Category Archives: John McIlvery

SAM Client Resonant Announced $7.5 Million Private Placement

Resonant Stubbs Alderton & Markiles’ client Resonant, Inc. (NASDAQ: RESN) a designer of filters for radio frequency, or RF, front-ends that specializes in delivering designs for difficult bands and complex requirements, announced that it has entered into a definitive agreement with an affiliate of Longboard Capital Advisors, LLC, an existing stockholder of Resonant to raise gross proceeds of $7.5 million. Congratulations on this success!

To read the full press release click here.

Stubbs Alderton attorneys representing Resonant in this transaction were John McIlvery and Nick Feldman.

About 
Resonant is creating software tools and IP & licensable blocks that enable the development of innovative filter designs for the RF front-end, or RFFE, for the mobile device industry. The RFFE is the circuitry in a mobile device responsible for the radio frequency signal processing and is located between the device’s antenna and its digital baseband. Filters are a critical component of the RFFE that selects the desired radio frequency signals and rejects unwanted signals and noise. For more information, please visit www.resonant.com.

For more information about our Public Securities practice, contact John McIlvery at jmcilvery@stubbsalderton.com

 

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Stubbs Alderton & Markiles, LLP Client THX Acquired by Leading Lifestyle Brand for Gamers, Razer

thx-logoStubbs Alderton & Markiles, LLP client THX announced this week that Razer™, the leading global lifestyle brand for gamers, has acquired the majority of the assets of THX Ltd. and brought onboard the management and employees of the company. THX will continue to operate as an independent entity under its own management and apart from the ongoing business of its parent company. Financial details of the transaction were not disclosed.

Stubbs Alderton & Markiles’ attorneys representing THX in the transaction include Scott Galer, John McIlvery, Sean Greaney and Nick Feldman

 

To read the full press release, click here.

 

About Stubbs Alderton & Markiles, LLP

Stubbs Alderton & Markiles, LLP (SAM) is a California business law firm with robust intellectual property, litigation, corporate, public securities, mergers and acquisitions, and entertainment practice groups.  SAM focuses on the representation of emerging growth companies, middle market public companies, large technology companies, celebrities and entertainment companies. SAM’s mission is to provide technically excellent legal services and outstanding results in a highly-responsive, service-oriented, and cost-effective manner. These principles are the hallmarks of our firm.

 

To learn more about our Mergers & Acquisitions practice, contact SAM partner Scott Galer at sgaler@stubbsalderton.com or (818) 444-4513.

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Stubbs Alderton & Markiles, LLP Represents Client Resonant, Inc. in Closing $11.5 Million Public Offering of Its Common Stock

Resonant Logo

Stubbs Alderton & Markiles, LLP announced that it reprsented its client Resonant Inc. (NASDAQ: RESN), a designer of filters for radio frequency, or RF, front-ends that specializes in delivering designs for difficult bands and complex requirements, in the closing of an underwritten public offering for 2,715,000 shares of its common stock, which includes the exercise in full by the underwriters of their over-allotment option, at a per share price to the public of $4.25. The Company will receive gross proceeds of approximately $11.5 million from the offering.

Stubbs Alderton & Markiles’ attorneys that represented Resonant in the transaction were John McIlvery and Jonathan Friedman.

To read the full press release on Businesswire, click here.

About Resonant® Inc.

Resonant is creating innovative filter designs for the RF front-end, or RFFE, for the mobile device industry. The RFFE is the circuitry in a mobile device responsible for the radio frequency signal processing and is located between the device’s antenna and its digital baseband. Filters are a critical component of the RFFE that selects the desired radio frequency signals and rejects unwanted signals and noise.

About Resonant’s ISN® Technology

Resonant can create designs for hard bands and complex requirements that we believe have the potential to be manufactured for half the cost and developed in half the time of traditional approaches. The Company’s large suite of proprietary mathematical methods, software design tools and network synthesis techniques enable it to explore a much bigger set of possible solutions and quickly derive the better ones. These improved filters still use existing manufacturing methods (i.e. SAW) and can perform as well as those using higher cost methods (i.e. BAW). While most of the industry designs surface acoustic wave filters using a coupling-of-modes model, Resonant uses circuit models and physical models. Circuit models are computationally much faster, and physical models are highly accurate models based entirely on fundamental material properties and dimensions. Resonant’s method delivers excellent predictability, enabling achievement of the desired product performance in roughly half as many turns through the fab. In addition, because Resonant’s models are fundamental, integration with its foundry and fab customers is eased because its models speak the “fab language” of basic material properties and dimensions.

