DLA Piper

Akari Therapeutics and Peak Bio Announce Definitive Agreement to Merge as Equals Creating an Expanded Pipeline That Features a Novel Antibody Drug Conjugate (ADC) Toolkit

Retrieved on: 
Tuesday, March 5, 2024

Following closing, the company will have an expanded pipeline that contains multiple compelling assets spanning early and late development stages.

Key Points: 
  • Following closing, the company will have an expanded pipeline that contains multiple compelling assets spanning early and late development stages.
  • An assessment of the pipeline is planned, including program prioritization, updated timelines, near-term value creation opportunities, and other considerations.
  • Key highlights of the merger include:
    The merged pipeline features a robust ADC toolkit with novel payload and linker technologies.
  • Goodwin Procter LLP is serving as legal advisor to Akari and DLA Piper LLP is serving as legal advisor to Peak Bio.

Akari Therapeutics and Peak Bio Announce Definitive Agreement to Merge as Equals Creating an Expanded Pipeline That Features a Novel Antibody Drug Conjugate (ADC) Toolkit

Retrieved on: 
Tuesday, March 5, 2024

Following closing, the company will have an expanded pipeline that contains multiple compelling assets spanning early and late development stages.

Key Points: 
  • Following closing, the company will have an expanded pipeline that contains multiple compelling assets spanning early and late development stages.
  • An assessment of the pipeline is planned, including program prioritization, updated timelines, near-term value creation opportunities, and other considerations.
  • Key highlights of the merger include:
    The merged pipeline features a robust ADC toolkit with novel payload and linker technologies.
  • Goodwin Procter LLP is serving as legal advisor to Akari and DLA Piper LLP is serving as legal advisor to Peak Bio.

Sheppard Mullin Continues Real Estate Practice Growth With Partner in Los Angeles

Retrieved on: 
Monday, March 4, 2024

Sheppard, Mullin, Richter & Hampton LLP is pleased to announce that Rockard (“Rocky”) Delgadillo has joined the firm as a partner in the Real Estate, Energy, Land Use & Environmental practice group in Los Angeles.

Key Points: 
  • Sheppard, Mullin, Richter & Hampton LLP is pleased to announce that Rockard (“Rocky”) Delgadillo has joined the firm as a partner in the Real Estate, Energy, Land Use & Environmental practice group in Los Angeles.
  • Delgadillo has more than 30 years of experience in real estate transactions, economic development and government.
  • Prior to his tenure as Los Angeles City Attorney, Delgadillo was the Deputy Mayor of Los Angeles for Economic Development, where he helped spur the development of jobs in emerging neighborhoods.
  • Sheppard Mullin Real Estate, Energy, Land Use & Environmental practice group co-leader Keith Garner added, "Rocky’s deep roots and vast business and governmental network in Los Angeles cannot be overstated.

QT Imaging Holdings Announces Completion of Business Combination with GigCapital5

Retrieved on: 
Monday, March 4, 2024

QT Imaging Holdings, Inc. a medical device company engaged in the research, development, and commercialization of innovative body imaging systems using low frequency sound waves, and GigCapital5, Inc. (“GigCapital5”; Nasdaq: GIA, GIAFW), a Private-to-Public Equity (PPE)™ entity also known as special purpose acquisition company (“SPAC”), today announced the completion of their previously announced business combination (the “Business Combination”).

Key Points: 
  • QT Imaging Holdings, Inc. a medical device company engaged in the research, development, and commercialization of innovative body imaging systems using low frequency sound waves, and GigCapital5, Inc. (“GigCapital5”; Nasdaq: GIA, GIAFW), a Private-to-Public Equity (PPE)™ entity also known as special purpose acquisition company (“SPAC”), today announced the completion of their previously announced business combination (the “Business Combination”).
  • The Business Combination was approved at the Annual Meeting of GigCapital5’s stockholders on February 20, 2024.
  • Upon completion of the Business Combination, the combined company changed its name to QT Imaging Holdings, Inc. (“QT Imaging”).
  • The QT Imaging Breast Acoustic CT™ Scanner, with its already granted FDA clearance as adjunct to mammography, sets a new standard in breast imaging excellence.

Alter Domus secures strategic investment from Cinven

Retrieved on: 
Monday, March 4, 2024

Alter Domus, a leading global provider of end-to-end tech-enabled fund administration, private debt, and corporate services for the alternative investment industry, today announced that it has secured a new strategic investment from Cinven.

Key Points: 
  • Alter Domus, a leading global provider of end-to-end tech-enabled fund administration, private debt, and corporate services for the alternative investment industry, today announced that it has secured a new strategic investment from Cinven.
  • Through the transaction, Cinven will support the long-term strategic growth of Alter Domus, working in close partnership with the founders of Alter Domus and Permira, who will continue to be significant shareholders.
  • Their continued involvement and investment in the firm is a huge endorsement for Alter Domus as a business, its global growth strategy to date and its future potential.
  • The investment from Cinven is a significant milestone in the development of Alter Domus as it continues along this trajectory.

