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Sichenzia Ross Ference Carmel LLP Represents R.F. Lafferty & Co., Inc. and Revere Securities LLC in $8.4 Million Initial Public Offering of Ordinary Shares of Plutus Financial Group Limited
Press Release – New York, NY – February 7, 2025 – Sichenzia Ross Ference Carmel LLP announced today that it represented R.F. Lafferty & Co., Inc. and Revere Securities LLC in a $8.4 million initial public offering of ordinary shares of Plutus Financial Group Limited (NasdaqCM: PLUT), a Hong Kong-based financial services holding company operating through two wholly-owned primary subsidiaries – Plutus Securities Limited and Plutus Asset Management Limited. The initial public offering consisted of 2,100,000 ordinary shares issued and sold by Plutus Financial Group Limited at the public offering price of $4.00 per share.
R.F. Lafferty & Co., Inc. acted as lead underwriter for the offering, with Revere Securities LLC acting as co-underwriter.
The Sichenzia Ross Ference Carmel LLP team was led by partners, Benjamin Tan and Matthew Siracusa.
Sichenzia Ross Ference Carmel LLP Represents BriaCell Therapeutics in $3 Million Public Offering
Press Release – New York, NY – February 5, 2025 – Sichenzia Ross Ference Carmel LLP announced today that it represented BriaCell Therapeutics Corp. (NASDAQ: BCTX, BCTXW) (TSX: BCT) , a clinical-stage biotechnology company that develops novel immunotherapies to transform cancer care, in a best-efforts public offering of 762,500 common shares at a public offering price of $4.00 per share. Total gross proceeds from the offering, before deducting placement agent fees and other offering expenses, were $3.05 million.
The SRFC team was led by partners Gregory Sichenzia and Avital Perlman and associates Christian Lichtenberger and Benasz Hansotia
美国思成律师事务所代表承销商Benjamin Securities和D. Boral Capital完成华谌科技纳斯达克上市
美国纽约—2025年2月5日—美国思成律师事务所（“
思成律师事务所团队由合伙人 Shane Wu 武玄律师 以及 Ross Carmel 律师 领导完成此次上市交易。
Sichenzia Ross Ference Carmel LLP Represents 60 Degrees Pharma in $1.075 Million Registered Direct Offering
New York, NY – February 5, 2025 – Sichenzia Ross Ference Carmel LLP announced that it represented 60 Degrees Pharmaceuticals, Inc. (Nasdaq: SXTP; SXTPW), a pharmaceutical company focused on developing new medicines for infectious diseases, in its $1.075 million registered direct offering and concurrent private placement.
H.C. Wainwright & Co. acted as the sole placement agent for the offering.
The SRFC team was led by partner Ross Carmel, counsel Jeff Hua and associate Tong Wu.
Sichenzia Ross Ference Carmel LLP Represents Benjamin Securities, Inc. and D. Boral Capital LLC in $6 Million Initial Public Offering of Huachen AI Parking Management Technology Holding Co., Ltd
New York, NY – February 5, 2025 – Sichenzia Ross Ference Carmel LLP announced that it represented Benjamin Securities, Inc. and D. Boral Capital LLC as the underwriters in the $6 million initial public offering of Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ: HCAI), a comprehensive smart parking solutions and equipment structural parts provider with all operations through the operating subsidiaries in China.
The D. Boral Capital LLC team was led by David Boral, Stephanie Hu and Ryan Zhang.
The SRFC team was led by partners Ross Carmel, Shane Wu and associate Tong Wu.
Sichenzia Ross Ference Carmel LLP Represents Callan JMB in $5.12 Million Initial Public Offering
New York, NY – February 5, 2025 – Sichenzia Ross Ference Carmel LLP announced that it represented Callan JMB Inc. (NASDAQ: CJMB), an integrative logistics company empowering the healthcare industry and emergency management agencies through exceptional fulfillment, storage, monitoring, and cold chain logistics services, in its $5.12 million initial public offering. The SRFC team congratulates Wayne Williams, Chief Executive Officer and Director of Callan JMB, on the completion of the offering.
Alexander Capital L.P. acted as the managing underwriter for the offering. The Alexander Capital team was led by Chris Carlin, Jon Gazdak and Matt Rista.
The SRFC team was led by partners Ross Carmel, Barry Biggar and associate Mohit Agrawal.
Sichenzia Ross Ference Carmel LLP Represents Sharps Technology, Inc. in Closing of $20 Million Underwritten Public Offering
Press Release – New York, NY – January 30, 2025 – Sichenzia Ross Ference Carmel LLP announced today that it represented Sharps Technology, Inc. (NASDAQ: STSS), an innovative medical device and pharmaceutical packaging company offering patented, best-in-class syringe products, in the closing of its previously announced firm commitment underwritten public offering. Gross proceeds to the Company were approximately $20.0 million, before deducting underwriting fees and other offering expenses payable by the Company.
The Sichenzia Ross Ference Carmel LLP team was led by partner Arthur Marcus and associate Jesse Blue.
Sichenzia Ross Ference Carmel LLP Represents A2Z Cust2Mate Solutions Corp. in $30 Million Public Offering and Concurrent Registered Direct Offering
Press Release – New York, NY – January 29, 2025 – Sichenzia Ross Ference Carmel LLP announced today that it represented A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ) (FRA – WKN: A3CSQ), a global leader in innovative technology solutions, in a $30 million underwritten public offering and concurrent registered direct offering.
Titan Partners Group, a division of American Capital Partners, acted as sole bookrunner for the underwritten public offering.
The SRFC team was led by partners Gregory Sichenzia and Avital Perlman and associates Rohini Sud and Benasz Hansotia.
Sichenzia Ross Ference Carmel LLP Represents 60 Degrees Pharma in $1.043 Million Registered Direct Offering
New York, NY – January 29, 2025 – Sichenzia Ross Ference Carmel LLP announced that it represented 60 Degrees Pharmaceuticals, Inc. (Nasdaq: SXTP; SXTPW), a pharmaceutical company focused on developing new medicines for infectious diseases, in its $1.043 million registered direct offering and concurrent private placement.
The SRFC team was led by partner Ross Carmel, counsel Jeff Hua and associate Tong Wu.
Sichenzia Ross Ference Carmel LLP Represents Virpax Pharmaceuticals in $6 Million Public Offering
New York, NY – January 28, 2025 – Sichenzia Ross Ference Carmel LLP announced that it represented Virpax Pharmaceuticals, Inc. (Nasdaq: VRPX), a preclinical-stage pharmaceutical company focused in novel and proprietary drug delivery systems across various pain indications, in its $6 million public offering.
Spartan Capital Securities, LLC acted as the sole placement agent for the offering. The Spartan Capital team was led by Stephen Faucetta and Brian Duddy.
The SRFC team was led by partner Ross Carmel and associate Benjamin Sklar.
Sichenzia Ross Ference Carmel LLP Ranked Number One Most Active Issuer Counsel Among Securities Law Firms Nationwide in PlacementTracker’s PIPE and Private Placement Markets League Tables for 2024
NEW YORK, Jan. 29, 2025 — Sichenzia Ross Ference Carmel LLP (“SRFC”) announced today that it was named the number one “most active” securities law firm for Confidentially Marketed Public Offerings, Registered Direct, Private Placement, and At-the-Market (ATM) Offerings in PlacementTracker’s 2024 PIPE and Private Placement Markets League Tables, with 42 transactions, totaling $241.7 million.
SRFC was also ranked fourth in the Investor Counsel and fifth in the Placement Agent Counsel categories, with six transactions totaling $10.5 million and 18 transactions totaling $83.8 million, respectively. The PlacementTracker includes deals such as Confidentially Marketed Public Offerings, and its full report can be found here.
During the year, a total of $61.6 billion was raised across 1,435 transactions. SRFC’s combined 66 transactions, totaling $336 million, resulted in the firm’s industry-leading status across PlacementTracker’s league tables. This volume further solidifies the prominent role SRFC plays in handling the legal aspects of these complex transactions for companies spanning a vast spectrum of industries.
“Our team of legal experts stayed active all year long, cementing Sichenzia Ross Ference Carmel as one of the most reliable firms to approach for legal counsel on PIPEs and other complex legal transactions,” said Ross Carmel, name partner at Sichenzia Ross Ference Carmel. “Our work in 2025 will be no different: we aim to further build upon this industry-leading success to achieve more impressive outcomes as the year progresses.”
PlacementTracker is the leading source for data and analysis to institutions in the PIPE and Private Placement markets. Legal counsel rankings exclude all 144-A Offerings, Equity Lines of Credit, At the Market Transactions, Rights Offerings, Bought Deals and all PIPE transactions conducted by foreign issues that trade in the U.S. on the OTC.
“The Sichenzia Ross Ference Carmel team works tirelessly to establish itself as a legal leader for a broad scope of complicated securities transactions, PIPEs and private placements prominent among them,” said Gregory Sichenzia, founding partner at Sichenzia Ross Ference Carmel. “Our firm prides itself as the go-to legal counsel for PIPE transactions, built upon an outstanding reputation in the space that other firms are now scrambling to emulate. Being ranked first isn’t our goal, it’s the natural outcome of our team’s undying dedication to success on behalf of its clients.”
About Sichenzia Ross Ference Carmel LLP
SRFC is a full-service law firm with a nationally recognized corporate, securities, and litigation practice that provides experienced representation in all matters involving the securities industry. In addition to handling routine to complex commercial matters, SRFC’s renowned litigation and regulatory department specializes in defending broker-dealers, registered persons, public and private corporations, and individuals in investigations and enforcement proceedings before the SEC, FINRA, and other regulatory bodies, as well as litigations and arbitrations across all forums in the securities industry, including class action lawsuits, shareholder derivative actions, and matters involving allegations of fraud, misrepresentation or other securities violations.
