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Sichenzia Ross Ference LLP Team Featured in China Business Law Journal
Press Release – New York, NY – March 27, 2023 – Sichenzia Ross Ference LLP team members were recently featured in China Business Law Journal for their leadership with healthcare firm client ETAO International Group as it closed its combination with special purpose acquisition company (SPAC) Mountain Crest Acquisition III The article entitled, Quartet advises ETAO’s USD1bn de-SPAC listing, includes the following quote:
“Healthcare firm ETAO International Group closed its combination with special purpose acquisition company (SPAC) Mountain Crest Acquisition III with legal services from Sichenzia Ross Ference…
…was led by partners Lou Huan, Jay Kaplowitz and David Manno…”
Sichenzia Ross Ference LLP Represents Spartan Capital Securities, LLC in a $1.25 Million U.S. Private Placement of Alpha Cognition, Inc.
Press Release – New York, NY – March 15, 2023 – Sichenzia Ross Ference LLP today announced that it represented Spartan Capital Securities, LLC in a $1.25 million U.S. private placement offering of Alpha Cognition, Inc. a (OTC: ACOGF), a Canadian biopharmaceutical company committed to developing novel therapies for people with neurodegenerative disorders. The offering consisted of approximately 6.5 million units at an approximate purchase price $0.19 per unit. Each unit consisted of one common share of the Issuer and one share purchase warrant. Each Warrant entitles the Purchaser to one additional common share of the Issuer at a price of approximately $0.28 per Warrant Share for a period of five years from the closing date.
Partners Gregory Sichenzia and Jay Yamamoto led the Sichenzia Ross Ference LLP team.
Sichenzia Ross Ference LLP Represents EzFill Holdings, Inc., in $2,096,000 At-The-Market Offering Facility
Press Release – New York, NY – February 27, 2023 – Sichenzia Ross Ference LLP announced today that it represented EzFill Holdings, Inc. (NASDAQ: “EZFL”), a pioneer in the mobile fuel industry, in a $2,096,000 At-The-Market offering facility (the “ATM”).
The shares were registered on EZFL’s Registration Statement on Form S-3 (File No. 333-268960) filed with the Securities and Exchange Commission on December 22, 2022. ThinkEquityLLC acted as agent for the ATM.
The Sichenzia Ross Ference LLP team was led by partners Gregory Sichenzia and David Manno and associates Matthew Siracusa and Kayla Scoccola.
Sichenzia Ross Ference LLP Represents ShiftPixy, Inc. in $8 Million At-The-Market Offering Facility
Press Release – New York, NY – March 1, 2023 – Sichenzia Ross Ference LLP announced today that it represented ShiftPixy, Inc. (NASDAQ “PIXY”) a national staffing enterprise, in an $8 million At-The-Market offering facility (“ATM”).
The shares were registered on ShiftPixy’s Registration Statement on Form S-3 (File No. 333-269477) filed with the Securities and Exchange Commission on January 31, 2023 and declared effective by the SEC on February 13, 2023, and the prospectus supplement relating to the ATM filed with the SEC on January 31, 2023.
A.G.P./Alliance Global Partners acted as agent for the ATM.
The Sichenzia Ross Ference LLP team was led by partners Gregory Sichenzia, Jeff Cahlon, and Jay Yamamoto.
Sichenzia Ross Ference LLP Represents ETAO International Group In Its Business Combination with Mountain Crest Acquisition Corp. III
Press Release – New York, NY – February 22, 2023– Sichenzia Ross Ference LLP announced today that it has represented ETAO International Group (“EIG”), a digital healthcare group, on a business combination transaction with Mountain Crest Acquisition Corp. III, a then publicly traded special purpose acquisition company (“SPAC”) and such transaction has closed on February 17, 2023. The securities of ETAO International Co., Ltd. (“ETAO”), the parent holding company of the resulting combined company, commenced trading on Nasdaq under the ticker symbol “ETAO” on February 21, 2023.
The shareholders of the SPAC approved the transaction at a special meeting held on February 7, 2023, and the transaction was also approved by EIG’s stockholders. EIG’s management team, led by Founder and Chief Executive Officer, Wilson Liu, will lead the combined company, along with Chief Financial Officer, David Muson.
The Sichenzia Ross Ference LLP team was led by partners Huan Lou, Jay Kaplowitz, David Manno, and associate Jiayi Ji.
Sichenzia Ross Ference LLP Represents Laidlaw & Company (UK) Ltd. in Pricing of The NFT Gaming Company, Inc.’s $7 Million Initial Public Offering
Press Release – New York, NY – February 21, 2023 – The NFT Gaming Company, Inc. (“NFT Gaming” or the “Company”), a company developing a digital gaming platform and community that will offer users the ability to mint unique avatars playable in all of the games on the platform in the form of non-fungible tokens, or “NFTs,” today announced the pricing of its initial public offering of 1,686,747 shares of common stock (the “Common Stock”) at a public offering price of $4.15 per share of Common Stock, for aggregate gross proceeds of approximately $7 million, prior to deducting underwriting discounts, commissions, and other offering expenses and excluding any exercise of the underwriters’ option to purchase any additional securities as described herein. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 253,012 shares of Common at the public offering price less the underwriting discounts and commissions.
Laidlaw & Company (UK) Ltd. and Revere Securities LLC, are acting as joint book-running managers for the offering.
Team led by partners Darrin Ocasio, Barrett DiPaolo and Avital Perlman, and associates Matthew Siracusa and Kayla Scoccola.
Sichenzia Ross Ference LLP Represents Bullfrog AI Holdings, Inc. in $8.4 Million Initial Public Offering of Common Stock
Press Release – New York, NY – February 16, 2023 – Sichenzia Ross Ference LLP announced today that it represented Bullfrog AI Holdings, Inc. (NASDAQ: BFRG; BFRGW) (the “Company”), a digital technology company using machine learning to usher in a new era of precision medicine, in a $8.4 million initial public offering. The offering consisted of 1,297,318 at a price of $6.50 per unit. Each unit consists of one share of the Company’s common stock, one tradeable warrant to purchase one share of common stock at an exercise price of $7.80 per share, and one non-tradeable warrant, to purchase one share of the Company’s common stock at an exercise price of $8.125.
The Sichenzia Ross Ference LLP team was led by partner Arthur Marcus and associates Matthew Siracusa and Kayla Scoccola.
Sichenzia Ross Ference LLP Represents Spartan Capital Securities, LLC in $6.25 Million Registered Direct Offering of Common Stock of Processa Pharmaceuticals, Inc.
Press Release – New York, New York – February 15, 2023 – Sichenzia Ross Ference LLP announced today that it represented Spartan Capital Securities, LLC in a registered direct offering of common stock of Processa Pharmaceuticals, Inc. (NASDAQ: PCSA) (the “Company”), a diversified clinical-stage company developing next generation chemotherapy drugs. The Company has entered into definitive agreements with investors for the purchase and sale of 7,812,544 common shares at a purchase price of $0.80 per share priced at-the-market under NASDAQ rules. The gross proceeds from the registered direct offering were $6.25 million.
The Sichenzia Ross Ference LLP team was led by partners Gregory Sichenzia and Avital Perlman, associate Kayla Scoccola, and law clerk Anastasia Hayes.
Sichenzia Ross Ference LLP Represents H.C. Wainwright in $5 Million Public Offering of Staffing 360 Solutions, Inc.
Press Release – New York, NY – February 14, 2023 – Sichenzia Ross Ference LLP announced today that it represented H.C. Wainwright & Co., LLC in a $5 million public offering of securities 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 1,884,516 units (or pre-funded units in lieu thereof), each unit consisting of one share of common stock (or pre-funded warrant in lieu thereof) and one warrant to purchase one share of common stock, at an offering price of $2.6532 per unit. The warrants have an exercise price of $2.47 per share, are immediately exercisable, and will expire five years from issuance.
The Sichenzia Ross Ference LLP team was led by partners Gregory Sichenzia, Jeff Cahlon and Avital Perlman and associates Christian Lichtenberger and Jack Fattal.
Sichenzia Ross Ference LLP Represents E-Home Household Service Holdings Limited in $70 Million Shelf-takedown
Press Release – New York, NY – February 10, 2023 – Sichenzia Ross Ference LLP announced today that it represented E-Home Household Service Holdings Limited, (“The Company”) (NASDAQ: “EJH”) a household service company based in Fuzhou, China, in a $70 million shelf-takedown. The Company sold 183,077,333 ordinary shares in the registered direct offering.
