Based on data in Carta’s recently published State of the Markets report, the venture markets have experienced a slight uptick in number of deals and in dollars raised quarter-over-quarter. Companies on Carta’s platform completed 4% more deals and raised 12% more capital during the second quarter of 2024 compared to the first quarter. During the
The PIPEline’s Heating Up: Recent Trends in PIPE Transactions
The PIPE market has proven to be resilient during times of stress. In 2023, issuers raised over $33.8 billion in 809 PIPE transactions according to PrivateRaise. This is considerably less than in 2021 during which issuers raised over $108.8 billion. However, PIPE transaction activity has accelerated during the first five months of 2024. Between
MB Microtalk: FINRA Notice on Private Placements – Part 3
In this MB Microtalk video, Mayer Brown’s Tim Nagy discusses FINRA Regulatory Notice 23-08, which provides supplemental and updated guidance on private placements.
Read our related client alert.
This microtalk is a part of a series on the FINRA Notice on Private Placements. Parts 1, 2 and 4 are available on our MB Microtalk
MB Microtalk: FINRA Notice on Private Placements – Part 2
In this MB Microtalk video, Mayer Brown’s Tim Nagy discusses FINRA Regulatory Notice 23-08, which provides supplemental and updated guidance on private placements.
Read our related client alert.
This microtalk is a part of a series on the FINRA Notice on Private Placements. Parts 1, 3 and 4 are available on our MB Microtalk
MB Microtalk: FINRA Notice on Private Placements – Part 1
In this MB Microtalk video, Mayer Brown’s Tim Nagy discusses FINRA Regulatory Notice 23-08, which provides supplemental and updated guidance on private placements.
Read our related client alert.
This microtalk is a part of a series on FINRA Regulatory Notice 23-08. Parts 2, 3 and 4 are available on our MB Microtalk page.
AIFMD II – What EU and Non-EU Fund Managers Need To Know
In order to harmonize the regulatory framework governing the European fund market, the European Commission has revised the existing Alternative Investment Fund Manager Directive – Directive 2011/61/EU (the “AIFMD”), with the introduction of the Alternative Investment Fund Manager Directive II (“AIFMD II”).
The European Commission sees a particular need for change in the areas of
Private Capital and Exempt Offering Trends in SEC OASB Report
In its Annual Report (the “Report”), the Securities and Exchange Commission’s Office of the Advocate for Small Business Capital Formation (OASB) provides data on the reliance by private and public companies on exempt offerings to raise capital. Based on data provided by the SEC’s Division of Economic and Risk Analysis, between July 1, 2022 and
SEC Office of the Investor Advocate Report
Recently, the SEC’s Office of the Investor Advocate released its Report on Activities for Fiscal Year 2023, which is required to be delivered to Congress. The Report highlights the work of the Office on investor protection issues. The Report discusses the Office’s work relating to its policy-oriented stakeholder and investor testing for innovative and effective
SEC Investor Advisory Committee Meets and Considers Various Private Placement Related Topics
On September 21, 2023, the U.S. Securities and Exchange Commission’s (the “SEC”) Investor Advisory Committee (“IAC”) met to consider certain matters included on the SEC’s rulemaking agenda for this fall, such as exempt offerings under Regulation D Rule 506 and the definition of accredited investor. The following provides a brief summary of discussions at the
Alternative Finance Summit 2023: Fintech, Blockchain, and Crowdfunding
September 26, 2023 Webinar
9:00 a.m. EDT
Register here.
Alternative finance continues to drive significant engagement with the investment community. But it also raises many more questions than answers about what the future holds for fintech, blockchain and crowdfunding. The Practising Law Insitutue (PLI) will host this program where leading industry lawyers, dealmakers, and