Company News
The Crone Law Group, P.C. advised TMT Acquisition Corp on its $450 million business combination with eLong Power Holding Limited
Ganzhou, China, November 21, 2024 (GLOBE NEWSWIRE) – The Crone Law Group, P.C. acted as U.S. legal advisor to TMT Acquisition Corp (“TMT”) (Nasdaq: TMTCU, TMTC, and TMTCR), a publicly traded special purpose acquisition company that was acquired by eLong Power Holding Limited (“eLong”) (Nasdaq: ELPW). eLong Power is a provider of high-power battery technologies for commercial and specialty vehicles and energy storage systems. The de-SPAC transaction was valued at $450,000,000.
The business combination was effected through a share exchange and subsidiary merger. At the closing, all of TMT’s non-redeeming shareholders exchanged their TMT shares and publicly traded TMT Rights for eLong’s Class A ordinary shares and TMT was merged into eLong’s Cayman Islands subsidiary. TMT is now a subsidiary of eLong and will be delisting from Nasdaq. As part of the transaction, $7,000,000 was raised through concurrent PIPE financing to fund the business combination and ongoing working capital needs of the combined company.
October 28, 2024
The Crone Law Group, P.C. Announces the addition of Fred Summer, Counsel
New York, NY, Oct. 28, 2024 – The Crone Law Group, P.C. (CLG) is pleased to announce that Fred Summer has joined us as Counsel effective today. Fred joins CLG after 30 years with Squire Patton Boggs. Fred ‘s practice focuses on securities, capital markets, public company advisory services, and mergers & acquisitions.
Fred is also actively involved in various securities regulatory matters including the 1934 Act compliance, broker-dealer regulation, the Investment Company Act of 1940, and the Investment Advisers Act of 1940.
October 18, 2024
Oriental Rise Holdings Limited Announces Closing of $7 Million Initial Public Offering (Nasdaq: ORIS). The Crone Law Group P.C. acted as counsel to the Company.
Ningde, China, Oct. 18, 2024 (GLOBE NEWSWIRE) – Oriental Rise Holdings Limited (“Oriental Rise” or the “Company”) (NasdaqCM: ORIS), an integrated supplier of tea products in mainland China, today announced the closing of its initial public offering (the “Offering”) of 1,750,000 ordinary shares at a public offering price of $4 per share. The ordinary shares began trading on Nasdaq Capital Market under the ticker symbol “ORIS” on October 17, 2024.
October 1, 2024
The Crone Law Group P.C. Announces the addition of Charlotte Westfall, Partner
New York, NY, Oct. 01, 2024 (EIN PRESSWIRE) – The Crone Law Group P.C. (CLG) is pleased to announce that Charlotte Westfall has joined us as Partner effective today. Charlotte ‘s practice focuses on capital markets, public company advisory services and Mergers & Acquisitions.
September 6, 2024
Pheton Holdings Group Ltd. Announces Closing of $9 Million IPO. CLG Acted as Counsel to the Underwriters, Cathay Securities Inc., in Connection with the Offering. (Nasdaq: PTHL)
BEIJING, China, Sept. 06, 2024 (GLOBE NEWSWIRE) – Pheton Holdings Ltd (the “Company” or “Pheton”), a healthcare solution provider specializing in treatment planning systems for brachytherapy and other related products and services, today announced the closing of its initial public offering (the “Offering”) of 2,250,000 Class A ordinary shares at a public offering price of $4.00 per share, for total gross proceeds of $9 million, before deducting underwriting discounts and other related expenses. The Crone Law Group P.C. acted as counsel to the Underwriters in connection with the offering.
August 14, 2024
The Crone Law Group, P.C. Advises TenX Keane Acquisition on its Initial Business Combination with Citius Pharmaceuticals, Inc.
New York, NY. August 14, 2024 – The Crone Law Group P.C. (CLG) acted as advisor for TenX Keane Acquisition, a publicly traded special purpose acquisition company (TenX), in its initial business combination. TenX completed its merger with the oncology subsidiary of Citius Pharmaceuticals, Inc. (Citius Pharma) (Nasdaq: CTXR), a late-stage biopharmaceutical company, on August 12, 2024. TenX now operates as Citius Oncology, Inc. and began trading on the Nasdaq stock exchange under the ticker symbol ‘CTOR’, on August 13, 2024. The merger, including assumed stock options, was valued at $775mm.
“This transaction is a testament to our team’s ability to consistently support our clients with sophisticated counsel and personalized service throughout all phases of their business,” said CLG managing partner, Mark Crone.