Media Contact:
Spencer Herrmann
FischTank PR
srfc@fischtankpr.com
Sichenzia Ross Ference Carmel LLP Represents A.G.P/Alliance Global Partners in the $60 Million Initial Public Offering of Columbus Acquisition Corp
Press Release – New York, NY – January 24, 2025 – Sichenzia Ross Ference Carmel LLP announced today that it represented A.G.P/Alliance Global Partners in the $60 million initial public offering (“IPO”) of Columbus Acquisition Corp, a blank check company. The offering consisted of 6,000,000 units at a price of $10.00 per unit. Each unit consists of one ordinary share and one right to receive one-seventh (1/7) of one ordinary share upon the consummation of an initial business combination. The IPO closed on January 24, 2025. The units are listed on The Nasdaq Global Market (“Nasdaq”) and began trading under the ticker symbol “COLAU” on January 23, 2025. Once the securities comprising the units begin separate trading, the ordinary shares and the rights are expected to be traded on Nasdaq under the symbols “COLA” and “COLAR,” respectively.
The SRFC team was led by partners Huan Lou and David B. Manno, and associate Benjamin Sklar.
Sichenzia Ross Ference Carmel LLP Closes Over 130 Capital Markets Transactions Valued at Over $1 Billion in 2024
NEW YORK, Jan. 28, 2025 — Sichenzia Ross Ference Carmel LLP (“SRFC”), a full-service law firm internationally recognized for its securities and litigation practices, reported that in 2024 it closed over 130 transactions, ranging from $400,000 to $85 million, with the total value of these transactions surpassing $1 billion, surpassing its strong performance in 2023 by over 30%. The transactions, on behalf of both issuers and underwriters, included initial public offerings, secondary public offerings, registered direct offerings and private placements.
SRFC provides world-class, personalized and cost-effective solutions, representing broker-dealers, businesses and individuals in all types of commercial litigation and arbitration. In October of 2024, SRFC was ranked first in the nation for issuer counsel among securities law firms in PlacementTracker’s PIPE and Private Placement Markets League Tables for Q3 2024.
Notable transaction highlights from 2024 include:
- Representing New Era Helium, Inc. (Nasdaq: NEHC) in a de-SPAC transaction, Nasdaq listing and up to $85 million in financing.
- Representing Alliance Global Partners in the $69 million initial public offering of DT Cloud Star Acquisition Corporation (Nasdaq: DTSQU).
- Representing KULR Technology Group, Inc (NYSE: KULR), in a $50 million upsizing under an at the market offering agreement.
- Representing Aegis Capital Corp. in the $40 million common stock offering and Nasdaq uplisting of Serve Robotics Inc (Nasdaq: SERV)
- Representing Hongli Group Inc. (Nasdaq: HLP) in the closing of a $33 million PIPE offering.
“Despite industry chatter about a subdued 2024 market, Sichenzia Ross Ference Carmel spent the year among the most in-demand firms to help bring vibrant companies to market,” said Gregory Sichenzia, Founding Partner at SRFC. “This comes as no surprise, as our late 2023 business combination with Ross Carmel’s firm has entrenched SRFC as the top securities firm for small to mid-cap issuers and the finance companies leading their offerings. We expect further significant growth in 2025.”
“Sichenzia Ross Ference Carmel’s diverse client roster continues to grow, not just in the United States where many of our issuers and underwriters are based, but across many regions in China, Europe and the Middle East, equipping dynamic companies with the legal guidance required to access US capital markets,” said Ross Carmel, Partner at Sichenzia Ross Ference Carmel. “Our team of dedicated and experienced attorneys have overseen public and private offerings, IPOs and numerous transactions across some of the most exciting industry categories today, such as artificial intelligence, biotechnology, energy and more. We’d like to thank our clients, partners and colleagues for a successful 2024, and eagerly look ahead to 2025!”
A full list of the firm’s transactions can be found here.
About Sichenzia Ross Ference Carmel LLP
SRFC is a full-service law firm with a nationally recognized corporate, securities, and litigation practice that provides experienced representation in all matters involving the securities industry. In addition to handling routine to complex commercial matters, SRFC’s renowned litigation and regulatory department specializes in defending broker-dealers, registered persons, public and private corporations, and individuals in investigations and enforcement proceedings before the SEC, FINRA, and other regulatory bodies, as well as litigations and arbitrations across all forums in the securities industry, including class action lawsuits, shareholder derivative actions, and matters involving allegations of fraud, misrepresentation or other securities violations.
Finally, SRFC has a burgeoning expungement practice, where it represents registered persons seeking to have false and harmful customer complaints removed from their industry records. In addition to SRFC’s well-known securities practice, we have expertise in multiple disciplines including complex commercial litigation in an array of matters from shareholder derivative actions, partnership disputes, breach of contract, etc. SRFC practice groups include tax and trust and estates, notably providing sophisticated estate planning for its high-net-worth clients.
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Media Contact
Spencer Herrmann
FischTank PR
srfc@fischtankpr.com
Sichenzia Ross Ference Carmel LLP Represents PMGC Holdings Inc. in $1.9 Million Warrant Inducement
New York, NY – January 27, 2025 – Sichenzia Ross Ference Carmel LLP announced that it represented PMGC Holdings Inc. (formerly Elevai Labs Inc.), a diversified holding company, in its $1.9 million warrant inducement.
Univest Securities, LLC acted as exclusive financial advisor.
The SRFC team was led by partners Ross Carmel, Matthew Siracusa and associate Lony Leung.
Sichenzia Ross Ference Carmel LLP (“思成律师事务所”或“SRFC”) 代表承销商Dominari Securities 和 Revere Securities 完成天际线建筑集团纳斯达克上市
美国纽约—2025年1月23日 — Sichenzia Ross Ference Carmel LLP (“思成律师事务所”或“SRFC”) 宣布其代表承销商 Dominari Securities LLC 和 Revere Securities LLC 完成Skyline Builders Group Holding Limited（“天际线建筑集团”，纳斯达克股票代码：SKBL）在纳斯达克交易所的首次公开发行，募资总额为600万美元。天际线建筑集团旗下子公司建朝工程有限公司是一家总部位于中国香港的土木工程服务提供商。
在本次发行中，Dominari Securities 担任承销商代表，Revere Securities 担任联席承销商。
SRFC 团队由合伙人 Ross Carmel 律师 以及合伙人 Shane Wu 武玄律师 领导完成此次上市交易。
Sichenzia Ross Ference Carmel LLP Represents Dominari Securities and Revere Securities in $6 Million Initial Public Offering of Skyline Builders Group Holdings Limited
New York, NY – January 23, 2025 – Sichenzia Ross Ference Carmel LLP announced that it represented Dominari Securities LLC and Revere Securities LLC as the underwriters in the $6 million initial public offering of Skyline Builders Group Holding Limited (NASDAQ: SKBL), a civil engineering services provider based in Hong Kong.
Dominari Securities acted as representative of the underwriters and Revere Securities acted as co-underwriter.
The SRFC team was led by partners Ross Carmel, Shane Wu and associate Tong Wu.
Sichenzia Ross Ference Carmel LLP Represents Cyngn Inc. in Financing Transactions Aggregating $33 Million in Gross Proceeds
Press Release – New York, NY – January 23, 2025 – Sichenzia Ross Ference Carmel LLP announced that it represented Cyngn Inc. (the “Company”) in a $20.0 million follow-on offering of common stock units (or pre-funded units) and warrants in December 2024 and subsequently represented the Company in a $9.0 million registered direct offering priced at-the-market under Nasdaq Rules. The Sichenzia team also represented the Company in November, 2024 in connection with a private placement of promissory notes in the aggregate principal amount of $4,375,000.
The Sichenzia team was led by partners Gregory Sichenzia, Marcelle Balcombe, and Matt Siracusa and senior paralegal Raquel Vazquez.
Sichenzia Ross Ference Carmel LLP Represents Bousted Securities, LLC and D. Boral Capital LLC in $3.5 Million Private Placement Offering For Kairos Pharma
Press Release – New York, NY – January 14, 2025 – Sichenzia Ross Ference Carmel LLP announced that it has represented Bousted Securities, LLC and D. Boral Capital LLC as co-placement agents in a $3.5 Million PIPE transaction for Kairos Pharma, Ltd.
The SRFC team was led by partners Gregory Sichenzia, Jeff Cahlon, and Marcelle Balcombe and associate Soumya Cheedi.
Sichenzia Ross Ference Carmel LLP (思成律师事务所/SRFC) 代表 Ribbon Acquisition Corp 完成在纳斯达克交易所5000万美元的首次公开发行 (IPO)
纽约，2025年1月15日 —— Sichenzia Ross Ference Carmel LLP (“思成律师事务所”或“SRFC”)宣布其成功代表 Ribbon Acquisition Corp，一家于开曼群岛成立的特殊目的并购公司(“SPAC”
Sichenzia Ross Ference Carmel LLP Represents Craft Capital Management in $600,000 Public Offering of Giftify, Inc.
New York, NY – January 15, 2025 – Sichenzia Ross Ference Carmel LLP announced that it represented Craft Capital Management LLC in the $600,000 public offering of Giftify, Inc.
Craft Capital Management LLC acted as the sole placement agent for the offering. The Craft Capital team was led by Stephen Kiront, Mackey McFarlane and Richard Rizzuto.
The SRFC team was led by partners Ross Carmel, Matthew Siracusa and law clerk Brady Berman.
Sichenzia Ross Ference Carmel LLP Represents Aegis Capital Corp. in $15 Million Public Offering of Li-Cycle
New York, NY – January 15, 2025 – Sichenzia Ross Ference Carmel LLP announced that it represented Aegis Capital Corp. in the $15 million public offering of Li-Cycle Holdings Corp.
