Which came first? Going public or financing?

Many companies seek to go public in order to obtain needed capital for the growth of their business. Some companies, seeking that capital, meet a potential source who suggests that going public will make it easier for them to raise this particular round of financing, even though they may not have been considering going public. ...

Coming Home

A busy week for those of us in smallcap, PIPEs, reverse mergers and APOs as the annual PIPEs Conference convened in NY, so not much else new to write, the SEC has not yet announced anything (although they have declared this Disability Employment Awareness Month), so a moment off to write about, as they say ...

Tip of the Week: So Many Issues in Buying a Shell

One topic we simply didn’t have much room for in the book was the mechanics of “purchasing” a shell. Many shell players find shells and acquire a controlling interest prior to identifying a transaction to put in. This is true for both trading and non-trading virgin shells, as both types are flipped, typically for a ...

Waiting on the Sunshine Notice from the SEC

If the full 5-member Securities and Exchange Commission is holding a public hearing, they are required to give 10 days’ public notice, which is typically listed in the SEC’s website under “upcoming events.” Given John White’s statement last week that they are planning for the new small business proposals to be adopted before the end ...