Implications of United States Broker-Dealer Regulations on Securities Tokens Transactions

Introduction Security token transactions have become rather common in day-to-day operations with regard to both initial private and public offerings and secondary markets. As a result of the active position of the United States Securities and Exchange Commission (the “SEC”) in setting the regulatory framework for securities offerings by means of distributed ledger technology, blockchain […]

CMD represents WallachBeth Capital in the IPO of Guardion Health Sciences Inc. on to the Nasdaq

NEW YORK, NEW YORK, April 5, 2019 – Carmel, Milazzo & DiChiara LLP represents WallachBeth Capital as underwriter for the IPO of Guardion Health Sciences Inc. (“Guardion”) (Nasdaq: GHSI)

Guardion Health Sciences Inc. (“Guardion”) (Nasdaq:GHSI), an ocular health sciences and technologies company that develops, formulates and distributes condition-specific medical foods and testing technologies supported by evidence-based protocols.

The Unjustified Fear of Utility Tokens

Raising capital through tokens, whether it’s an investment strategy or a form of “Kickstarter” type sale of future products, is currently not even a novelty. Yet, surprisingly enough, World Blockchain Forum’s panel discussions, the recent publications and blogs, reveal the tendency of abandoning the very idea of utility tokens because of their alleged incompatibility with […]

CMD with co-counsel has filed a lawsuit against Walmart on behalf of Ecoark Holdings, Inc. and Zest Labs, Inc. seeking over $2 billion in damages.

SAN JOSE, Calif., Aug. 01, 2018 (GLOBE NEWSWIRE) — Zest Labs™, an AgTech company modernizing the post-harvest fresh food supply chain, today announced that it and Ecoark Holdings, Inc. (OTCQX: ZEST), its parent company, have filed a complaint against Walmart in the United States District Court for the Eastern District of Arkansas, Western Division. The […]

CMD represents Alexander Capital and WallachBeth Capital in the IPO of Summit Semiconductor, Inc. on to the Nasdaq

NEW YORK, NEW YORK, July 27, 2018 — Summit Semiconductor, a technology company that delivers the wireless immersive sound experience with patented technology supporting the WiSA™ (Wireless Speaker and Audio) interoperability standard, announced the pricing of its initial public offering of 2,400,000 shares of its common stock at an initial offering price of $5.00 per […]

CMD represents Network 1 Financial in the IPO of Hancock Jaffe Laboratories Inc. on to the Nasdaq

Hancock Jaffe Laboratories, which is developing bioprosthetic devices for cardiovascular surgeries, raised $8 million by offering an upsized 1.5 million units at $5, below $6 to $8 range. The company initially filed to raise $8 million by offering 1.2 million units at the same range. Each unit consists of one share of common stock and […]

Carmel, Milazzo & DiChiara LLP client CTT Pharmaceutical (OTC: CTTH) receives strategic investment from Aurora Cannabis (TSE: ACB), one of the largest cannabis companies in the world

Aurora Cannabis Inc. (“Aurora” or the “Company”) (TSX: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) and CTT Pharmaceutical Holdings Inc. (“CTT”) (US-OTC: CTTH) today announced that Aurora is acquiring an initial 9.14% ownership interest in CTT via way of a non-brokered private placement in the form of a US$1 million 5% convertible debenture. The agreement […]

CMD Partner Ross D. Carmel Wins Over $2.7 Million in Damages, Including Punitive Damages

Press Release – New York, NY – December 12, 2017 – Securities and corporate law firm Carmel, Milazzo & DiChiara LLP announced today that attorney Ross D. Carmel successfully represented four clients in an AAA Arbitration which awarded over $2.7 million dollars in damages. The underlying case involved four former employees, who were also investors […]