The Securities and Exchange Commission’s Office of the Advocate for Small Business Capital Formation issued on December 16, 2022 its 2022 Annual Report to the U.S. Congress and to the SEC detailing how entrepreneurs, investors, and private and smaller public companies are engaging in capital raising. The Report provides a wealth of data from the
Private Companies
Global VC Funding Trends in 2022 Q3
The CB Insights’ State of Venture Report for the third quarter of 2022 notes that global venture funding declined to $74.5 billion in the third quarter, down 58% from the funding peak in the fourth quarter of 2021. This represents a quarter-over-quarter contraction of 34%, the largest quarterly percentage drop in a decade, with the…
Hot Topics in Equity Compensation and Tax Issues for Emerging Companies
November 9, 2022 Hybrid Event
2:00 pm –3:00 pm EST
Join Mayer Brown partners, Ryan Liebl and Remmelt Reigersman, for a timely discussion on the most frequently asked questions and hot topics related to equity compensation and tax matters affecting emerging companies and their investors, including the following:
- Advantages and disadvantages of different types of
Unicorniphobia
In the paper, “Unicorniphobia,” Alexander I. Platt counters the viewpoint held by many legal scholars and regulators, including the SEC, that unicorns pose regulatory, financial, and social risks. Many recent articles argue that unicorns pose concerns because: they are not subject to SEC reporting and SEC scrutiny and oversight; unicorn CEOs/founders are usually innovative but…
Hot Topics in Executive Compensation
October 6, 2022 Webinar
10:00am – 11:00am CDT
Register here.
Please join us for Mayer Brown’s Benefits & Compensation University. During this series of webinars, we are exploring ERISA, benefits and compensation issues in depth and hearing from leading Mayer Brown lawyers about the changing regulatory landscape. The Mayer Brown team will provide practical…
41st Annual Small Business Forum
Recently, the Securities and Exchange Commission (the “SEC”) released its report to Congress summarizing the principal policy recommendations made at the 41st Annual Government-Business Forum on Small Business Capital Formation (the “Small Business Forum”). The Small Business Forum was led by the SEC’s Office of the Advocate for Small Business Capital Formation in cooperation with…
New Compliance and Disclosure Interpretation Regulates Forward Contracts on Restricted Securities
On June 9, 2022, the staff (“Staff”) of the US Securities and Exchange Commission (“SEC”) added Question 101.01 to its Compliance and Disclosure Interpretations (“C&DI”), addressing forward contracts on restricted securities. The new CD&I clarifies that forward contracts on restricted securities would not be considered “intended to be physically settled” under certain circumstances as discussed…
Recalibrating Regulation of Private Markets?
In various public statements of late, representatives of the Securities and Exchange Commission have noted concern regarding the growth of the private markets. The statements have pointed to the fact that fundraising in the private markets has surpassed fundraising in the public markets. For example, a recent speech cited statistics that private assets under management…
Notable Trends in the Private Markets
The private market ecosystem experienced strong growth in 2021. The number of recognized unicorns (defined as private companies having $1B+ valuation) grew from 564 in 2020 to 882 in 2021. Nasdaq Private Markets’ (“NPM”) 2021 Annual Report noted that in addition to elevated deal size for companies, secondaries have evolved as an avenue to provide…
How to Exit the US Public Markets & Options for US-Listed Chinese Companies
Webinar | Hosted by the Practising Law Institute (PLI)
October 13, 2021, 1:00pm – 2:00pm EDT
Recently proposed legislation in the US along with rising tensions between the US and China present significant challenges for US-listed companies with substantial operations in China.
During this PLI-hosted event, Mayer Brown LLP partners, Jason T. Elder and Christina…