Pryor Cashman client Heritage Distilling Holding Company will go public via a SPAC merger agreement with Better World Acquisition Corp. in a deal with a pro forma enterprise value.
Maxim Group LLC, Roth Capital Partners, ​and EF Hutton were named underwriters in the announcement of the upcoming Phoenix Motorcars, Inc. initial public offering.
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Partner Ali Panjwani, a co-chair of Pryor Cashman s
Corporate Group, discussed the volatile markets
with
Law360. Many companies are now drawn to at-the-market offerings, also known as ATMs
as a limited risk avenue for capital. According
to
Law360:
One drawback is that ATM sales are typically smaller than
underwritten public offerings, plus companies don t know how
long it will take to raise desired funds because sales are
strategically timed. Companies that urgently need a specific amount
of cash say $50 million to $75 million within a
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Partner Ali Panjwani, co-chair of Pryor Cashman s Corporate
Group, and associate Eric Wisotsky represented Crown Electrokinetics Corp. as they
closed on a $21.5 million initial public offering and listing on
the Nasdaq Capital Market. As detailed in a press release issued by
the company:
( Crown or the Company ), a leading
smart glass technology company with a patented thin-film solution,
today announced the closing of its previously announced
underwritten public offering of 4,150,000 shares of its common
stock at a public offering price of $4.50 per share. In