STOCKPICKER4LIFE
3年前
The Law Firm Graubard Miller is Having; Jeffrey M. Gallant , Esq. Handle this transaction. This Attorney is very impressive.
Here is his Bio:
https://www.graubard.com/attorney/gallant-jeffrey-m/?msclkid=fff52dccbb5811ec8f0f70370d9b6da4
Jeff also specializes in Special Purpose Acquisition Companies (SPACs) and is involved in all of Graubard Miller's SPAC transactions
Graubard Miller pioneered the
SPAC in 1993 and has been lead counsel on more SPAC transactions, including IPOs and post-IPO business
combinations, than any other law firm in the United States or abroad
https://profiles.superlawyers.com/new-york/new-york/lawyer/jeffrey-m-gallant/14f15869-9e16-4760-8ef2-d292c164035b.html
With a copy to: Graubard Miller
405 Lexington Avenue
New York, NY 10174
Attn: Jeffrey M. Gallant, Esq.
Email: jgallant@graubard.com
If to YFI: Yacht Finders, Inc.
c/o Ironbound Partners Fund LLC
1080 Fifth Avenue
New York, New York 10180
Attn: Jonathan J. Ledecky
Email: jledecky@hockeyny.com
With a copy to: Graubard Miller
405 Lexington Avenue
New York, NY 10174
Attn: Jeffrey Gallant, Esq.
Email: jgallant@graubard.com
So far I can't seem to find anything on their new name change. I might have to pay to look at more info at the DE. SOS.
STOCKPICKER4LIFE
3年前
New info in the 8-K New Law Firm taking over here.
https://www.otcmarkets.com/filing/html?id=15725519&guid=_RewkqpWCxs2Qth
c/o Graubard Miller
The Chrysler Building
405 Lexington Avenue
New York, New York
10174
(Address of Principal Executive Offices) (Zip Code)
(212) 818-8800
Registrant’s telephone number, including area code:
Graubard Miller:
Info on them.
Graubard Miller is well known for its corporate and securities practice and our work with private funds and emerging growth companies. Since January 1, 1999, our lawyers have assisted publicly traded clients in raising more than $5 billion in public and private debt and equity offerings. In the past decade, we consistently have ranked in the top 10 law firms nationally with respect to the number of public offerings for which we have served as counsel even though other firms in these rankings tend to be far larger than our firm. Innovation in the field is also our strength, with managing partner David Alan Miller being one of the originators of the financial entity called a Specified Purpose Acquisition Company, or “SPAC,” which is now widely used in public financings. Our corporate practice also involves counseling individuals and companies in many industries regarding a wide range of employment matters as well as advising with respect to intellectual property ownership and protection.
https://www.graubard.com/corporate-securities/
Their website: They do big Spac's and Reverse Mergers. Big Equity Raises, IPO's.
Mr. Zen
3年前
Current Report Filing (8-k) March 23 2022 - 04:31PM
The Board appointed Mr. Ledecky as Chief Executive Officer and Chief Financial Officer of the Company and Arnold P. Kling as President, Treasurer and Secretary of the Company.
Jonathan J. Ledecky, 64 years old,has been a co-owner of the National Hockey League’s New York Islanders franchise since October 2014. He also serves as an Alternate Governor on the Board of Governors of the NHL and as President of NY Hockey Holdings LLC.
Arnold P. Kling, 63 years old, has, since 2003, been managing partner for several private equity investment funds focused on early-stage companies whose technologies have the potential to disrupt their targeted markets. Mr. Kling has also been serving as Vice-Chairman of UAV Turbines, Inc., a privately held Florida based micro-turbine engine manufacturer,
STOCKPICKER4LIFE
3年前
Ironbound Partners Fund, LLC
Which now owns the majority of shares is owned by Jon Ledecky.
Ironbound has also made a big investment a company called Ex Parte.
https://www.gaebler.com/VC-Investors-B4C9B1B3-4700-4978-942A-5C92DA348A75-Ironbound-Partners#investments
They were the lead investor in a $7.5 Million Round of Series A stock. Very good investment. They are a private company.
https://www.exparte.com/#/home
Ex Parte is the world’s first company to leverage artificial intelligence and machine learning to predict the outcome of litigation and recommend actions that its customers can take to optimize their odds of winning. The company’s patented Prediction Engine™ forecasts the outcome of cases with approximately 85% accuracy, and its patented Recommendation Engine™ generates data-driven recommendations such as whether to litigate or settle, which claims to assert, where to file or defend a lawsuit, and which attorneys and law firms will provide customers with their best chance of success given their case-specific factors.
Really cool technology.
creede
3年前
More DTC Info:
(thanks again to STOCKPICKER4LIFE)
WHAT IS DTC ELIGIBILITY?
DTC Eligibility means that a public company’s securities are able to be deposited through DTC. DTC is the largest securities depository in the world and holds over thirty-five trillion dollars worth of securities on deposit. DTC accepts deposits of securities from its participants only, who are usually clearing firms. Most brokers clear stock in-house or hire a clearing firm to do so on their behalf. All movements of securities are made to the participant’s account electronically with book-entry adjustments.