The CLG team which advised on the transaction was led by M&A Practice Group Leader Tammara Fort and included of counsel Samara Thomas, associate Patrice Malcolm, and partner Eric Mendelson on capital markets matters.
July 10, 2024
Inspire Veterinary Partners Announces Closing of $6 Million Public Offering (Nasdaq: IVP)
VIRGINIA BEACH, VA, July 10, 2024 (ACCESSWIRE) – Inspire Veterinary Partners, Inc. (Nasdaq: IVP) (“Inspire” or the “Company”), an owner and provider of pet health care services throughout the U.S., today announced the closing of its previously announced public offering of 6,000,000 shares at a public offering price of US$1.00 per share. Gross proceeds from the offering, before deducting the placement agent’s fees and other offering expenses, were approximately $6.0 million. The Crone Law Group P.C. represented Spartan Capital Securities LLC, the sole placement agent in connection with the offering.
July 3, 2024
Datasea Inc. Announces Closing of $2.25 Million Registered Direct Offering (Nasdaq: DTSS)
Beijing, July 3, 2024 (PRNewswire) – Datasea Inc., (Nasdaq: DTSS) (“Datasea” or the “Company”), a Nevada corporation engaged in innovative businesses in high-tech intelligent acoustics and 5G-Artificial Intelligence (“AI”) multimodal communication technology in the United States and China, today announced the closing of its previously announced registered direct offering with a certain institutional investor, pursuant to which the Company sold 692,308 shares of its common stock (or common stock equivalents in lieu thereof) at an offering price of $3.25 per share of common stock (or common stock equivalents in lieu thereof) in a registered direct offering. The Crone Law Group P.C. represented EF Hutton LLC, the exclusive placement agent in connection with the offering.
April 18, 2024
Top Wealth Group Holding Limited Announces Closing of $8 Million Initial Public Offering (Nasdaq: TWG)
Hong Kong, April 18, 2024 (GLOBE NEWSWIRE) – Top Wealth Group Holding Limited (the “Company” or “Top Wealth”), a Hong Kong-based supplier of luxury caviar products, today announced the closing of its initial public offering (the “Offering”) of 2,000,000 ordinary shares at a public offering price of US$4.00 per ordinary share. The ordinary shares began trading on the Nasdaq Capital Market on April 16, 2023, under the ticker symbol “TWG.” The Company received aggregate gross proceeds of US$8 million from the Offering. The Crone Law Group P.C. represented the Revere Group, the sole underwriter for the Offering.
February 23, 2024
Wetouch Technology Inc. Announces Closing of $10.8 Million Public Offering of Common Stock (Nasdaq: WETH)
Meishan, Sichuan, China, Feb. 23, 2024 (GLOBE NEWSWIRE) – Wetouch Technology Inc. (“Wetouch” or the “Company”), (Nasdaq: WETH) successfully closed an underwritten public offering, raising $10.8 million through the sale of 2,160,000 shares at $5.00 per share. The Company plans to utilize the proceeds for various purposes, including the construction of a new factory, research and development, and working capital. The Crone Law Group P.C. acted as counsel to Wetouch.
February 13, 2024
Inspire Veterinary Partners Announces Closing of $4.0 Million Public Offering (Nasdaq: IVP)
Virginia Beach, VA, Feb. 13, 2024 (ACCESSWIRE) – Inspire Veterinary Partners, Inc. (NASDAQ:IVP) (“Inspire” or the “Company”), an owner and provider of pet health care services throughout the U.S., today announced it has closed its previously announced public offering of shares of Class A common stock for gross proceeds of approximately $4.0 million, prior to deducting placement agent fees and other offering expenses payable by the Company. The Company intends to use the net proceeds from this offering for strategic acquisitions, the engagement of external, third-party marketing and business consultants, working capital and general corporate purposes. The Crone Law Group P.C. acted as counsel to Inspire.
December 11, 2023
Red Cat Holdings Inc. Announces Closing of $9.2 Million Public Offering (Nasdaq: RCAT)
San Juan, Puerto Rico, Dec. 11, 2023 (GLOBE NEWSWIRE) – Red Cat Holdings, Inc. a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced the closing of its previously announced public offering of 18,400,000 shares of its common stock at a public offering price of $0.50 per share for gross proceeds of $9,200,000. The Crone Law Group P.C. acted as counsel to the Underwriters in connection with the offering.
