Practice Capabilities
Loeb & Loeb is widely recognized as a leader in representing issuers and underwriters in initial and secondary public offerings. Underpinning our success is a steadfast dedication to efficient, effective service that achieves our clients’ business objectives.
We are also innovators. Our teams have pioneered alternative public offering structures such as Special Purpose Acquisition Company (SPAC) offerings and reverse mergers. We worked on some of the earliest deals on Wall Street and have helped numerous companies grow through these types of investment vehicles. Loeb & Loeb paved the way for some of the first private Chinese companies to be listed on US stock exchanges, including the first reverse merger company listed on the New York Stock Exchange and the first Chinese company listed on the American Stock Exchange.
Special Purpose Acquisition Companies (SPACs) have gained credibility in the capital markets arena due to their ability to deliver market performance and to successfully complete business combinations in a relatively short period of time. Loeb & Loeb has been at the forefront of SPAC transactions, representing both issuers and underwriters in innovative deals that have contributed to their structural evolution. For example, we completed the first SPAC liquidation for China Mineral Acquisition Corp. and obtained a pivotal extension of time with the SEC for Great Wall Acquisition Corp. Our attorneys frequently speak at industry events on the latest SPAC deal structures and serve as resources for the media who cover the securities market and trends.
Other accomplishments include:
- Gaining SEC acceptance of Loeb’s position that once a SPAC’s status became that of a “foreign private issuer,” the SEC should no longer review the preliminary proxy materials for Shanghai Century Acquisition Corp.
- Creating the first “dividend yield” SPAC in existence for Seanergy Maritime Corp.
- Designing and completing the first sponsor private placement for Star Maritime Acquisition Corp.
Reverse mergers are also a regular part of our corporate and securities practice. With going public more extensive and more complicated in the Sarbanes-Oxley era, we have helped numerous clients effect reverse mergers as a faster and more cost-effective way to achieve the same objectives. In one noteworthy example, we represented AOBO in a reverse merger, following which it became the first Chinese company to be traded on the New York Stock Exchange (in 2006).
Clients and Industries
We represent a diverse and growing clientele of issuers in industries including: minerals, shipping, paper products and packaging, securities, information technology, energy, media and advertising, chemical and oil tankers.
Service Approach
Our corporate and securities attorneys collaborate with their colleagues from other departments and practice groups—including Intellectual Property; Tax; Corporate Governance, Compliance, Due Diligence and Investigative Services; Labor and Employment, including Employee Benefits—to meet our clients’ various needs, including successfully meeting the important challenges and obligations associated with being a public company.
Leadership in Law
Our achievements and rankings attest to our leadership role. For example, IPO Vital Signs, an IPO information database, ranked Loeb & Loeb #4 in the U.S. for IPO law firms representing issuers that closed in 2008. Loeb & Loeb also placed #7 in the U.S. for combined IPO count representing issuers and underwriters. Securities Practice Group Chair, Mitchell Nussbaum, ranked #2 among IPO lawyers based on the number of completed IPOs representing issuers and underwriters in 2008, according to IPO Vital Signs’ Leadership Rankings.