Penny J. Minna

Penny J. Minna

Partner
About

Penny Minna concentrates in public offerings of equity and debt securities, Rule 144A offerings, and private placements of securities, including private investments in public equity (PIPEs), and regularly represents both buyers and sellers in public and private mergers and acquisitions, including cross-border transactions.

Penny's practice includes: advising technology, life sciences, healthcare companies, Maryland corporations and REITS and special purpose acquisition companies (SPACs) in mergers and acquisitions, securities offerings and joint ventures; advising public companies on the rules and regulations of the US securities laws, periodic reporting obligations and corporate governance and disclosure issues; and providing general corporate representation to private companies.

Bar admissionsMaryland

EXPERIENCE

Penny's representative securities transactions include:

  • Getty Realty Corp. (NYSE: GTY) in connection with its US$250 million at-the-market common stock offering
  • Athena Technology Acquisition Corp. (NYSE: ATHN) in a $165,000,000 private placement in public entity in connection with its SPAC deal with Heliogen, Inc. (NYSE: HLGN)
  • Maryland counsel in connection with US$180 million public offering of common stock for NYSE-listed REIT
  • Company counsel in connection with US$45 million direct placement of common stock for W.P. Carey Inc. (NYSE: WPC)
  • Maryland counsel in connection with US$275 million senior notes offering and related tender offer to repurchase approximately US$400 million in senior notes
  • US company counsel in connection with US$80 million private placement in Canadian cloud-based learning solutions developer
  • Underwriter's counsel in connection with the US$43 million reopened public offering of Series A cumulative redeemable perpetual preferred shares for an NYSE-listed Maryland REIT
  • Company counsel for US$300 million equity commitment by a private equity fund in a private institutional pharmacy, including a recapitalization of outstanding preferred and common stock and convertible debt securities and warrants
  • Maryland counsel in connection with the public offering of US$250 million convertible senior notes by an NYSE-listed Maryland corporation
  • Underwriter's counsel in connection with at the market offering of common shares for an NYSE-listed Maryland REIT
  • Underwriters' counsel in connection with US$111 million public offering of Series A cumulative redeemable perpetual preferred shares for an NYSE-listed Maryland REIT
  • Underwriters' counsel in connection with US$170 million public offering of common shares for an NYSE-listed Maryland REIT
  • Underwriters' counsel in connection with US$75 million public offering of common shares for an NYSE-listed Maryland REIT
  • Company counsel in connection with US$150 million private placement by a private equity fund of Series E preferred stock for a private video game developer and publisher
  • Company counsel in connection US$250 million Rule 144A offering of convertible senior notes for an NYSE-listed company
  • Company counsel in connection with US$300 million private placement by a private equity fund of Series D preferred stock for a private video game developer and publisher

Penny's representative mergers and acquisitions transactions include:

  • A leading FinTech company in its US$800 million business combination with an NYSE-listed special purpose acquisition company
  • Athena Technology Acquisition Corp. (NYSE: ATHN) in a US$2 billion business combination with Heliogen, Inc. (NYSE: HLGN)
  • Legacy Acquisition Corporation (NYSE: LGC)  in connection with its business combination with Onyx Enterprises (renamed PARTS iD, Inc.) (NYSE American: ID)
  • Maryland counsel in connection with W.P. Carey Inc.'s (NYSE: WPC) acquisition of Corporate Property Associates 18 – Global Incorporated
  • BASF Corporation in its US$85 million sale of its Kankakee, Illinois manufacturing operations
  • AXA Investment Managers in its US$1.2 billion acquisition of NorthStar Realty Europe Corp. (NYSE: NRE)
  • ICF (NASDAQ:ICFI) in its acquisition of Creative Systems and Consulting
  • US Biopharmaceutical company’s acquisition of vaccine division of a French biopharmaceutical company
  • TeleCommunication Systems, Inc. (NASDAQ: TSYS) in its US$20 million acquisition of microDATA GIS, Inc.
  • CAE Healthcare (a CAE business, NYSE: CAE) in its US$20 million acquisition of Advanced Medical Technologies, LLC
  • Maryland counsel in connection with W.P. Carey Inc.'s (NYSE: WPC) acquisition of CPA®15
  • CAE Healthcare in its US$130 million acquisition of Medical Education Technologies, Inc.
Education
  • J.D., Vanderbilt University Law School 2000
  • B.A., Johns Hopkins University 1996
    Phi Beta Kappa

Awards

  • Chambers USA
    • Band 4, Maryland Corporate/M&A (2021-2023)
      Chambers comments highlighted Penny's counsel "on a variety of corporate matters," and quoted clients who praised her as "a great lawyer who's very smart," and "a really good attorney."
  • The Legal 500 United States
    • Recommended, Capital Markets Equity Offerings - Advice to Managers (2013)

Seminars

  • Panelist, "Why Become a Benefit Corporation?" Hastings Business Law Journal Symposium, How Social Benefit Legislation is Reshaping the Corporate Outlook, October 2012

Media Mentions

  • "More Than 20 Firms Guided Largest 1st-Half Real Estate Deals," Law360, July 10, 2018

Connect

Phone

+1 410 580 4228
(Work, Baltimore (Mount Washington))