On May 19, 2026, the U.S. Securities and Exchange Commission (the “SEC” or the “Commission”) proposed extensive amendments to the registered offering framework under the Securities Act of 1933, as amended (the “Securities Act”). The SEC’s rulemaking proposal on Registered Offering Reform (the “Proposal”) has the potential to be the most significant offering reform in
The ATM Survives the Float Drop
On March 19, 2026, the SEC staff issued a new Compliance and Disclosure Interpretation (Question 116.26) addressing how Form S-3 eligibility may impact an existing at-the-market (ATM) offering. The interpretation considers a situation where a company establishes an ATM offering while it qualifies under General Instruction I.B.1, which allows companies with at least $75 million
Private Placements and Hybrid Securities Offerings 2026
Hybrid | March 5-6, 2026
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Join us at the Practising Law Institute’s Private Placements and Hybrid Securities Offerings 2026 conference.
This annual event provides an overview of the legal framework applicable to exempt offerings, this year focusing on SEC staff guidance on private placements and exempt offerings. The second half of the program focuses
What’s the Deal: Advanced Topics in At-the-Market Offerings
Webinar | February 26, 2026
8:30 a.m. – 9:30 a.m. ET
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Due to weather disruptions, this session will be held virtually on Zoom. There will be no in-person attendance.
Join us for a webinar on at-the-market (“ATM”) offerings. ATM offerings continue to evolve as issuers and banks look for greater flexibility, alternative
SEC Charges Company for Allegedly Deficient ATM Disclosures
On June 25, 2024, the Securities and Exchange Commission (the “SEC”) charged an advanced materials company and its former executive officers with market manipulation, fraud and other securities law violations. The charges related to the alleged artificial inflation of the price of the company’s shares and the issuance and sale of shares through the company’s
What’s the Deal? Series: Block Trades, Standalone Blocks, Blocks off of ATMs, Tricky ATM Issues and More
May 9, 2024
8:30 a.m. – 9:30 a.m. EDT | Registration starts at 8 a.m.
Mayer Brown LLP 14th Floor, 1221 Avenue of the Americas, New York, NY 10020
Join us for an in-person CLE on Block Trades, Standalone Blocks, Blocks off of ATMs, Tricky ATM issues and more.
We will discuss the following, among
Pocket MBA 2022: Finance for Lawyers and Other Professionals
November 17 -18, 2022 Hybrid Event
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Practising Law Institute (PLI) is hosting its annual Pocket MBA 2022: Finance for Lawyers and Other Professionals program. Pocket MBA is PLI’s hallmark program for attorneys representing clients in the financial industry, but their background training is not primarily in accounting principles and financial concepts. This program
Equity Line Financings: Practical and Legal Considerations
September 7, 2022 Webinar
3:00pm – 4:00pm EDT
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Many SPACs and former SPACs, as well as other mid-cap public companies, are considering financing through equity line financing arrangements. Equity line transactions are similar in many ways to the more common at-the-market offering structure but distinct in important respects. During this briefing hosted
What’s the Deal? The Compendium. (2022 Update)
Well, What’s the Deal?
We updated our popular series and published a new compendium. It includes brief discussions in plain English on popular financing methodologies, securities law issues, and practice pointers. With over 170 pages of content, the compendium is available online now to print. See also the tab on the left.
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What’s the Deal? Compendium
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.