Attorney Karl-Heinz Lachnit's Legal Cases

Securities offerings

Preferred Stock - Rumgr, Inc.

Feb 21, 2012

OUTCOME: Closed February 21, 2012

Represented Rumgr Inc. in its recent sale of its Series A Preferred Stock. The startup has just raised a round of funding lead by Zappos CEO Tony Hsieh, Resort Gaming Group founder Andrew Donner, and a ... handful of other Zappos executives. The new funding will be used to expand Rumgr’s service to new markets across the United States and to continue product development efforts. Rumgr Inc., based in Las Vegas, NV, founded by three Zappos alums, is an iPhone app that brings the garage sale experience to the palm of your hand. Rumgr is a mobile location-based marketplace that lets you snap images of your unwanted items, browse pictures of other people’s unwanted items, sell, trade, barter, and buy items. The app allows you to post items for sale with just a picture, no description needed, then field offers from would-be buyers. Once you decide to accept an offer, the app has a private chat mode for you to arrange for payment and pickup.

Mergers and acquisitions

Soy Vay Enterprises Acquired by Public Company

Dec 31, 2011

OUTCOME: Closed December 31, 2011

Silicon Valley Law Group (SVLG) represented Soy Vay Enterprises, Inc. in its acquisition by a publicly traded company on December 31, 2011. A mere 3 weeks from its engagement, SVLG negotiated the ... acquisition agreement; performed, completed and timely delivered the necessary due diligence requirements; addressed issues of concern to the satisfaction of acquirer and its counsel; and facilitated the closure of the acquisition prior to the year-end.

Karl-Heinz Lachnit's Legal Cases (2)

Preferred Stock - Rumgr, Inc.

Soy Vay Enterprises Acquired by Public Company