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.
The Sichenzia Ross Ference LLP team was led by partners, Gregory Sichenzia and Marcelle Balcombe, Counsel, Andrew Smith, and Senior Paralegal, Raquel Vazquez.
- Sichenzia Ross Ference LLP Represents EF Hutton in $8.4 Million Simultaneous Registered Direct Offering and Private Placement of Securities of Nemaura Medical, Inc. - February 3, 2023
- Sichenzia Ross Ference LLP Represents Verb Technology Company, Inc. in $7.2 Million Underwritten Public Offering of Common Stock - January 26, 2023
- Sichenzia Ross Ference LLP Represents Jupiter Wellness, Inc. in $4.1 Million Registered Direct Offering and Concurrent Private Placement of Warrants - January 24, 2023