The Sichenzia Ross Ference LLP team was led by partners Huan Lou, David B. Manno, and associates Mayank Pradhan and Jiayi “Jay” Ji.
Sichenzia Ross Ference LLP Represents Alset Inc. in $3.8 Million Underwritten Public Offering of Common Stock
Press Release – New York, NY – February 9, 2023 – Sichenzia Ross Ference LLP announced today that it represented Alset Inc. (NASDAQ: AEI), a diversified company engaged through its subsidiaries in the development of EHome communities and other real estate, financial services, digital transformation technologies, biohealth activities, in its underwritten public offering of common stock. The offering consisted of 1,727,273 shares of common stock at a price of $2.20 per share, for gross proceeds of approximately $3.8 million.
The Sichenzia Ross Ference LLP team was led by partners Gregory Sichenzia, Darrin Ocasio, Avital Perlman, and associates Matthew Siracusa and Kayla Scoccola.
Sichenzia Ross Ference LLP Represents Genetic Technologies in a $5 Million Registered Direct Offering
Press Release – New York, NY – February 9, 2023 – Sichenzia Ross Ference LLP announced today that it represented Genetic Technologies Limited (the “Company”) (ASX:GTG, NASDAQ: GENE), a global leader in guideline-driven genomics-based tests in health, wellness, and serious diseases, in a $5 million registered direct offering of American Depositary Shares (“ADSs”). The registered direct offering consisted of 2,307,693,000 ordinary shares represented by 3,846,155 ADSs at an offering price of $1.30 per ADS.
The Sichenzia Ross Ference LLP team was led by partners Darrin Ocasio and Avital Perlman and associate Matthew Siracusa.
Sichenzia Ross Ference to Sponsor Gravitas Securities 6th Annual Growth Conference
Sichenzia Ross Ference LLP is pleased to announce that it will be sponsoring Gravitas Securities 6th Annual Growth Conference, which will take place in person on Thursday, March 2, 2023, at the Fairmont Pacific Rim Hotel in Vancouver, BC.
This event will feature some of the most prominent names in the small-cap community and include an extensive audience of venture capital, family office, and institutional investors, as well as investment bankers from all over Canada and abroad.
If you are interested in attending the event, please register by contacting events@gravitassecurities.com. We look forward to connecting with all of our valued partners at the event!
Sichenzia Ross Ference LLP Represents Sharps Technology, Inc. in $3.8 Million Private Placement Priced At-the-Market
Press Release – New York, NY – February 6, 2023 – Sichenzia Ross Ference LLP announced today that it represented Sharps Technology, Inc. (Nasdaq: STSS and STSSW) (the “Company”), an innovative medical device company offering patented, best-in-class, single use smart safety syringe products, in its private placement priced at-the market. The Company issued 2,248,521 units at a purchase price of $1.69 per unit priced at-the-market under NASDAQ rules. Each unit consists of one share of common stock and one non-tradable warrant exercisable for one share of common stock at a price of $1.56. The warrants have a term of five years from the issuance date. The gross proceeds were $3.8 million before deducting fees to the placement agent and other offering expenses payable by the Company.
The Sichenzia Ross Ference LLP team was led by partner Arthur Marcus and associates Matthew Siracusa, Rohini Sud, and Jack Fattal.
Sichenzia Ross Ference LLP Represents EF Hutton in $57.5 Million Initial Public Offering of Cetus Capital Acquisition Corp.
Press Release – New York, NY – February 6, 2023 – Sichenzia Ross Ference LLP announced today that it represented EF Hutton, division of Benchmark Investments LLC, in a $57.5 Million Initial Public Offering of Cetus Capital Acquisition Corp (NASDAQ: “CETUU”). The offering consisted of 5,750,000 units, including the underwriter’s over-allotment, at $10.00 per unit and was listed on the Nasdaq Capital Market for trading on Wednesday, February 1st, 2023. Each unit consists of one share of the Company’s Class A common stock, one redeemable warrant, and one right.
The Sichenzia Ross Ference LLP team was led by partners Huan Lou, David Manno and associate Kayla Scoccola.
Sichenzia Ross Ference LLP Represents EF Hutton in $8.4 Million Simultaneous Registered Direct Offering and Private Placement of Securities of Nemaura Medical, Inc.
Press Release – New York, NY – January 2023 – Sichenzia Ross Ference LLP announced today that it represented EF Hutton, division of Benchmark Investments LLC, acting as the exclusive placement agent, in a registered direct and private placement of the securities of Nemaura Medical, Inc. (NASDAQ: NMRD), a medical technology company focused on developing and commercializing non-invasive wearable sensors and supporting personalized lifestyle and weight reduction programs.
The Sichenzia Ross Ference LLP team was led by partners Darrin Ocasio and Jeff Cahlon, associate Mayank Pradhan and senior paralegal Raquel Vazquez.
Sichenzia Ross Ference LLP Represents Verb Technology Company, Inc. in $7.2 Million Underwritten Public Offering of Common Stock
Press Release – New York, NY – January 26, 2023 – Sichenzia Ross Ference LLP announced today that it represented Verb Technology Company, Inc. (NASDAQ: VERB), the leader in interactive video-based sales-enablement applications, in a $7.2 Million Underwritten Public Offering of common stock. The offering consisted of 36,051,000 shares of common stock (the “Offering”) at a price of $0.20 per share.
Aegis Capital Corp. acted as the sole book-running manager for the Offering.
The Sichenzia Ross Ference LLP team was led by partners Gregory Sichenzia, Marcelle Balcombe, senior paralegal Raquel Vazquez, and law clerk Anastasia Hayes.
Sichenzia Ross Ference LLP Represents Jupiter Wellness, Inc. in $4.1 Million Registered Direct Offering and Concurrent Private Placement of Warrants
Press Release – New York, NY – January 24, 2023 – Sichenzia Ross Ference LLP announced today that it represented Jupiter Wellness, Inc., (“The Company”) (NASDAQ: “JUPW”) a leading developer of CBD based skin care therapeutics and treatments, in a registered direct and concurrent private placement of warrants. The Company purchased and sold 4,315,757 shares in the registered direct offering. In the coinciding private placement, The Company has also issued and sold to the investor 8,631,574 warrants to purchase up to one share of common stock each at an exercise price of $1.00 per share. The aggregate gross proceeds from both the offerings were approximately $4.1 million.
The Sichenzia Ross Ference LLP team was led by partners Gregory Sichenzia, Arthur Marcus, Jeff Cahlon and associates Mayank Pradhan and Rohini Sud.
Sichenzia Ross Ference LLP Represents Network 1 Financial Securities, Inc. in $69 Million Public Offering of Horizon Space Acquisition I Corp.
Press Release – New York, NY – December 27, 2022 – Sichenzia Ross Ference LLP announced that it represented Network 1 Financial Securities, Inc. in the public offering of Horizon Space Acquisition I Corp. (the “Company”), a newly organized blank check company incorporated as a Cayman Islands exempted company.
Sichenzia Ross Ference LLP Represents mCloud Technologies Corp. in $25 Million Public Offering
Press Release – New York, NY – December 29, 2022 – Sichenzia Ross Ference LLP today announced that it represented mCloud Technologies Corp. (NASDAQ: MCLD, MCLDW, MCLDP) (TSX-V: MCLD), a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets (“mCloud”), in its public offering of up to $25,000,000 9.0% Series A Cumulative Perpetual Preferred Shares, with a liquidation preference of $25.00 per share (the “Series A Preferred Shares”), and up to 25,000,000 warrants to purchase one common share. The Series A Preferred Shares have been approved for listing on the Nasdaq Capital Market and are expected to begin trading under the symbol “MCLDP” on December 30, 2022. The warrants are identical to, and will be listed on the Nasdaq Capital Market along with, the warrants issued by mCloud in November 2021 that are currently listed on The Nasdaq Capital Market under the symbol “MCLDW.”
Sichenzia Ross Ference LLP Represents Aegis Capital Corp. in $8 Million Underwritten Public Offering of BiondVax Pharmaceuticals Ltd.
