York State Bar Association.

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Founding Partner Gregory Sichenzia Quoted in Bankrate Article Discussing Prominent IPOs to Keep an Eye On

Press Release – New York, NY – September 15, 2020 – Sichenzia Ross Ference founding partner Gregory Sichenzia was featured in a Bankrate article entitled “IPOs have gone red hot in 2020: Here are 7 big names to watch.” Sichenzia shared his opinion that with interest rates being at near record lows, investors are limited in where they can allocate capital, which is why the equities market and more specifically IPOs have been so attractive. Please read the full article here.

Sichenzia Ross Ference LLP Represents Vuzix in $15.5 Million Registered Direct Offering

Vuzix Corporation

Press Release – New York, New York – September 10, 2020 – Sichenzia Ross Ference LLP announced today that it represented Vuzix Corporation (NASDAQ: VUZI), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, in a registered direct offering of 3,647,060 shares of its common stock and 6 month common stock purchase warrants. The common stock was sold at a price of $4.25 per share and the warrants have an exercise price of $5.25 per share. The gross proceeds from the offering will be approximately $15,500,000. 

The Sichenzia Ross Ference LLP team was led by Partner Gregory Sichenzia, Counsel Jeffrey Cahlon, and Associate Jacob Tabman.

Sichenzia Ross Ference LLP Represents Aegis Capital as Sole Bookrunner in $5.2 Million Underwritten Public Offering of Avinger Inc. Common Stock

avinger logo

Press Release – New York, NY – August 26, 2020 – Sichenzia Ross Ference LLP announced today that it represented Aegis Capital Corp. as sole bookrunner in an underwritten public offering of 11,063,830 shares of common stock of Avinger, Inc. (NASDAQ: “AVGR”), a commercial-stage medical device company marketing the first and only intravascular image-guided, catheter-based system for diagnosis and treatment of patients with Peripheral Artery Disease (PAD). The offering was made pursuant to a shelf registration statement previously filed with and declared effective by the Securities and Exchange Commission (SEC).

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Sichenzia Ross Ference LLP Represents Roth Capital Partners, LLC as Sole Bookrunner in $23.5 Million Public Offering of Centrus Energy Corp. Common Stock

Centrus energy corp logo

Press Release – New York, NY – August 25, 2020 – Sichenzia Ross Ference LLP today
announced that it represented Roth Capital Partners, LLC as sole bookrunner, with Lake Street
Capital Markets LLC, as lead manager, in an underwritten public offering of 2,350,000 shares of
the common stock of Centrus Energy Corp. (NYSE American: LEU), a global energy company that
supplies low enriched uranium (“LEU”) for commercial nuclear power plants, at a price of
$10.00 per share.

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Sichenzia Ross Ference Partner Andrew M. J. Bernstein, Esq. Will Present at the Next Installment of The New York State Bar Association’s 2020 Trial Academy Virtual Conference Series: “Grand Jury Presentations and Representing Clients in the Grand Jury,” on Friday, August 21, 2020 from 2:00 – 4:00 p.m.

Sichenzia Ross Ference partner, and leader of the firm’s white-collar defense practice, Andrew M. J. Bernstein will be presenting at “Grand Jury Presentations and Representing Clients in the Grand Jury.” The presentation, which is Continuing Legal Education (“CLE”) accredited, is part of the New York State Bar Association’s (NYSBA) 2020 Trial Academy Virtual Conference series. The program will be held, on-line, Friday, August 21, 2020 from 2:00 – 4:00 p.m., and will also feature Catherine A. Christian, Esq., Senior Assistant District Attorney from the New York County District Attorney’s Office, Special Victims Bureau.

Mr. Bernstein will discuss what defense attorneys, representing individual and corporate clients, should consider before their clients appear before a grand jury as either a defendant in a criminal case, a target of an ongoing investigation or as a witness. Mr. Bernstein will also cover how to effectively prepare clients to testify in front of the grand jury and other crucial defense strategies to employ.

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Founding Partner Gregory Sichenzia Participates on CLE Webinar Examining PIPEs and Registered Direct Offerings

Sichenzia Ross Ference founding partner Gregory Sichenzia participated in a webinar for Strafford, titled “PIPE Transactions and Registered Direct Offerings: Alternative Capital Raising, PE Investment Opportunity,” on Thursday, August 6. This presentation, which is Continuing Legal Education (“CLE”) accredited, examines the mechanics of traditional private investments in public equity (PIPEs) as well as registered direct offerings.

Among the topics reviewed by Sichenzia and other panel members were the following key issues:

  • What are the key advantages of PIPE transactions over a traditional offering of securities?
  • How has COVID-19 impacted public offerings of securities and the use of PIPEs as an alternative financing vehicle?
  • What are the essential terms and negotiating points for traditional PIPEs?
  • Why might a registered direct transaction be preferred over a standard PIPE transaction? Are there any additional registration requirements?