Please Contact Us with Your Name, Company Name, Phone, Ticker Symbol and Email address to see if we can help you obtain DTC eligibility or to solve other DTC related issues. We can then provide you with a estimated cost to obtain DTC Eligibility.
If an issuer is not DTC eligible, then its shares cannot be transferred between brokerage accounts electronically, which basically means its shares cannot be traded easily. Major Exchanges such as NYSE and NASDAQ require DTC eligibility. Other Platforms such as the OTC Bulletin Board and the Pink Sheet markets do not. Only a DTC participant can request that DTC make a security eligible. Most large U.S. broker-dealers and banks are DTC participants. Once an issuer has been approved for trading by FINRA, they must apply to DTC for their initial eligibility to trade. If DTC approves the application they will hold all of the issuer’s free-trading street name shares on deposit. As with a Form 15C-211 submission to FINRA , an issuer cannot make a direct application to DTC for eligibility. The issuer must have a relationship with a broker-dealer or other financial institution that is a participant and will sponsor the eligibility process. This firm is also known as the “market-maker”. They will carry the initial position in inventory on behalf of their firm. A current List of DTC Participants (http://www.dtcc.com/downloads/membership/directories/dtc/alpha.pdf) is available on DTC’s web site. The Issuer must also have a transfer agent such as Securities Transfer Corporation that has completed and has on file with DTC a DTC Operational Arrangements Agent Letter, and must also be a participating in DTC’s FAST (Fast Automated Securities Transfer) program.
It is a well-known fact in the securities industry that DTC retains the right to deny a company the ability to use their depository without providing a reason for the denial. Therefore, the eligibility review process should include a clean presentation of facts and documents that meet DTC’s standards. Eligibility requirements include that the securities must be; issued in a transaction registered with the U.S. Securities and Exchange Commission (“SEC”) pursuant to the Securities Act of 1933, as amended (the “Securities Act”); or issued in a transaction exempt from registration pursuant to a ’33 Act exemption, that at the time of the request for DTC eligibility no longer involves transfer or ownership restrictions; or eligible for resale pursuant to Rule 144A or Regulation S under the ’33 Act (and must otherwise meet DTC’s eligibility criteria).
...
https://www.stctransfer.com/dtc-eligibility-information/
Mr. Zen
3年前
Well I enlightened myself
If an issuer is not DTC eligible, then its shares cannot be transferred between brokerage accounts electronically, which basically means its shares cannot be traded easily. Major Exchanges such as NYSE and NASDAQ require DTC eligibility. Other Platforms such as the OTC Bulletin Board and the Pink Sheet markets do not. Only a DTC participant can request that DTC make a security eligible. Most large U.S. broker-dealers and banks are DTC participants. Once an issuer has been approved for trading by FINRA, they must apply to DTC for their initial eligibility to trade. If DTC approves the application they will hold all of the issuer’s free-trading street name shares on deposit. As with a Form 15C-211 submission to FINRA , an issuer cannot make a direct application to DTC for eligibility. The issuer must have a relationship with a broker-dealer or other financial institution that is a participant and will sponsor the eligibility process. This firm is also known as the “market-maker”. They will carry the initial position in inventory on behalf of their firm. A current List of DTC Participants (http://www.dtcc.com/downloads/membership/directories/dtc/alpha.pdf) is available on DTC’s web site. The Issuer must also have a transfer agent such as Securities Transfer Corporation that has completed and has on file with DTC a DTC Operational Arrangements Agent Letter, and must also be a participating in DTC’s FAST (Fast Automated Securities Transfer) program.
It is a well-known fact in the securities industry that DTC retains the right to deny a company the ability to use their depository without providing a reason for the denial. Therefore, the eligibility review process should include a clean presentation of facts and documents that meet DTC’s standards. Eligibility requirements include that the securities must be; issued in a transaction registered with the U.S. Securities and Exchange Commission (“SEC”) pursuant to the Securities Act of 1933, as amended (the “Securities Act”); or issued in a transaction exempt from registration pursuant to a ’33 Act exemption, that at the time of the request for DTC eligibility no longer involves transfer or ownership restrictions; or eligible for resale pursuant to Rule 144A or Regulation S under the ’33 Act (and must otherwise meet DTC’s eligibility criteria).
Mr. Zen
3年前
From my understanding,
the DTCC's subsidiary, The Depository Trust Company (DTC), established in 1973, was created to reduce costs and provide clearing and settlement efficiencies by immobilizing securities and making "book-entry" changes to ownership of the securities.
If a stock is bought or sold on the open market it goes through the DTC, I have always used the DTC number as the float, because I always thought the float cannot be higher than that.
So as it stands today, there are no DTC shares therefore no shares have been registered with the SEC as ready for sale.
This is my understanding, someone enlighten me
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