Press Release – New York, NY – December 21, 2022 – Sichenzia Ross Ference LLP today announced that it represented Aegis Capital Corp. as sole book running manager in the $8 Million underwritten public offering of BiondVax Pharmaceuticals, a biotechnology company which focuses on developing, manufacturing, and commercializing innovative immunotherapeutic products. The offering consisted of 1,600,000 units and pre-funded units, with each unit consisting of one American Depositary Share (“ADS”) and two warrants, each to purchase one ADS, at a combined purchase price of $5.00 per unit (or $4.999 per pre-funded unit after reducing $0.001 attributable to the exercise price of the pre-funded warrants). The gross proceeds of the offering to the company were approximately $8 million.
Sichenzia Ross Ference to Sponsor Gravitas Securities 6th Annual Growth Conference
Sichenzia Ross Ference is proud to be a Gold Sponsor of the Gravitas Securities 6th Annual Growth Conference taking place on Thursday, March 2nd, 2023, at the Fairmont Pacific Rim Hotel in Vancouver, BC. This year’s event will welcome an extensive audience that will include retail, venture capital, family office, and institutional investors, as well as investment bankers from all over Canada and abroad. For the 6th consecutive year, the event will help to empower truly incredible companies and leaders who collectively help to shape the Canadian and global growth capital markets. With a wide array of industries featured year after year and the most prominent names in the small-cap community in the same place at the same time, the event is widely anticipated.
Sichenzia Ross Ference LLP Represents ThinkEquity LLC in $10 Million Investment In TECO 2030
Press Release – New York, NY – November 16, 2022 – Sichenzia Ross Ference LLP announced today that it represented ThinkEquity LLC as placement agent in connection with a $10 million strategic investment in TECO 2030 AS, a Norwegian based clean tech company developing zero-emission technology for the maritime and heavy industry. The investment was in the form of 13,443,875 shares of TECO for an aggregate consideration of $7 million USD, with convertible bonds of TECO in the principal amount of $3 million USD.
Sichenzia Ross Ference LLP Represents Murphy Canyon Acquisition Corp. in Definitive Merger Agreement with Conduit Pharmaceuticals Limited
Press Release – New York, NY November 9, 2022 – Sichenzia Ross Ference LLP announced today that it represented Murphy Canyon Acquisition Corp. (Nasdaq: MURF), a publicly traded special purpose acquisition company (SPAC) in a definitive merger agreement with Conduit Pharmaceuticals Limited (“Conduit”). The combined company is anticipated to have an implied initial enterprise value of approximately $700.49 million, and the transaction is expected to deliver cash proceeds of around $149.36 million to Conduit (assuming no redemptions). The combined company’s common stock is anticipated to be listed on Nasdaq under the ticker symbol “CDT”, which is expected to occur in the first quarter of 2023.
Sichenzia Ross Ference LLP Represents Hudson Acquisition I Corp. in $68.4 Million Initial Public Offering
Press Release – New York, NY – October 21, 2021 – Sichenzia Ross Ference LLP announced today that it represented Hudson Acquisition I Corp. (NASDAQ: HUDA) in its initial public offering. HUDA is a Special Purpose Acquisition Company. The Hudson Management team is led by CEO Jiang Hui, a seasoned financial professional with deep experiences in banking and securities business, along with an experienced board.
Eight Sichenzia Ross Ference LLP Attorneys Selected for Inclusion on 2022 Super Lawyers Lists
Press Release – New York, NY – October 24, 2022 – 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 2022. Those members include:
Sichenzia Ross Ference LLP Represents The Singing Machine Company, Inc. In $15 Million Senior Secured Financing with Fifth Third Bank, N.A.
Press Release – New York, NY – October 20, 2022 – Sichenzia Ross Ference LLP announced today that it represented The Singing Machine Company, Inc. (NASDAQ: MICS) (“The Company”) in its agreement with Fifth Third Bank, N.A. (“Fifth Third”) for senior secured financing. Under the agreement, Fifth Third will provide the Company with up to $15.0 million dollars in asset-based lending during the Company’s peak shipping season, and reduce to $7.5 million from January 1st to June 30th.
Sichenzia Ross Ference LLP Represents ThinkEquity LLC in $6.87 Million Public Offering of Common Stock of Twin Vee PowerCats Co.
Press Release – New York, NY – October 3, 2022 – Sichenzia Ross Ference LLP announced today that it represented ThinkEquity LLC in the public offering of the common stock of Twin Vee PowerCats Co. (NASDAQ: VEEE), a manufacturer, distributor, and marketer of power sport catamaran boats. The offering consisted of 2,500,000 shares of its common stock at a public offering price of $2.75 per share, for gross proceeds of $6,875,000. The Company has granted the underwriters a 45-day option to purchase up to an additional 375,000 shares of common stock to cover over-allotments.
Sichenzia Ross Ference LLP Represents Laidlaw & Company (UK) Ltd. in $5.75 Million Public Offering and Nasdaq Uplisting of Silo Pharma, Inc.
Press Release – New York, NY – October 3, 2020 – Sichenzia Ross Ference LLP announced today that it represented Laidlaw & Company (UK) Ltd. in the $5.75 million initial public offering and Nasdaq uplisting of Silo Pharma, Inc. (Nasdaq: SILO), a developmental stage biopharmaceutical company focused on merging traditional therapeutics with psychedelic research. 1,150,000 shares of common stock, which included the full exercise of the underwriters’ over-allotment option, were sold to the public at a price of $5.00 per share. Silo Pharma’s common stock began trading on the Nasdaq Capital Market under the ticker symbol “SILO” on September 27, 2022.
Sichenzia Ross Ference LLP Represents Splash Beverage Group, Inc. in $3.1 Million Underwritten Public Offering
Press Release – New York, NY – September 28, 2022 – Sichenzia Ross Ference LLP today announced that it represented Splash Beverage Group, Inc. (NYSE American: SBEV), a portfolio company of leading beverage brands, in an underwritten public offering. The offering consisted of 2,000,000 shares of common stock at a price to the public of $1.55 per share. The gross proceeds of the offering to the company were approximately $3.1 million.
Sichenzia Ross Ference LLP Represents ShiftPixy, Inc. in a $5 Million Private Placement
Press Release – New York, NY – September 26, 2022 – Nationally recognized securities and corporate law firm Sichenzia Ross Ference LLP announced today that it has represented ShiftPixy, Inc. (NASDAQ “PIXY”) , a national staffing enterprise, in a $5 Million Private Placement of common stock and warrants.
Founding Partner Gregory Sichenzia Discusses Reverse Mergers with Law360
Press Release – New York, NY – September 19, 2022 – Sichenzia Ross Ference LLP founding partner Gregory Sichenzia recently spoke with Tom Zanki of Law360 to discuss the growing prominence of reverse mergers as the SPAC market cools off. The article, which can be read on the Law360 website here, includes the following context and quotes from Sichenzia:
Sichenzia Ross Ference LLP Represents Laidlaw & Company (UK) Ltd. in $2.3 Million Registered Direct Offering of Common Stock and Concurrent Private Placement of Warrants of Amesite Inc.
Press Release – New York, NY – September 1, 2022 – Sichenzia Ross Ference LLP announced today that it represented Laidlaw & Company (UK) Ltd. as sole placement agent for Amesite Inc. (NASDAQ: AMST), a leading artificial intelligence software company offering a cloud-based learning platform for business and education markets, in a registered direct offering of 4,181,821 shares of common stock, and a concurrent private placement of warrants to purchase 4,181,821 shares of common stock, at a combined purchase price of $0.55. The gross proceeds to Amesite from this offering were approximately $2.3 million, before deducting placement agent fees and other offering expenses.
Sichenzia Ross Ference LLP Represents Mobilicom Limited in $13.3 Million Initial Public Offering and NASDAQ Listing
Press Release – New York, NY – August 29, 2022 – Sichenzia Ross Ference LLP announced today that it represented Mobilicom Limited (NASDAQ: MOB and MOBBW), an Australian company based in Israel, in its initial public offering and NASDAQ listing. Mobilicom is a provider of cybersecurity and smart solutions for drones, robotics, and autonomous platforms. Its initial public offering consisted of 3,220,338 units, including 362,338 units sold upon full exercise of the underwriter’s option. Each unit was sold at a price of $4.13 and consisted of one American Depository Share (“ADS”) and one warrant to purchase an additional ADS at an exercise price of $5.00. Mobilicom’s ordinary shares are also traded on the Australian stock exchange under the symbol MOB.AX. The gross proceeds from the offering were approximately $13.3 million, before deducting underwriting discounts and offering expenses.
