AERKOMM and Nasdaq-Listed IX Acquisition Corp. Announce Merger Agreement and US $35 Million Private Placement

AERKOMM Inc., an innovative satellite technology company providing multi-orbit broadband connectivity solutions, and IX Acquisition Corp, a SPAC focused on the technology, media and telecommunications industries, have entered into a definitive Business Combination Agreement, and raised US $35 million in a private placement, creating a combined business called AKOM Inc. In addition to its Nasdaq…

APAC’s Largest Cold Pressing Oil Plant Australian Oilseeds Begin Trading on Nasdaq

Rimon client, Australian Oilseeds Holdings Limited, a Cayman Islands exempted company and EDOC Acquisition Corp., a publicly-traded special purpose acquisition company announced they have closed their previously announced business combination. The transaction, which was approved on March 5, 2024, by EDOC shareholders, establishes Australian Oilseeds, the largest cold pressing oil plant in Australia and the…

New York Enacts Law Regarding Captive Audience Meetings

On September 6, 2023, New York Governor Kathy Hochul signed the “Captive Audience Bill” into law prohibiting employers from coercing employees into attending or participating in employer sponsored meetings promoting the employer’s view on political, religious, or unionization matters.  The legislation also requires employers to post a sign in every workplace informing employees of their…

Florida Bill that would increase the regulation of third party litigation funding potentially harming small businesses stalls

A bill in the Florida legislature that would increase regulation of third party litigation funding “(Litigation Funding”) has stalled.[1] Sixty seven lobbyists have weighed in on the bill according to the Florida House of Representatives Lobbyist Disclosure and Information website, including the U.S. Chamber of Commerce, the Florida Chamber of Commerce, Burford, the International Legal…

Capital A International, Owner of the Iconic AirAsia Brand, to be Publicly Listed in the U.S. through Business Combination with Aetherium Acquisition Corp

Capital A Berhad (“Capital A”), (Kuala Lumpur Stock Exchange: 5099.KL), announced on Wednesday, February 28, that it had finalized a business combination agreement with Aetherium Acquisition Corp (Nasdaq: GMFI), a Special Purpose Acquisition Company (“SPAC”), to list Capital A International (“CAPI”) in the U.S. public markets. CAPI leverages the expansion, management and licensing of the…

Rimon Law Bolsters International Trade Practice with Four New Attorneys and Launches Export Controls and Economic Sanctions Practice as well as Deepening Customs Expertise

Washington D.C. – Rimon Law is pleased to announce the arrival of Partners Sandra Bell, James Min, Mi-Yong Kim and Associate, Chelsea Ellis. The group adds significant strength and depth to the firm’s International Trade practice. “Rimon has always been international in focus. This group of attorneys deepens our international trade expertise, and we are…