December 5, 2023
Garden Stage Limited Announces the Closing of $11,500,000 IPO (Nasdaq: GSIW)
Hong Kong, Dec. 5, 2023 (GLOBE NEWSWIRE) – Garden Stage Limited, a Hong Kong-based financial services provider, announced the closing of its initial public offering of 2,875,000 ordinary shares at a public offering price of US$4.00 per ordinary share. The gross proceeds were $11,500,000. The Crone Law Group P.C. acted as counsel to the Underwriters in connection with the offering.
August 31, 2023
Inspire Veterinary Partners, Inc. Announced the Closing of a $6,400,000 IPO (Nasdaq: IVP)
New York, Aug. 31, 2023 – Inspire Veterinary Partners, Inc (Nasdaq: IVP) (“Inspire” or the “Company”) an owner and provider of pet health care services throughout the US, closed its initial public offering of 1,600,000 shares of common stock at a public offering price of $4.00 per share. The gross proceeds of the offering were $6,400,000. CLG acted as counsel to Inspire.
August 10, 2023
Fitell Corporation Announces the Closing of $15,000,000 IPO (Nasdaq: FTEL)
New York, Aug. 10, 2023 – Fitell Corporation (Nasdaq: FTEL) an online retailer of gym and fitness equipment in Australia, announces the closing of its initial public offering of 3,000,000 ordinary shares, at a public offering price of $5.00 per ordinary share. The gross proceeds of the offering were $15,000,000. CLG acted as U.S. counsel to the company.
August 10, 2023
OTC Markets Group Designates The Crone Law Group P.C. as an OTCQB and OTCQX Sponsor
New York, Aug. 10, 2023 – The Crone Law Group P.C. is approved by OTC Markets Group to act as a sponsor for companies to be quoted in the OTCQX and OTCQB markets. CLG is proud to become an OTCQB and OTCQX sponsor. CLG is now among a select number of law firms worldwide designated as an OTCQB and OTCQX sponsor on OTC Markets in New York.
April 16, 2023
Golden Heaven Group Holdings Ltd. Announces $7,000,000 IPO, CLG is Acting as Counsel to the Underwriters in Connection with the Offering. (Nasdaq: GDHG)
New York, April 16, 2023 – Golden Heaven Group Holdings Ltd. an amusement park operator in China, has announced the closing of its initial public offering of 1,750,000 ordinary shares at a public price of $4.00 per ordinary share. The gross proceeds of the offering are approximately $7,000,000. CLG is acting as counsel to the underwriters in connection with the offering. (Nasdaq: GDHG)
March 30, 2023
TMT Acquisitions Corp. Announces $60,000,000 IPO, CLG Acted as Issuer’s Counsel to TMT Acquisitions Corp. (Nasdaq: TMTCU)
New York, March 30, 2023 – TMT Acquisitions Corp. a newly incorporated blank check company incorporated as a Cayman Islands, exempted company announced the closing of its registered direct offering in the amount of $60,000,000. CLG acted as issuer’s counsel to TMT Acquisitions Corp. (Nasdaq: TMTCU)
March 27, 2023
CBL International Limited – Announces Closing of US$13,300,000 IPO (Nasdaq: BANL)
New York March 27, 2023 – CBL International Limited a marine fuel logistics company announced the closing of its registered direct offering in the amount of $13,300,000. CLG acted as counsel to Pacific Century Securities, LLC. as the lead book-running manager of this offering.
March 7, 2023
The Crone Law Group Sponsors the 35th Annual ROTH Conference
New York, March 7, 2023 /EINPresswire.com/ – The Crone Law Group P.C. is proud to announce its attendance as an event sponsor at the 35th annual ROTH Conference being held on March 12-14, 2023, at the Ritz-Carlton Niguel in Dana Point, California.
February 6, 2023
Crone and Aboudi Join Forces to Form Crone Law Group Israel
Bringing international resources to the Israeli market and providing expanded services globally to meet demand
NEW YORK, Feb. 5, 2023 (GLOBE NEWSWIRE) — via InvestorWire — The Crone Law Group, P.C. (CLG) with offices in North America and China, and David Aboudi Adv., operating in Israel and the United States, jointly announce today that they have formed Crone Law Group Israel. Based in Tel Aviv, Crone Law Group Israel, with its diverse international clientele, brings global resources, in-depth experience and sophistication in international business and capital markets and U.S. corporate securities to Israel, to meet the local growing demand for such services.
