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Sichenzia Ross Ference LLP Represents Cyngn, Inc. in $26.3 Million Initial Public Offering 

Press Release – New York, NY – October 22, 2021 – Sichenzia Ross Ference LLP announced today that it represented Cyngn, Inc., (NASDAQ: CYN) a 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.

The Company has granted the underwriters a 45-day option to purchase up to an additional 525,000 shares of common stock to cover over-allotments at the initial public offering price, less the underwriting discount.

The Sichenzia Ross Ference LLP team was led by partners Gregory Sichenzia, Marcelle Balcombe, and Jeff Cahlon, and associate Zach Weiss.

Sichenzia Ross Ference LLP Represents Parsec Capital Acquisition Corp. in $86.3 Million Initial Public Offering

Parsec Capital Acquisition Corp.

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:

  • William F. Readdy, a former Naval Aviator and the Director of NASA. Mr. Readdy commanded the space shuttle, Atlantis on its docking mission to the Russian Mir Space Station.
  • Daniel Elwell, a former Air Force  Lieutenant Colonel who was the former Deputy and Acting Administrator for the FAA, as well as the Managing Director for International and Government Affairs at American Airlines.
  • Alec Burger, the former Chief Executive Officer at GE Capital Real Estate and Paul Haber who has served on numerous public company boards of directors.

The  offering consisted of 8,624,000 units, each  of which  includes one of the Company’s Class A common stock and one redeemable warrant entitling the holder thereof to purchase one share of Class A common stock. The offering included the exercise in full by the underwriters of their overallotment option to purchase up to an additional 1,125,000 units. 

EF Hutton, division of Benchmark Investments, LLC, acted as sole book running manager for the offering.  

The Sichenzia Ross Ference LLP team was led by partner Arthur Marcus and associate Zach Weiss, Esq. and law clerk Michael Blane, JD.

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 team was led by partners Darrin M. Ocasio and Huan Lou, and associates Matthew Siracusa, Rajiv Radia, and Mayank Pradhan.

Sichenzia Ross Ference LLP Represents Borqs Technologies, Inc. in $27 Million Private Placement

Borqs Technologies

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.  

The Sichenzia Ross Ference LLP team was led by partners Darrin M. Ocasio and Avital Perlman, and associate Jorge Campos.  

Sichenzia Ross Ference LLP Represents Aegis Capital Corp in $15 Million Registered Direct Offering of Molecular Data Inc.

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.  

The securities were offered by Molecular Data Inc. pursuant to a “shelf” registration statement on Form F-3 (File No. 333-256451) previously filed with the Securities and Exchange Commission.

The Sichenzia Ross Ference LLP team was led by partners Gregory Sichenzia, Darrin M. Ocasio, Huan Lou and Jeff Cahlon and associate Matthew Siracusa. 

Sichenzia Ross Ference LLP Represents EzFill in $28.75 Million Initial Public Offering and NASDAQ Listing

EZFill Holdings

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.  

The Sichenzia Ross Ference LLP team was led by partners Gregory Sichenzia, David Manno and Marcelle S. Balcombe, and associates Ryan Houseal and Rajiv Radia.

Sichenzia Ross Ference LLP Represents Aegis Capital Corp. in $81 Million Underwritten Public Offering for Farmmi, Inc. 

Farmmi

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.

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Sichenzia Ross Ference LLP Secures Deferred Prosecution Agreement for Client Under Federal Indictment in the Southern District of New York

Press Release – New York, New York – September 13, 2021 – Sichenzia Ross Ference LLP (“SRF”) announced today that last month its client, a member of the health care sector, entered into a Deferred Prosecution Agreement (“DPA”) with the United States Attorney’s Office for the Southern District of New York, which should result in a full dismissal of all currently pending criminal charges.

The client was charged in a sweeping multi-defendant, multi-count indictment which included allegations of soliciting bribes by an agent of a federally funded organization and conspiracy to commit bribery. SRF Partner and leader of its White-Collar Criminal Defense and Investigations Practice, Andrew M. J. Bernstein successfully persuaded federal prosecutors to allow the client to enter into a DPA that is expected to result in a full dismissal of all charges sometime in quarter one of 2022. 

