Daily Journal
Stradling attorneys are helping two San Diego based biotechnology companies go public.
Daily Journal
Stradling attorneys are helping two San Diego based biotechnology companies go public.
On 15 November 2012, the Listing and Surveillance Committee of the NASDAQ OMX Tallinn Stock Exchange decided to accept the application by AS Pro Kapital Grupp and to admit the company’s shares to trading on the Secondary List of NASDAQ OMX Baltic Market. The first day of trading in the shares of AS Pro Kapital Grupp was Friday, 23 November 2012.
TARK GRUNTE SUTKIENE team, led by partner Risto Vahimets and senior associate Andres Siigur, advised AS Pro Kapital Grupp on the admission of its shares to trading on the Secondary List of NASDAQ OMX Baltic Market.
On December 12, 2012, Vikram Dhir and James Speakman of our Corporate Finance & Securities Group acted in the completion of PIRET’s $50 million public offering of 10,530,000 trust units, on a bought deal basis at $4.75 per unit. PIRET is listed on the TSX under the symbol AAR.UN.
On July 10, 2012, James Speakman and Vikram Dhir, with assistance from Craig Rollins, completed a $50m initial public offering for Pure Multi-Family REIT LP. The funds will be used to acquire an initial portfolio of 390 residential units in Dallas and Fort Worth, Texas. This is expected to be the only publicly-traded vehicle in Canada to offer investors exclusive exposure to U.S. multi-family real estate assets. Clark Wilson provided all of the securities and structuring for the transaction.
AB Klaipėdos Nafta has selected TARK GRUNTE SUTKIENE as its legal counsels and successfully distributed its newly issued shares offered to its existing shareholders, which were admitted to trading on the Lithuanian regulated market at the beginning of July 2012.
TARK GRUNTE SUTKIENE partner Vidmantas Drizga, associate partner Agnius Pilipavičius and associate Mantas Gofmanas counselled the company on legal matters in this process. The lawyers structured the transaction, worked out the prospectus on offering the shares of the company and admitting them to the Lithuanian regulated market. They also represented the company before the Bank of Lithuania, AB NASDAQ OMX Vilnius and the Central Securities Depository of Lithuania and carried out all other required actions related to the offering and the admission of the shares to the regulated market.