Small IPOs Buck Trends In An Otherwise Cold Market
By Tom Zanki
Law360 (August 24, 2022, 6:38 PM EDT) — While the initial public offerings market remains largely frozen for big-name companies, a steady supply of smaller IPOs are defying the doldrums this summer, generating work for capital markets lawyers who specialize in so-called micro-cap offerings.
In Memorium of Robert M. Birnbaum
It is with a heavy heart and profound sadness that we share that our partner and friend Robert Birnbaum passed away last Friday afternoon.
Robert was a wonderful addition to our firm and we are so grateful to have had the chance to work with him these past years. He was kind and generous with his time. He was incredibly approachable and a steady and calming presence in the office. He was always willing to share his wisdom and experience with everyone at the firm.
Robert was an exceptional attorney, loving husband and father and mentor to all of us. We are lucky to have shared even just a handful of years with him. He will be greatly missed.
Donations and contributions in Robert’s name can be made to Kripplebush-Lyonsville Fire Co. Inc., sent to: 519 Pine Bush Rd, Stone Ridge, NY 12484
Please keep Robert and his family in your thoughts and prayers.
Sichenzia Ross Ference LLP Represents ThinkEquity LLC in $17.25 Million Initial Public Offering of Common Stock of Forza X1, Inc.
Press Release – New York, NY – August 16, 2022 – Sichenzia Ross Ference LLP announced today that it represented ThinkEquity LLC in the initial public offering of the common stock of Forza X1, Inc. (NASDAQ: FRZA), a developer of electric sport boats with a mission of sustainable recreational boating. The offering consisted of 3,450,000 shares of its common stock at a public offering price of $5.00 per share, including 450,000 shares sold upon full exercise of the underwriter’s option to purchase additional shares, for gross proceeds of $17,250,000.
Sichenzia Ross Ference LLP Joins Splash Beverage Group, Inc. in Ringing Opening Bell at NYSE
New York, NY – July 27, 2022 – Sichenzia Ross Ference LLP partner David Manno and associate Michael Blane joined Splash Beverage Group, Inc. (NASDAQ: SBEV), a portfolio company of leading beverage brands, for today’s opening bell ceremony at the New York Stock Exchange on Wall Street. To view video of the event, please click here.
Sichenzia Ross Ference LLP Represents Roth Capital Partners in Public Offering of Common Stock of Crown Electrokinetics Corp.
Press Release – New York, NY – July 22, 2022 – Sichenzia Ross Ference LLP announced today that it represented Roth Capital Partners, as sole book-running manager, in a $1 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 consisted of 1,250,000 shares of common stock at a public offering price of $.80 per share. continue reading >>
Sichenzia Ross Ference LLP Represents ShiftPixy Inc. in a $1.3 Million Warrant Exchange and Exercise
Press Release – New York, NY – July 20, 2022 – Nationally recognized securities and corporate law firm Sichenzia Ross Ference LLP announced today that it has represented ShiftPixy (NASDAQ “PIXY”) (the “Company”) in a $1.3 Million Warrant Exchange and Exercise with an Institutional Investor.
Sichenzia Ross Ference LLP Represents Aegis Capital Corp. in $8 Million Simultaneous Registered Direct Offering and Private Placement of Securities of Kaspien Holdings Inc.
Press Release – New York, NY – July 14, 2022 – Sichenzia Ross Ference LLP announced today that it represented Aegis Capital Corp., acting as the exclusive placement agent, in a registered direct and private placement of the securities of Kaspien Holdings Inc. (NASDAQ: KSPN), an e-commerce marketplace growth platform. The Company issued 638,978 shares of its common stock at a purchase price of $3.13 per share (or pre-funded warrant in lieu thereof) in the registered direct offering. In the coinciding private placement, Kaspien Holdings Inc. has also issued and sold to the investor 1,818,182 shares of common stock at a purchase price of $3.30 per share and warrants to purchase 2,457,160 shares of common stock at an exercise price of $3.13. The aggregate gross proceeds from both the offerings were approximately $8 million.
Sichenzia Ross Ference LLP Represents A.G.P./ALLIANCE Global Partners in $10 Million Registered Direct Offering of Common Stock and Warrants of Alpine 4 Holdings, Inc.
Press Release – New York, NY – July 13, 2022 – Sichenzia Ross Ference LLP announced today that it represented A.G.P./Alliance Global Partners as sole placement agent in a $10 million registered direct offering of the common stock and warrants of Alpine 4 Holdings, Inc. (NASDAQ: ALPP) (the “Company”), a leading operator and owner of small market businesses. The offering consisted of the purchase and sale of 14,492,754 shares of the Company’s common stock and warrants to purchase up to 14,492,754 shares of the Company’s common stock at a combined purchase price of $0.69 per one Share and accompanying Warrant.
Sichenzia Ross Ference LLP Represents Network 1 Financial Securities, Inc. in $20.24 Million Initial Public Offering of Common Stock of Golden Sun Education Group Ltd.
Press Release – New York, NY – June 24, 2022 – Sichenzia Ross Ference LLP announced today that it represented Network 1 Financial Securities, Inc. as sole underwriter in the initial public offering of the common stock of Golden Sun Education Group Ltd. (NASDAQ: GSUN), a provider of tutorial services in China. The offering consisted of 5,060,000 Class A ordinary shares of its common stock at a public offering price of $4.00 per share, which included 660,000 Class A ordinary shares issued pursuant to the full exercise of the underwriter’s over-allotment option, for gross proceeds of $20,240,000.
Sichenzia Ross Ference LLP Represents Spartan Capital Securities LLC and Pacific Century Securities LLC in $14.1 Million Initial Public Offering of Common Shares of Lytus Technologies Holdings PTV. Ltd.
Press Release – New York, NY – June 22, 2022 – Sichenzia Ross Ference LLP announced today that it represented Spartan Capital Securities as a joint underwriter with Pacific Century Securities, LLC, in the initial public offering of the common shares of Lytus Technologies Holdings PTV. Ltd (NASDAQ: LYT), a platform technology services company. The offering consisted of 2,609,474 shares of its common shares and 391,421 common shares of the fully exercised overallotment option at a public offering price of $4.75 per share, for gross proceeds of $14.1 million.
Sichenzia Ross Ference LLP Represents Aegis Capital Corp. in $10 Million Private Placement of SciSparc Ltd.
Press Release – New York, NY – June 1, 2022 – Sichenzia Ross Ference LLP today announced that it represented Aegis Capital Corp. as exclusive placement agent in a $10,000,000 private placement offering of SciSparc Ltd. (NASDAQ: SPRC), a specialty clinical-stage pharmaceutical company focusing on the development of therapies to treat disorders of the central nervous system. The offering consisted of 3,546,100 units at a purchase price of $2.82 per unit, priced at-the-market under Nasdaq rules. Each unit consisted of 1 share of common stock and 2 non-tradable warrants at an exercise price of $2.57. The gross proceeds from the private placement offering were approximately $10 million.
Sichenzia Ross Ference LLP Represents The Singing Machine, Inc., in $4 Million Underwritten Public Offering and Uplisting to Nasdaq
Press Release – New York, NY – May 26, 2022 – Sichenzia Ross Ference LLP announced today that it represented The Singing Machine, Inc. (Nasdaq: MICS), the worldwide leader in consumer karaoke products, in an underwritten public offering of 1,000,000 shares of common stock at a price to the public of $4.00 per share. The common shares began trading on the Nasdaq Capital Market on May 24, 2022, under the symbol “MICS”. The gross proceeds to the company were approximately $4 million.
Sichenzia Ross Ference LLP Joins Cyngn Inc. in Ringing Opening Bell at Nasdaq MarketSite
New York, NY – May 11, 2022 – Sichenzia Ross Ference LLP partners Gregory Sichenzia and Marcelle Balcombe joined Cyngn Inc. (NASDAQ: CYN), a developer of innovative autonomous driving software solutions for industrial and commercial applications, for today’s opening bell ceremony at Nasdaq MarketSite in Times Square.
Mr. Sichenzia represented Cyngn Inc. in their recent public offering and Nasdaq listing along with partners Marcelle Balcombe and Jeff Cahlon. Click here to view the livestream.