While SRF’s efforts to secure the DPA required a creative strategy and compelling written advocacy, Mr. Bernstein credits federal prosecutors for their careful review of all information he put forth and conducting a “thorough investigation” that “determined that the interests of the United States and [the client would] best be served” by entering into a DPA.

A DPA is an agreement between the Department of Justice and a company or an individual who have been charged with a federal crime. Such agreements allow for companies or individuals who have been charged with a federal crime or crimes to have those charges dismissed in exchange for following the conditions of the agreement. Given the immense benefit to a company or an individual, the government does not often, nor lightly, enter into DPAs.

This resolution continues SRF’s pattern of successful outcomes in white-collar criminal defense matters since its expansion into the practice area with the addition of Mr. Bernstein as a Partner back in May of 2020. 

Document Security Systems, Inc. Completes a $40 Million Investment in American Pacific Bancorp

NYSE American: DSS

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. 

The Sichenzia Ross Ference LLP team was led by partner Darrin M. Ocasio and associates Matthew Siracusa, Ryan Houseal, Mayank Pradhan and Ryan Flynn. 

Sichenzia Ross Ference Partner Andrew M.J. Bernstein’s CLE on Grand Jury Practice Chosen for NYSBA Video Replay Series

During the month of September, the New York State Bar Association (“NYSBA”) will be doing a series of video replays of its most popular virtual CLEs. Partner and leader of Sichenzia Ross Ference LLP’s White-Collar Defense and Investigations practice, Andrew M. J. Bernstein’s successful and highly rated presentation titled “Grand Jury Practice for Criminal Defense Attorneys in New York State” will be featured online again on Tuesday September 14, 2021 at 12:00 PM.

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Sichenzia Ross Ference LLP Represents A.G.P./ Alliance Global Partners as Placement Agent in $12 Million Private Placement of ShiftPixy, Inc.

shiftpixy logo

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.

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Document Security Systems, Inc. Receives a $15 Million Investment from Alset EHome International, Inc. 

document security systems logo

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.  

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Sichenzia Ross Ference LLP Congratulates OMNIQ Corp., on NASDAQ Up-listing

Omniq Corp. Bell Ringing

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.”

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Sichenzia Ross Ference LLP Represents H.C. Wainwright in $2 Million Registered Direct Offering of HealthLynked

HealthLynked logo

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.

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Sichenzia Ross Ference LLP Represents Biotricity in $15.15 Million Underwritten Public Offering and NASDAQ Uplisting

biotricity logo

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.

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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.

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Sichenzia Ross Ference LLP Represents Aegis Capital Corp in $5.33 Million Private Placement Offering of Basanite, Inc.

basanite industries logo

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.

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Sichenzia Ross Ference LLP Represents H.C. Wainwright in $20.0 Million Registered Direct Offering of Ecoark Holdings

eco ark

Press Release – New York, NY – August, 10 2021 – Sichenzia Ross Ference LLP announced today that it represented H.C. Wainwright & Co., LLC as exclusive placement agent in a $20.0 million registered direct offering of common stock and warrants of Ecoark Holdings, Inc. (NASDAQ: “ZEST”), a diversified holding company. The registered direct offering consisted of the sale of an aggregate of 3,478,261 shares of common stock and warrants to purchase up to an aggregate of 3,478,261 shares of common stock at a purchase price of $5.75 per share of common stock and related warrant.

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Sichenzia Ross Ference LLP Represents Alset EHome International Inc. in $32 Million Underwritten Public Offering

Alset Ehome International

Press Release – New York, NY – August 2, 2021 – Sichenzia Ross Ference LLP today announced that it represented Alset EHome International Inc. (NASDAQ: AEI), a diversified holding company principally engaged through its subsidiaries in the development of EHome communities and other property development, financial services, digital transformation technologies, biohealth activities and consumer products, in an underwritten public offering. The offering consisted of 5,324,139 shares (the “Shares”) of common stock, par value $0.001 per share (the “Common Stock”), at a price to the public of $2.21 per Share, and pre-funded warrants to purchase 9,770,200 shares of the Common Stock at a price of $2.11 per pre-funded warrant.  The gross proceeds of the offering to the company were approximately $32 million.

