Posts
April 02 2024
Client Alert: T+1 Settlement is Coming May 28, 2024: What Market Participants Need to Know
Starting on May 28, 2024, the standard settlement date for purchases and sales of registered or freely-trading securities (like stocks and bonds) in the U.S. (meaning the date of the official transfer of securities to the buyer’s account and the cash to seller’s account) will be reduced from “trading day plus two business days”[1] (or T+2) to “trading day plus one business day” (or T+1). Participants in the U.S. capital markets, from buyers and sellers of securities, to broker-dealers, hedge funds and legal counsel, must be aware of and prepared for this important change.
Click here to read the alert.
April 02 2024
Massimo Group announced the pricing of its initial public offering in the amount of $5,850,000. EGS acted as counsel to Massimo Group.
April 01 2024
PainReform Ltd. announced the closing of its Public Offering in the amount of $4,000,000. EG&S acted as counsel to the Placement Agent.
March 31 2024
Integrated Wellness Acquisition Corp., a special purpose acquisition company, and Btab Ecommerce Group, Inc., an e-commerce company, announced that they have entered into a definitive business combination agreement. Upon completion of the Transaction, Integrated Wellness Acquisition Corp. will be renamed Btab Ecommerce Holdings, Inc and is expected to continue to be listed on NYSE. The transaction is valued at approximately $250,000,000. EGS acted as counsel to Integrated Wellness Acquisition Corp.
March 29 2024
Ideal Power, Inc. announced the closing of its Public Offering in the amount of $15,000,000. EG&S acted as counsel to the Placement Agent.
March 27 2024
Ispire Technology Inc. announced the closing of its public offering in the amount of $12,300,000. EGS acted as counsel to Ispire Technology Inc.
March 27 2024
Two, a Cayman Islands exempted company, and LatAm Logistic Properties, S.A., a leading developer, owner and manager of institutional quality, Class A industrial and logistics real estate in Central and South America, announced the closing of their previously disclosed business combination. EGS acted as counsel to Two.
March 25 2024
IB Acquisition Corp. announced the pricing of its initial public offering in the amount of $100,000,000. EGS acted as counsel to I-Bankers Securities, Inc., book-running manager of the offering.