Aegis Capital Corp. acted as the sole book-running manager for the offering. The Aegis team was led by Isaac Eide, Anthony Lapadula, Dilnaman Singh Sachdeva and Jesse Hawkins.
The SRFC team was led by partners Ross Carmel, Avital Perlman and associate Mohit Agrawal.
Sichenzia Ross Ference Carmel LLP Represents Ribbon Acquisition Corp in $50 Million Initial Public Offering
New York, NY – January 15, 2025 – Sichenzia Ross Ference Carmel LLP announced that it represented Ribbon Acquisition Corp, (Nasdaq: RIBBU), a blank check company incorporated in the Cayman Islands as an exempted company, in its $50 million initial public offering.
Alliance Global Partners acted as the sole book-running manager for the offering.
The SRFC team was led by partners Ross Carmel, Shane Wu, Matthew Siracusa and associate Soumya Cheedi.
Sichenzia Ross Ference Carmel LLP represents Calidi Biotherapeutics, Inc. in $4.25 Million Public Offering
Press Release – New York, NY – January 14, 2025 – Sichenzia Ross Ference Carmel LLP announced that it represented Calidi Biotherapeutics, Inc. (NYSE AMERICAN: CLDI), a clinical-stage biotechnology company developing a new generation of targeted immunotherapies, in a public offering of 5,000,000 shares of common stock at $0.85 per share for gross proceeds of approximately $4.25 million.
The SRFC team was led by partner Jay Yamamoto and associates Rohini Sud and Chance Moore.
Sichenzia Ross Ference Carmel LLP Represents Craft Capital Management LLC and Boustead Securities, LLC in $5 Million Initial Public Offering of Class A Ordinary Shares of 3 E Network Technology Group Limited
Press Release – New York, NY – January 13, 2025 – Sichenzia Ross Ference Carmel LLP announced today that it represented Craft Capital Management LLC and Boustead Securities, LLC in a $5 million initial public offering of Class A ordinary shares of 3 E Network Technology Group Limited (NASDAQ: MASK), a business-to-business (“B2B”) information technology (“IT”) business solutions provider. The initial public offering consisted of 1,250,000 Class A ordinary shares issued and sold by 3 E Network Technology Group Limited at the public offering price of $4.00 per share.
Craft Capital Management LLC and Boustead Securities, LLC acted as underwriters for the offering.
The Sichenzia Ross Ference Carmel LLP team was led by partners Benjamin Tan and Matthew Siracusa.
Sichenzia Ross Ference Carmel LLP Name Sharon Carroll and Devin Heck as Partners
Press Release – New York, NY– January 7, 2025 – The law firm of Sichenzia Ross Ference Carmel LLP today announced the promotion of Sharon Carroll and Devin Heck to partners.
“The Firm is excited to announce that Sharon Carroll and Devin Heck have been named partners of the Firm. During their time at the Firm, Sharon and Devin have shown themselves to be tireless advocates for their clients. Sharon and Devin are both creative problem-solvers who the Firm’s clients have grown accustomed to delivering superior counsel and service,” said Michael Ference, Chair of the Firm’s Executive Committee. “Devin has established a reputation as the ‘go to’ attorney for fund creation and compliance services,” said Ross Carmel, Co-Head of the Firm’s corporate practice. “Sharon is a highly respected capital markets and M&A attorney who Firm client’s confidently turn to for their most significant transactions.”
In response to her promotion to partner Ms. Carroll remarked, “I am excited to be promoted to partner and look forward to continuing to work with our excellent team as the Firm continues to grow and expand our offering of services to our clients.” Ms. Heck added, “I am honored to have been named a partner and am excited to continue to work with such a strong team and lead our Firm’s 40 Act practice as we expand and grow as an industry leader.”
Sharon Carroll’s practice focuses on assisting private and publicly traded companies in a broad range of debt and equity capital markets transactions, including “SPAC” offerings, and PIPEs. She also regularly advises her clients on 1934 Act reporting requirements and various corporate governance matters. Sharon first joined Sichenzia Ross Ference Carmel LLP in 2014 and, after a brief stint overseas, she rejoined the Firm in 2022.
Devin Heck’s practice specializes in corporate formations, restructurings and forming a variety of private funds, including hedge funds and venture capital funds, together with their private offerings. Devin represents registered investment advisers and advises them on evaluating and structuring their investments, complex financing transactions, regulatory compliance and filings and exams with the Securities and Exchange Commission. She also leads the Firm’s merchant cash advance practice group. She represents funders and independent sales organizations (ISOs), assisting them with all aspects of the alternative commercial financing cycle, including capital raising, asset deployment and regulatory compliance. Devin joined the Firm in 2019.
Sichenzia Ross Ference Carmel LLP
Sichenzia Ross Ference Carmel LLP is a nationally recognized securities and corporate law firm that provides experienced representation in all matters involving the securities industry. Super Lawyers consistently recognizes our attorneys as among the highest rated securities lawyers in the nation. Our litigation and arbitration attorneys are highly skilled in representing clients from routine lawsuits to complex cases before the SEC, FINRA and other tribunals. In addition, our corporate attorneys specialize in advising clients on private placements, initial (IPOs) and secondary public offerings, alternative public offerings, preparation of SEC filings and listings on major capital stock exchanges such as the NYSE (New York Stock Exchange), NASDAQ and OTC markets. In addition, Sichenzia Ross Ference Carmel LLP also represents clients in trust and estates matters.
Sichenzia Ross Ference Carmel LLP Represents HWH International Inc. in $1.76 Million Public Offering
Press Release – New York, NY – January 6, 2025 – Sichenzia Ross Ference Carmel LLP announced today that it represented HWH International Inc. (Nasdaq: HWH) in a public offering of 3,162,500 shares of common stock and 1,250,000 pre-funded warrants to purchase shares of common stock. The shares and pre-funded warrants were offered at a public offering price of $0.40 per share and $0.3999 per pre-funded warrant, respectively.
D. Boral Capital LLC acted as the exclusive placement agent for the offering.
The SRFC team was led by partners Darrin Ocasio , Avital Perlman , and Matthew Siracusa, and associates Jesse Blue and Benjamin Sklar.
Sichenzia Ross Ference Carmel LLP Represents AEON Biopharma in $20 Million Public Offering
New York, NY – January 6, 2025 – Sichenzia Ross Ference Carmel LLP announced that it represented AEON Biopharma, Inc. (NYSE: AEON), a clinical-stage biopharmaceutical company focused on developing a botulinum toxin complex under a 351(k) biosimilar pathway, in its $20 million public offering.
Aegis Capital Corp. acted as the sole book-running manager for the offering. The Aegis team was led by Isaac Eide, Anthony Lapadula and Dilnaman Singh Sachdeva.
The SRFC team was led by partner Ross Carmel and associate Jesse Blue.
Sichenzia Ross Ference Carmel LLP represents Alset Inc. in $1.5 Million Registered Direct Offering
Press Release – New York, NY – January 3, 2025 – Sichenzia Ross Ference Carmel LLP announced today that it represented Alset 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 a registered direct offering priced at-the-market under Nasdaq rules for the purchase and sale of an aggregate of 1,500,000 shares of common stock at a purchase price of $1.00 per share.
Aegis Capital Corp. acted as exclusive placement agent for the offering.
The SRFC team was led by partners Darrin Ocasio , Avital Perlman, Matthew Siracusa, and associate Jesse Blue.
Sichenzia Ross Ference Carmel LLP Represents Nvni Group in $12 Million Private Placement Offering
New York, NY – December 31, 2024 – Sichenzia Ross Ference Carmel LLP announced that it represented Nuvini Group Limited in its $12 million private placement offering.
Maxim Group LLC acted as the exclusive placement agent for the offering. The Maxim Group team was led by Ritesh Veera, Pavlos Mavrides and Robert Solomon.
The SRFC team was led by partners Ross Carmel, Thiago Spercel and associate Benasz Hansotia.
Sichenzia Ross Ference Carmel LLP Represents Leishen Energy Holding Co., Ltd. in Closing of $5.5 Million Initial Public Offering
Press Release – New York, NY – December 30, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented Leishen Energy Holding Co., Ltd. (Nasdaq: LSE), a China-based provider of clean-energy equipment and integrated solutions for the oil and gas industry, in its initial public offering of 1,375,000 ordinary shares at a public offering price of $4.00 per Share. The shares began trading on the Nasdaq Capital Market on December 19, 2024, under the ticker symbol “LSE”.
The SRFC team was led by partners Huan Lou and David B. Manno, and associates Martryn Mak, Ronghong Dai, and Tong Wu.
Sichenzia Ross Ference Carmel LLP Represents ThinkEquity in $5 Million Public Offering of CEL-SCI
New York, NY – December 30, 2024 – Sichenzia Ross Ference Carmel LLP announced that it represented ThinkEquity as the sole placement agent for the $5 million public offering of CEL-SCI Corporation.
The ThinkEquity team was led by Jaigobind Ramnarain, Eric Lord, Kevin Mangan and Brian Carstens.
The SRFC team was led by partners Ross Carmel, Avital Perlman, Jeffrey Cahlon and associate Soumya Cheedi.
Sichenzia Ross Ference Carmel LLP represents KULR Technology Group, Inc. in a $50 Million Upsizing under an At The Market Offering Agreement
Press Release – New York, NY – December 27, 2024 – Sichenzia Ross Ference Carmel LLP announced that it represented KULR Technology Group, Inc (NYSE AMERICAN: KULR), an electronic components and accessories manufacturer providing advanced energy management platforms, in an increase to the maximum aggregate offering amount of shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”) issuable under the At The Market Offering Agreement (the “Sales Agreement”) with Craig-Hallum Capital Group LLC from $46,000,000 to $96,000,000 and filed a prospectus supplement under the Sales Agreement for the additional $50,000,000.
