It's official. The new SEC rules ending the ban on advertising and general solicitation in Regulation D private securities offerings to accredited investors were published in the US Federal Register on July 24. They are effective 60 days later, or September 23, 2013. After that...
According to The Deal, there were eight IPOs of life science companies in May alone, more than the whole rest of the year leading up to May. This is good! And they are generally trading very well. In the second quarter, life science IPOs were...
The US House of Representatives recently passed a bill to prevent the Public Company Accounting Oversight Board (PCAOB) from requiring public companies to rotate their auditors every few years. You can find the text of the bill at http://www.govtrack.us/congress/bills/113/hr1564/text. As we know the PCAOB is overseen...
It looks like the small cap market just finished its strongest half year since 2008. That's good! According to The Deal, IPOs doubled, private investments in public equity (PIPEs) are up as are special purpose acquisition companies (SPACs), and additional public offerings by already public companies...
This is a little technical but will be important if it applies to you. In the new rules passed ending the ban on general solicitation and advertising in Regulation D Rule 506 private securities offerings, the SEC specifically discussed their impact on private equity, hedge...
As I wade through the newly passed and proposed rules relating to private securities offerings I will post some tidbits of note. This entry focuses on the "safe harbors." In the new rule ending the ban on general solicitation, while the SEC did not mandate...
The SEC minutes ago in an open hearing finally adopted rules required by the Jumpstart Our Business Startups (JOBS) Act to end the ban on general solicitation and advertising in private offerings of securities under Regulation D Rule 506 offerings. This will only be permitted...
I am headed to the Windy City tomorrow to attend the annual summer conference of the Alliance of M&A Advisors (AM&AA). You can still register here: http://www.amaaonline.com/node/20083 I have been a speaker at this conference and it is always a huge success, with hundreds of guests and...
While most of us were headed away for the July 4th weekend, the SEC announced that they will hold an open meeting on July 10, among other things, to decide whether to adopt rule changes to end the prohibition on general solicitation and advertising in...
A new SEC Chair has been in place for several months and her key top advisors are also now ensconced. She acknowledges the obligation of the Commission to attend to a variety of statutorily mandated rulemakings under both the Dodd-Frank Act and the Jumpstart our...