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Sichenzia Ross Ference LLP Represents H.C. Wainwright & Co. in $2.0 Million Private Placement of International Land Alliance, Inc.

international land alliance logo

Press Release – New York, NY – July 30, 2021 – Sichenzia Ross Ference LLP today announced that it represented H.C. Wainwright & Co., LLC as exclusive placement agent in a $2,000,000 private placement offering of International Land Alliance, Inc. (OTCQB: ILAL), an international land investment and development firm.  The offering consisted of warrants to purchase up to 3,000,000 shares of common stock with an exercise price of $0.68 per share, immediately exercisable and will expire five and one half years from the issuance date.  The gross proceeds from the private placement offering were approximately $2,000,000.

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Sichenzia Ross Ference LLP Represents Jupiter Wellness, Inc. in $32.5 Million Underwritten Public Offering of Common Stock and Warrants

jupiter wellness

Press Release – New York, NY – July 27, 2021 – Sichenzia Ross Ference LLP today announced that it represented Jupiter Wellness, Inc. (NASDAQ: JUPW), a leading developer of CBD based skin care therapeutics and treatments, in an underwritten public offering. The offering consisted of 11,066,258 shares (the “Company Offering Shares”) of common stock, (“Common Stock”) to be issued by the Company, 540,884 shares (the “Selling Stockholder Shares”) of Common Stock to be issued by certain selling stockholders (the “Selling Stockholders”) of the Company and warrants (the “Company Warrants”) to purchase up to 11,607,142 shares of Common Stock, at a price to the public of $2.79 per Company Offering Share/Selling Stockholder Share and $0.01 per Company Warrant. The Company Warrants will be exercisable immediately upon issuance with the exercise price of $2.79 per share and will expire on the fifth anniversary of the original issuance date. The gross proceeds of the offering to the Company were approximately $31.0 million and $1.5 million to the Selling Stockholders.  

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Sichenzia Ross Ference LLP Represents ThinkEquity LLC in $18.0 Million Initial Public Offering of Common Stock of Twin Vee PowerCats Co.

twin vee powercats

Press Release – New York, NY – July 26, 2021 – Sichenzia Ross Ference LLP announced today that it represented ThinkEquity, a division of Fordham Financial Management, as sole underwriter in the initial public offering of the common stock of Twin Vee PowerCats Co. (NASDAQ: VEEE), a designer, manufacturer and marketer of recreational and commercial power catamaran boats. The offering consisted of 3,000,000 shares of its common stock at a public offering price of $6.00 per share, for gross proceeds of $18,000,000.

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Sichenzia Ross Ference LLP Represents Aegis Capital in $16.0 Million Initial Public Offering of Inspira Technologies OXY B.H.N. Ltd

Inspira logo

Press Release – New York, NY – July 19, 2021 – Sichenzia Ross Ference LLP announced today that it represented Aegis Capital Corp. as sole book runner in the initial public offering of 2,909,091 units of Inspira Technologies OXY B.H.N. Ltd (the Company), an Israeli specialty medical device company engaged in the research, development, manufacture, and marketing of proprietary respiratory support technology. The offering was priced at $5.51 per unit, each consisting of one ordinary share and one warrant to purchase one ordinary share, with an initial exercise price of $5.50 per share. The ordinary shares and warrants are trading on NASDAQ under the symbols “IINN” and “IINNW”, respectively.

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Partner Andrew M.J. Bernstein To Present Upcoming CLE “White-Collar Criminal Defense Litigation Update” for Lawline

In 2021, there has been a change in the White House, the make-up of Congress, and in leadership roles at the DOJ, SEC, and other criminal and regulatory enforcement bodies. Coupled with a new Supreme Court composition and the fallout from pandemic era-related frauds, the white-collar defense landscape is ever changing.