October 14, 2022
TenX Keane Acquisition Announces Closing of $66 million IPO (Nasdaq: TENKU)
New York, Oct. 14, 2022 – Crone Law Group acted as counsel to TenX Keane Acquisition (Nasdaq: TENKU), a newly incorporated blank check company incorporated as a Cayman Islands exempted company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.
September 30, 2022
Aeropost Holding Corporation, Private Placement of up to $10M
New York, Sept. 30, 2022 – Aeropost Holding Corporation | Private Placement of up to $10M (+$10M over-allotment option) | Approximately $5.4M raised through September 30, 2022, | Aegis Capital Corp. acting as Placement Agent
June 10, 2022
EZRaider Co., Private Placement of $880,000 (OTC: EZRG)
EZRaider Co. (OTC:EZRG) | Private Placement of $880,000
May 9, 2022
Psudo Inc., Private Placement of $3M
Psudo Inc. | Private Placement of $3M (including $1M over-allotment option) | Aegis Capital Corp. acted as Placement Agent
April 1, 2022
Makamer Holdings, Inc., Reverse Takeover (OTC: HWIN)
Makamer Holdings, Inc. (OTC: HWIN) | Reverse Takeover of Makamer, Inc.
March 17, 2022
Ultimate Odds Inc., Private Placement
Ultimate Odds Inc. | Private Placement of $150,000
September 7, 2021
Brownie’s Marine Group, Inc. Acquired Submersible Systems, LLC (OTC: BWMG)
Brownie’s Marine Group, Inc. (OTC:BWMG) | acquired Submersible Systems, LLC
July 29, 2021
Grom Social Enterprises, Inc. Acquired Curiosity Ink Media LLC
Grom Social Enterprises, Inc. (NASDAQ:GROM) | acquired Curiosity Ink Media LLC
July 21, 2021
Red Cat Holdings, Inc. Registered Securities Offering of $60M
Red Cat Holdings, Inc. (NASDAQ:RCAT) | Registered Securities Offering of $60M
ThinkEquity, a division of Fordham Financial Management, Inc., acted as sole book-running manager for the offering.
July 15, 2021
FOR IMMEDIATE RELEASE
New York, July 15, 2021– CRONE LAW GROUP ANNOUNCES THE ADDITION OF LIANG SHIH, PARTNER
The Crone Law Group is pleased to announce the addition of Liang Shih!
Liang Shih’s practice is concentrated on SEC-registered initial public offerings and listings on the NYSE, NASDAQ, and the Stock Exchange of Hong Kong, Rule 144A/Regulation S securities offerings, PIPE transactions, and private/exempt offerings. He has extensive experience in the Asia-Pacific region, having worked in Beijing, Shanghai, and Hong Kong from 2007 to 2012. Liang also advises companies and underwriters on compliance matters, including ’34 Act, stock exchange, and FINRA compliance.
Liang has worked with public and private companies in a variety of industries, including media, renewable energy, software, e-commerce, semiconductors, chemicals, telecommunications, education, pharmaceuticals and medical devices, banking, mining, oil and gas, and food and beverage. Prior to joining The Crone Law Group, he has advised on IPO offerings, public and private equity and debt offerings, and compliance matters for ICBC, PetroChina, Little Sheep Group (China’s first F&B brand listed in Hong Kong), New Oriental Education, China Natural Gas, and numerous other companies and underwriters.
Liang received his J.D. degree from Cornell Law School in 2003 and is admitted to practice in New York.
June 28, 2021
Blue Star Foods Corp. Acquired Taste of BC Aquafarms (OTC: BSFC)
Blue Star Foods Corp. (OTC:BSFC) | acquired Taste of BC Aquafarms
June 24, 2021
Blue Star Foods Corp. Private Placement of $3.0M (OTC: BSFC)
Blue Star Foods Corp. (OTC:BSFC) | Private Placement of $3.0M
Newbridge Securities Corporation acted lead placement agent.
June 24th, 2021
Bon Natural Life Limited Initial Public Offering of $11M (Nasdaq: BON)
Bon Natural Life Limited (Nasdaq: BON) | Initial Public Offering of $11M
U.S. Tiger Securities, Inc. and Newbridge Securities Corporation acted as co-lead book running managers, R.F. Lafferty & Co. Inc. acted as the joint lead book running manager, and Ascendant Global Advisors acted as the Company’s Financial Advisor.
June 21, 2021
Grom Social Enterprises, Inc. Follow-On Offering of $11.5M + NASDAQ Uplist (Nasdaq: GROM)
Grom Social Enterprises, Inc. (Nasdaq: GROM) | Follow-On Offering of $11.5M + NASDAQ uplist
EF Hutton, a division of Benchmark Investments, LLC, acted as sole book-running manager and Revere Securities LLC acted as co-manager for the offering.
