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Doug Ellenoff Comments on Updates to the Exempt Offering Ecosystem. Momentum in SPACs Expected to Continue
Doug Ellenoff, the Managing Partner of Manhattan law firm
Ellenoff, Grossman and Schole (EGS), has been involved with the Fintech sector since the early days of the JOBS Act – the legislation that eventually legalized investment crowdfunding. He is not only deeply engaged with online capital formation but is the founder of several Fintech startups including the recently announced
GUARDD – a firm that helps to enable exempt securities to trade on secondary marketplaces.
Additionally, EGS is the leading law firm in the super-hot SPAC sector. As was reported in October, EGS has been involved with 250+ SPACs over the last 18 years, or about half of all such offerings during that period of time. Last year, EGS was involved with 33 of the 59 SPAC offerings.
NextSeed and Republic Discuss Acquisition: See Opportunity in Blockchain, Plan for Global Expansion
NextSeed small business investment platform for an undisclosed amount. NextSeed co-founder and CEO
Youngro Lee became Chief Operating Officer of Republic while remaining CEO of NextSeed Securities for the foreseeable future. The news of the acquisition rocked the US crowdfunding industry as the combination of the two platforms appear to be better positioned to gain market share in the nascent sector of Fintech.
At the time of the announcement, Republic CEO and co-founder
Kendrick Nguyen issued the following statement:
“The NextSeed acquisition is just the latest milestone for Republic as we deliver the most expansive platform of marketplace offerings and investment types for private investors globally.”