The SRFC team was led by partner Jay Yamamoto and associate Rohini Sud.
Sichenzia Ross Ference Carmel LLP Represents MKDWELL Tech Inc. in Closing of $1.7 Million Convertible Note Offering
Press Release – New York, NY – December 30, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented MKDWWELL Tech Inc. (Nasdaq: MKDW) in its PIPE offering and sale of a convertible note to one institutional investor for gross proceeds of US$1,700,000, which closed on December 9, 2024.
The SRFC team was led by partners Huan Lou and David Manno, and associates Martryn Mak and Ronghong Dai.
Sichenzia Ross Ference Carmel LLP Represents Hongli Group Inc. in Closing of $33 Million PIPE Offering
Press Release – New York, NY – December 30, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented Hongli Group Inc. (Nasdaq: HLP) in its PIPE offering and sale of 60,000,000 ordinary shares for gross proceeds of approximately US$33,000,000, which closed on December 5, 2024.
The SRFC team was led by partner Huan Lou and associates Martryn Mak, Bonnie Bai, and Chenyi Wang.
Sichenzia Ross Ference Carmel LLP Represents MGO Global in $6 Million Public Offering
New York, NY – December 23, 2024 – Sichenzia Ross Ference Carmel LLP announced that it represented MGO Global, Inc. (Nasdaq: MGOL), a digitally-native, lifestyle brand portfolio company, in its $6 million public offering.
Maxim Group LLC acted as the sole placement agent for the offering. The Maxim Group team was led by Larry Glassberg.
The SRFC team was led by partners Ross Carmel, Jeff Wofford and associate Anna Chaykina.
Sichenzia Ross Ference Carmel LLP represents KULR Technology Group, Inc. in a $26 Million Upsizing of an At The Market Offering
Press Release – New York, NY – December 23, 2024 – Sichenzia Ross Ference Carmel LLP announced that it previously represented KULR Technology Group, Inc (NYSE AMERICAN: KULR), an electronic components and accessories manufacturer, in a $26 million upsizing of the maximum aggregate offering amount of the shares of the Company’s common stock, par value $0.0001 per share issuable under an At The Market Offering Agreement (the “Sales Agreement”) with Craig-Hallum Capital Group LLC, dated July 3, 2024, from $20,000,000 to $46,000,000 and filed a prospectus supplement under the Sales Agreement to sell an aggregate of up to $46,000,000 shares of common stock from time to time at prevailing market prices.
The SRFC team was led by partner Jay Yamamoto and associate Rohini Sud.
Sichenzia Ross Ference Carmel LLP Represents The Coretec Group in an aggregate $17.15 Million Private Placement Offering of Preferred Stock
Press Release – New York, NY – December 23, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it recently represented The Coretec Group (OTCQB: CRTG), a company focused on the development of silicon anode active materials for lithium-ion batteries and cyclohexasilane (CHS) for electric vehicles (EVs), cleantech, and emerging tech applications, in a $17.15 million private placement offering of its Series D convertible Preferred Stock.
The Sichenzia Ross Ference Carmel LLP team was led by partner Jay Yamamoto and associate Rohini Sud.
Sichenzia Ross Ference Carmel LLP Represents New Century Logistics (BVI) Limited in Closing of $6 Million Initial Public Offering
Press Release – New York, NY – December 19, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented New Century Logistics (BVI) Limited (Nasdaq: NCEW), an international freight forwarding company and logistics service provider, in its initial public offering of 1,500,000 ordinary shares at a public offering price of $4.00 per share. The shares began trading on The Nasdaq Capital Market on September 18, 2024, under the ticker symbol “NCEW”.
The SRFC team was led by partners Huan Lou, David B. Manno, and Jeff Cahlon and associate Soumya Cheedi.
Sichenzia Ross Ference Carmel LLP represents Newbridge Securities Corporation in a $9 Million Initial Public Offering of Netclass Technology Inc.
Press Release – New York, NY – December 18, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented Newbridge Securities Corporation, the representative of the Underwriters, in connection with the initial public offering of 1,800,000 Class A ordinary shares of Netclass Technology Inc. at a price of $5.00 per share. The underwriters in the initial public offering were Newbridge Securities Corporation and Revere Securities, LLC. The Class A ordinary shares commenced trading on the Nasdaq Capital Market on December 13, 2024 and the offering closed on December 16, 2024.
NETCLASS TECHNOLOGY INC. is a leading B2B smart education specialist with offices in Shanghai, Hong Kong, and Singapore, providing innovative IT solutions to schools, training institutions, corporations, public agencies, and other organizations.
The SRFC team was led by partners Huan Lou, David Manno and associate Soumya Cheedi.
Sichenzia Ross Ference Carmel LLP Represents Spartan Capital Securities in $6 Million Private Placement Offering of Lipella Pharmaceuticals Inc.
Press Release – New York, NY – December 16, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented Spartan Capital Securities, LLC as the sole placement agent in the private offer and sale of up to $6,000,000 of Series B non-voting convertible preferred stock of Lipella Pharmaceuticals Inc.
The SRFC team was led by partners Gregory Sichenzia and Avital Perlman and associate Benjamin Sklar.
Sichenzia Ross Ference Carmel LLP Represents A2Z Cust2Mate Solutions Corp. in $12.5 Million Registered Direct Offering
Press Release – New York, NY – December 16, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ), a global leader in innovative technology solutions, in a registered direct offering of 1,947,000 common shares at a purchase price of $6.40 per share.
The SRFC team was led by partners Gregory Sichenzia and Avital Perlman and associates Rohini Sud and Benasz Hansotia.
Sichenzia Ross Ference Carmel LLP Represents Spartan Capital Securities in $11.42 Million Private Placement Offering of 1847 Holdings
New York, NY – December 13, 2024 – Sichenzia Ross Ference Carmel LLP announced that it represented Spartan Capital Securities, LLC, as the sole placement agent for the $11.42 million private placement offering of 1847 Holdings LLC.
The Spartan Capital team was led by Stephen Faucetta, Brian Duddy and Blake Weltman.
The SRFC team was led by partners Ross Carmel, Jeff Wofford and associate Mohit Agrawal.
Sichenzia Ross Ference Carmel LLP represents BriaCell Therapeutics in $5.5 Million Public Offering
Press Release – New York, NY – December 12, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented BriaCell Therapeutics Corp. (NASDAQ: BCTX, BCTXW) (TSX: BCT) , a clinical-stage biotechnology company that develops novel immunotherapies to transform cancer care, in an underwritten public offering of 7,400,000 common shares and warrants to purchase 7,400,000 common shares at a combined public offering price of $0.75 per share and associated warrant.
The SRFC team was led by partners Gregory Sichenzia and Avital Perlman and associates Christian Lichtenberger and Benasz Hansotia.
Sichenzia Ross Ference Carmel LLP Represents New Era Helium in De-SPAC Transaction, Nasdaq Listing and up to $85 Million in Financing
New York, NY – December 9, 2024 – Sichenzia Ross Ference Carmel LLP announced that it represented New Era Helium, Inc. (“New Era Helium” or the “Company”) in a de-SPAC transaction with Roth CH V Holdings, Inc. and Roth CH Acquisition V. Co. and up to $85 million in financing. The Company began trading on the Nasdaq Under Symbol “NEHC.”
On December 6, 2024, NEH, Roth CH Acquisition V. Co., and ATW Partners Opportunities Management, LLC (“ATW”) entered into a series of financing transactions including an equity purchase agreement for $75 million, an advance of $10 million in senior secured notes of which $7 million was advanced at closing and up to an additional $3 million will be advanced subject to the satisfaction of certain conditions, and the issuance of warrants to purchase up to an additional $30 million in common stock.
The SRFC team congratulates New Era Helium CEO Will Gray and the rest of the Company on the transaction.
Roth Capital Partners and Craig-Hallum Capital Group acted as financial advisors for the transaction.
The SRFC team was led by partners Ross Carmel, Thiago Spercel and associate Lony Leung.
Sichenzia Ross Ference Carmel LLP represents Madison Global Partners, LLC in an Unsecured Senior Convertible Note and Warrant Offering up to $1 Million
Press Release – New York, NY – December 5, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented Madison Global Partners, LLC, in a private placement transaction in which Celularity Inc. (the “Company”) (NASDAQ: “CELU”), in one or more closings, sold unsecured senior convertible notes (the “Notes”) and warrants (the “Purchaser Warrants”) for an aggregate original principal amount of up to $1,000,000, less placement agent discounts and commissions.
The SRFC team was led by partners Gregory Sichenzia and Darrin Ocasio and associate Jesse Blue.
Sichenzia Ross Ference Carmel LLP Represents D. Boral Capital in $1.7 Million Registered Direct Offering of SRM Entertainment
New York, NY – December 5, 2024 – Sichenzia Ross Ference Carmel LLP announced that it represented D. Boral Capital LLC as the exclusive placement agent for the $1.7 million registered direct offering of SRM Entertainment, Inc.
The D. Boral Capital team was led by David Boral, Gaurav Verma and Mark Iorio.
The SRFC team was led by partners Ross Carmel, Jeff Wofford and associate Anna Chaykina.
Sichenzia Ross Ference Carmel LLP Represents A.G.P/Alliance Global Partners in $8 Million Private Placement of TransCode Therapeutics
Press Release – New York, NY – December 4, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented A.G.P/Alliance Global Partners as financial advisor in the $8 million private placement offering by TransCode Therapeutics, Inc. (Nasdaq: RNAZ).
The Sichenzia Ross Ference Carmel LLP team was led by partners Marc Ross and Avital Perlman and associate Rohini Sud.
Sichenzia Ross Ference Carmel LLP Represents RBW Capital Partners in the $3 Million Private Placement Offering of Sadot Group
New York, NY – December 3, 2024 – Sichenzia Ross Ference Carmel LLP announced that it represented RBW Capital Partners LLC, as the exclusive placement agent for the $3 million private placement offering of Sadot Group Inc.
