John F. Cannon is chair of Stradling's Securities Litigation and Enforcement practice group and a member of the firm's Board of Directors. He is the former chair of the Litigation department and a former Executive Committee member.
Represented Reshape Medical, Inc. with securing an $11 million bridge loan and a new bank line of credit.
Stradling client First Foundation Inc. completed the merger transaction of Pacific Rim Bank with and into First Foundation Bank, a wholly owned subsidiary of First Foundation Inc. Pacific Rim Bank will assume the First Foundation Bank name.
Majority recapitalization for American Advisors Group (AAG) with Friedman Fleischer & Lowe (FFL).
Senior secured credit facility for Maui Land & Pineapple Company, Inc. with Wells Fargo Bank – $90 million.
Represented Roth Capital Partners in its underwriting of the initial public offering of Oculus Innovative Sciences, Inc.
Recapitalization and preferred stock financings for Choicestream, Inc, a programmatic digital advertising company.
Represented The Goldman Sachs Group, Inc. in its entry into a stockholders agreement in connection with an investment in Prosight Specialty Insurance.
Assisted Snapware Corporation in its $30 million credit facility.
Represented Iteris, Inc. (NYSE: ITI) in the $14 million sale of its vehicle sensor business to Bendix Commercial Vehicle Systems, LLC.
Convertible debt repurchase for Maui Land & Pineapple Company, Inc. (NYSE: MLP) – $36 million.