$40 Million Initial Public Offering of Innovated Public Acquisition Company

Represented innovated public acquisition company (IPAC) CIS Acquisition Ltd. in a $40 million initial public offering of common stock and warrants. This was the second IPAC offering closed since Loeb & Loeb’s Capital Markets team introduced the new financing structure in 2011. IPACs operate like the familiar special purpose acquisition company but offer increased flexibility on pricing a more rapid transaction cycle.