The RBW Partners team was led by Joe Giamichael and Philip Gaucher
The SRFC team was led by partners Ross Carmel, Barrett DiPaolo and associate Benjamin Sklar.
CLIENT ALERT: The Business Judgment Rule in Stakeholder Capitalism
Thiago Spercel, a partner at Sichenzia Ross Ference Carmel, recently published a paper entitled “The Business Judgment Rule in Stakeholder Capitalism” at the Northwestern Journal of International Law and Business. The paper was produced during his time as a Visiting Scholar at Columbia Law School in the beginning of the year.
In the paper, Spercel discusses the purpose of a corporation and the tension between shareholder primacy and stakeholder capitalism. Certain extreme situations of stakeholder-centric decisions that cannot be reconciled with value creation for shareholders could potentially constitute a breach of management’s duty of loyalty if they involve self-dealing or conflict of interest situations, resulting in the unavailability of the business judgment rule protection.
Clear, well-structured, and properly executed stakeholder-friendly decisions will likely create long-term value to shareholders and are germane to the shareholder primacy doctrine, but impulsive, poorly structured decisions taken by managers seeking personal reputation and recognition will often translate into destruction of shareholder value and therefore should be deterred by the law.
Sichenzia Ross Ference Carmel LLP Represents Qualigen Therapeutics in $4.5 Million Private Placement Offering
New York, NY – November 20, 2024 – Sichenzia Ross Ference Carmel LLP announced that it represented Qualigen Therapeutics, Inc. (NASDAQ: QLGN) (“Qualigen” or the “Company) in its $4.5 million private placement offering.
Univest, LLC acted as the exclusive placement agent for the offering. The Univest team was led by Bradley Richmond.
The SRFC team was led by partner Ross Carmel, counsel Jeff Hua and associate Bonnie Bai.
Sichenzia Ross Ference Carmel LLP Represents D. Boral Capital in the $12.2 Million Registered Direct Offering of 374Water Inc.
New York, NY – November 18, 2024 – Sichenzia Ross Ference Carmel LLP announced that it represented D. Boral Capital LLC as the exclusive placement agent for the $12.2 million registered direct offering of 374Water Inc.
The D. Boral Capital team was led by David Boral and David Lee.
The SRFC team was led by partners Ross Carmel, Avital Perlman and associate Christian Lichtenberger.
Sichenzia Ross Ference Carmel LLP Represents Joseph Gunnar & Co., LLC in the $1.6 Million Private Placement Offering of Eastside Distilling, Inc.
New York, NY – November 18, 2024 – Sichenzia Ross Ference Carmel LLP announced that it represented Joseph Gunnar & Co., LLC as the exclusive placement agent for the $1.6 million private placement offering of Eastside Distilling, Inc.
The Joseph Gunnar team was led by Peter Serra and Vincent Miscioscia.
The SRFC team was led by partner Ross Carmel, counsel Sharon Carroll and associate Christian Lichtenberger.
Sichenzia Ross Ference Carmel LLP Represents Cyngn Inc. in a $3.5 Million Private Placement
Press Release – New York, NY – November 18, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented Cyngn Inc. (NASDAQ: CYN), a developer of industrial autonomous vehicles, in a $3,500,000 private placement of notes and shares of common stock.
The investment is in the form of an Original Issue Discount Senior Note and Shares of Common Stock, resulting in proceeds before expenses to Cyngn of $3.5 million.
Aegis Capital Corp. acted as the exclusive placement agent for the private placement.
The Sichenzia Ross Ference Carmel LLP team was led by partners Gregory Sichenzia and Marcelle Balcombe, and senior paralegal Raquel Vazquez.
Sichenzia Ross Ference Carmel LLP Represents Nature’s Miracle Holding Inc. in Closing of $3 Million Public Offering
Press Release – New York, NY – November 14, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented Nature’s Miracle Holding Inc. (Nasdaq: NMHI; NMHIW), a leader in vertical farming technology and infrastructure, in approximately $3 million public offering of (a) 25,133,631 units (the “Units”), with each Unit consisting of (i) one share of common stock, par value $0.0001 per share (the “Common Stock”), (ii) one Series A Warrant to purchase one share of Common Stock (the “Series A Warrant”), and (iii) one Series B Warrant to purchase such number of shares of Common Stock as determined on the Reset Date (as defined in the Series B Warrant) (the “Series B Warrant”), at a public offering price of $0.1118 per Unit and (b) 1,700,000 pre-funded units (the “Pre-Funded Units”), with each Pre-Funded Unit consisting of (i) one pre-funded warrant exercisable for one share of Common Stock, (ii) one Series A Warrant, and (iii) one Series B Warrant, at a public offering price of $0.1117 per Pre-Funded Unit, for the aggregate gross proceeds of approximately $3 million, prior to deducting underwriting discounts and other offering expenses.
Boral Capital LLC acted as the sole book running manager for the offering.
The Sichenzia Ross Ference Carmel LLP team was led by partners Huan Lou, David Manno, and Jeffrey Cahlon, and associate Ronghong Dai.
Sichenzia Ross Ference Carmel LLP Ranked in Chambers and Partners’ NY Spotlight Guide for Securities
New York, NY – November 12, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it was named to Chambers and Partners’ NY Spotlight Guide for Securities, a program that highlights middle and lower-mid market firms, recognizing those that are well-known for their expertise in certain selected practice areas.
Spotlight firms meet the criteria of having maintained a foothold in the market despite high interest rates and increasing SEC regulatory scrutiny impacting deal-making. The listed firms are a great choice of counsel for complex debt and equity transactions. Firms are particularly active in handling major bond and stock offerings, as well as providing advice on regulatory compliance and beneficial ownership filings.
Find more details and other firms listed at this link.
Sichenzia Ross Ference Carmel LLP represents Calidi Biotherapeutics, Inc. in $7.5 Million Public Offering
Press Release – New York, NY – November 14, 2024 – Sichenzia Ross Ference Carmel LLP announced that it represented Calidi Biotherapeutics, Inc. (NYSE AMERICAN: CLDI) (the “Company”), a clinical-stage biotechnology company developing a new generation of targeted immunotherapies, in a public offering of 4,437,869 shares of common stock at $1.69 per share for gross proceeds of approximately $7.5 million.
The SRFC team was led by partners Jay Yamamoto, and Matthew Siracusa, associate Rohini Sud and law clerk Brady Berman.
Sichenzia Ross Ference Carmel LLP Represents Craft Capital Management and D. Boral Capital in the $4 Million Public Offering of Aduro Clean Technologies
New York, NY – November 8, 2024 – Sichenzia Ross Ference Carmel LLP announced that it represented Craft Capital Management LLC and D. Boral Capital LLC in the $4 million public offering of Aduro Clean Technologies Inc.
Craft Capital Management acted as the representative of the underwriters, with D. Boral Capital acting as co-underwriter for the offering.
The SRFC team was led by partners Ross Carmel, Matt Siracusa and associate Lony Leung.
Sichenzia Ross Ference Carmel LLP Represents Safe & Green Holdings Corp. in $2.4 Million Warrant Inducement
New York, NY – November 7, 2024 – Sichenzia Ross Ference Carmel LLP announced that it represented Safe & Green Holdings Corp. (“Safe & Green Holdings” or the “Company”), a leading developer, designer and fabricator of modular structures, in its $2.4 million warrant inducement transaction.
Aegis Capital Corp. acted as the exclusive financial advisor for the transaction. The Aegis team was led by Isaac Eide and Anthony Lapadula.
The SRFC team was led by partners Ross Carmel, Arthur Marcus and associate Jesse Blue.
Sichenzia Ross Ference Carmel LLP represents Thumzup Media Corporation in $7.125 Million Underwritten Public Offering
Press Release – New York, NY – October 31, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented Thumzup Media Corporation (OTCQB: TZUP) (NASDAQ: TZUP), a leading provider of innovative social media branding and marketing solutions which allow businesses and brands to pay customers and fans cash through Venmo and PayPal for their posts on social media, in an underwritten public offering of 1,425,000 shares of common stock, at a price of $5.00 per share (the “Shares”). In addition, the Company has granted the underwriters a 45-day over-allotment option to purchase up to an additional 213,750 Shares, less underwriting discounts and commissions.
The SRFC team was led by partner Gregory Sichenzia and associates Jesse Blue and Chance Moore.
Sichenzia Ross Ference Carmel LLP Represents Algorhythm Holdings, Inc. in a $2.0 Million Private Placement
Press Release – New York, NY – October 31, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented Algorhythm Holdings, Inc. (NASDAQ: RIME), an AI-driven technology and consumer electronics holding company, in a $2,000,000 private placement of notes and shares of common stock.
The investment is in the form of Original Issue Discount Senior Secured Notes and shares of Common Stock, resulting in proceeds before expenses to Algorhythm of $2.0 million.
Univest Securities LLC acted as the exclusive placement agent for the private placement.
The Sichenzia Ross Ference Carmel LLP team was led by partners Gregory Sichenzia, Marcelle Balcombe, associates Mayank Pradhan, Soumya Cheedi and senior paralegal Raquel Vazquez.
Sichenzia Ross Ference Carmel LLP Represents Aegis Capital Corp. in $4.2 Million Initial Public Offering of Polyrizon Ltd.
New York, NY – October 30, 2024 – Sichenzia Ross Ference Carmel LLP announced that it has represented Aegis Capital Corp. as sole book running manager in the initial public offering of Polyrizon Ltd. (Nasdaq: PLRZ), a development stage biotech company specializing in the development of innovative medical device hydrogels. The SRFC team was led by partners Gregory Sichenzia, Jeff Cahlon, Avital Perlman and associates Christian Lichtenberger and Mayank Pradhan.