May 4, 2021
Red Cat Holdings, Inc. Follow-On Offering of $16.0M + NASDAQ Uplist
Red Cat Holdings, Inc. (NASDAQ:RCAT) | Follow-On Offering of $16.0M + NASDAQ uplist
ThinkEquity, a division of Fordham Financial Management, Inc., acted as sole book-running manager for the offering.
January 28, 2021
FOR IMMEDIATE RELEASE
New York, Jan. 28, 2021– CRONE LAW GROUP ANNOUNCES THE ADDITION OF JOE LAXAGUE, PARTNER
The Crone Law Group is pleased to announce the addition of Joe Laxague to our Reno offices!
Joe Laxague is an experienced, reliable, and responsive attorney dedicated to helping businesses reach their goals. He has extensive experience representing small-cap and micro-cap public and private companies. His practice and experience also includes representation of creditors and small business debtors in Chapter 7 and Chapter 11 bankruptcy proceedings, as well as commercial litigation in Nevada’s state and federal courts.
Mr. Laxague has been a member of the Nevada State Bar since 2000. He graduated Magna Cum Laude from University of Notre Dame Law School (J.D. ’00) and Magna Cum Laude from the University of Nevada, Las Vegas (B.S. – Business Administration ’97).
January 28, 2020
FOR IMMEDIATE RELEASE
New York, Jan. 28, 2020 – CRONE LAW GROUP ANNOUNCES THE ADDITION OF ELEANOR OSMANOFF, OF COUNSEL
The Crone Law Group is pleased to announce the addition of Eleanor Osmanoff to our New York offices!
Eleanor Osmanoff is a business transactional attorney with over 15 years of progressive experience in legal field. She started her legal career as a paralegal and gained her knowledge and hands-on learning experience in corporate and securities, intellectual property and commercial litigation, while working in several international law firms, including Dechert LLP. Ms. Osmanoff built on that experience by representing investors in securities dispute resolution through FINRA arbitration at Pace Investors Rights Clinic while completing her law degree.
Prior to joining The Crone Law Group, P.C., Ms. Osmanoff practiced law at the New York offices of CKR Law LLP where she provided comprehensive legal advice to private, public companies and individuals in a broad range of corporate and securities matters and transactions, including company formation, capital market transactions, M&A, securities, commercial transactions, corporate governance and compliance with securities laws. Ms. Osmanoff’ represents a diverse group or clients in a broad array of domestic and cross border matters, focusing her representation in the areas of general corporate, capital market, mergers and acquisitions, securities compliance, private equity and corporate governance. She also provides outside general counsel legal representation to start-up technology and small business companies, advising them on all stages of business life-cycle legal matters, from formation, to developing and implementing an exit strategy.
Ms. Osmanoff graduated with honors from Pace University School of Law and received her B.S. in Legal Studies from Purdue University Global f/k/a Kaplan University. She is a member of New York and New Jersey Bars and a certified mediator in New Jersey. She is also a former professional pianist, and occasionally performs for charities and other non-profit organizations.
January 22, 2019
FOR IMMEDIATE RELEASE
New York, Jan. 22, 2019 – CRONE LAW GROUP ANNOUNCES NEW OFFICE IN BEIJING AND THE ADDITION OF JOHN O’LEARY & MICHAEL SHAFF, OF COUNSEL
Crone Law Group is pleased to announce our new office in Beijing! With the increase of workflow, we have scaled with our clients’ demand.
Additionally, we are pleased to announce the addition of Ron Levy, John O’Leary & Michael Shaff, of counsel, to our growing team of professionals.
MEET JOHN O’LEARY
John O’Leary serves as Of Counsel for Crone Law Group. Mr. O’Leary provides legal guidance to private companies going public through the registration of equity securities pursuant to the Securities Act of 1933 through underwritten initial public offerings and direct public offerings. Mr. O’Leary also advises public companies on reverse merger transactions, debt and equity financing, PIPE transactions, equity line funding, and other various corporate finance transactions. . Mr. O’Leary also advises public companies on change of control transactions, general corporate governance and compliance with stock exchange listings. Mr. O’Leary also prepares reports required to be filed by public companies pursuant to the reporting requirements of the Securities Exchange Act of 1934, including the preparation of Form 14-A proxy statements, annual (Form 10-K), quarterly (Form 10-Q) and current (Form 8-K) reports.
