Matters

Represented Client in Reverse Take-Over Transaction Valued at $5.5B

Represented Nano Cures International, Inc., a US-based company focused on transforming the development and delivery of cures to major health conditions and diseases, in a definitive arrangement agreement (the "Arrangement Agreement") with Craft 1861 Global Holdings Inc. ("Craft Global"), a publicly traded Canadian corporation. The Arrangement Agreement sets out the definitive terms upon which Nano will acquire Craft Global in a reverse take-over transaction valued at $5.5B.

Represented Financial Advisory Firm in Business Combination

Represented a financial advisory and accounting firm based in the northeast in its restructuring and subsequent business combination transaction with a financial and tax advisory business.

Ownership Transfer – Pimlico Race Course

Represented Maryland Thoroughbred Racetrack Operating Authority in the transfer of ownership of Pimlico Race Course from The Stronach Group to the State of Maryland. "The historic agreement guarantees the home of the Preakness Stakes in Baltimore, establishes Pimlico as the year-round home of thoroughbred racing in Maryland, and creates a year-round hub of economic activity in Baltimore’s Park Heights community."

Terms under the master agreement include the transfer of ownership of Pimlico and ensures full renovation of Pimlico facilities, including the racetrack and hotel and event space construction. The agreement also includes the transfer of rights to the Preakness Stakes to the Maryland Thoroughbred Racetrack Operating Authority through a long-term licensing agreement.  

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Cross-Border Investment in US Real Estate Fund

Represented NSC Asesores in an investment in a US real estate fund concentrating on properties in Colorado. The transaction comprised a combination of equity investment, a convertible note financing and a secured revolving credit facility. Herrick structured and negotiated all three components of the financing.

Represented Avenue Sports Fund in North Carolina Courage (NWSL) Investment

Represented Avenue Sports Fund, an affiliate of Avenue Capital Group, respecting its equity investment in the North Carolina Courage, a women’s professional soccer club competing in the NWSL.

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Represented Platform in League Formation and Player Retention Agreements

Represented a leading sports, media entertainment and lifestyle platform in connection with the formation of Dunkman, the world's first professional global dunk league. Herrick’s representation included the preparation of player retention agreements.

Dunkman was formed to transform dunk competitions into a fully realized professional sport, providing top dunkers from around the world with a platform to showcase their talent. The inaugural season will feature 24 of the best dunkers competing live in a brand-new league format. Shaquille O’Neal will serve as the commissioner of Dunkman. The inaugural season of Dunkman will be distributed in Summer 2026 across TNT, TBS, truTV and HBO Max with additional content across Dunkman social media channels, Bleacher Report, House of Highlights and YouTube. 

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