In another collaboration with Lawline’s virtual CLEs, Andrew M. J. Bernstein, Partner and leader of Sichenzia Ross Ference LLP’s White-Collar Defense and Investigations practice, will be presenting “White-Collar Criminal Defense Litigation Update” on Thursday July 22, 2021 at 12:30 PM (EST). 

The course will offer a recap on the important developments for the first and second quarters of 2021 and offer insights on how to defend clients against common pandemic era allegations and advise clients on how to avoid the extra scrutiny brought on by pandemic-related enforcement. 

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Sichenzia Ross Ference LLP Represents Inmune Bio, Inc. in a $40.0 Million Registered Direct Offering

inmunebio logo

Press Release – New York, New York – July 16, 2021 – Sichenzia Ross Ference LLP announced today that it represented Inmune Bio, Inc. (Nasdaq: INMB), a clinical-stage immunology company focused on developing treatments that harness the patient’s innate immune system to fight disease, in a registered direct offering of common stock at a purchase price of $22.00 per share with two institutional investor. The gross proceeds from the offering were $40.0 million.

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Sichenzia Ross Ference LLP Represents OMNIQ Corp. in $14.99 Million Private Placement 

omniq logo

Press Release – New York, New York – July 15, 2021 – Sichenzia Ross Ference LLP announced today that it represented OMNIQ Corp.  (OTCQB: OMQS), a provider of Supply Chain and Artificial Intelligence (AI)-based Machine Vision solutions, in a private placement offering with institutional and accredited investors. The offering consisted of 2,142,857 shares of common stock at a price of $7.00 per share. The gross proceeds were approximately $15.0 million.

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Sichenzia Ross Ference LLP Represents The Glimpse Group in $14.1 Million Initial Public Offering of Common Stock and Full Exercise of Underwriter’s Over-Allotment Option

The glimpse group

Press Release – New York, NY – July 12, 2021 – Sichenzia Ross Ference LLP today announced that it represented The Glimpse Group (NASDAQ: VRAR) (Company), a diversified Virtual Reality and Augmented Reality (“VR” and “AR”) platform company providing enterprise-focused VR and AR software & services solutions, in an initial public offering of 2,012,500 shares of common stock, which included the full exercise of the underwriter’s over-allotment option. The offering was priced at $7.00 per share. The gross proceeds were approximately $14.1 million.

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Sichenzia Ross Ference LLP Congratulates and Joins KULR Technology Group Inc. During NYSE Closing Bell Ringing Ceremony

kulr logo

New York, NY – July 7, 2021 Sichenzia Ross Ference LLP today congratulated KULR (NYSE American: KULR) on its milestone of ringing the Closing Bell at the New York Stock Exchange. KULR will be joined by SRF Partner Jay Yamamoto during its bell ringing ceremony on the afternoon of July 9, 2021, viewable live on CNBC and the NYSE Bell Website. 

In May, Sichenzia Ross Ference represented KULR Technology in a $6.5 million registered direct offering. Click here to learn more.

Sichenzia Ross Ference LLP Represents Document Security Systems, Inc. in $50 Million Public Offering of Common Stock Including Exercise of the Over-Allotment 

document security systems logo

Press Release – New York, NY – June 17, 2021 – Sichenzia Ross Ference LLP today announced that it represented Document Security Systems, Inc. (NYSE American: DSS) (Company), 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 29,000,000 shares of the Company’s common stock and 4,350,000 additional shares from the exercise of the underwriter’s option at the public offering price of $1.50 per share. The gross proceeds were approximately $50.025 million. 

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Sichenzia Ross Ference LLP Represents Splash Beverage Group, Inc. in $15.0 Million Public Offering and Uplisting to NYSE American

Splash Beverage Acquisition

Press Release – New York, NY – June 16, 2021 – Sichenzia Ross Ference LLP today announced that it represented Splash Beverage Group, Inc. (NYSE American: SBEV), a portfolio company of leading beverage brands, in a public offering of 3,750,000 shares of common stock and warrants to purchase up to 3,750,000 shares of common stock.  The offering was priced at a public offering price of $4.00 per share and accompanying warrant. Each warrant is exercisable at a price of $4.60 per share and will expire five years from issuance. Additionally, the Company granted the underwriters a 45-day option to purchase up to an additional 562,500 shares of common stock and warrants to purchase up to 562,500 shares of common stock. The common stock and warrants began trading on the NYSE American on June 11, 2021, under the symbols “SBEV” and “SBEV WS,” respectively. The gross proceeds were approximately $15.0 million. 

