Overview

As the leader of Faegre Drinker's 40+ lawyer global capital markets team, Jonathan Zimmerman doesn't just manage transactions — he engineers deals under fire. Whether navigating a volatile IPO window or architecting a multibillion-dollar public company sale, Jonathan is the strategist boards and investment banks call when the margin for error is zero. Recognized as a leading deal lawyer in both capital markets and M&A, Jonathan is trusted by public and private companies, as well as investment banks, to guide high-stakes transactions and strategic initiatives.

Capital Markets & Public Companies

  • Extensive experience representing issuers and investment banks in billions of dollars of securities offerings, including IPOs, secondary offerings, registered direct offerings, PIPEs, Rule 144A, and foreign offerings.
  • Advisor to leading public companies across multiple sectors including:
    • Life Sciences: Celcuity, Mineralys Therapeutics, DiaMedica Therapeutics, and Tactile Medical
    • Technology & Innovation: SPS Commerce, Spire Global, and Aeluma
    • Consumer & Industrial: Mama's Creations, Arena Group, and FGI Industries
  • Skilled in SEC reporting, compliance, corporate governance, resales of restricted securities, and equity compensation.
  • Skilled in capital markets transactions including going-private deals, issuer tender offers for debt and equity, and security purchase programs including accelerated stock repurchases.
  • Recognized as a market leader by Chambers for his deep experience in complex micro-cap transactions, where regulatory challenges and liquidity hurdles are unique.

Mergers & Acquisitions

  • Proven track record in high-value M&A, including multibillion-dollar exits for public companies and serial buy-side transactions for acquisitive clients.
  • Represents investment banks as financial advisors in M&A, providing counsel on deal structuring, fairness opinions, and proxy disclosures.
  • Known for strategic, commercially minded advice aligned with client objectives.

Venture Capital & Emerging Companies

  • Represents emerging companies, venture capital, hedge funds, private equity, and corporate venture funds in private placements and strategic investments.
  • Acts as outside general counsel to growth companies, offering practical guidance on governance through all stages of development.
  • Jonathan's advice is informed by his background as a former independent record label owner. He understands the "founder's grind" and the operational realities of scaling a business, allowing him to deliver counsel that is as entrepreneurial as it is legal.

Why Select Jonathan?

  • Consistently ranked among top lawyers in capital markets and M&A by Chambers USA, LMG Life Sciences, and Best Lawyers®.
  • Frictionless execution: Known for cutting through "legal noise" to keep deals on track, Jonathan prioritizes speed-to-market without compromising regulatory integrity.
  • Recognized for delivering business-first, actionable solutions and exceptional client service. Deep commitment to responsiveness and value creation at every stage of the transaction.
  • As a "Leading Life Sciences Lawyer," Jonathan has a particular depth in medtech, biotech/pharma, and health care, guiding companies like Celcuity and Tactile Medical through the unique intersection of FDA milestones and capital raises, as well as companies like CoLucid Pharmaceuticals and Endocyte through eight-figure exits.

What Clients Have Said

  • "Jonathan Zimmerman is widely held to be a leader on the Minnesota capital markets Bar, with experience spanning debt and equity deals, [and] micro-cap transactions." — Capital Markets: Debt & Equity respondent, Chambers USA
  • "Jonathan is an excellent securities [attorney] with strong communication and client service skills. He is practical and takes the time to walk us through any issues." — Corporate/M&A respondent, Chambers USA

Personal Interests

Jonathan is an avid world traveler and former triathlete. He also brings the entrepreneurial edge. As a former independent record label owner, Jonathan views transactions through the lens of a founder. He brings a rare "operator's empathy" to his practice, allowing him to bridge the gap between complex legal frameworks and the creative needs of growth-oriented companies.

Credentials

Bar Admissions

Minnesota

Education

New York University School of Law
J.D. (2000)

Pomona College
B.A. (1997)

Experience

Experience

Health In Tech, Inc. Secures $7M PIPE Financing

Experience

Lake Street Capital Markets is Sole Underwriter in a $22.8 Million Public Offering for Energy Services of America Corporation.

