Thought Leadership - Manatt, Phelps & Phillips, LLP

Manatt Advises HARTBEAT on Formation and $100M Financing

A Manatt team led by Entertainment Partner Sophia Yen advised HARTBEAT on the formation of the company and represented HARTBEAT in its $100 million capital raise led by private equity firm Abry Partners.HARTBEAT is a global, multi-platform media company resulting from the merger of Kevin Hart@s comedy brand Laugh Out Loud and film and television studio HartBeat Productions. The core Manatt deal...

Manatt Represents Gamelancer, Inc., in Its Sale to Wondr Gaming Corp.

A Manatt team represented Gamelancer, Inc., currently the largest online gaming platform on TikTok and Snapchat with more than 26.5 million followers, in its sale to Wondr Gaming Corp., a publicly traded entertainment company on the Canadian Securities Exchange.

Manatt Represents Life Science Solutions Provider Delta Project Management in its Sale to Verista

A Manatt team represented Delta Project Management, a leading provider of regulatory compliance and project management solutions to the life science industries, in its sale to Verista, a life science business and technology consultancy.

Governor Hochul Delivers First State of the State Address for New York

On January 5, 2022, New York Governor Kathy Hochul delivered her first State of the State address, outlining in broad strokes her policy and fiscal agenda for the upcoming year.

Manatt Announces the Advancement of 14 Professionals Across Various Practices Nationwide

Manatt, Phelps @ Phillips, LLP, a multidisciplinary, integrated professional services firm, announced today the advancement of 14 professionals, including 12 attorneys to partnership and the elevation of one consultant to managing director and one associate to counsel. All promotions are effective January 1, 2022.@These 14 professionals reflect the hustle, drive and collaboration that make...

Manatt Represents Rocket Lawyer in $223M Financing

Manatt represented Rocket Lawyer, the digital legal services provider, in its major growth capital financing of $223 million led by Vista Credit Partners, a strategic credit investor and financing partner focused on the enterprise software, data and technology markets.

Did You Really Need That PPP Loan? The SBA Wants to Know

Without much fanfare, the Small Business Administration (SBA) has started investigating borrowers of larger Paycheck Protection Program (PPP) loans to obtain information about their business activities.

Nonprofit, SBA, Equity, Loans, PPP

Raising Capital Through Private Placements: Rule 506(b) vs. Rule 506(c) Offerings

Startups, and particularly first-time founders, typically find that raising funds is a significant, challenging and time-consuming process.

SEC, Investment, Stock, Founder, Capital Raise, Regulation D, Federal Securities Laws, Securities Act of 1933, Private Placement, Rule 506(b), Rule 506(c), Accredited and Nonaccredited Investors

Delaware Franchise Tax

A franchise tax is an annual tax a business entity is required to pay in a given jurisdiction as a result of being formed or organized, or for doing business, in that jurisdiction.

Tax, Delaware, Corporations, LLC, Limited Liability Company, Capitalization Table, Cap Table, Foreign Corporation, Domestic Corporation, Franchise Tax

Founder’s Stock: Vesting and Acceleration

Founder’s stock refers to the equity granted, typically in the form of common stock, to founders of a company for their preformation efforts in building the company.

Tax, Equity, Stock, Founder, Vesting, Common Stock, Acceleration