Cannabis Law Alert: U.S. Congress Takes One MORE Step Towards Legalizing Marijuana, But Don’t Hold Your Breath
December 4, 2019
On November 20, 2019, the House Judiciary Committee took another step towards legalizing marijuana.
“Scott Museles is more than my attorney. He is one of my most important business advisors.” Janeen Gelbart, co-founder of Indiggo Associates LLC, a provider of leadership training platforms goes on to say, “He helped me raise my first million dollars of investment. He and his colleagues at Shulman Rogers help me manage the legal and business issues around investors, employees, alliances, vendors, and intellectual property. He has been a true partner in starting my business and helping me to make it successful.”
Scott counsels startup, early-stage and mature private companies, small-cap and micro-cap public companies, placement agents and investment banks, and investment fund sponsors on a wide range of transactional and business law matters. His practice emphasizes public and private placement offerings, mergers and acquisitions, angel and venture capital transactions, crowd-funding, private equity and real estate fund formation, reverse mergers, roll-ups, SEC and state securities blue sky compliance, corporate governance and general corporate law.
“I couldn’t have been more pleased with the savvy advice and results-driven leadership that Shulman Rogers provided in a critical two-pronged deal for us. Scott Museles masterfully quarterbacked a tricky and ever-changing financing round to raise our acquisition financing. I’d happily refer this team to anyone who asked!”
— Sean Cercone, CEO/President, Broadway Licensing
For his clients that do not have in-house legal counsel, Scott often serves as the client’s “outside general counsel”, taking a leadership role in managing the clients’ legal matters and providing effective and efficient solutions that are consistent with his clients’ business objectives.
Throughout his career, Scott has counseled clients on business transactions and general corporate matters in a wide variety of industries, including hospitality, technology, government contracting, fuel distribution, medical device, real estate, business services, retail, aviation, sports and entertainment, restaurants, alternative energy, cannabis and specialty contracting. Scott has advised buyers and sellers on scores of transactions and, in addition to providing M&A advice, he has helped companies raise millions in private and public investment funds. As an important added value, Scott routinely helps his clients identify investors.
Scott is Co-Chairman of the Firm’s Business and Financial Services Department, Chair of the Securities Practice Group and a member of the firm’s 6-person Strategic Planning Committee. Prior to joining Shulman Rogers, he served as Of Counsel at Morgan, Lewis & Bockius, LLP. Scott began his career as an attorney-advisor at the U.S. Securities and Exchange Commission in the Division of Corporation Finance, where he worked on IPOs, mergers and other securities regulatory matters for companies in the investment banking, securitization, gaming, hotel, restaurant and leisure industries.
$3 million Simple Agreement for Future Equity financing, $1 million bridge Promissory Note financing and $10 million Series A2 Preferred Stock financing for a national entertainment technology company
$3 million Preferred Unit financing for Washington, DC area syndicated real estate venture fund
$7.5 million Series A Preferred Stock financing for Maryland based biotech company and provided counsel in their conversion to a Delaware corporation
$850k Preferred Unit financing for a national sports and entertainment company
$3.5 million Series B Preferred Unit financing, $3.5 million Convertible Promissory Note financing and $2.5 million Bridge Promissory Note financing for a Maryland based leadership technology platform
$4.5 million Series A-1 Preferred Stock financing for a national sports and entertainment venue technology platform and advised on their conversion from a Delaware LLC to a Delaware corporation
$500k Convertible Promissory Note financing for Maryland cannabis company and corresponding consultation regarding application for a Maryland processing and cultivation license
$10 million Series A Preferred Stock financing for a national real estate financial technology company
In 2019, represented nearly 10 restaurants raising in excess of $11 million in the region
$3.5 million bridge convertible promissory note financing and $4 million Series B financing for computer software company developing an AI-driven technology platform
2.4+ million Series Seed and $4.8 million Series A financings for a local technology start-up in the restaurant space – regarded at the time as one of the top “dining” applications on the iTunes Store
Advised a mobile technology platform company in their conversion from a limited liability company into a C-corporation, including the successful conversion of common and preferred securities and an equity compensation plan. The entity change also included a $4.5 million bridge convertible note financing
Investor Representation
$150k Convertible Note financing of sustainable construction product manufacturing company
$885k investment in Series A-1 and A-2 Preferred Stock financing of Biotech-focused venture fund
December 4, 2019
On November 20, 2019, the House Judiciary Committee took another step towards legalizing marijuana.
January 9, 2023
Shulman Rogers’ attorneys, Scott Museles, Paul Schwinn and Marc Bergoffen were pleased to help our client, D.C. craft brewer Atlas […]
May 16, 2022
Shulman Rogers Mergers & Acquisitions team was pleased to provide support to 22nd Century Group (Nasdaq: XXII) in its recently announced acquisition of GVB Biopharma.
May 12, 2022
The local dining scene has been abuzz about the recently released 2022 Michelin Guide for Washington, D.C. and Shulman Rogers is thrilled that this year, our client, Imperfecto has been added to this prestigious list.
May 5, 2022
Shulman Rogers’ client, The Sport Fishing Championship (SFC), successfully executed on its inaugural 12-event competition series last week with the Louisiana Gulf Coast Billfish Classic.
March 9, 2022
What do Michelin starred restaurants, a rocket launching space company, a cannabis cultivator, a media company, a private equity fund, a Broadway production company and a healthcare technology firm have in common?
February 22, 2022
On February 9, 2022, the Securities and Exchange Commission issued proposed rules which, if adopted, will substantially change common market terms and practices of many private funds and narrow the regulatory gap between registered investment advisers and exempt reporting advisers.
November 11, 2021
Shulman Rogers’ client, Taco Bamba has recently announced its new partnership with Investors Management Corp., and their plans for national expansion.
November 4, 2021
Shulman Rogers was pleased to support our client, Labyrinth, Inc. in its recent merger with Harbor Compliance.
July 1, 2021
Shulman Rogers’ Mergers and Acquisitions team was pleased to support our client, U.S.-based gene therapy contract development and manufacturing organization, Vigene Biosciences, in their recent agreement to be acquired by Charles River Laboratories for up to $350 million.
March 30, 2021
Shulman Rogers was pleased to provide counsel to Broadway Licensing in its acquisition of Dramatists Play Service.
May 21, 2020
As the world navigates a new path forward in the wake of the continued coronavirus crisis and businesses strive to adapt to our “new normal,” Shulman Rogers’ client, Venuetize, is prepared to be part of the solution.
February 3, 2020
Vigene Biosciences, a leading provider of viral vector products and services used in gene therapy, has unveiled its new state-of-the-art global headquarters in Rockville, MD.
December 4, 2019
On November 20, 2019, the House Judiciary Committee took another step towards legalizing marijuana.
May 10, 2019
Vigene Biosciences, a leading provider of viral vector products and services used in gene therapy, has completed a substantial growth […]
April 15, 2019
The Daily Record spoke to 10 lawyers who are “Rainmakers” at the top of their game at some of Maryland’s largest law firms to ask them how they got where they are today, what they love about their jobs and what advice they would offer to the next generation of lawyers.
December 2, 2016
Shulman Rogers represented Vigene Biosciences, Inc., a leading biotechnology company for viral vector production and development located in Rockville, Maryland […]
June 2, 2016
POTOMAC, Md., June 2, 2016 /PRNewswire/ — Four Shulman Rogers’ clients, Founding Farmers, RightEye, Rose’s Luxury and Spotluck have received significant regional and national recognition […]
November 23, 2015
MGN Logistics, a solely owned non-asset freight management and IT company, is represented by Scott Museles, chair of the firm’s […]
August 19, 2014
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