Experience

Atomera Inc. Completes $25 Million Registered Direct Offering

Experience

Craig-Hallum Capital Group Underwrites Public Offering for GenFlat Holdings

Experience

Flywheel Exchange Inc. Guided Through Series F Financing

Experience

B. Riley Securities, Inc. and Lake Street Capital Markets, LLC Serve as Co-Agents for $200M At-The-Market Offering

Experience

Northland Securities Acts as Lead Underwriter in $20M Initial Public Offering for Park Dental Partners, Inc.

Experience

Northland Securities Leads $7.6M Common Stock and Warrant Offerings for Medical Artificial Intelligence Company

Experience

Mama’s Creations, Inc. Acquires Crown I Enterprises Inc. for $17.5M

Experience

Ashbrook Technologies Guided Through Series A-1 Financing

Experience

Spire Global Secures $40M Through Private Placement of Common Stock and Pre-funded Warrants

Experience

Serve Robotics Raises $80 Million in Registered Direct Offering

Experience

Smartkem Completes Concurrent Public/Private Offering of Common Stock and Warrants

Experience

Mineralys Therapeutics, Inc. Enters into $100M ATM Equity Offering Sales Agreement

Experience

Claros Technologies Secures $18M in Series A Financing

Experience

Roth Capital Partners is Placement Agent in $4.5M Offering and $16M Private Placement

Experience

Faegre Drinker Represents Miromatrix Medical Inc. in Sale of Company to United Therapeutics Corporation

Experience

Sale of Salo to Korn Ferry

Experience

Tactile Systems Technology Completes Public Offering of Common Stock

Experience

FGI Industries Competes Spin-off and IPO

Experience

Northland Securities Inc. Completes $5M Investment in HyreCar

Experience

Miromatrix Medical Closes $50M IPO

Experience

iMedia Advised on $24M 2022 Registered Direct Offering

Experience

Pineapple Energy Merges With Communications Systems Inc., Changes Name to Pineapple Holdings

Experience

Duos Technologies Closes $6.1M Public Offering

Experience

NeuroOne Medical Technologies Corporation Completes $12M Underwritten Registered Public Offering

Experience

Performant Financial Completes $43 Million Offering

Experience

Immersion Corporation Establishes $60 Million ATM Program

Experience

Thornburg Income Builder Opportunities Trust Raises $667M in IPO

Experience

iMedia Brands Completes $43.5M Public Offering of Common Stock

Experience

Full House Resorts Completes $46M Public Offering

Experience

Streamline Health Completes $14M Public Offering

Experience

Celcuity Completes $24M Public Offering

Experience

AquaBounty Technologies Closes $127.1M Public Offering

Experience

Phunware Completes $20M Public Offering

Experience

EQ Health Acquisition Corp. Sponsor Investment

Experience

Qumu Completes $25M Public Offering

Experience

Cohen & Co. Launches $75M At-The-Market Equity Offering

Experience

Investment Banks Underwrite AquaBounty Technologies Inc. Public Offering

Experience

Faegre Drinker Represents Onyx Enterprises in SPAC Merger Forming New Public Company PARTS iD

Experience

Craig-Hallum and The Benchmark Company Underwrite $19M Public Offering for Processa Pharmaceuticals

Experience

RiverNorth/DoubleLine Offering of Preferred Stock Nets $52+ Million

Experience

Broker-Dealer Underwrites Public Offering for Intellicheck Inc.

Experience

Craig-Hallum Capital Group Underwrites Approximately $14M Public Offering for Aspen Aerogels

Experience

Cowen Sustainable Advisors Executes $200 Million Investment Deal With EcoATM

Experience

Investment Bank Underwrites Public Offering for Akoustis Technologies Inc.

Experience

Investment Bank Underwrites Public Offering for Qumu Corp.

Experience

Evine Clinches Multimillion-Dollar Strategic Investment from The Invicta Watch Group

Experience

IZEA Worldwide, Inc. Announces $10 Million Public Offering of Common Stock

Experience

Northland Securities Underwrites Public Offering for Super League Gaming, Inc.

