Harter Secrest & Emery Advises Maxim Group LLC on Upsized $14.4 Million Uplist Offering

Harter Secrest & Emery LLP, a full-service business law firm with offices throughout New York, recently represented Maxim Group LLC in an underwritten uplisting of Orbsat Corp from the OTCQB to the Nasdaq Capital Market.

The offering closed on June 2, 2021, and due to the present strength of the capital markets, was upsized from its original amount up to the $14.4 million closing amount before deducting underwriting discounts and commissions and other estimated offering expenses.  

The HSE Securities and Capital Markets team for the transaction included Alexander R. McClean, Sarah H. Brennan, Margaret K. Rhoda, and Mary C. Hamilton.

Maxim Group LLC, a leading full-service investment banking, securities and wealth management firm headquartered in New York, NY, provides a full array of financial services to a diverse range of corporate clients, institutional investors, and high net worth individuals. Orbsat Corp provides services and solutions for satellite-based voice, high-speed data, tracking and IoT connectivity services. Orbsat’s U.S. and European-based subsidiaries, Orbital Satcom and Global Telesat Communications, have provided global satellite connectivity solutions to more than 50,000 customers located in over 165 countries across the world.

Harter Secrest & Emery is recognized as a leader in the securities and capital markets industry. With 10 attorneys devoted to practicing securities and capital markets law in Western New York, we bring a depth and breadth of experience unmatched in the region. The firm has represented issuers and underwriters in over 60 public offerings, with clients ranging from businesses seeking start-up capital to Fortune 500 companies. The firm’s securities practitioners assist clients with private and public offerings of securities, ongoing regulatory compliance and reporting, proxy solicitations, tender offers, and securities litigation and arbitration before the Securities and Exchange Commission, NYSE, Nasdaq, FINRA, and state and federal courts.

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