Insights on Corporate & Securities

Schiff Hardin LLP acted as counsel to the placement agent in Dogness (International) Corporation’s $3.96 million registered direct offering.

Schiff Hardin LLP acted as underwriter’s counsel for Unicycive Therapeutics’ $25 million initial public offering.

Schiff Hardin LLP acted as counsel to Good Works II Acquisition Corp. in its initial public offering of 23,000,000 units, which included the full exercise of the underwriters’ over-allotment option, at a price to the public of $10 per unit.

Schiff Hardin LLP counseled the underwriter for Moving iMage Technologies Inc.’s $14.5 million initial public offering.

Schiff advised Altaris Capital Partners, LLC on its acquisition of Padagis LLC, formerly the generic prescription pharmaceuticals business of Perrigo Company plc, for $1.55 billion.

Arent Fox has advised Owl Ventures on three recent funding investments.

Elizabeth Holmes, founder and ex-CEO of now-defunct blood testing start-up Theranos, is once again making headlines, this time for her upcoming criminal trial and related court proceedings.

World Commerce & Contracting

Altaris Capital Partners, LLC has announced that it has entered into an agreement to sell Paramit Corporation to The Tecan Group for $1 billion.

Schiff Hardin LLP advised Antelope Enterprise Holdings, Ltd. on a registered direct offering of securities with gross proceeds of approximately $3.18 million.

The 2021 edition of Legal 500 US has rated 49 Arent Fox LLP attorneys as national leaders in their field. In addition, 16 of the firm’s practice areas were ranked among the best in the country.

Schiff Hardin represented Houston Wire & Cable Company (HWCC) in its agreement to be acquired by OmniCable, LLC for $91 million. HWCC is one of the largest distributors of wire, cable, and fastener products in the U.S. The transaction is expected to close in the second quarter of 2021.

Schiff Hardin LLP advised Maxim Group, LLC on Blue Safari Group Acquisition Corp.’s $50 million initial public offering of 5 million units at $10 per unit.

Schiff Hardin LLP is pleased to announce that four of the firm’s practice groups have been recognized in The Legal 500 United States 2021 guide, which provides a nationwide analysis of law firms that provide cutting-edge and innovative advice.

Schiff Hardin LLP advised Orbsat Corp, a global provider of communication solutions for connectivity to the world through next-generation satellite technology, on its public offering of 2.8 million units at a price to the public of $5 per unit.

On June 1, 2021, the Illinois General Assembly passed S.B. 2017, implementing the State of Illinois budget for the 2022 fiscal year, which Governor J.B. Pritzker is expected to sign. The bill includes several material changes to Illinois state taxes affecting many businesses.

Arent Fox is pleased to announce that Real Estate and Corporate Partner Kelli Scheid Smith has been named among the 2021 “Top Women Lawyers” in California by the Daily Journal as a result of her impressive track record of success on behalf of clients as well as her efforts in the pro bono arena.

Chambers USA: America’s Leading Lawyers for Business has recognized 42 Arent Fox LLP attorneys as leaders in their field.

Schiff Hardin LLP acted as counsel to the placement agent in connection with Senmiao Technology Limited’s registered direct offering of approximately $6.5 million of its common stock.

Arent Fox is pleased to announce the expansion of its Corporate & Securities practice with the addition of Partner Jonathan P. Bagg. Jonathan represents senior and mezzanine lenders, corporate borrowers, and financial sponsors in connection with a wide variety of financing transactions, including me

Schiff Hardin LLP acted as counsel to the placement agent in connection with Canaan Inc.’s $170 million registered direct offering of its American Depositary Shares.

Schiff Hardin LLP advised the placement agent in connection with Blue Hat Interactive Entertainment Technology’s registered direct offering with two institutional investors, for the purchase and sale of more than 6 million of its ordinary shares at a price of $0.90 per share, resulting in total gross proceeds of approximately $5.66 million.

Arent Fox is pleased to announce the expansion of its Corporate & Securities practice with the addition of business law partner Stephen P. Hanson in the firm’s New York office. For 25 years, Steve has represented clients in the areas of private equity, mergers and acquisitions, venture capital and e

Schiff Hardin served as deal counsel to Deringer-Ney in its acquisition of the business and assets of Hoyt Corporation, which was completed on April 30, 2021.

Arent Fox Associate Megan (Woodward) Daily spoke as part of the online seminar series “Understanding The Fundamentals of Nonprofit Organizations: An 8-Part Business Law Course For Nonprofit Leaders.”