A compendium of our What’s the Deal? series, providing brief overviews of popular financing methodologies and securities issues and practice pointers, is now available for download here.
The Staff of the Division of Corporation Finance of the Securities and Exchange Commission released today a new Compliance & Disclosure Interpretation, 139.13, relating to equity lines, and has withdrawn several C&DIs (see here). For convenience, the text of 139.13 is reprinted below.
Question: In many equity line financings, the company…
October 6, 2020, 4:30pm EDT
This year’s US ECM Roundtable will be held as a virtual, two-part event, which will bring together senior market professionals to assess current themes in the industry and provide an outlook for the future.
The first webcast, titled The Great Equity Recapitalization in a Post-COVID-19…
Monday, September 21, 2020 and Tuesday, September 22, 2020
The PLI Pocket MBA is for attorneys representing clients in the financial industry. This two-day program is designed to improve your understanding of business strategies, accounting fundamentals and vocabulary used by management, investors, auditors and bankers.
Partner Jen Carlson, co-chair of the event,…
Thursday, October 8, 2020
1:00pm – 2:00pm EDT
Any issuer eligible to register its securities on Form S-3 should consider setting up an ATM program in order to maximize its opportunity to raise just-in-time capital. As a result of the economic downturn, volatility and uncertainty resulting from the pandemic, many issues have found…
July 9, 2020
1:00 pm- 2:00 pm EDT
Many smaller public companies seek access to financing through equity line financing arrangements. Equity line transactions often are confused with continuous offerings that are structured as at the market offering programs. Each financing alternative has distinct characteristics, and differ in important respects. During…
An “at-the-market” (“ATM”) offering is an offering of securities into an existing trading market for the securities at a price or prices related to the then-market price of the securities. ATM offerings are continuous offerings, and provide issuers with a flexible way to raise modest amounts of capital with minimal market impact, at a low…
Thursday, December 6, 2018
1:00 p.m. – 2:00 p.m. EST
Any issuer eligible to register its securities on Form S-3 should consider setting up an ATM program in order to maximize its opportunity to raise just-in-time capital. Significant selling stockholders may also benefit from the flexibility of the ATM structure in order to take advantage…
An at-the-market (ATM) offering is an offering of an issuer’s securities into the existing trading market for such securities at publicly available bid prices. An issuer’s internal legal team and outside counsel play critical roles in properly documenting an ATM offering. In this Lexis Top 10 Practice Tips: At-The-Market Offerings, we provide 10 practice…