Please find the full link to the webinar here.

Sichenzia Ross Ference LLP Represents Aegis Capital as Sole Bookrunner in $6 Million Public Offering of Avinger Inc. Common Stock

avinger logo

Press Release – New York, NY – August 6, 2020 – Sichenzia Ross Ference LLP today announced that it represented Aegis Capital Corp. as sole bookrunner in an underwritten public offering of 15,789,474 shares of the common stock of Avinger Inc. (NASDAQ: AVGR), a commercial-stage medical device company marketing the first and only intravascular image-guided, catheter-based system for diagnosis and treatment of patients with Peripheral Artery Disease (PAD), at a price of $0.38 per share. The offering was made pursuant to a registration statement on Form S-3 (No. 333-230124) which was previously filed with the Securities and Exchange Commission and declared effective on March 29, 2019.

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Sichenzia Ross Ference LLP Represents ThinkEquity LLC in $10 Million Initial Public Offering of 1847 Goedeker Inc. Common Stock

goedekers logo

Press Release – New York, NY – August 4, 2020 – Sichenzia Ross Ference LLP announced today that it represented ThinkEquity, a division of Fordham Financial Management, as sole book-runner in the initial public offering of the common stock of 1847 Goedeker Inc. (NYSE: GOED), a one-stop e-commerce destination for appliances, furniture, home goods, and related products. The offering was comprised of 1,111,200 shares of common stock at a price of $9.00 per share for gross proceeds of $10,000,800, less underwriting discounts and offering expenses. 

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Sichenzia Ross Ference LLP Represents Document Security Systems, Inc. in Close of $3.4 Million Underwritten Public Offering of Common Stock

document security systems logo

Press Release – New York, NY – July 31, 2020 – Sichenzia Ross Ference LLP represented Document Security Systems, Inc. (NYSE American: DSS), a multinational company operating businesses focused on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, in a public offering of 453,333 shares of the company’s common stock at a price of $7.50 per share, for gross proceeds to DSS of $3.4 million, before deducting underwriting discounts and other offering expenses. The offering was made pursuant to a shelf registration statement on Form S-3 (File No. 333-230740), which was previously filed with the Securities and Exchange Commission and declared effective on May 8, 2019.

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Relief for Retirement Account Owners During COVID-19

The Coronavirus Aid, Relief, and Economic Security (CARES) Act that was signed into law on March 27, 2020 modifies the existing rules governing retirement accounts and helps taxpayers improve their cash flow. Here we highlight (1) the waiver of the 10% penalty applicable to early withdrawals, (2) the enhanced loan provisions, and (3) the suspension of the Required Minimum Distribution rules.  Please consult with your tax advisor to determine how you may take advantage of these new rules.

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Sichenzia Ross Ference LLP Represents Immuron Limited in $20 Million Registered Direct Offering

immuron logo

Press Release – New York, NY – July 23, 2020 – Sichenzia Ross Ference LLP today announced that it represented Immuron Limited (NASDAQ: IMRN), an Australian biopharmaceutical company focused on developing and commercializing oral immunotherapeutics for the prevention and treatment of gut mediated pathogens, in a registered direct offering of 1,066,668 American Depositary Shares (“ADSs”), each ADS representing 40 of the Company’s ordinary shares, at a purchase price of $18.75 per ADS for gross proceeds of approximately $20 million.

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Sichenzia Ross Ference LLP Represents A.G.P/Alliance Global Partners in $5.9 Million Registered Direct Offering of Safe-T Group Ltd.

safe-t logo

Press Release – New York, NY – July 22, 2020 – Sichenzia Ross Ference LLP announced today that it represented A.G.P./Alliance Global Partners as sole placement agent in a registered direct offering of Safe-T Group Limited (NASDAQ: “SFET”) for gross proceeds of approximately $5.9 million. The offering provided for the issuance of an aggregate of (i) 3,075,000 American depositary shares (“ADSs”) at a purchase price of $1.40 per ADS, and (ii) 1,145,000 pre-funded warrants each to purchase one ADS (“Pre-Funded Warrants”) at a price of $1.40 each, including the Pre-Funded Warrant exercise price of $0.001 per full ADS. The Pre-Funded Warrants will be exercisable at any time after the date of issuance.  continue reading >>

Sichenzia Ross Ference LLP Represents Genetic Technologies Limited in $5.1 Million Public Offering

genetic technologies logo

Press Release – New York, NY – July 20, 2020 – Sichenzia Ross Ference LLP today announced that it represented Genetic Technologies Limited (NASDAQ: GENE), a leader in the development of genetic risk assessment tests, in a registered direct offering of 1,025,000 American Depositary Shares (the “ADSs”), each representing six hundred of the Company’s ordinary shares, at a purchase price of $5.00 per ADS, for gross proceeds of $5.1 million.