Sichenzia Ross Ference Carmel LLP represents The Benchmark Company, LLC in $5.2 Million Initial Public Offering of Gelteq Limited
Press Release – New York, NY – October 30, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented The Benchmark Company, LLC as lead managing underwriter in the $5.2 million initial public offering of Gelteq Limited, a global biotechnology company that specializes in the formulation, development, and manufacturing of ingestible gel technology. The SRFC team was led by partners Darrin Ocasio, Avital Perlman, Matthew Siracusa, and associates Mayank Pradhan and Benasz Hansotia.
Sichenzia Ross Ference Carmel LLP Represents iSpecimen Inc. in the Pricing of $5 Million Public Offering
New York, NY – November 4, 2024 – Sichenzia Ross Ference Carmel LLP announced that it has represented iSpecimen Inc. (Nasdaq: ISPC) (“iSpecimen” or the “Company”), an online global marketplace that connects scientists requiring biospecimens for medical research with a network of healthcare specimen providers, in the pricing of a $5 million public offering.
The SRFC team was led by partners Ross Carmel, Barry Biggar and associate Benjamin Sklar.
Sichenzia Ross Ference Carmel LLP Represents Dominari Securities in the $1.96 Million Private Placement of Unusual Machines
New York, NY – November 1, 2024 – Sichenzia Ross Ference Carmel LLP announced that it has represented Dominari Securities LLC as the exclusive placement agent for the $1.96 million private placement from Unusual Machines, Inc.
The Dominari Securities team was led by Kyle Wool and Eric Newman.
The SRFC team was led by partners Ross Carmel, Barrett DiPaolo and associate Soumya Cheedi.
Sichenzia Ross Ference Carmel LLP Ranked #1 in the Nation for Issuer Counsel Among Securities Law Firms in PlacementTracker’s PIPE and Private Placement Markets League Tables for Q3 2024
NEW YORK, Oct. 30, 2024 — Sichenzia Ross Ference Carmel LLP (“SRFC”) announced today that it was ranked first nationally among securities law firms for PIPE and private placement markets in Q3 2024 with 32 transactions totaling $146.6 million. SRFC was also ranked third in the Investor Counsel and fifth in the Placement Agent Counsel categories, with five transactions totaling $9.5 million and 11 transactions totaling $50 million, respectively. The full PlacementTracker report can be found here.
During the quarter, a total of $49.1 billion was raised across 1,022 transactions. SRFC’s combined 48 transactions, totaling $206 million, led to such prominent placements across PlacementTracker’s league tables, reflecting the critical role the firm plays counseling companies across a broad spectrum of industries.
“Issuers, underwriters and financial institutions choose SRFC because of our deep experience counseling on complex capital markets transactions, like PIPEs and private placements, and our dogged pursuit in achieving client objectives,” said Ross Carmel, name partner at Sichenzia Ross Ference Carmel LLP.
PlacementTracker is the leading source for data and analysis to institutions in the PIPE and Private Placement markets. Legal counsel rankings exclude all 144-A Offerings, Equity Lines of Credit, At the Market Transactions, Rights Offerings, Bought Deals and all PIPE transactions conducted by foreign issues that trade in the U.S. on the OTC.
“We are ranked #1 for a reason, as we began working on PIPE and private placement deals in the early days of our firm’s existence so many years ago. It comes as no surprise that our industry footprint on these transactions is still expanding all these years later,” said Gregory Sichenzia, founding partner at Sichenzia Ross Ference Carmel LLP. “As these transactions have become more commonplace, many firms have worked to catch up with us, but there is no competing with our team of attorneys and their track record for executing on behalf of clients.”
About Sichenzia Ross Ference Carmel LLP
SRFC is a full-service law firm with a nationally recognized corporate, securities, and litigation practice that provides experienced representation in all matters involving the securities industry. In addition to handling routine to complex commercial matters, SRFC’s renowned litigation and regulatory department specializes in defending broker-dealers, registered persons, public and private corporations, and individuals in investigations and enforcement proceedings before the SEC, FINRA, and other regulatory bodies, as well as litigations and arbitrations across all forums in the securities industry, including class action lawsuits, shareholder derivative actions, and matters involving allegations of fraud, misrepresentation or other securities violations.
Visit the SRFC website or LinkedIn page to learn more.
Sichenzia Ross Ference Carmel LLP Represents RBW Capital Partners LLC in the $3 Million Public Offering of Digital Brands Group, Inc.
New York, NY – October 30, 2024 – Sichenzia Ross Ference Carmel LLP announced that it has represented RBW Capital Partners LLC as the exclusive placement agent for the $3 million initial public offering from Digital Brands Group, Inc.
The SRFC team was led by partners Ross Carmel, Jay Yamamoto and associate Chance Moore.
Sichenzia Ross Ference Carmel LLP Represents Spartan Capital Securities in the $11.1 Million Public Offering of 1847 Holdings
New York, NY – October 31, 2024 – Sichenzia Ross Ference Carmel LLP announced that it has represented Spartan Capital Securities, LLC as the sole placement agent for the $11.1 million public offering from 1847 Holdings LLC.
The Spartan Capital Securities team was led by Joe Giamichael, Stephen Faucetta and Brian Duddy.
The SRFC team was led by partners Ross Carmel, Jeff Wofford and attorney Mohit Agrawal.
Partner David Manno Quoted in Reuters Article Discussing WeRide’s Nasdaq Trading Surge
Press Release – New York, NY – October 28, 2024 – David Manno, partner at Sichenzia Ross Ference Carmel LLP, was quoted last week in a nationally syndicated Reuters article entitled “China’s self-driving startup WeRide’s shares surge in Nasdaq debut.”
Per the article, the strong performance reflects a growing appetite among U.S. investors for Chinese companies, following nearly two years of uncertainty after the ride-hailing giant Didi Global’s delisting due to regulatory backlash in China.
Sichenzia Ross Ference Carmel is uniquely qualified to speak to Chinese companies listing in the US, given their extensive work counseling issuers and financial institutions on the transition to North American markets. Manno stated:
“Companies in hot sectors are going to get attention wherever they’re from. There’s so much enhanced disclosure that I don’t think it’s going to be an issue for Chinese companies going public (in the U.S.).”
About The Author
Partner at Sichenzia Ross Ference LLP
Mr. Manno’s practice focuses on corporate and securities law. Mr. Manno regularly represents public and private companies in capital raising transactions, including private placements, bridge financings and mergers and acquisitions.
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Sichenzia Ross Ference Carmel LLP represents BullFrog AI Holdings, Inc. in $3.13 Million Registered Direct Offering and Concurrent Private Placement
Press Release – New York, NY – October 24, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented BullFrog AI Holdings, Inc. (NASDAQ: BFRG; BFRGW), a technology-enabled drug development company using artificial intelligence (AI) and machine learning to enable the successful development of pharmaceuticals and biologics, in a $3.13 million registered direct offering and private placement. Gross proceeds to the company will be approximately $3.13 million.
The SRFC team was led by partner Arthur Marcus and associate Rohini Sud.
Sichenzia Ross Ference Carmel LLP Represents Craft Capital Management and EF Hutton in the $6.08 Million Initial Public Offering of Li Bang International Corporation Inc.
Press Release – New York, NY – October 24, 2024 – Sichenzia Ross Ference Carmel LLP announced that it has represented Craft Capital Management LLC and EF Hutton LLC as underwriters for the $6.08 million initial public offering from Li Bang International Corporation Inc.
Craft Capital Management acted as the representative of the underwriters, with EF Hutton acting as co-underwriter for the offering.
The SRFC team was led by partner Ross Carmel and associate Bonnie Bai.
Sichenzia Ross Ference Carmel LLP Represents US Tiger Securities, Inc. in the $4.8 Million Initial Public Offering of Founder Group Limited
Press Release – New York, NY – October 25, 2024 – Sichenzia Ross Ference Carmel LLP announced that it has represented US Tiger Securities, Inc. as the sole underwriter for the $4.8 million initial public offering from Founder Group Limited.
The SRFC team was led by partners Ross Carmel, Thiago Spercel and associate Bonnie Bai.
Sichenzia Ross Ference Carmel LLP Represents Spartan Capital Securities in the $2.5 Million Registered Direct Offering of Inspire Veterinary Partners
Press Release – New York, NY – October 23, 2024 – Sichenzia Ross Ference Carmel LLP announced that it has represented Spartan Capital Securities, LLC as the sole placement agent for the $2.5 million registered direct offering from Inspire Veterinary Partners, Inc.
The Spartan Capital Securities team was led by Joe Giamichael.
The SRFC team was led by partners Ross Carmel, Jeffrey Wofford and associate Benjamin Sklar.
Sichenzia Ross Ference Carmel LLP represents Calidi Biotherapeutics, Inc. in a $2.05 Million Registered Direct Offering and Concurrent Private Placement
Press Release – New York, NY – October 23, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented Calidi Biotherapeutics, Inc. (NYSE AMERICAN: CLDI), a clinical-stage biotechnology company developing a new generation of targeted immunotherapies, in a $2.05 million registered direct offering and concurrent private placement. The gross proceeds, before deducting the placement agent fees and other offering expenses payable by the Company, were approximately $2.05 million.
The SRFC team was led by partner Jay Yamamoto and associate Rohini Sud.
Sichenzia Ross Ference Carmel LLP Represents WallachBeth Capital in the $2.66 Million Registered Direct Offering and Concurrent Private Placement of bioAffinity Technologies
Press Release – New York, NY – October 22, 2024 – Sichenzia Ross Ference Carmel LLP announced that it has represented WallachBeth Capital, LLC as the sole placement agent for the $2.66 million registered direct offering and concurrent private placement from bioAffinity Technologies, Inc.
