PIPE transactions were created to be an effective capital raising approach for public companies when there were few, if any, other satisfactory financing alternatives. While there are now a number of other confidentially marketed securities offering methodologies, for the reasons discussed in this article, PIPE transactions may be the most efficient or only alternative for

Late last week, the House Appropriations Committee approved a bill that addresses the budgets for among other agencies, the Securities and Exchange Commission.  While the bill would authorize an increase in the SEC budget for fiscal year 2021, it comes with strings.  The bill contains a section, Section 540 (repeated below), which would condition spending

The first quarter 2020 PwC/CB Insights MoneyTree Report for the first quarter of 2020 provides insights on the level of venture funding.

US venture capital deal activity has declined for three straight quarters, with 1,533 deals raising $28.6 billion, 1,399 deals raising $23.3 billion, and 1,271 deals raising $26.4 billion raised, respectively, in each of

As we had previously blogged, the Securities and Exchange Commission will hold its Small Business Forum on June 18, 2020, virtually.  While the annual program always addresses critical capital formation issues, this year’s agenda promises to bring fresh perspectives and touch on timely topics, including supporting women entrepreneurs, building companies in rural communities that may

The private investment in public equity (PIPE) transaction has proven to be a popular financing tool in volatile markets. For the first five months of 2020, $29.3 billion has been raised through PIPE transactions, primarily in the healthcare and technology sectors.

Data source: PrivateRaise

Comparing timeframes (January 1 through June 9) year-over-year since 2015, there

During the first quarter of 2020, venture funding levels in the global healthcare and life sciences sector has increased 4% by dollars raised, quarter-over-quarter, despite the turbulent COVID-19 environment. According to a recent CB Insights report, healthcare companies raised $14.6 billion this past quarter in 1,156 deals. Deal volume decreased 6% quarter-over-quarter. The inverse

The Securities and Exchange Commission will host the 39th annual Government-Business Forum on Small Business Capital Formation virtually on June 18, 2020.  The Forum will be live streamed.  It will focus on the challenges faced by small businesses in the current environment.  Sessions also will address women-owned, minority-owned, and rural businesses and their investors and

Tech companies at all growth stages are facing capital raising and operating challenges brought about by the global COVID-19 pandemic.  A recent CB Insights client briefing explored these novel business pressures.

To add some perspective, an analysis of earnings calls provided by CB Insights showed that the mentions of “layoffs,” “furloughs” and “hiring freezes” in

The Securities and Exchange Commission announced that the Small Business Capital Formation Advisory Committee will meet on May 8, 2020, by video, which will be webcast live.  The Committee will discuss the SEC’s capital formation proposal, which aims to simplify and harmonize the exempt offering framework.  In addition, the Committee will continue its discussion regarding