Experience

Endocyte Acquired by Novartis in $2.1B Agreement

Experience

Endocyte Completes $201.3 Million Public Offering

Experience

Issuer Direct Completes $14.4 Million Public Offering

Experience

IZEA Completes Public Offering

Experience

Flipgrid Sells to Microsoft

Experience

Limoneira Completes $69M Public Offering

Experience

QuickLogic Completes $15.5 Million Public Offering

Experience

LiqTech International Completes Public Offering

Experience

Fusion Completes $38.7 Million Public Offering

Experience

Leaf Group Completes $23.3 Million Public Offering

Experience

Chembio Diagnostics Completes Public Offering

Experience

U.S. Energy Sets Up At-The-Market Offering

Experience

Agricultural Company Enters Joint Venture to Grow Plant-Based Food Business

Experience

CUI Global, Inc. Completes Public Offering

Experience

CareDx Completes $20 Million Public Offering

Experience

Shareholders Complete Underwritten Offering of Tactile Medical Systems, Inc. Common Stock

Experience

Celcuity Completes IPO

Experience

Yuma Energy Completes Public Offering

Experience

EVINE Live Sells Boston Television Station for $13.5M

Experience

Netlist, Inc. Completes Public Offering

Experience

Monaker Group Completes Private Placement

Experience

Indentiv Closes $13.8 Million Public Offering

Experience

Aehr Test Systems Completes $17.25 Million Public Offering

Experience

QuickLogic Corporation Completes $15M Public Offering

Experience

Datalink Corporation Acquired by Insight Enterprises

Experience

Red Lion Hotels Books $20M Public Offering

Experience

Airgain Completes $52M Follow-On Offering

Experience

Marathon Patent Completes Public Offering

Experience

Tactile Systems Completes IPO

Experience

ChemBio Diagnostics Completes $13.8 Million Public Offering

Experience

Zimmer Biomet Acquires French Robotic Surgery Company

Experience

MTS Systems Completes Registered Common Stock and Tangible Equity Offerings

Experience

SPS Commerce Acquires Toolbox Solutions

Experience

ImmuCell Completes Public Offering

Experience

Ener-Core, Inc. Completes PIPE Financing

Experience

Drone Aviation Holding Corp. Completes PIPE Offering

Experience

Code42 Completes Series B Financing

Experience

SMTP Completes Public Offering

Experience

Acclerize Completes Concurrent Public/Private Offering

Experience

Vertex Energy Completes $25M PIPE Offering

Experience

CoLucid Pharmaceuticals Raises $55M in IPO

Experience

USA Truck’s Stockholders Complete $34.8M Public Offering

Experience

Chemical Company Makes $225M Acquisition in China

Experience

Northland Securities Completes Public/Private Offering for MagneGas

Experience

Datalink Corporation Acquires Bear Data Solutions, Inc.

Experience

Salo LLC Purchases Assets of The Johnsson Group from PRGX Global, Inc.

Experience

Northland Securities Completes Public/Private Offering for MagneGas

Experience

Baxter Healthcare Invests in Rockwell Medical

Experience

Spanlink Completes Sale to ConvergeOne

Experience

Motorcar Parts of America, Inc. Completes $71.8M Public Offering

Experience

Convey Compliance Systems LLC Acquired by Taxware LLC

Experience

Australia Based MOKO Social Media Completes U.S. IPO

Experience

Private Equity Firms Purchase Horizon Hobby

Experience

Titan Machinery Completes IPO and Follow-On Offering Raising $226M

Experience

Retek Completes Sale to Oracle for $670M

Experience

Celcuity Inc. Raises Nearly $300M in Dual Public Offerings

Experience

PIPE Investment In Evine Live

Experience

Stellent, Inc. Sold to Oracle for $440 Million

Insights & Events

Other Perspectives
  • The “Baby Shelf” Requirements: A Compliance Guide for Issuers
    Republished in Insights: The Corporate and Securities Law Advisor, October 2022

Leadership & Community

Professional Associations

  • Minnesota Bar Association
  • Hennepin County Bar Association

Firm Leadership

  • Board Member, 2022-present

Honors

  • Chambers USA — Minnesota, Capital Markets: Debt & Equity, 2021-25
  • Chambers USA — Minnesota, Corporate/M&A, 2018-25
  • LMG Life Sciences — Leading Life Sciences Lawyer, 2021-25
  • LMG Life Sciences — Life Sciences Star, 2020-22
  • Best Lawyers® — Mergers and Acquisitions Law, 2023-26; Securities/Capital Markets Law, 2025-26
  • Minnesota Super Lawyers — Rising Star, Securities & Corporate Finance, 2006, 2008, and 2010-11