Gregory Sichenzia of Sichenzia Ross Ference LLP Quoted in Law360’s “IPO Lawyers See Mild Pickup in an Otherwise Cool Spring”
Press Release – New York, NY – May 4, 2022 – Gregory Sichenzia, Founding Partner of Sichenzia Ross Ference LLP, was quoted in Law360’s article published on May 3, 2022, “IPO Lawyers See Mild Pickup In An Otherwise Cool Spring”, by Tom Zanki:
“Sichenzia Ross Ference partner Greg Sichenzia said valuations and other terms of new offerings have shifted in favor of investors, who can be more selective nowadays.
‘It’s not a seller’s market anymore,’ Sichenzia said. ‘It’s a buyer’s market. The terms have changed from 12 months ago, or six months ago.’”
Press here to read the full article and more at Law360.
Sichenzia Ross Ference LLP Represents Cyngn Inc. in $20 Million Private Placement Offering
Press Release – New York, NY – May 2, 2022 – Sichenzia Ross Ference LLP today announced that it represented Cyngn Inc., a venture capital backed developer of innovative autonomous driving software solutions for industrial and commercial applications (NASDAQ: CYN), in a $20 million private placement. Previous shareholders of CYN include Benchmark Capital, Andreessen Horowitz and Qualcomm Ventures. The offering included 6,451,613 units and pre-funded units at a purchase price of $3.10 per unit, priced at-the-market under Nasdaq rules. Each unit and pre-funded unit consisted of one share of common stock or common stock equivalent, and one non-tradable warrant. The gross proceeds to the Company from the offering were approximately $20 million.
Sichenzia Ross Ference LLP Represents Sunshine Biopharma, Inc. in $19.5 Million Private Placement Offering
Press Release – New York, NY – May 1, 2022 – Sichenzia Ross Ference LLP today announced that it represented Sunshine Biopharma, Inc., a pharmaceutical company focused on the research, development and commercialization of oncology and antiviral drugs (NASDAQ: SBFM), in a $19.5 million private placement. The offering included 4,862,845 units and pre-funded units at a purchase price of $4.01 per unit (or $4.009 per pre-funded unit), priced at-the-market under Nasdaq rules. Each unit and pre-funded unit consisted of one share of common stock or common stock equivalent, and two non-tradable warrants. The gross proceeds to the Company from the offering were approximately $19.5 million.
Sichenzia Ross Ference LLP Represents Relmada Therapeutics, Inc. in $100 Million At-The-Market Offering Facility
Press Release – New York, NY – April 14, 2022 – Sichenzia Ross Ference LLP announced today that it represented Relmada Therapeutics, Inc. (NASDAQ: “RLMD”), a late-stage biotechnology company, in a $100 million At-The-Market offering facility (“ATM”).
Sichenzia Ross Ference LLP Represents Biotricity, Inc. in $50 Million At-The-Market Offering Facility
Press Release – New York, NY – March 23, 2022 – Sichenzia Ross Ference LLP announced today that it represented Biotricity, Inc. (NASDAQ: “BTCY”), a medical diagnostic and consumer healthcare technology company, in a $50 million At-The-Market offering facility (“ATM”).
Sichenzia Ross Ference LLP Represents AiAdvertising, Inc. in $10 Million Private Placement Offering
Press Release – New York, NY – March 28, 2022 – Sichenzia Ross Ference LLP today announced that it represented AiAdvertising, Inc., an innovative technology company and leading provider of AI-enabled marketing solutions (OTCM: AIAD), in a $10.0 million purchase agreement with GHS Investments, LLC. The offering consisted of up to $10.0 million in shares of common stock.
Sichenzia Ross Ference LLP Represents Sharps Technology, Inc. in $16 Million Initial Public Offering
Press Release – New York, NY – April 19, 2022 – Sichenzia Ross Ference LLP announced today that it represented Sharps Technology, Inc. (Nasdaq: STSS and STSSW), an innovative medical device company offering patented, best-in-class, single use smart safety syringe products, in its initial public offering of 3,750,000 units at a public offering price of $4.25 per unit, each consisting of one share of common stock and two warrants to purchase one share of common stock. The gross proceeds from the offering were approximately $16 million, before deducting underwriting discounts, commissions and offering expenses.
Sichenzia Ross Ference LLP Represents Boustead Securities LLC in $22.5 Million Underwritten Public Offering for Genius Group Limited.
Press Release – New York, NY –April 15, 2022 – Sichenzia Ross Ference LLP congratulates Genius Group Limited (“Genius Group” or the “Company”) (NYSE: GNS), a world-leading entrepreneur Edtech and education group, on the final closing of its initial public offering on April 14, 2022. The Company raised $22,581,816 in gross proceeds, before deducting underwriting discounts, commissions and other offering expenses, by issuing 3,763,636 ordinary shares at a public offering price of $6.00 per share. The ordinary shares commenced trading on the NYSE American, effective April 12, 2022, under the symbol “GNS.”
Sichenzia Ross Ference LLP Launches Fintech & Blockchain Practice
Sichenzia Ross Ference LLP (SRF) is proud to announce the formation of the Fintech & Blockchain Practice Group. This new group will guide clients in matters relating to blockchain technologies and virtual currency.
As an award-winning securities law firm, SRF’s leading reputation in the field extends to a variety of financial and regulatory areas, and continues to grow—always meeting our client’s needs. The Fintech & Blockchain Group will harness our attorneys’ wide-array of expertise to keep our client’s ahead of the curve—guiding them in mitigating legal risk and maximizing economic opportunity as they explore these emerging technologies.
The group will offer services related to Capital Markets, Regulation, & Compliance, including coin offerings, licensing, and investing in digital assets; Business Counsel, for NFTs, smart contracts, and outside general counsel services; and Litigation & Arbitration, representing clients in partnership disputes and regulator inquiries.
The lawyers joining SRF in the Fintech & Blockchain Practice are members from the firm’s Corporate Law; Securities Law; and Business Litigation & Arbitration practice groups, including Marc J. Ross, Jennifer Trowbridge, and Emily M. Knight.
The SPAC Conference – June 15 & 16, 2022
Sichenzia Ross Ference is a proud sponsor of The SPAC Conference 2022. Join us June 15 and 16th at the West Chester Country Club in Rye, NY.
The SPAC Conference brings together the leading investors, sponsors, and bankers. In 2022, we are offering more networking opportunities and an expanded agenda designed to offer technical education for SPAC professionals. To learn more or to register, please click here.
Sichenzia Ross Ference LLP Represents Aegis Capital Corp. in $10 Million Underwritten Public Offering for Tantech Holdings Ltd.
Press Release – New York, NY – March 21, 2022 – Sichenzia Ross Ference LLP today announced that it represented Aegis Capital Corp. as sole book runner in an underwritten public offering of Tantech Holdings Ltd (NASDAQ: TANH). The offering included 20,000,000 shares of common stock and prefunded warrants to purchase common shares at a price to the public of $0.50 per share. The gross proceeds of the offering to the company were approximately $10.0 million.
Sichenzia Ross Ference LLP Represents Sunshine Biopharma, Inc. in $8 Million Private Placement
Press Release – New York, NY – March 15, 2022 – Sichenzia Ross Ference LLP today announced that it represented Sunshine Biopharma, Inc., a pharmaceutical company focused on the research, development and commercialization of oncology and antiviral drugs (NASDAQ: SBFM), in a $8.0 million private placement. The offering included 2,301,353 shares of common stock together with common warrants to purchase up to 2,301,353 shares of common stock, and 1,302,251 pre-funded warrants, together with common warrants to purchase up to 1,302,251 shares of common stock. Each share of common stock and accompanying common warrant were sold together at a combined offering price of $2.22, and each pre-funded warrant and accompanying common warrant were sold together at a combined offering price of $2.219. The common warrants have an exercise price of $2.22 per share. The gross proceeds to the Company from the offering were approximately $8.0 million.
Sichenzia Ross Ference LLP Represents Splash Beverage Group, Inc. in $9.2 Million Underwritten Public Offering
Press Release – New York, NY – February 18, 2022 – Sichenzia Ross Ference LLP today announced that it represented Splash Beverage Group, Inc. (NYSE American: SBEV), a portfolio company of leading beverage brands, in an underwritten public offering. The offering consisted of 2,300,000 shares of common stock at a price to the public of $4.00 per share. The gross proceeds of the offering to the company were approximately $9.2 million.
