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Rimon Law represents one of the first investment bank led Regulation A+ NASDAQ listed public offerings

News Frank Vargas Frank Vargas · Jennifer Dasari Jennifer Dasari · Michael Vargas Michael Vargas · August 24, 2017

In a transaction that may have proved that crowdfunding under Regulation A+ is a viable alternative for companies, Rimon Law assisted in handling one of the first investment bank led Regulation A+ NASDAQ listed public offerings.  It was also the largest investment banked Regulation A+ listed company raise to date.

ShiftPixy, an HR and Technology solution company focused on the gig economy, went to the market under the new Reg A+ system, which is designed to ease the challenges faced by small cap companies looking to enter the equity marketplace.  ShiftPixy raised $12 million in the IPO.

Rimon Law represented lead underwriter W.R. Hambrecht + Co., LLC.  Leading the transaction team was Rimon partners Frank Vargas and Jennifer Dasari and associate Michael Vargas.  “After many unsuccessful Reg A+ offerings, ShiftPixy and WR Hambrecht +Co proved that Reg A+ can be used as an effective fund-raising tool as originally planned by Congress and its supporters. Companies now have a trail to follow in seeking how to raise capital under Reg A+.  We are very proud to have been an integral part of the team that successfully completed the ShiftPixy offering.” said Mr. Vargas.

Rimon attorneys are deeply involved in the crowdfunding market and assisting its clients in navigating this new fund raising avenue for investors, investment banks and companies.


Frank Vargas is an attorney who holds a unique combination of legal and business experience that differentiates him from other corporate and financial lawyers. As an attorney, he has more than 30 years of experience in corporate and securities law, and has represented and counseled some of the largest and best-known technology companies and venture capital funds in the United States. His clients range from public and private companies as well as venture and private equity funds in Silicon Valley, Los Angeles, Salt Lake City, Seattle, Madison, Minneapolis, and Boston. He regularly counsels clients on a variety of legal as well as business matters such as Angel and Venture Financing, Initial and Secondary Public Offerings, Mergers and Acquisitions, Contracts, and Complex Technology Licensing. Read more here.

In her extensive experience practicing corporate and business law, Ms. Dasari has represented clients in a wide range of securities law, private equity financing, mergers and acquisitions, entrepreneurial start-up matters, and commercial transactions.
Ms. Dasari has been instrumental in assisting her clients on a wide spectrum of issues from small transactional matters to large corporate negotiations. Specifically, in the mergers and acquisitions arena. Read more here.

Michael Vargas is an associate in Rimon’s Palo Alto office and a member of the firm’s Corporate practice group. As a member of the Corporate practice group, Michael represents clients in a range of corporate transactions including formation, convertible debt financing, angel financing, venture capital and private equity backed expansion, state and federal securities, employment concerns, and mergers & acquisitions. Read more here.