Scarinci Hollenbeck’s New York Securities Offerings Law Group Successfully Assists 8i Enterprises Acquisition Corp. in $50 Million IPO
New York, NY, April 3, 2019 – Scarinci Hollenbeck’s Securities & Investment Banking law group successfully provided legal support to the underwriters of the offering of securities of 8i Enterprises Acquisition Corp. which raised $50 million in an initial public offering (IPO) this week, selling 5 million units at $10 each. If the underwriters of the IPO exercise in full their 45-day option to buy an additional 750,000 units at the IPO price, proceeds would rise to $57.5 million.
Results may vary depending on your particular facts and legal circumstances
8i Enterprises’ units trade on Nasdaq under the symbol JFKKU. The company said each unit consists of one ordinary share, one warrant to purchase one-half of one share, plus one right to receive one-tenth of one share after the consummation of the company’s acquisition of a business entity. Using the proceeds from its IPO, 8i Enterprises is currently looking to acquire a business or business entities located in Asia.
A registration statement relating to the securities being sold in this offering was declared effective by the Securities and Exchange Commission (“SEC”) on March 27, 2019. The offering was made only by means of a prospectus, copies of which may be obtained by contacting Chardan Capital Markets, LLC, 17 State Street, 21st floor, New York, New York 10004. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov.
NYC Securities Offerings Attorneys
The firm’s Securities Offerings law group comprised of Dan Brecher, Paul A. Lieberman and William R. Samuels provided counsel to the IPO’s Underwriters, Chardan Capital Markets, LLC. and Brookline Capital Markets.
“This is the second IPO this year in which we have represented the underwriter and sole-book-running manager, Chardan. The IPO market had been moribund for a number of years, but there has recently been a significant increase in the number of planned IPO’s of size filed with the SEC. This is seen as a good sign for the expansion of the U.S economy,” stated William R. Samuels.
About 8i Enterprises Acquisition Corp.
8i Enterprises Acquisition Corp. is a blank check company formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities. The Company’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region, although the Company intends to focus on operating businesses in Asia. You can learn more about 8i Enterprises’ IPO here.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Business Journal NJBIZ Names Ronald S. Bienstock and William C. Sullivan, Jr. Leaders in Law
Ronald S. Bienstock and William C. Sullivan, Jr. of Scarinci Hollenbeck Recognized as 2025 Leaders in Law by NJBIZ Little Falls, NJ – March 6, 2025 – One of New Jersey’s leading business journals, NJBIZ, has recognized Ronald S. Bienstock, Partner and Chair of the Intellectual Property Group, and William C. Sullivan, Jr., Partner and […]
Scarinci Hollenbeck Named Among 2025 Best Companies to Work For
Scarinci Hollenbeck Named in U.S. News & World Report’s 2025 Best Companies to Work For Law Firms Little Falls, NJ – March 4, 2025 − U.S. News & World Report, the global authority in rankings and consumer advice, has named Scarinci & Hollenbeck, LLC one of the best law firms to work for in its […]
Donald M. Pepe and Donald Scarinci Named to 2025 ROI-NJ Influencers: Law List
ROI-NJ Continues to Feature Donald Scarinci and Donald M. Pepe on Annual Influencers in Law List Little Falls, NJ – February 26, 2025 – Partner and Chair of Scarinci & Hollenbeck, LLC’s Commercial Real Estate Department Donald M. Pepe and Founding & Managing Partner Donald Scarinci have once again been named to ROI-NJ’s Influencers: Law […]
Tax, Trusts and Estates Partner Marc J. Comer and Three Senior Associates Join Scarinci & Hollenbeck, LLC
Tax, Trusts and Estates Partner Marc J. Comer and Three Senior Associates Join Scarinci & Hollenbeck, LLC Little Falls, NJ – February 20, 2025 – Scarinci Hollenbeck, LLC is pleased to announce the addition of one new Partner. The firm also welcomes three Senior Associate attorneys. The expansion strengthens the firm’s capabilities across several practice […]
Scarinci Hollenbeck Attorneys Launch New BNI Chapter in NYC
Pioneering Networking Opportunities: James M. Meaney, Jesse M. Dimitro, and Christopher D. Warren Lead Initiative to Enhance Business Collaboration and Growth New York, NY – February 13, 2025 – Scarinci & Hollenbeck, LLC is proud to announce that James M. Meaney, Jesse M. Dimitro, and Christopher D. Warren have taken the initiative to establish a […]
John M. Scagnelli Speaks at Annual Redevelopment Law Institute
John M. Scagnelli Featured as Panelist on “The Impact that the Proposed Resilient Environments and Landscapes (NJ PACT) Regulations will have on Redevelopment” Little Falls, NJ – January 29, 2025 – Scarinci & Hollenbeck, LLC is proud to announce that Partner John M. Scagnelli, a member of the firm’s Environmental Law section, was recently featured […]
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Sign up to get the latest from our attorneys!
Explore What Matters Most to You.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.
NY Securities Offerings Team Helps 8i Enterprises Go Public
Author: Scarinci Hollenbeck, LLC
Scarinci Hollenbeck’s New York Securities Offerings Law Group Successfully Assists 8i Enterprises Acquisition Corp. in $50 Million IPO
New York, NY, April 3, 2019 – Scarinci Hollenbeck’s Securities & Investment Banking law group successfully provided legal support to the underwriters of the offering of securities of 8i Enterprises Acquisition Corp. which raised $50 million in an initial public offering (IPO) this week, selling 5 million units at $10 each. If the underwriters of the IPO exercise in full their 45-day option to buy an additional 750,000 units at the IPO price, proceeds would rise to $57.5 million.
Results may vary depending on your particular facts and legal circumstances
8i Enterprises’ units trade on Nasdaq under the symbol JFKKU. The company said each unit consists of one ordinary share, one warrant to purchase one-half of one share, plus one right to receive one-tenth of one share after the consummation of the company’s acquisition of a business entity. Using the proceeds from its IPO, 8i Enterprises is currently looking to acquire a business or business entities located in Asia.
A registration statement relating to the securities being sold in this offering was declared effective by the Securities and Exchange Commission (“SEC”) on March 27, 2019. The offering was made only by means of a prospectus, copies of which may be obtained by contacting Chardan Capital Markets, LLC, 17 State Street, 21st floor, New York, New York 10004. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov.
NYC Securities Offerings Attorneys
The firm’s Securities Offerings law group comprised of Dan Brecher, Paul A. Lieberman and William R. Samuels provided counsel to the IPO’s Underwriters, Chardan Capital Markets, LLC. and Brookline Capital Markets.
“This is the second IPO this year in which we have represented the underwriter and sole-book-running manager, Chardan. The IPO market had been moribund for a number of years, but there has recently been a significant increase in the number of planned IPO’s of size filed with the SEC. This is seen as a good sign for the expansion of the U.S economy,” stated William R. Samuels.
About 8i Enterprises Acquisition Corp.
8i Enterprises Acquisition Corp. is a blank check company formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities. The Company’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region, although the Company intends to focus on operating businesses in Asia. You can learn more about 8i Enterprises’ IPO here.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Let`s get in touch!
Sign up to get the latest from the Scarinci Hollenbeck, LLC attorneys!
