We congratulate our client, OneMedNet Corporation, on the announcement of their de-SPAC transaction with Data Knights Acquisition Corp. The transaction will result in a newly combined company named OneMedNet. Upon closing, OneMedNet will continue to be led by its CEO, Mr. Paul Casey, a 40-year public company veteran with a proven track record driving value…

After more than eight months of a lapsed EB-5 Regional Center Program (the “Program”), Senators Charles Schumer (D-NY) and Charles Grassley (R-IA) have agreed on an EB-5 reform bill (the “EB-5 Reform and Integrity Act” or “Act”) that will re-start the Program, as part of the $1.5 trillion Consolidated Appropriations Act of 2022, the omnibus…

Washington D.C. – Rimon is pleased to welcome securities and capital markets Associate Juan Grana to its Washington D.C. office. Mr. Grana joins Rimon from Latham & Watkins LLP, where he was an Associate. Mr. Grana has experience in debt and equity capital markets both U.S. and with foreign issuers. He advises on capital markets…

The financial news since the start of 2022 has contained numerous articles concerning the Securities and Exchange Commission’s (“SEC”) more than 50 proposed rules that Chairman Gary Gensler is considering, representing one of the largest regulatory initiatives by the SEC in decades.  Particularly of note, Gensler emphasized his desire for greater competition and efficiency in…

NEW YORK, Jan. 13, 2022 /PRNewswire/ — Broad Capital Acquisition Corp. (NASDAQ: BRACU, the “Company”) announced today that it closed its $100 million initial public offering of 10,000,000 units at $10.00 per unit. Each unit consists of one share of common stock and one right to receive one-tenth of one share of common stock upon the consummation of…

You were recently named a Top 15 Corporate Attorney by EB5 Investors Magazine. Can you tell me a little bit about EB-5?   EB-5 is an employment-based visa program that provides citizenship to foreign investors in U.S. businesses that create jobs.  Investors are given a temporary green card and can later obtain a permanent green card…

Law360 (November 30, 2021, 3:50 PM EST) — Canna-Global Acquisition Corp., a special purpose acquisition company aiming to create a multinational cannabis operator, began trading Tuesday on the Nasdaq after raising $200 million in an initial public offering, with guidance by Rimon and underwriter’s counsel Schiff Hardin. The blank-check company, which is targeting the cannabis industry and trading…

Kuala Lumpur, Malaysia / November 18, 2021 / Energem Corp. (the “Company”) announced today the closing of its initial public offering of 10,000,000 units at $10.00 per unit. Each unit consists of one Class A ordinary share and one redeemable warrant. Each warrant entitles the holder to purchase one Class A ordinary share at a…

On September 9, 2021, SEC Chairman Gary Gensler revealed the main components of his agenda in a speech before the SEC’s Investment Advisory Committee, which included: 1. Behavioral Design of Online Trading Platforms and use of DEPs Chairman Gensler discussed the “proliferation” of online trading and management apps and robo-advisers, called digital engagement practices (DEPs).…

On July 26, 2021, a senior U.S. Securities and Exchange Commission official, Allison Lee, advised that Chinese companies listed on U.S. stock exchanges must disclose the potential risks associated with the Chinese government interfering in their businesses, as part of their normal reporting requirements. The genesis of SEC’s comment is believed to be the recent…