GigCapital5, Inc. Announces Closing Date for Business Combination With QT Imaging

Retrieved on: 
Thursday, February 29, 2024

GigCapital5, Inc. (“GigCapital5”; Nasdaq: GIA), a Private-to-Public Equity (PPE)™ entity also known as special purpose acquisition company (“SPAC”), today announced that the completion of their previously announced business combination (the “Business Combination”) with QT Imaging, Inc. (“QT Imaging”), a technology company engaged in an innovative automated breast imaging system producing high-resolution transmission ultrasound images, will take place on March 4, 2024.

Key Points: 
  • GigCapital5, Inc. (“GigCapital5”; Nasdaq: GIA), a Private-to-Public Equity (PPE)™ entity also known as special purpose acquisition company (“SPAC”), today announced that the completion of their previously announced business combination (the “Business Combination”) with QT Imaging, Inc. (“QT Imaging”), a technology company engaged in an innovative automated breast imaging system producing high-resolution transmission ultrasound images, will take place on March 4, 2024.
  • Upon completion of the Business Combination, the combined company will change its name to QT Imaging Holdings, Inc. (“QT Imaging Holdings”).
  • QT Imaging is a medical device company engaged in the research, development and commercialization of innovative body imaging systems using low energy sound.
  • Brown Rudnick LLP is serving as legal counsel and BPM LLP is serving as auditor to QT Imaging.

DLA Piper Advises Arlington Capital Partners in the Formation of Defense Manufacturing Company “Keel”

Retrieved on: 
Thursday, February 29, 2024

DLA Piper advised Arlington Capital Partners (Arlington), a Washington, DC-area private investment firm specializing in government regulated industries, in the formation of Keel Holdings, (Keel), a leading manufacturer of complex structures for the highest priority programs within the Navy, Army, and Air Force.

Key Points: 
  • DLA Piper advised Arlington Capital Partners (Arlington), a Washington, DC-area private investment firm specializing in government regulated industries, in the formation of Keel Holdings, (Keel), a leading manufacturer of complex structures for the highest priority programs within the Navy, Army, and Air Force.
  • The company was formed through the merger of existing Arlington portfolio company Pegasus Steel with the newly completed acquisitions of Metal Trades and Merrill Technologies Group.
  • With more than one million square feet of manufacturing floor space and approximately 700 employees, Keel will offer its customers a vertically integrated suite of design, engineering, fabrication, machining, integration, assembly, finishing, and surface treatment capabilities across its nine facilities in Michigan and South Carolina.
  • The Company’s locations include a facility strategically located with direct frontage to deep water that allows for large module delivery by barge to submarine and aircraft carrier customers.

VIA optronics AG Announces Conclusion of Internal Review and Provides Management Update

Retrieved on: 
Wednesday, February 28, 2024

As previously disclosed on November 17, 2023, the Company’s continuing internal review process resulted in a further delay of the filing of its form 20-F for the year ended December 31, 2022, with the U.S. Securities & Exchange Commission.

Key Points: 
  • As previously disclosed on November 17, 2023, the Company’s continuing internal review process resulted in a further delay of the filing of its form 20-F for the year ended December 31, 2022, with the U.S. Securities & Exchange Commission.
  • Chief Executive Officer Roland Chochoiek commented, “We are pleased that the internal review process was finalized, and that the findings were disclosed and presented to our Supervisory Board.
  • As we have stated previously, our leadership takes these matters seriously and we believe the actions we’ve taken to address these findings support this.
  • Accordingly, on February 23, 2024, the Supervisory Board terminated the service agreement between Mr. Eichner and VIA for “cause” and revoked the appointment of Mr. Eichner as a member of VIA’s Management Board, effective immediately.

 C3 AI Announces Third Quarter Fiscal 2024 Financial Results

Retrieved on: 
Wednesday, February 28, 2024

Following a successful six-month pilot, Holcim entered into a four-year agreement with C3 AI to scale C3 AI Reliability across its 100+ cement plants.

Key Points: 
  • Following a successful six-month pilot, Holcim entered into a four-year agreement with C3 AI to scale C3 AI Reliability across its 100+ cement plants.
  • Further, Holcim is implementing C3 Generative AI to enrich C3 AI Reliability and to assist with complex equipment troubleshooting.
  • In addition to the C3 AI Defense and Intelligence Suite, Paradyme will jointly market C3 Generative AI for Defense and C3 AI Law Enforcement .
  • The following table summarizes C3 AI’s guidance for the fourth quarter of fiscal 2024 and full-year fiscal 2024:

Roshal Health Announces $10 Million in Structured Equity Financing Led by Catalio Capital Management

Retrieved on: 
Tuesday, February 27, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240227009252/en/
    The structured equity financing was led by Catalio Capital Management, a leading multi-strategy healthcare and life science investment firm, with participation from Green Street Impact Partners.
  • Employing more than 300 people, Roshal offers services to hospital systems, standalone emergency rooms, micro-hospitals, rural hospitals, and offsite facilities nationwide.
  • “Catalio is thrilled to work alongside the Roshal team to solve a critical healthcare staffing shortage for imaging technicians," said John Henry Iucker, CFA, General Partner and Head of Credit at Catalio Capital Management.
  • Uplift Partners served as the exclusive financial advisor to Roshal Health, and DLA Piper served as legal counsel to the company.