The SRFC team was led by partners Ross Carmel and Jeffrey Wofford.
Sichenzia Ross Ference Carmel LLP represents Lexaria Bioscience Corp. in $5 Million Registered Direct Offering and Concurrent Private Placement
Press Release – New York, NY – October 15, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented Lexaria Bioscience Corp. (NASDAQ: LEXX), a global innovator in drug delivery platforms, in a $5 million registered direct offering and private placement priced at-the-market under Nasdaq rules. Gross proceeds to the company will be approximately $5 million.
H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.
The SRFC team was led by partners Gregory Sichenzia and Avital Perlman and associates Rohini Sud and Benasz Hansotia.
Sichenzia Ross Ference Carmel LLP represents Calidi Biotherapeutics, Inc. in $5.1 Million At The Market Offering
Press Release – New York, NY – October 11, 2024 – Sichenzia Ross Ference Carmel LLP announced that it previously represented Calidi Biotherapeutics, Inc. (NYSE AMERICAN: CLDI) (the “Company”), a clinical-stage biotechnology company developing a new generation of targeted immunotherapies, in an at-the-market offering worth up to $5.1 million. The agreement with Ladenburg Thalmann & Co. Inc., dated October 11, 2024, allows the Company to issue and sell shares of common stock from time to time at prevailing market prices or through negotiated transactions.
The SRFC team was led by partner Jay Yamamoto and associate Rohini Sud.
Sichenzia Ross Ference Carmel LLP Represents Aegis Capital Corp. in the $8.2 Million Private Placement of SOBRsafe, Inc.
New York, NY – October 9, 2024 – Sichenzia Ross Ference Carmel LLP announced that it has represented Aegis Capital Corp. as exclusive placement agent for the $8.2 million private placement from SOBRsafe, Inc.
The SRFC team was led by partners Ross Carmel and Avital Perlman, as well as associate Soumya Cheedi.
Sichenzia Ross Ference Carmel LLP represents A2Z Cust2Mate Solutions Corp. in $4 Million Registered Direct Offering
Press Release – New York, NY – October 2, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented A2Z Cust2Mate Solutions Corp. (NASDAQ: AZ), a global leader in innovative technology solutions, in a registered direct offering of 5,409,999 common shares at a purchase price of $0.75 per share. Gross proceeds to the company will be approximately $4 million.
The SRFC team was led by partners Gregory Sichenzia and Avital Perlman and associate Rohini Sud.
Sichenzia Ross Ference Carmel LLP represents BriaCell Therapeutics in $5.0 Million Offering
Press Release – New York, NY – October 1, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented BriaCell Therapeutics Corp. (NASDAQ: BCTX, BCTXW) (TSX: BCT) , a clinical-stage biotechnology company that develops novel immunotherapies to transform cancer care, in its best-efforts offering of 5,128,500 common shares and warrants to purchase up to 5,128,500 common shares at a combined offering price of $0.975 per share and associated warrant, priced at-the-market under Nasdaq rules. Total gross proceeds from the offering were approximately $5 million.
The SRFC team was led by partners Gregory Sichenzia and Avital Perlman and associate Christian Lichtenberger.
Sichenzia Ross Ference Carmel LLP Represents Innovation Beverage Group Limited in Closing of $5.4 Million Initial Public Offering
Press Release – New York, NY – October 1, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented Innovation Beverage Group Limited (Nasdaq: IBG), a developer, manufacturer, marketer, exporter and retailer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands with a focus on premium and super premium brands, in the pricing of its initial public offering of 1,350,000 ordinary shares at a public offering price of $4.00 per share. The shares began trading on The Nasdaq Capital Market on September 26, 2024, under the ticker symbol “IBG”.
The Sichenzia Ross Ference Carmel LLP team was led by partners Darrin Ocasio and Matthew Siracusa, counsel Sharon Carroll, and associate Benjamin Sklar
Sichenzia Ross Ference Carmel LLP Represents Beyond Air, Inc. in a $20.6 Million Private Placement Offering
Press Release – New York, NY – September 27, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented Beyond Air, Inc. (NASDAQ: XAIR), a commercial stage medical device and biopharmaceutical company focused on harnessing the power of endogenous and exogenous nitric oxide (NO) to improve the lives of patients, in a $20.6 million private placement offering. Under the terms of the securities purchase agreement, the investors have agreed to purchase shares of the Company’s common stock (or pre-funded warrants in lieu thereof) and accompanying warrants to purchase shares of common stock, at a purchase price of $0.51 per common share (or $0.5099 per pre-funded warrant in lieu thereof) and accompanying warrant in a private placement priced at-the-market under the rules of the Nasdaq Stock Market.
The Sichenzia Ross Ference Carmel LLP team was led by partners Gregory Sichenzia and Avital Perlman and associate Rohini Sud.
Sichenzia Ross Ference Carmel LLP Represents Bancroft Capital, LLC in $9.5 Million Initial Public Offering of Ordinary Shares of Premium Catering (Holdings) Limited
Press Release – New York, NY –September 27, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented Bancroft Capital, LLC in a $9.5 million initial public offering of ordinary shares of Premium Catering (Holdings) Limited (NASDAQ: PC), a food caterer supplying prepared meals to foreign workers in Singapore as well as operating food stalls and providing buffet catering services. The initial public offering consisted of 1,650,000 ordinary shares issued and sold by Premium Catering (Holdings) Limited and 350,000 ordinary shares by certain selling shareholders at the public offering price of $4.75 per share.
Bancroft Capital, LLC acted as lead underwriter and representative for the offering.
The Sichenzia Ross Ference Carmel LLP team was led by partners Benjamin Tan and Matthew Siracusa.
Sichenzia Ross Ference Carmel LLP represents INmune Bio Inc. in $13.0 Million Registered Direct Offering
Press Release – New York, NY – September 17, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented INmune Bio (Nasdaq: INMB), a clinical-stage inflammation and immunology company focused on developing treatments that harness a patient’s innate immune system to fight disease, in the purchase and sale of 2,341,260 shares of its common stock and warrants to purchase up to an aggregate of 2,341,260 shares of common stock at a combined purchase price per share and accompanying warrant of $5.50 for the institutional investors, and $6.50 per share and accompanying warrant for the Insiders, pursuant to a registered direct offering. The gross proceeds of the offering will be approximately $13.0 million before deducting placement agent fees and other estimated offering expenses
A.G.P./Alliance Global Partners acted as the sole placement agent for the offering.
The SRFC team was led by partners Marc Ross, Thomas Rose, and David Manno, and associate Jesse Blue.
Sichenzia Ross Ference Carmel LLP Represents Sharps Technology, Inc. in Closing of $3.5 Million Bridge Financing
Press Release – New York, NY – September 24, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented Sharps Technology, Inc. (NASDAQ: STSS), an innovative medical device and pharmaceutical packaging company offering patented, best-in-class syringe products, in the closing of its previously announced secured bridge financing of approximately $3.5 million.
Aegis Capital Corp. acted as Exclusive Placement Agent for the private placement.
The Sichenzia Ross Ference Carmel LLP team was led by partner Arthur Marcus and associate Jesse Blue.
Sichenzia Ross Ference Carmel LLP Represents Kaival Brands Innovations Group, Inc. in Definitive Merger and Share Exchange Agreement with Delta Corp Holdings Limited
New York, NY – September 25, 2024 – Sichenzia Ross Ference Carmel LLP announced that it has represented Kaival Brands Innovations Group, Inc. (“Kaival Brands” or the “Company”), the exclusive U.S. distributor of the Bidi® Stick and certain other products manufactured by Bidi Vapor, in a definitive merger and share exchange agreement with Delta Corp Holdings Limited (“Delta”).
Maxim Group LLC served as the exclusive financial advisor to Kaival Brands.
The SRFC team was led by partners Ross Carmel, Jeff Wofford and associate Soumya Cheedi.
Sichenzia Ross Ference Carmel LLP Represents Elevai Labs, Inc. in Pricing of $8.0 Million Public Offering
New York, NY – September 24, 2024 – Sichenzia Ross Ference Carmel LLP announced that it has represented Elevai Labs, Inc. (“Elevai” or the “Company”), a pioneering force in medical aesthetics, in the pricing of an $8.0 million public offering.
Univest Securities, LLC acted as the sole placement agent for the offering.
The SRFC team was led by partners Ross Carmel and Matt Siracusa, as well as associates Lony Leung and Chance Moore.
Sichenzia Ross Ference Carmel LLP Represents Impact Biomedical Inc. in Closing of $4.5 Million Initial Public Offering
Press Release – New York, NY – September 18, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented Impact Biomedical Inc. (NYSE: IBO), a company discovering and developing new offerings in human healthcare and wellness, in the pricing of its initial public offering of 1,500,000 shares of its common stock at a public offering price of $3.00 per share. The shares began trading on the NYSE American Market on September 16, 2024, under the ticker symbol “IBO”.
The Sichenzia Ross Ference Carmel LLP team was led by partner Darrin Ocasio and associate Jesse Blue.
Sichenzia Ross Ference Carmel LLP Represents Tenon Medical Inc. in a $4.5 Million Public Offering Priced At-The-Market Under Nasdaq Rules
New York, NY – September 16, 2024 – Sichenzia Ross Ference Carmel LLP announced that it has represented Tenon Medical, Inc. (“Tenon” or the “Company”), a company transforming care for patients suffering with certain sacroiliac joint (SI Joint) disorders in a $4.5 million public offering.
The SRFC team was led by partners Ross Carmel, Jeff Wofford and counsel Jeff Hua.
A.G.P./Alliance Global Partners acted as the sole placement agent for the Offering.
