AI Transportation Acquisition Corp announced that it priced its initial public offering of 6,000,000 units at $10.00 per unit. The company intends to use the net proceeds to acquire a business focused in the AI transportation industry, specifically on logistics, new energy vehicles, smart parking, on-board chips, AI algorithms, automotive services, and other types of…

OneMedNet Corporation, the leading curator of regulatory-grade Imaging Real World Data announced yesterday that it has completed its previously announced business combination with Data Knights Acquisition Corp. The business combination was approved at a special meeting of Data Knights’ stockholders and the combined company now operates as OneMedNet Corporation (“OneMedNet”). Beginning today,  OneMedNet’s shares of…

Rimon is proud to announce Partner Debbie Klis has been recognized as one of the Top 15 Corporate Attorneys of 2023 by EB5 Investors Magazine. EB5 Investors Magazine is pleased to announce the Top 15 Corporate Attorneys. To be eligible, distinguished attorneys needed to primarily draft offering documents for EB-5 financing. Read more here. Congratulations,…

Authored by Debbie Klis with contributions from Nicole Kalajian and Robin Powers. On August 23, 2023, the Securities and Exchange Commission (“SEC”) issued new final rules that impose significant new requirements on private fund advisers (the “Rules”). [1] The Rules impose limits on awarding preferential rights to certain investors, as well as mandating new disclosure,…

Arena Investors, LP, a $3.5 billion institutional asset manager, announced today that it has entered into agreement to make a convertible debenture and warrant PIPE investment (the “PIPE”) of up to $7 million in connection with the previously announced business combination with Rimon client Australian Oilseeds Holdings Limited. Among the closing conditions set forth in…

Rimon PC client, Canna-Global Acquisition Corp (“Canna-Global”) (NASDAQ:CNGL), a special purpose acquisition company, announced the signing of a definitive Bid Implementation and Business Acquisition Agreement with Sydney-based New Quantum Holdings Pty Ltd. (“New Quantum”), a provider of a vertically integrated technology and infrastructure offering for financial services firms, that will result in New Quantum becoming…

Rimon congratulates its client, Allrites Holdings Pte Ltd. on its agreement to go public via a definitive business combination agreement with a US-listed blank check firm Aura FAT Projects Acquisition Corp. The transaction has an estimated pro forma basis enterprise value for Allrites Holdings Pte. Ltd. of US$92 million. The deal also includes a potential…

Rimon is proud to announce that Partner Debbie Klis has been named a finalist for Equity Capital Markets Lawyer of the Year by Euromoney Legal Media Group’s 2023 Women in Business Law Americas Awards. Winners will be announced at a live gala ceremony in New York on June 6, 2023. The Women in Business Law Awards…

Energem Corp. (“Energem”) (Nasdaq: ENCP, ENCPW), a special purpose acquisition company, announced that it has entered into a definitive $200 million Standby Equity Purchase Agreement (“SEPA”) with YA II PN, Ltd., a Cayman Islands exempt limited partnership managed by Yorkville Advisors Global, LP (the “Investor”), and Graphjet Technology Sdn. Bhd., a Malaysian private limited company…

Rimon client Modulex Modular Buildings Plc (“Modulex”) and PHP Ventures Acquisition Corp. (NASDAQ: PPHP, PPHPR, PPHPU, PPHPW, “PHP”),  a special purpose acquisition company, have announced that they have entered into a definitive agreement for a business combination. After the closing of the transactions contemplated by the business combination agreement, Modulex will become a publicly listed…