Luce Forward represents Helix Wind, Inc. to complete its merger with public shell Clearview Acquisitions, Inc.
IRVINE, Calif. (March 11, 2009 – LAWFUEL) – Luce, Forward, Hamilton & Scripps today announced it represented Helix Wind, Inc. in taking the global renewable energy company public through a reverse merger into Clearview Acquisitions, Inc.
The merger represents the first small wind renewable energy company to go public. Despite the challenging capital markets, Luce Forward’s securities lawyers worked closely with Helix Wind, helping drive the transaction to a successful completion.
“The successful completion of the Helix Wind transaction deal is an example of the deep knowledge, breadth and diversity of Luce Forward’s statewide client service capabilities, especially in securities, climate change and clean technology,” said Kurt L. Kicklighter, Luce Forward’s Managing Partner. “This transaction illustrates how we can provide efficient, results-oriented sophisticated capital transactions expertise to cutting-edge clients.”
Luce Forward’s business / corporate group counseled Helix Wind through the entire process over four months, and successfully brought to bear its expertise in capital market transactions, and mergers and acquisitions in the successful completion of this transaction.
“We are pleased to have the opportunity to use our distinct skills in representing Helix Wind as the first small wind renewable energy company to go public,” said William Tolin Gay, Of Counsel and leader of the Luce Forward team on the transaction. “We are excited about the impact created from providing our guidance during the second phase of the company’s comprehensive business plan, which included an additional capital round.”
Luce Forward is a leading California law firm with approximately 185 attorneys throughout the State. The firm recently established its environmental alternative energy practice group, and continues to be progressive in its long-term plan for strategic growth throughout California to better serve its clients.
“With the approval of the new administration’s Stimulus package supporting Federal tax benefits in the U.S. up to 30 percent for small wind products combined with State and Local tax and rebate benefits, it is an excellent time for our client base to be purchasing small wind products to provide electricity to off set the cost of traditional grid based electricity or fossil fuel products with our small wind vertical axis wind turbines. The Federal rebate alone can help off set the financial challenges facing Big Wind and Solar products in the renewable energy industry,” said Scott Weinbrandt, Chairman & President of Helix Wind, Inc. “With Luce Forward’s expertise, we were able to maximize on the opportunity to take our company public, and look forward to allowing our shareholders to share in Helix Wind’s full value and continued success.”
Helix Wind is engaged in the manufacture and sale of small wind turbines designed to generate 2.5 to 5 KW of clean, renewable electricity for residential, suburban and urban use. Clearview Acquisitions was established to acquire and develop quality projects in the United States and abroad. The focus of the company is to seek out and selectively acquire companies for public markets.
Founded in 1873, Luce, Forward, Hamilton & Scripps LLP is a full-service California law firm with offices in San Diego, San Francisco, Los Angeles, Carmel Valley/Del Mar, Orange County, and Rancho Santa Fe. For more information, visit www.luce.com.
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