Sichenzia Ross Ference LLP Represents Sunshine Biopharma Inc. in $8 Million Underwritten Public Offering
Press Release – New York, NY – February 17, 2022 – Sichenzia Ross Ference LLP today announced that it represented Sunshine Biopharma, Inc. (NASDAQ: SBFM), a pharmaceutical company focused on the research, development, and commercialization of oncology and antiviral drugs, in an underwritten public offering. The offering consisted of 1,882,353 units at a price to the public of $4.25 per unit. Each unit consists of one share of common stock and two warrants. The gross proceeds of the offering to the company were approximately $8 million.
Sichenzia Ross Ference LLP Acts as Principal Attorney Liaison for Blue Star Helium Limited on OTCQB Listing
Press Release – New York, NY – February 14, 2022 – Sichenzia Ross Ference LLP announced today that it sponsored Blue Star Helium Limited (OTCQB: “BSNLF”), an Australian helium exploration and development company, for the OTCQB. Sichenzia Ross is a qualified firm responsible for providing guidance on OTCQB requirements and recommending membership. The Sichenzia Ross team was led by partner Darrin Ocasio.
Sichenzia Ross Ference LLP Represents Murphy Canyon Acquisitions Corp. in $132.25 Million Initial Public Offering and NASDAQ Listing
Press Release – New York, NY – February 10, 2022 – Sichenzia Ross Ference LLP announced today that it represented Murphy Canyon Acquisition Corp. (Nasdaq: MURFU), a newly formed blank check company, with the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, in its NASDAQ listing and initial public offering of 13,225,000 units at a public offering price of $10.00 per unit, each consisting of one share of common stock and one redeemable warrant. The gross proceeds from the offering, including the over-allotment option shares, were $132,250,000 before deducting underwriting discounts, commissions and offering expenses.
Sichenzia Ross Ference LLP Represents Alset Capital Acquisitions Corp. in $86.25 Million Initial Public Offering and NASDAQ Listing
Press Release – New York, NY – February 7, 2022 – Sichenzia Ross Ference LLP announced today that it represented Alset Capital Acquisition Corp. (Nasdaq: ACAXU), a newly formed blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, in its NASDAQ listing and initial public offering of 7,500,000 units at a public offering price of $10.00 per share, each unit including one Class A common stock, one half of one redeemable warrant, and one right to receive one tenth (1/10) of one share of Class A common stock upon consummation of an initial business combination. The gross proceeds from the offering, including the over-allotment option shares, were $86,250,000 before deducting underwriting discounts, commissions and offering expenses.
Sichenzia Ross Ference LLP Represents ETAO International Group in $2.5 Billion Definitive Merger Agreement with Mountain Crest Acquisition Corp. III
Press Release – New York, NY – February 1, 2022– Sichenzia Ross Ference LLP announced today that it is representing ETAO International Group in a definitive merger agreement with Mountain Crest Acquisition Corp. III (Nasdaq: MCAER), a publicly traded special purpose acquisition company (“SPAC”). The transaction values ETAO at a pro forma fully diluted enterprise value of approximately $2.5 billion with existing ETAO shareholders rolling over 100% of their equity into equity of the combined company. Upon completion of the transaction, which is anticipated in the summer of 2022, the combined company will operate as ETAO and securities are expected to be listed on NYSE under the symbol “ETAO”. The transaction includes a $250 million private investment in public equity at $10.00 per share in connection with the business combination transaction. Separately, ETAO has also received commitments through a separate private placement of $51 million.
Sichenzia Ross Ference LLP Represents Alliance Global Partners as Financial Advisor in a $5.9 Million Warrant Exercise for ShiftPixy, Inc.
Press Release – New York, NY – January 31, 2022 – Sichenzia Ross Ference LLP today announced that it represented Alliance Global Partners (AGP), as the financial advisor for the warrant exercise for ShiftPixy, Inc. (NASDAQ: PIXY). The Warrant Exercise Agreement consisted of 4,948,453 warrants exercised to common stock at a price per share of $1.20 for the holder, and the issuance of a new warrant to purchase up to 9,896,906 shares with an exercise price per share of $1.55. The gross proceeds from the cash exercise were approximately $5.9 million.
Sichenzia Ross Ference LLP Represents Boustead Securities, LLC as Underwriter to MAINZ BIOMED N.V. in $25.875 Million U.S. Follow-On Public Offering
Press Release – New York, NY – January 28, 2022 – Sichenzia Ross Ference LLP congratulates MAINZ BIOMED N.V. (the “Company”) (NASDAQ: MYNZ ), a molecular genetics diagnostic company specializing in the early detection of cancer, on the final closing of its follow-on public offering on January 28, 2022.
Sichenzia Ross Ference LLP Announces Over 80 Capital Markets Transactions Valued Over $2 Billion at the Closing of 2021
Press Release – New York, NY – January 17, 2022 — Sichenzia Ross Ference LLP today announced that in 2021 it closed more than 80 capital markets transactions, ranging from less than $4 million to $200 million. These transactions on behalf of both issuers and underwriters included initial public offerings, secondary public offerings, registered direct offerings and private placements. The total value of these transactions exceeded $2 billion.
Sichenzia Ross Ference LLP Adds Two Key Additions to its Corporate and Securities Law Team
Press Release – New York, NY – January 12, 2022 – Sichenzia Ross Ference LLP, a leading full service law firm, announced today Jennifer Trowbridge and Raquel Vazquez have joined the firm’s corporate and securities practice.
Jennifer Trowbridge joins SRF as Counsel, practicing corporate securities, corporate finance, and corporate transactions as well as general corporate governance for both private and publicly traded companies. She assists clients with private and public offerings (Regulation D, Reg A+, etc.), registration of securities (Forms S-1, S-8, etc.), mergers, acquisitions, stock and asset purchases and periodic filing compliance (Forms 10-K, 10-Q, 8-K, etc.) and more.
Sichenzia Ross Ference LLP Represents Aegis Capital Corp. in $9.8 Million Underwritten Offering of BiondVax Pharmaceuticals Ltd.
Press Release – New York, NY – December 30, 2021 – Sichenzia Ross Ference LLP today announced that it represented Aegis Capital Corp. as sole book runner in an underwritten public offering of BiondVax Pharmaceuticals Ltd. (Nasdaq: BVXV). The offering included 4,144,068 American Depositary Shares (“ADSs”) sold to the public at $2.36 per ADS. The gross proceeds of the offering to the company were approximately $9.8 million.
Sichenzia Ross Ference LLP Represents Zynex, Inc. in its $31.0 Million Acquisition of Kestrel Labs
Press Release – New York, NY – December 23, 2021 – Sichenzia Ross Ference LLP announced today that its mergers and acquisitions team represented Zynex, Inc. (NASDAQ ZYXI) in its acquisition of Kestrel Labs, Inc., a laser-based, noninvasive patient monitoring technology company.
Sichenzia Ross Ference LLP Represents Aegis Capital Corp. in $25 Million Initial Public Offering for Cingulate, Inc.
Press Release – New York, NY – December 13, 2021 – Sichenzia Ross Ference LLP today announced that it represented Aegis Capital Corp. as sole book runner in an initial public offering of Cingulate Inc. (NASDAQ: CING). The offering included 4,166,666 shares of common stock, at a price to the public of $6.00 per Share. The gross proceeds of the offering to the company were approximately $25 million.
Sichenzia Ross Ference LLP Represents Aegis Capital Corp. in $77 Million Public Offering for Nisun International
Press Release – New York, NY – December 16, 2021 – Sichenzia Ross Ference LLP today announced that it represented Aegis Capital Corp. as sole book runner in an underwritten public offering of Nisun International Enterprise Development Group Co., Ltd (Nasdaq: NISN). The offering included 19,250,000 Class A common shares and pre-funded warrants to purchase Class A common shares at a price to the public of $4.00 per Share. The gross proceeds of the offering to the company were approximately $77 million.
Sichenzia Ross Ference LLP Represents Relmada Therapeutics, Inc. in $172.5 Million Upsized Public Offering Underwritten by Goldman Sachs and Jefferies
Press Release – New York, NY – December 14, 2021 – Sichenzia Ross Ference LLP today announced that it represented Relmada Therapeutics, Inc. (NASDAQ: RLMD), a late-stage biotechnology company addressing diseases of the central nervous system, in an upsized underwritten public offering. The offering, including the full exercise of the overallotment, consisted of 10,147,059 shares of common stock at a price to the public of $17.00 per share. The gross proceeds of the offering to the company were approximately $172.5 million.