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Sichenzia Ross Ference LLP Represents Zynex, Inc. and Selling Shareholder in $55 Million Public Offering of Common Stock

zynexmedical logo

Press Release – New York, NY – July 17, 2020 – Sichenzia Ross Ference LLP today announced that it represented Zynex, Inc. (NASDAQ: “ZYXI”), an innovative medical technology company specializing in manufacturing and selling non-invasive medical devices for pain management, stroke rehabilitation, cardiac monitoring and neurological diagnostics, and a certain shareholder in a public offering of an aggregate of 2,500,000 shares of its common stock at a public offering price of $22.00 per share. The offering was made pursuant to a registration statement on Form S-3 (File No. 333-230128) that was filed with the Securities and Exchange Commission (the “SEC”) and became effective on March 12, 2019, and a registration statement on Form S-3 (File No. 333-232367) that was filed with the SEC and became effective on July 3, 2019, for the shares of common stock being offered by ZYXI and the selling stockholder, respectively.

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Sichenzia Ross Ference LLP Represents INmune Bio, Inc. in $21.74 Million Public Offering of Common Stock

inmunebio logo

Press Release – New York, NY – July 17, 2020 – Sichenzia Ross Ference LLP announced that it represented INmune Bio Inc. (NASDAQ: INMB), a clinical-stage immunology company focused on developing treatments that harness a patient’s innate immune system to fight disease, in a public offering of 2,173,914 shares of the company’s common stock at a price of $10.00 per share.  The gross proceeds to INMB were $21.74 million, before deducting underwriting discounts and other offering expenses, with net proceeds estimated to be $20 million. The offering was made pursuant to a shelf registration statement on Form S-3 (File No. 333-237368), that was filed with the Securities and Exchange Commission (the “SEC”) and became effective on April 2, 2020.

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Sichenzia Ross Ference LLP Represents Equillium, Inc. in $150 Million At-The-Market Offering Through Jeffries LLC 

equilliam logo

Press Release – New York, NY – July 16, 2020 – Sichenzia Ross Ference LLP announced that it represented Equillium, Inc. (NASDAQ: “EQ”), a clinical-stage biotechnology company developing itolizumab to treat severe autoimmune and inflammatory disorders, in an At-The-Market Offering (“ATM”), whereby Equillium may sell up to $150 million of common stock from time-to-time.  Jefferies LLC is acting as the sales agent in connection with the ATM.

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Sichenzia Ross Ference LLP Represents H.C. Wainwright as Sales Agent in $7 Million At-The-Market Offering of BioPath Holdings

bio-path holdings inc logo

Press Release – New York, NY – July 15, 2020 – Sichenzia Ross Ference LLP announced today that it represented H.C. Wainwright & Co., LLC, as sales agent in an At-The-Market Offering (“ATM”) of BioPath Holdings Inc (NASDAQ: “BPTH”) common stock for gross proceeds of approximately $7 million. The shares were registered on BPTH’s Registration Statement on Form S-3 (File No. 333-231537) filed with the Securities and Exchange Commission on May 16, 2019, and declared effective by the SEC on June 5, 2019, and the prospectus supplement relating to the ATM filed with the SEC on July 14, 2020.

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Sichenzia Ross Ference LLP Represents Document Security Systems, Inc. in $6.43 Million Public Offering of Common Stock

document security systems logo

Press Release – New York, NY – July 7, 2020 – Sichenzia Ross Ference LLP today announced that it represented Document Security Systems, Inc. (NYSE American: DSS), a multinational company operating businesses focused on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, in a public offering of 1,028,800 shares of the company’s common stock at a price of $6.25 per share, for gross proceeds to DSS of $6.43 million, before deducting underwriting discounts and other offering expenses. The offering was made pursuant to a shelf registration statement on Form S-3 (File No. 333-230740), which was previously filed with the Securities and Exchange Commission and declared effective on May 8, 2019.

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Sichenzia Ross Ference LLP Represents Aegis Capital in $5.4 Million Public Offering of Avinger, Inc. Common Stock

avinger logo

Press Release – New York, NY – June 26, 2020 –  Sichenzia Ross Ference LLP announced today that it represented Aegis Capital Corp. as sole book runner in an underwritten public offering of 20,000,000 shares of Avinger, Inc. (NASDAQ: AVGR) common stock at a price of $0.27 per share, for total gross proceeds of approximately $5.4 million.  Avinger is a leading developer of innovative treatments for peripheral artery disease. 