Sichenzia Ross Ference Carmel LLP Represents Vuzix Corporation in $20 million Private Placement Offering with Strategic Investor
Press Release – New York, NY – September 16, 2024 – Sichenzia Ross Ference Carmel LLP today announced that it represented Vuzix Corporation (NASDAQ: VUZI), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, in a private placement with a strategic investor. The private placement is for the sale by Vuzix of up to $20 million of common stock and Series B Preferred Stock in three tranches.
The initial closing under the private placement, in which the company sold $10 million of common stock, occurred on September 13, 2024. The second and third closings, each for the sale of $5 million of Series B Preferred Stock, will be tied to certain milestones. The Sichenzia Ross Ference Carmel LLP team was led by partners Gregory Sichenzia, Thomas Rose and Jeff Cahlon and associate Rohini Sud.
Sichenzia Ross Ference Carmel LLP represents BriaCell Therapeutics in $8.5 Million Offering
Press Release – New York, NY – September 12, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented BriaCell Therapeutics Corp. (NASDAQ: BCTX, BCTXW) (TSX: BCT) , a clinical-stage biotechnology company that develops novel immunotherapies to transform cancer care, in its registered offering of 12,325,000 common shares. Each common share was sold at an offering price of $0.69 per share for gross proceeds of approximately $8.5 million.
The SRFC team was led by partners Gregory Sichenzia and Avital Perlman, and associates Christian Lichtenberger and Benasz Hansotia.
Sichenzia Ross Ference Carmel LLP Represents NuZee, Inc. in Two PIPE Transactions Totaling $4.3 Million
Press Release – New York, NY – September 11, 2024 – Sichenzia Ross Ference Carmel LLP announced that it has represented NuZee, Inc. in two recent PIPE transactions, resulting in gross proceeds of approximately $4.3 million. In the first PIPE transaction, the Company sold approximately $3 million of its common stock, which closed on July 18, 2024. In the second PIPE transaction, the Company sold $1.3 million of convertible notes, which closed on September 10, 2024.
The SRFC team was led by partner Huan Lou and associates Martryn Mak and Bonnie Bai.
Sichenzia Ross Ference Carmel LLP Represents WallachBeth Capital LLC and Revere Securities LLC in the $9 Million Initial Public Offering of Trident Digital Tech Holdings Ltd.
New York, NY – September 12, 2024 – Sichenzia Ross Ference Carmel LLP announced that it has represented WallachBeth Capital LLC and Revere Securities LLC in an initial public offering of Trident Digital Tech Holdings Ltd., comprised of 1,800,000 American Depositary Shares (“ADSs”).The ADSs are expected to begin trading on the Nasdaq Capital Market on September 10,2024, under the symbol “TDTH.” The closing of the Offering is expected to occur on September 11,2024, subject to the satisfaction of customary closing conditions.
WallachBeth Capital LLC acted as the Lead Underwriter for the Offering and Revere Securities LLC acted as the Co-Manager for the Offering. The WallachBeth team was led by Doug Bantum, Gene McNeill and Ken Bantum. The Revere team was led by Adam Cavise and Jack Chen.
The SRFC team was led by partners Ross Carmel, Barry Biggar and associate Bonnie Bai.
Sichenzia Ross Ference Carmel LLP Represents EF Hutton in the $4 Million Private Placement of Solidion Technology, Inc.
New York, NY – September 11, 2024 – Sichenzia Ross Ference Carmel LLP announced that it has represented EF Hutton as exclusive placement agent for the $4 million private placement from Solidion Technology, Inc.
The EF Hutton team was led by David Boral, Gaurav Verma and Mark Iorio.
The SRFC team was led by partner Ross Carmel.
Sichenzia Ross Ference Carmel LLP Represents Joseph Gunnar & Co., LLC in $0.4 Million Registered Direct Offering of Eastside Distilling
Press Release – New York, NY – September 6, 2024 – Sichenzia Ross Ference Carmel LLP announced that it has represented Joseph Gunnar & Co.as exclusive placement agent for the $0.4 million registered direct offering from Eastside Distilling.
The Joseph Gunnar & Co. team was led by Chairman & Chief Executive Officer Joseph Alagna, Managing Director Peter Serra and Vice President Vincent Miscioscia.
The SRFC team was led by partners Ross Carmel and Matt Siracusa and associate Christian Lichtenberger.
Sichenzia Ross Ference Carmel LLP Represents Qualigen Therapeutics, Inc. in $3.47 Million Public Offering
Press Release – New York, NY – September 6, 2024 – Sichenzia Ross Ference Carmel LLP announced that it has represented Qualigen Therapeutics, Inc. in the pricing of its $3.47 million public offering.
Univest Securities, LLC acted as the exclusive placement agent for the offering, led by Bradley Richmond.
The SRFC team was led by partner Ross Carmel and associates Bonnie Bai and Jesse Blue.
Sichenzia Ross Ference Carmel LLP Represents 60 Degrees Pharmaceuticals, Inc. in $4 Million Private Placement Priced At-the-Market Under Nasdaq Rules
Press Release – New York, NY – September 4, 2024 – Sichenzia Ross Ference Carmel LLP announced that it has represented 60 Degrees Pharmaceuticals, Inc. (“60P”) in its $4 million private placement priced at-the-market (ATM) under Nasdaq rules.
H.C. Wainwright acted as the exclusive placement agent for the private placement.
The SRFC team was led by partners Ross Carmel, counsel Jeff Hua and associate Tong Wu.
Sichenzia Ross Ference Carmel LLP represents Virax Biolabs Group Limited in a $5 Million Registered Direct Offering
Press Release – New York, NY – August 23, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented Virax Biolabs Group Limited (NASDAQ: VRAX) (“Virax”), an innovative biotechnology company focused on the detection of immune responses and diagnosis of viral diseases, in a $5 million registered direct offering to certain institutional investors.
Virax issued an aggregate of 1,108,892 of its ordinary shares at a purchase price of $4.50 per share.
H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.
The SRFC team was led by partners Greg Sichenzia, Barrett DiPaolo and Matt Siracusa and associate Benasz Hansotia
Sichenzia Ross Ference Carmel LLP Represents Wilson-Davis & Co., Inc. in $11.25 Million Initial Public Offering of Ordinary Shares of JBDI Holdings Limited
Press Release – New York, NY – August 29, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented Wilson-Davis & Co., Inc. in a $11.25 million initial public offering of ordinary shares of JBDI Holdings Limited (NASDAQ: JBDI), a leading provider of environmentally friendly and efficient reconditioning and recycling services for drums and containers in Singapore and Southeast Asia. The initial public offering consisted of 1,750,000 ordinary shares issued and sold by JBDI Holdings Limited and 500,000 ordinary shares by certain selling shareholders at the public
offering price of $5.00 per share.
Wilson-Davis & Co., Inc. acted as lead underwriter and representative for the offering.
The Sichenzia Ross Ference Carmel LLP team was led by partners Benjamin Tan and Matthew Siracusa.
Sichenzia Ross Ference Carmel LLP Represents Aegis Capital Corp. in $20 Million PIPE and Warrant Exercise of Uber and NVIDIA-backed Serve Robotics Inc.
New York, NY – August 28, 2024 – Sichenzia Ross Ference Carmel LLP announced that it has represented Aegis Capital Corp. as exclusive placement agent in connection with a securities purchase agreement resulting in gross proceeds of $20 million to Serve Robotics Inc. (Nasdaq: SERV). Backed by Uber and NVIDIA, Serve Robotics develops advanced, AI-powered, low-emissions sidewalk delivery robots that endeavor to make delivery sustainable and economical. Serve Robotics was spun off from Uber in 2021. The transaction closed on August 28, 2024.
Serve Robotics completed a private placement to a single institutional investor of pre-funded warrants to purchase up to 555,555 shares of the company’s common stock, together with a warrant to purchase up to 555,555 shares of common stock at an exercise price of $10.00 per share. Each unit of pre-funded warrant and common warrant was sold at a purchase price of $9.00. The common warrants are exercisable upon issuance and will expire five and a half years from the date of issuance.
In addition, Serve Robotics agreed with a single institutional investor to exercise for cash certain outstanding warrants to purchase an aggregate of 2,500,000 shares of Common Stock at their original exercise price of $6.00 per share, for gross proceeds of $15 million. In consideration for such exercise, the investor received, in a private placement, new warrants to purchase up to 2,200,000 shares of common stock with an exercise price of $10.00 per share. These new warrants are exercisable upon issuance and will expire five and a half years from the date of issuance.
Aegis Capital Corp. acted as the exclusive placement agent for the transaction.
The Firm previously represented Aegis Capital as exclusive placement agent in a $15 million private placement offering by Serve Robotics of common stock warrants and pre-funded common stock warrants in July 2024; as the sole book-running manager in Serve Robotics’ $40 million underwritten public offering of common stock and uplisting to Nasdaq in April 2024; and as co-placement agent in Serve Robotics’ $15.7 million “APO” reverse merger and private placement in July – October 2023. The Firm also represented Laidlaw & Company (UK) Ltd. as co-placement agent in a $3 million convertible note bridge financing for Serve Robotics in April 2023.
The SRFC team was led by partners Gregory Sichenzia, Barrett DiPaolo and Matthew Siracusa and associate Benjamin Sklar.
Sichenzia Ross Ference Carmel LLP Represents Cathay Securities, Inc. in the $8.5 million IPO of Reitar Logtech Holdings Limited
New York, NY – August 27, 2024 – Sichenzia Ross Ference Carmel LLP today announced that it represented Cathay Securities, Inc. in the $8.5 million IPO of Reitar Logtech Holdings Limited (Nasdaq: RITR) (the “Company”), a comprehensive logistics solutions provider in Hong Kong.
Cathay Securities, Inc. is acting as sole book runner and lead underwriter for the Offering. The Cathay Securities team was led by Shell Li.
The SRFC team was led by partners Ross Carmel, Barry Biggar and associate Bonnie Bai.