About Stubbs Alderton & Markiles, LLP

Stubbs Alderton & Markiles, LLP is a business law firm with robust corporate, public securities, mergers and acquisitions, entertainment, intellectual property, brand protection and business litigation practice groups focusing on the representation of, among others, venture backed emerging growth companies, middle market public companies, large technology companies, entertainment and digital media companies, investors, venture capital funds, investment bankers and underwriters. The firm’s clients represent the full spectrum of Southern California business with a concentration in the technology, entertainment, videogame, apparel and medical device sectors. Our mission is to provide technically excellent legal services in a consistent, highly-responsive and service-oriented manner with an entrepreneurial and practical business perspective. These principles are the hallmarks of our Firm.

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For more information about the Public Securities practice at Stubbs Alderton & Markiles, LLP contact John McIlvery at (818) 444-4500 or jmcilvery@stubbsalderton.com

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Stubbs Alderton & Markiles Attorneys Represent Vitesse Semiconductor Corporation in its Sale to Microsemi Corporation

vitesse homepageStubbs Alderton & Markiles, LLP announces that it represented client Vitesse Semiconductor Corporation (Nasdaq: VTSS) in its successful sale to Microsemi Corporation (Nasdaq: MSCC).  Microsemi acquired Vitesse through a cash tender offer and follow-on merger at a price of $5.28 per share, for a total transaction value of approximately $389 million.  SAM Attorneys John McIlveryJonathan Friedman and Daniel Kim represented Vitesse in this transaction that closed at the end of April.

For more information about the Public Securities Practice of Stubbs Alderton & Markiles, LLP, contact John McIlvery at (818) 444-4502 or jmcilvery@stubbsalderton.com

Press Contact:

Heidi Hubbeling
Director of Marketing
hhubbeling@stubbsalderton.com
(310) 746-9803

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SAM Client Vitesse Semiconductor Corporation to be Acquired by Microsemi Corporation

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SAM Client Vitesse Semiconductor Corporation has announced that it has reached an agreement to be acquired by Microsemi Corporation for $389 million, furthering a drive toward consolidation in the semiconductor industry.

Vitesse, which has headquarters in Camarillo, CA, designs a diverse portfolio of high-performance semiconductors, application software, and integrated turnkey systems solutions for Carrier, Enterprise and Internet of Things (IoT) networks worldwide.

Based in Aliso Viejo, CA, Microsemi offers a comprehensive portfolio of semiconductor and system solutions for communications, defense & security, aerospace and industrial markets.

Stubbs Alderton & Markiles’ attorneys John McIlvery and Jonathan Friedman are representing Vitesse in this pending transaction.

For more information about our Public Securities practice, contact John McIlvery at (818) 444-4502 or jmcilvery@stubbsalderton.com.

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Stubbs Alderton & Markiles Assists Client Malauzai Software in its $6.5 Million Series C Funding to Expand Mobile Banking SmartApps

Malauzai Software

Stubbs Alderton & Markiles has announced that it assisted client Malauzai Software, a provider of mobile banking SmartApps for community financial institutions, in its $6.48 million Round C investment led by Wellington Management Company, LLP.  In previous rounds, Malauzai has raised approximately $5.3M.

SAM attorneys John McIlvery and Gaurav Krishan represented Malauzai in this transaction.

About Malauzai Software

Malauzai was incorporated in 2010 in response to the growing demand for a technology company that could provide innovative mobile solutions for community financial organizations. As a cool company in a cool town with a focus primarily on community financial institutions, Malauzai looks to provide mobile solutions that will enhance the customer experience ultimately resulting in increased value for financial institutions.

To view the full press release, click here.

For more information about our Venture Capital & Emerging Growth practice, contact Scott Alderton at salderton@stubbsalderton.com or (818) 444-4501.

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Stubbs Alderton & Markiles, LLP Advises HemaCare Corporation in the Sale of Coral Blood Services to the New York Blood Center

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Los Angeles, October 11, 2013. Stubbs Alderton & Markiles, LLP announced that it advised client HemaCare Corporation in the sale of its Coral Blood Services subsidiary to the New York Blood Center (“NYBC”). Financial terms of the transaction were not disclosed.  Coral’s 24 employees have been offered equivalent positions at NYBC.

In addition, NYBC and HemaCare have signed an agreement granting HemaCare access to NYBC’s 22 metro New York area collection centers.  This allows HemaCare to further support the skilled, standardized apheresis collection services required for cell therapy and immunotherapy clinical trials of HemaCare’s rapidly growing list of BioResearch Products and Services customers.

SAM Partner John McIlvery, and attorneys Jonathan Friedman and Jason Lee advised HemaCare Corporation in this transaction.

To read the full press release, click here.

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Stubbs Alderton & Markiles, LLP Advises Vitesse Semiconductor Corporation in $40 Million Public Offering

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Los Angeles– June 26, 2013 – Stubbs Alderton & Markiles, LLP announced that it advised client Vitesse Semiconductor Corporation (Nasdaq VTSS) in an underwritten public offering of 18,720,000 shares of its common stock at a price to the public of $2.15 per share.  The offering closed on June 25, 2013.