MJDS Allows Canadian Issuers Easy Access to the U.S. Capital Markets
Overview
The Multijurisdictional Disclosure System (“MJDS”) adopted by the Securities and Exchange Commission (the “SEC”) and the Canadian Securities Administrators provides Canadian issuers a streamlined opportunity to more easily gain access to U.S. Capital Markets for both financing needs and other strategic reasons, including the opportunity for Canadian issuers to be listed on a U.S. securities exchanges such as the Nasdaq Stock Market (“NASDAQ”) or New York Stock Exchange (“NYSE”).
Sichenzia Ross Ference LLP Represents Aegis Capital Corp. in $13.7 Million Underwritten Public Offering for Tantech Holdings Ltd.
Press Release – New York, NY – December 9, 2021 – Sichenzia Ross Ference LLP today announced that it represented Aegis Capital Corp. as sole book runner in an underwritten public offering of Tantech Holdings Ltd (NASDAQ: TANH). The offering included 21,120,509 shares of common stock, at a price to the public of $0.65 per Share. The gross proceeds of the offering to the company were approximately $13.7 million.
Sichenzia Ross Ference LLP Represents Alset EHome International Inc. in $30.0 Million Underwritten Public Offering
Press Release – New York, NY – December 9, 2021 – Sichenzia Ross Ference LLP today announced that it represented Alset EHome International Inc. (NASDAQ: AEI), a diversified holdings company principally engaged through its subsidiaries in the development of EHome communities and other property development, financial services, digital transformation technologies, biohealth activities sand consumer products, in an underwritten public offering. The offering consisted of shares of common stock and pre-funded warrants at a price to the public of $0.60 per share and $0.599 per pre-funded warrant. The gross proceeds of the offering to the company were approximately $30 million.
Sichenzia Ross Ference LLP Represents mCloud Technologies Corp., a Canadian Public Company, in $9.5 Million Underwritten Public Offering Made under the MJDS in the US and Uplisting to Nasdaq
Press Release – New York, NY – November 30, 2021 – Sichenzia Ross Ference LLP announced today that it represented mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), a leading provider of AI-powered asset management and Environmental, Social, and Governance solutions, in an underwritten public offering of 2,100,000 units. Each unit was priced at a public offering price of $4.50 per unit, each consisting of one common share and one warrant to purchase one common share at an exercise price of $4.75. Additionally, the Company granted the underwriters a 45-day option to purchase up to an additional 315,000 common shares and/or an additional 315,000 warrants to cover over-allotments. The common shares began trading on the The Nasdaq Capital Market on November 24, 2021, under the symbol “MCLD”. The gross proceeds were approximately $9.5 million.
Sichenzia Ross Ference LLP Represents A.G.P./Alliance Global Partners as Sole Placement Agent in $24M Registered Direct Offering of Alpine 4 Holdings, Inc.
Press Release – New York, NY – November 29, 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 (the “Offering”) of Alpine 4 Holdings, Inc. (Nasdaq: ALPP), a leading operator and owner of small market businesses. The Offering consisted of 8,571,430 shares of the Company’s common stock and warrants to purchase 4,284,715 shares of the Company’s common stock at a combined purchase price of $2.80 per one Share and accompanying one-half Warrant pursuant to a registered direct offering. The Warrants will have an exercise price of $3.10 per share, will be exercisable immediately, and will expire five years following the issuance date.
Sichenzia Ross Ference LLP Represents Good Gaming, Inc. in $3.1 Million Private Placement Offering
Press Release – New York, NY – November 18, 2021 – Sichenzia Ross Ference LLP today announced that it represented Good Gaming, Inc., a gaming brand offering collaborative spaces for gamers and the developer of MicroBuddies (OTCQB: GMER), in a $3.1 million private placement. The offering included 20,733,337 shares of its common stock (and common stock equivalents) and warrants to purchase 20,733,337 shares of common stock with a combined purchase price for one share of common stock and a warrant to purchase one share of common stock of $0.15. The warrants have an exercise price of $0.20 per share. The gross proceeds to the Company from the offering are estimated to be approximately $3.1 million.
The Growing Risk of Website Accessibility Litigation and How to Protect Your Business Against It
Sichenzia Ross Ference LLP is aware of a growing trend in the law – the pursuit of Web Accessibility Litigation. This type of litigation involves lawsuits alleging that a business’ website denies access to consumers with disability (such as blindness or deafness), in violation of the American with Disabilities Act (“ADA”) or similar local statutes.
In 2018, the number of federally-filed lawsuits of this nature skyrocketed to 2,285, up from 815 in the year prior, and in 2019, Web Accessibility lawsuits increased 51.% over the prior year’s comparable six-month period.
Sichenzia Ross Ference LLP Represents Boustead Securities, LLC as Underwriter to MAINZ BIOMED B.V. in $11.5 Million U.S. Initial Public Offering
Press Release – New York, NY – November 11, 2021 – Sichenzia Ross Ference LLP congratulates MAINZ BIOMED B.V. (the “Company”) (NASDAQ: MYNZ ), a molecular genetics diagnostic company specializing in the early detection of cancer, on the final closing of its initial public offering on November 9, 2021. The Company raised $11.5 million in gross proceeds, before deducting underwriting discounts, commissions and other offering expenses, by issuing 2,300,000 common shares at a public offering price of $5.00 per share. The ordinary shares commenced trading on the Nasdaq Capital Market on November 5, 2021 under the ticker symbol “MYNZ”.
Sichenzia Ross Ference LLP Represents The Glimpse Group, Inc. in $15 Million Private Placement Financing
Press Release – New York, NY – November 3, 2021 – Sichenzia Ross Ference LLP today announced that it represented The Glimpse Group, Inc., a Virtual (“VR”) and Augmented Reality (“AR”) platform company offering enterprise-focused software, services and solutions (NASDAQ: VRAR), in a $15 million private placement. The gross proceeds to the Company from the offering are estimated to be approximately $13.7 million after expenses.
Sichenzia Ross Ference LLP Represents VC-backed Cyngn, Inc. in $26.3 Million Initial Public Offering
Press Release – New York, NY – October 25, 2021 – Sichenzia Ross Ference LLP announced today that it represented Cyngn, Inc., (NASDAQ: CYN) a venture capital backed developer of innovative autonomous driving software solutions for industrial and commercial enterprises, in its initial public offering. The offering consisted of 3,500,000 shares of its common stock at a public offering price of $7.50 per share, for gross proceeds of $26,300,000. Previous shareholders of CYN include Benchmark Capital, Andreessen Horowitz and Qualcomm Ventures.
Sichenzia Ross Ference LLP Represents Parsec Capital Acquisition Corp. in $86.3 Million Initial Public Offering
Press Release – New York, NY – October 11, 2021 – Sichenzia Ross Ference LLP announced today that it represented Parsec Capital Acquisition Corp. (NASDAQ: PCXCU) in its initial public offering. PCXCU is a Special Purpose Acquisition Company pursuing companies that lead in emerging and transformational technologies for the aerospace and defense sector. The Parsec Management team is led by Patricia Trompeter, former Chief Financial Officer at GE Capital with an All-Star board including:
Sichenzia Ross Ference LLP Joins Biotricity in Ringing Opening Bell at Nasdaq MarketSite
New York, NY – October 7, 2021 – Sichenzia Ross Ference LLP partners Gregory Sichenzia and David Manno joined Biotricity (NASDAQ: BTCY), a medical diagnostic and consumer healthcare technology company, for today’s opening bell ceremony at Nasdaq MarketSite in Times Square.
Mr. Sichenzia and Mr. Manno represented Biotricity in their recent public offering and Nasdaq listing along with partner Marcelle Balcombe, and associates Rajiv Radia and Ryan Houseal.
Sichenzia Ross Ference LLP Represents American Battery Technology Company in $39.1 Million Financing
Press Release – New York, NY – October 4, 2021 – Sichenzia Ross Ference LLP today announced that it represented American Battery Technology Corporation (OTCQB: ABML), an American-owned critical minerals company currently building the first non-thermal integrated lithium-ion battery recycling plant in the United States, in a $39.1 million financing. The offering consisted of $39.1 million in securities with an aggregate of 25,389,611 shares of common stock and warrants at a purchase price of $1.54 per share in a registered direct offering.
