Here's a free one for my investor and venture capital friends. More and more serious players are lining up to get ready for IPOs under the new Regulation A+. We are about to see companies go public through Reg A+ directly onto national exchanges. Noted...
I was honored Thursday to speak on a panel at the SEC's annual small business capital formation forum. I also co-moderated a breakout session developing recommendations to improve regulation of smaller reporting companies. My talk on the panel provided an update on Regulation A+ and...
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...
We'll be back at the SEC again in a few weeks for their annual Government-Business Forum on Small Business Capital Formation (ye olde GBFSBCF). There we listen to panels in the morning, and have breakout sessions in the afternoon where recommendations are developed and presented....
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...
June 19 will be one year since the effectiveness of the SEC's new rules on Regulation A+ under the Jumpstart our Business Startups (JOBS) Act of 2012. So what's happened in the interim? According to information I very recently received: 99 deals filed, of which 55...
As the thermometer hits 79 today here in NY, the IPO market also seems to be thawing out of a long winter. Last week the BATS stock exchange went public and saw a 21% bump in its first day of post-IPO trading after raising about...
Another first for Elio Motors, having now completed their IPO and starting to trade on the OTCQX market under the symbol ELIO. This is the first Regulation A+ deal to trade. Congratulations to all involved in that deal. Put a pin in this as really the...