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Sichenzia Ross Ference Welcomes Back Marcelle Balcombe as Partner

Press Release – New York, NY – June 1, 2021 – Sichenzia Ross Ference LLP, a leading securities and corporate law firm, announced today that a member of our firm for 15 years and an integral part of our securities practice group has returned to the firmwhere she will continue to provide high quality legal services to her clients.

Please reach out to her at mbalcombe@srf.law to welcome her back. continue reading >>

Sichenzia Ross Ference LLP Adds Former SEC Staff Attorney Ryan Houseal as Corporate & Securities Associate

Press Release – New York, NY – June 11, 2021 – Sichenzia Ross Ference LLP, a leading securities and corporate law firm, announced today that Ryan Houseal will join the firm as an Associate in the firm’s Corporate and Securities practice. 

Mr. Houseal started his legal career as an associate at Jones Day in New York City before becoming an Attorney-Advisor/Staff Attorney with the U.S. SEC, Division of Corporate Finance in Washington, D.C for six years. Mr. Houseal is an experienced, ambitious, well-rounded attorney with tremendous experience in both periodic reporting and public and private offerings of publicly traded companies. In addition, Mr. Houseal has significant experience executing corporate transactions by working with teams on acquisitions, mergers, divestitures, equity investments, joint ventures and more. 

Mr. Houseal holds a B.A. in Political Science and Legal Studies from City College of New York of The City University of New York, and a law degree from the University of Michigan. continue reading >>

Sichenzia Ross Ference LLP Represents Red Light Holland Corp. in the $3.2 million Acquisition of Radix Motion Inc. 

Red Light Holland

Press Release – New York, NY – June 9, 2021 – Sichenzia Ross Ference LLP announced today that it has represented Red Light Holland Corp. (“Red Light” CSE:TRUFF) and its wholly owned subsidiary, Red Light Acquisition Inc. (“Red Light US“), in its acquisition of Radix Motion Inc. (Radix Motion), a technology and innovation company focused on empowering the psychedelic ecosystem with embodied technology, including augmented reality, virtual reality, and interactive holograms. 

The acquisition was completed pursuant to the terms of the definitive agreement dated June 7, 2021, pursuant to which Red Light US acquired all of the issued and outstanding shares of Radix Motion for approximately US$3.2 Million. The consideration was comprised of: (i) 12,701,741 common shares of Red Light (the “Red Light Shares“), having an aggregate value of US$3,195,406 with each Red Light Share priced at the 10-day volume weighted average price of the Red Light Shares on the Canadian Securities Exchange immediately prior to the closing of the Acquisition; and (ii) US$67,413.05 in cash.  continue reading >>

Sichenzia Ross Ference LLP Represents BriaCell Therapeutics Corp. in $27.2 Million Private Placement 

briacell therapeutics

Press Release – New York, New York – June 8, 2021 – Sichenzia Ross Ference LLP announced today that it represented BriaCell Therapeutics Corp. (NASDAQ: BCTX), a clinical-stage biotechnology company specializing in targeted immunotherapies for advanced breast cancer, in a private placement offering. The offering consisted of (i) 4,370,343 common shares at a purchase price of US$5.26, (ii) 800,000 pre-funded common share purchase warrants at a purchase price of US$5.25 (exercisable at any time after the date of issuance at an exercise price of US$0.01 per common share) and (iii) 5,170,343 warrants to purchase up to 5,170,343 common shares. The gross proceeds were approximately $27.2 million.

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Sichenzia Ross Ference LLP Represents A.G.P./ Alliance Global Partners as Placement Agent in $20 Million Registered Direct Offering of ENGlobal Corporation

ENGlobal

Press Release – New York, NY – June 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 7,142,859 shares of common stock of ENGlobal Corporation (NASDAQ:ENG), a leading provider of complete project solutions for renewable and traditional energy. The offering price was $ 2.80 per share for gross proceeds of $20 million.

