Today I'm attending the Practising Law Institute's Securities Regulation Institute, the annual educational gathering of mostly big law firm securities lawyers. Keith Higgins, the SEC's very capable head of Corporation Finance, disclosed some interesting stats on how Regulation A+ is going. So far, since the new...
Several recent articles are suggesting that "the jury is still out" on whether Regulation A+ will indeed usher in a new era of small, cost-effective IPOs. We all knew there would be, as my late sailor father used to say, a shakedown cruise as with...
Hostess Brands LLC, which makes the iconic Twinkies, cupcakes, Ding Dongs and others, is going public by merging with a public "shell" vehicle known as a special purpose acquisition company, or SPAC. Current owners Apollo Global Management and others will give up control but retain...
I have now had a chance to read the 23-page, very well-written, clear and concise DC Circuit court opinion on the Reg A+ challenge brought by two states. The ruling started with a brief history of securities law, how it started with the states but...