Vitesse designs a diverse portfolio of high-performance semiconductor solutions for Carrier and Enterprise networks worldwide.  Vitesse products enable the fastest-growing network infrastructure markets including Mobile Access/IP Edge, Cloud Computing and SMB/SME Enterprise Networking.

To read Vitesse’s full press release, click here.

The Stubbs Alderton & Markiles, LLP team advising Vitesse included John McIlvery, Partner and Chair of the Public Securities Practice, and Jonathan Friedman, Senior Counsel.

About Stubbs Alderton & Markiles, LLP

Stubbs Alderton & Markiles, LLP is a business law firm with robust corporate, public securities, mergers and acquisitions and intellectual property practice groups focusing on the representation of venture backed emerging growth companies, middle market public companies, large technology companies, entertainment and digital media companies, investors, venture capital funds, investment bankers and underwriters. The firm’s clients represent the full spectrum of Southern California business with a concentration in the technology, entertainment, videogame, apparel and medical device sectors. Our mission is to provide technically excellent legal services in a consistent, highly-responsive and service-oriented manner with an entrepreneurial and practical business perspective. These principles are the hallmarks of our Firm.

Contact:

Heidi Hubbeling
Director of Marketing
Stubbs Alderton & Markiles, LLP
(818) 444-4526
hhubbeling@stubbsalderton.com

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SEC News Flash From Stubbs Alderton & Markiles, LLP – SEC Clarifies That Social Media Outlets Can Be Used For Company Announcements If Investors Are Alerted

On April 2, 2013, the Securities and Exchange Commission (SEC) issued a report (Report of Investigation) on its investigation of Netflix, Inc. (Netflix) and its CEO, Reed Hastings (Hastings), which clarifies the SEC’s position that companies can use social media outlets like Facebook and Twitter to disseminate material, non-public information in compliance with Regulation FD so long as companies first alert investors about which social media will be used for this purpose.

The SEC’s Division of Enforcement had investigated whether Netflix and Hastings violated Regulation FD when Hasting’s used his personal Facebook page, on July 3, 2012, to announce that Netflix had streamed 1 billion hours of content in the month of June.  Netflix did not otherwise publicly disclose this information to investors.  Neither Hastings nor Netflix had previously used Hasting’s Facebook page to announce Netflix metrics, nor were investors alerted that Hastings’ personal Facebook page might be used for this purpose.  Netflix’s stock price rose considerably following the announcement.

In its Report of Investigation, the SEC concluded that its August 2008 Guidance on the Use of Company Web Sites (2008 Guidance), though largely focused on the use of web sites, its equally applicable to current and evolving social media channels of corporate communication.  As discussed in the 2008 Guidance, companies must take steps sufficient to alert investors and the market to the web sites, social media outlets and other communication channels the company will use to disseminate material, non-public information.

A copy of the SEC’s news release can be found here.

A copy of the SEC’s Report of Investigation can be found here.

A copy of the SEC’s 2008 Guidance can be found here.

For further information about the use of social media outlets to disseminate company announcements, contact John McIlvery, Public Securities Group Chair, at jmcilvery@stubbsalderton.com or (818) 444-4502.

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Stubbs Alderton & Markiles, LLP Advises Vitesse Semiconductor Corporation in $18.2 Million Public Offering

 

Los Angeles– December 19, 2012 – Stubbs Alderton & Markiles, LLP announced that it advised client Vitesse Semiconductor Corporation (Nasdaq: VTSS) in an underwritten public offering of 10,400,000 shares of its common stock at a price to the public of $1.75 per share.  The offering closed on December 12, 2012.

Vitesse designs a diverse portfolio of high-performance semiconductor solutions for Carrier and Enterprise networks worldwide.  Vitesse products enable the fastest-growing network infrastructure markets including Mobile Access/IP Edge, Cloud Computing and SMB/SME Enterprise Networking.

To read Vitesse’s full press release, click here.

The Stubbs Alderton & Markiles, LLP team advising Vitesse included John McIlvery, Partner and Chair of the Public Securities Practice, Jonathan Friedman, and Gaurav Krishan.

About Stubbs Alderton & Markiles

Stubbs Alderton & Markiles, LLP is a business law firm with robust corporate, public securities, mergers and acquisitions and intellectual property practice groups focusing on the representation of venture backed emerging growth companies, middle market public companies, large technology companies, entertainment and digital media companies, investors, venture capital funds, investment bankers and underwriters. The firm’s clients represent the full spectrum of Southern California business with a concentration in the technology, entertainment, videogame, apparel and medical device sectors. Our mission is to provide technically excellent legal services in a consistent, highly-responsive and service-oriented manner with an entrepreneurial and practical business perspective. These principles are the hallmarks of our Firm.

 

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