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Sichenzia Ross Ference LLP Represents KULR Technology Group, Inc. in $6.5 Million Registered Direct Offering 

kulr logo

Press Release – New York, NY – May 27, 2021 – Sichenzia Ross Ference LLP announced today that it represented KULR Technology Group, Inc. (OTCQB: KULR) (Company), in a registered direct offering with a single institutional investor that purchased 650 shares of Preferred Stock that are convertible into shares of the Company’s common stock at a fixed price of $2.05 per share, Warrants to purchase up to 2,600,000 shares of common stock at an exercise price of $2.50 per share, and 1,300,000 shares of common stock as a commitment fee. The gross proceeds for the offering were $6.5 million.

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Sichenzia Ross Ference LLP Represents Boustead Securities, LLC as Underwriter to Jiuzi Holdings Inc. $26 Million U.S. Initial Public Offering

Jiuzi Holdings Inc. logo

Press Release – New York, NY – May 24, 2021 – Sichenzia Ross Ference LLP congratulates Jiuzi Holdings Inc. (the “Company”) (NASDAQ: JZXN), a new energy vehicles franchisor and retailer under the brand name “Jiuzi” in China, on the final closing of its initial public offering on May 20, 2021. The Company raised $26 million in gross proceeds, before deducting underwriting discounts, commissions and other offering expenses, by issuing 5,200,000 ordinary shares at a public offering price of $5.00 per share. The ordinary shares commenced trading on the Nasdaq Capital Market on May 18, 2021 under the ticker symbol “JZXN.”

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Sichenzia Ross Ference LLP Represents Document Security Systems, Inc. in the Sale of DSS Digital, Inc.

document security systems logo

Press Release – New York, NY – May 21, 2021 – Sichenzia Ross Ference LLP today announced that it represented Document Security System, Inc. (NYSE: DSS), a  multinational company operating businesses in blockchain security, direct marketing, healthcare, consumer packaging, real estate, renewable energy, and securitized digital assets, in a sale with Proof Authentication Corporation (Proof). DSS and Proof signed a purchase agreement pursuant to which Proof acquired 100% of the outstanding shares of DSS Digital, Inc., a wholly-owned subsidiary of the Company and a leader in innovative anti-counterfeit, authentication, and brand protection solutions. 

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Sichenzia Ross Ference LLP Represents A.G.P./ Alliance Global Partners as Placement Agent in $12M Private Placement of ShiftPixy, Inc.

shiftpixy logo

Press Release – New York, NY – May 18, 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) 2,320,000 shares of its common stock together with warrants to purchase up to 2,320,000 shares of common stock, and (ii) 2,628,453 pre-funded warrants with each pre-funded warrant exercisable for one share of common stock, together with common warrants to purchase up to 2,628,453 shares of common stock. Each share of common stock and accompanying common warrant were sold together at a combined offering price of $2.425, and each pre-funded warrant and accompanying common warrant were sold together at a combined offering price of $2.4249. The gross proceeds of the offering were approximately $12 million.

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Sichenzia Ross Ference LLP Represents Alset EHome International Inc. in a $32.0 Million Public Offering of Units

Alset EHome International Inc.

Press Release – New York, NY – May 13, 2021 – Sichenzia Ross Ference LLP today announced that it represented Alset EHome International Inc. (NASDAQ: AEI), a diversified holding company principally engaged through its subsidiaries in property development, digital transformation technology and biohealth activities, in a public offering. The offering consisted of 4,700,637 Units (the “Common Units”), priced to the public at $5.07 per Common Unit, with each Common Unit consisting of (a) one share of common stock, par value $0.001 per share (the “Common Stock”), (b) one Series A warrant to purchase one share of Common Stock with an initial exercise price of $5.07 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 $6.59 per whole share. The gross proceeds were approximately $32.0 million. 

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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.  

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

Farmmi

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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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.

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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

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

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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.

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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

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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.

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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

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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

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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

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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 

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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

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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.

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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. 

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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.

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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

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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

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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.

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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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