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Sichenzia Ross Ference LLP Represents Hudson Capital Inc. in $3.7 Million Registered Direct Offering 

china internet nationwide financial services

Press Release – New York, NY – June 24, 2020 – Sichenzia Ross Ference LLP today announced that it represented Hudson Capital Inc.  (NASDAQ: HUSN), in a $3.7 million registered direct offering of its ordinary shares at a price of $0.85 per share. The offering was made pursuant to a registration statement on Form F-3 (File No. 333-233408) which was previously filed with the Securities and Exchange Commission and declared effective on September 19, 2019.

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Sichenzia Ross Ference LLP Represents Document Security Systems, Inc. in $6 Million Public Offering of Common Stock

document security systems logo

Press Release – New York, NY – June 22, 2020 – Sichenzia Ross Ference LLP today announced that it represented Document Security Systems, Inc. (NYSE American: DSS), a multinational company operating businesses focused on brand protection technology, blockchain security, direct marketing, healthcare, real estate, and securitized digital assets, in a public offering of 769,230 shares of the company’s common stock at a price of $7.80 per share. The offering was made pursuant to a registration statement on Form S-1 (File No. 333-238587) which was previously filed with the Securities and Exchange Commission and declared effective on June 16, 2020. 

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Sichenzia Ross Ference LLP Represents Aegis Capital as Sole Bookrunner in $5.4 Million Public Offering of Digital Ally, Inc. Common Stock

digital ally logo

Press Release – New York, NY – June 5, 2020 – Sichenzia Ross Ference LLP today announced that it represented Aegis Capital Corp. as sole bookrunner in an underwritten public offering of 2,325,581 shares of the common stock of Digital Ally, Inc. (NASDAQ: DGLY), a video security company, at a price of $2.15 per share. The underwriters elected to simultaneously close the over-allotment option consisting of 213,953 shares of common stock, bringing the offering’s gross proceeds to approximately $5.4 million, before deducting underwriting discounts and other offering expenses.

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Founding Partner Marc J. Ross, Esq. Presents Legal Webinar on The Ethical Considerations for an Attorney Advising Clients Engaged In a Marijuana-Related Business

Sichenzia Ross Ference founding partner Marc J. Ross, Esq. will be presenting a webinar course for the Clear Law Institute, titled “The Ethical Considerations for an Attorney Advising a Client Engaged In a Marijuana-Related Business,” on Friday, June 12, 2020 at 3:00 pm. This presentation, which is Continuing Legal Education (“CLE”) accredited, will explore the ethical concerns and practices related to attorneys advising clients that are engaged in marijuana-related business.

To register and participate in this Webinar, please visit the website here include speaker code MRoss291348 for a 35% discount, and pass it along to anyone you think might be interested.

Sichenzia Ross Ference LLP Represents Aegis Capital as Sole Bookrunner in $5.1 Million Public Offering of Digital Ally, Inc. Common Stock

digital ally logo

Press Release – New York, NY – June 5, 2020 – Sichenzia Ross Ference LLP today announced that it represented Aegis Capital Corp. as sole bookrunner in an underwritten public offering of 3,090,909 shares of the common stock of Digital Ally, Inc. (NASDAQ: DGLY), a video security company. The stock was offered at $1.65 per share for gross proceeds of approximately $5.1 million, less underwriting discounts and other offering expenses.

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Sichenzia Ross Ference LLP Represents Genetic Technologies Limited in $8 Million Public Offering

genetic technologies logo

Press Release – New York, NY – May 28, 2020 – Sichenzia Ross Ference LLP today announced that it represented Genetic Technologies Limited (NASDAQ: GENE), a leader in the development of genetic risk assessment tests, in a public offering of 4,000,000 American Depositary Shares (ADSs), each representing six hundred of the Company’s ordinary shares, at a purchase price of $2.00 per ADS.

The Sichenzia Ross Ference LLP team was led by partners Darrin Ocasio and Avital Perlman, counsel Jeffrey Cahlon, and associate Yian Pan.

Marc J. Ross, Esq. Presents a Legal Webinar Explaining the Confusion Surrounding Marijuana Law

Having just finished teaching his fifth successful year of “The Business and Law of Marijuana” at Hofstra University School of Law, SRF founding partner Marc J. Ross, Esq. recently presented a webinar course for the Clear Law Institute, titled “Weeding Out the Confusion in Marijuana Law.”

This webinar, which is Continuing Legal Education (“CLE”) accredited, took place on Monday, May 11, 2020 at 3:00 pm. During the presentation, Marc discussed the confusing and often contradictory laws concerning marijuana for marijuana-related businesses and, amongst other things, address how current federal law remains in stark contrast to the majority of state laws; explain the origins and development of the differing current laws; identify certain areas of the law that should be particularly concerning; and finally, delineate how and why CBD is different, both on the federal and state level.

To access this webinar, please visit the website and include speaker code MRoss289594 for a 35% discount.

 

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