Sichenzia Ross Ference LLP Represents Borqs Technologies, Inc. in $27 Million Private Placement
Press Release – New York, NY – September 23, 2021 – Sichenzia Ross Ference LLP today announced that it represented Borqs Technologies, Inc. (Nasdaq: BRQS) in a $27 million private placement. The offering consisted of convertible notes and warrants. One-half of the notes were issued at the execution of definitive agreements and the other one-half of the notes will be issued upon the satisfaction of certain conditions, including effectiveness of a resale registration statement to be filed by the Company.
Sichenzia Ross Ference LLP Represents Aegis Capital Corp in $15 Million Registered Direct Offering of Molecular Data Inc.
Press Release – New York, NY – September 22, 2021 – Sichenzia Ross Ference LLP announced today that it represented Aegis Capital Corp. as exclusive placement agent in a $15 million registered direct offering of Molecular Data Inc. (NASDAQ: “MKD”) a leading technology-driven platform in China’s chemical industry. The registered direct offering consisted of the purchase and sale of common units, consisting of one American Depositary Share, each representing three of its Class A ordinary shares, and one warrant to purchase one ADS, and pre-funded units consisting of one pre-funded warrant to purchase one ADS and one warrant to purchase one ADS. The gross proceeds of the offering were approximately $15 million.
Sichenzia Ross Ference LLP Represents EzFill in $28.75 Million Initial Public Offering and NASDAQ Listing
Press Release – New York, NY – September 20, 2021 – Sichenzia Ross Ference LLP announced today that it represented EZFill Holdings, Inc., an emerging leader in the fast-growing on-demand mobile fuel industry, in its NASDAQ listing and initial public offering of 7,187,500 shares of common stock at a public offering price of $4.00 per share, including 937,500 shares sold upon full exercise of the underwriter’s option to purchase additional shares. The gross proceeds from the offering, including the over-allotment option shares, were $28,750,000 before deducting underwriting discounts, commissions and offering expenses.
Sichenzia Ross Ference LLP Represents Aegis Capital Corp. in $81 Million Underwritten Public Offering for Farmmi, Inc.
Press Release – New York, NY – September 15, 2021 – Sichenzia Ross Ference LLP today announced that it represented Aegis Capital Corp. as sole book runner in an underwritten public offering for Farmmi, Inc. (NASDAQ: FAMI). The offering included 388,261,717 ordinary shares and pre-funded warrants to purchase ordinary shares. The gross proceeds of the offering to the company were approximately $81 million.
Document Security Systems, Inc. Completes a $40 Million Investment in American Pacific Bancorp
Press Release – New York, NY – September 9, 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 American Pacific Bancorp, Inc. (“APB”), through a $40 million subscription agreement. Pursuant to the subscription agreement, APB will issue 6,666,7000 shares of its common stock to DSS. APB is a bank holding company, focused on the lending business and acquiring equity positions of commercial banks in the United States.
Sichenzia Ross Ference LLP Represents A.G.P./ Alliance Global Partners as Placement Agent in $12 Million Private Placement of ShiftPixy, Inc.
Press Release – New York, NY – September 9, 2021 – Sichenzia Ross Ference LLP announced today that it represented A.G.P./Alliance Global Partners as sole placement agent in a private placement of ShiftPixy, Inc., with a large institutional investor. The offering consisted of (i) 2,850,000 shares of its common stock together with warrants to purchase up to 2,320,000 shares of common stock, and (ii) 4,670,000 pre-funded warrants with each pre-funded warrant exercisable for one share of common stock, together with common warrants to purchase up to 4,670,000 shares of common stock. Each share of common stock and accompanying common warrant were sold together at a combined offering price of $1.595, and each pre-funded warrant and accompanying common warrant were sold together at a combined offering price of $1.5949. The gross proceeds of the offering were approximately $12 million.
Document Security Systems, Inc. Receives a $15 Million Investment from Alset EHome International, Inc.
Press Release – New York, NY – September 8, 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 a $15 million investment from Alset EHome International, Inc. (Nasdaq: AEI). DSS will issue 12,155,591 shares of common stock for an aggregate amount of approximately $15 million. AEI is a diversified holding company engaged through its subsidiaries in the development of EHome communities and other property development, financial services, digital transformation technologies, biohealth activities and consumer products.
Sichenzia Ross Ference LLP Congratulates OMNIQ Corp., on NASDAQ Up-listing
New York, NY – September 2, 2021 – Sichenzia Ross Ference LLP congratulates our longtime client OMNIQ Corp. (NASDAQ: OMQS), on the Company’s up-listing to the NASDAQ Capital Market. OMNIQ is a provider of object identification, automation and Artificial Intelligence (AI)-based solutions, to the Supply Chain Automation, Traffic Management, Public Safety, Public Health, retail and Safe City markets. The Sichenzia Ross Ference LLP team was led by Arthur Marcus and awaiting admission, Zach Weiss. The up-listing is effective for trading on Thursday, September 2, 2021, and OMQS’ common stock will trade under the stock symbol, “OMQS.”
Sichenzia Ross Ference LLP Represents H.C. Wainwright in $2 Million Registered Direct Offering of HealthLynked
Press Release – New York, NY – September 1, 2021 – Sichenzia Ross Ference LLP announced today that it represented H.C. Wainwright & Co., LLC as exclusive placement agent in a $2 million registered direct offering of common stock of HealthLynked, Corp. (NASDAQ: “HLYK”), a global healthcare network focused on care management of its members and a provider of healthcare technologies that connects doctors, patients, and medical data. The registered direct offering consisted of the sale of 3,703,704 shares of common stock at a purchase price of $0.54 per share. In a concurrent private placement, HealthLynked issued to the investor in the offering unregistered warrants to purchase up to an aggregate of 1,851,852 shares of common stock at an exercise price of $0.65 per share.
Sichenzia Ross Ference LLP Represents Biotricity in $15.15 Million Underwritten Public Offering and NASDAQ Uplisting
Press Release – New York, NY – August 31, 2021 – Sichenzia Ross Ference LLP today announced that it represented Biotricity, Inc. (NASDAQ: BTCY), a medical diagnostic and consumer healthcare technology company, in an underwritten public offering. The offering consisted of 5,000,000 shares (the “Shares”) of common stock, par value $0.001 per share (the “Common Stock”), at a price to the public of $3.00 per Share. The gross proceeds of the offering to the company were approximately $15.15 million including a partial exercise of the overallotment option.
Gregory Sichenzia Recognized in Best Lawyers in America® 28th Edition in the Practice Area of Corporate Law
NEW YORK, Aug. 30, 2021 – Sichenzia Ross Ference LLP is proud to announce that Founding Partner, Gregory Sichenzia, has been included in the 2022 edition of The Best Lawyers in America® for a 7th consecutive year. Mr. Sichenzia is recognized for his high caliber work in the practice area of Corporate Law. His annual inclusion in The Best Lawyers in America® since 2016 is a testament to his rigorous commitment to servicing the needs of public and private companies, their financiers and the broker-dealer and financial services community in New York and around the world.
Sichenzia Ross Ference LLP Welcomes Six New Additions to Its Corporate and Securities Law Team
NEW YORK, Aug. 26, 2021 — Sichenzia Ross Ference LLP, a leading full service law firm, announced today that Jorge Campos, Rajiv Radia, Mayank Pradhan, Ryan Flynn, Olivia Marin, and Michael Blane will join the firm’s corporate and securities practice.
Sichenzia Ross Ference LLP Represents Aegis Capital Corp in $5.33 Million Private Placement Offering of Basanite, Inc.
Press Release – New York, NY – August 19, 2021 – Sichenzia Ross Ference LLP today announced that it represented Aegis Capital Corp as exclusive placement agent in a $5.33 million private placement offering of Basanite, Inc. (OTCQB: BASA), a manufacturer and market developer of environmentally friendly, high-performance composite products made from Basalt fiber for use in construction. In connection with the offering, the company issued 19,398,144 units consisting of 1 common share and 2 Warrants, each to purchase 1 common share for a total of 38,796,288 shares underlying the Warrants. No actual units were issued in the offering. The gross proceeds from the private placement offering were approximately $5.33 million.