Prior to joining Crone Law Group, Mr. O’Leary was associated with a New Jersey law firm that specialized in securities and corporate related matters.
Mr. O’Leary’s previous experience also includes service as in-house counsel for a full service broker/ dealer and a nationally recognized securities clearing firm, where he provided legal and regulatory advice to senior management, and responded to state and federal regulatory inquires pursuant to the self-regulatory rules of the Financial Industry Regulatory Authority and the Securities and Exchange Commission.
Mr. O’Leary received his Juris Doctor from Quinnipiac University School of Law and received his Bachelor of Business Administration from Temple University.
MEET MICHAEL SHAFF
Mr. Shaff will be joining our Los Angeles office. His practice includes all aspects of federal and state taxation, both on the planning and structuring of financing transactions and debt and equity offerings and in controversy matters with the IRS and FTB. Mr. Shaff practiced tax law for five years in New York City and for three years in another California law firm.
Mr. Shaff also served as a trial attorney with the office of the Chief Counsel of the Internal Revenue Service for three years. Mr. Shaff is certified by the Board of Legal Specialization of the State Bar of California as a specialist in tax law.
He is a member of the California Lawyers Association (Trusts and Estates Section), and the Massachusetts and New York bars. Mr. Shaff is the past chair of the Tax Section of the Orange County Bar Association.
January 22, 2019
FOR IMMEDIATE RELEASE
New York, Jan. 22, 2019 – CRONE LAW GROUP ANNOUNCES THE ADDITION OF RON LEVY, PARTNER
MEET RON LEVY
Ron Levy is a Partner of the firm, with 20+ years of business and legal experience representing investors and companies on a broad range of M&A, Finance, Corporate Governance and Securities regulatory matters on domestic and cross-border transactions as well as certain tax planning matters.
Mr. Levy also has a unique background representing investment banks in connection with financings, FINRA arbitrations and FINRA/SEC regulatory compliance matters, as well as advising fund managers on fund formation, capital raising and ongoing 40 Act and certain tax compliance issues. While Mr. Levy has represented international clients in a wide array of industries, a significant amount of his experience has been in managing, structuring and completing transactions involving companies with international interests, energy, and new energy companies, as well as technology transactions and intellectual property licensing.
Mr. Levy regularly advises clients on transactions to or from the US, U.K., Israel, and Asia and assists these companies on accessing capital, providing resources and bypassing obstacles to growth, while providing tax solutions to investors and companies alike.
During Mr. Levy’s career, he has represented institutional and individual clients from around the world, on hundreds of private finance, PIPE, and registered public offering transactions, as well as divestitures and going private transactions. Some of Mr. Levy’s representative transactions include a $250 Million UK based SPAC IPO in the metals industry, an $80 million buyout of manufacturing facilities in southern Europe, a US IPO and various financings and restructurings of an Australian based energy storage technology company, representation of a Japanese based AMEX listed company in connection with its US and UK divestitures and going private transaction, various financings and NASDAQ listings of Asia based companies, representation of a nanotechnology company in connection with ongoing reporting and financing activities and, the tax restructuring and sale of a major mid-western US asphalt manufacturer and government contractor to a private equity fund.
Mr. Levy is a former partner in the Corporate, Securities and Asia Business Practice groups of Hodgson Russ, LLP.
November 27, 2018
Nerds On Site Closes $4.73-million IPO
Crone Law Group client Nerds On Site Inc., has completed its initial public offering of 13,519,830 units, each unit consisting of a common share and a half warrant, at a price of 35 cents per unit, for gross proceeds of $4.73-million. CLG represents Nerds on Site in its corporate and securities matters and played an instrumental role in securing the financing received pursuant to the IPO. The shares are listed on the Canadian Securities Exchange (CSE) under the symbol NERD and will begin trading on Nov. 28, 2018, at the opening of the market.
November 12, 2018
Blue Star Foods $1.0-million Reverse Merger
On November 8th, 2018, Crone Law Group client Blue Star Foods Corp. completed a reverse merger with A.G. Acquisition Group II, Inc., and closed on a simultaneous private placement of approximately $1.0 Million that consisted of shares of convertible preferred stock and warrants. Blue Star Foods Corp. is based in Miami, FL, and is an international seafood company that imports, packages and sells refrigerated pasteurized crab meat, and other premium seafood products. CLG represents Blue Star Foods Corp. in its corporate and securities matters, and Newbridge Securities Corp. acted as a Financial Advisor to the transaction.