Bigger, Bigger, Bigger, Better?

Holy big deal Batman! Several incredible milestones were reached in recent weeks as the PIPE and SPAC markets continue their explosive growth. First, what appears to be the largest PIPE ever was announced on November 28. According to DealFlow Media’s PIPE Wire, the $7.5 billion investment into Citigroup by Abu Dhabi Investment Group was structured ...

Rule 144 Changes Effective February 15, 2008

On December 15, the SEC’s release incorporating all the Rule 144 changes was published in the Federal Register. This means the changes will be effective on February 15, 2008. As a reminder, the new Rule 144 holding periods are retroactive, and relate to securities whether purchased before or after February 15. In the next few ...

SEC Approves Reduction in Rule 144 Holding Period

At an open hearing yesterday, the Securities and Exchange Commission approved three of the six proposals relating to improving the regulatory environment for smaller public companies. The remaining three proposals are expected to be addressed (and presumably approved) in the near future. The changes were touted by SEC Chairman Cox as showing the Commission’s “focus ...

Listen in Thursday Morning

As mentioned, the SEC will hold an open hearing on Thursday at 10 am to approve a number of the new smaller public company proposals, including the big changes to Rule 144. Instead of going to Washington, you can listen in on the webcast. Just go to www.sec.gov and you should see a box directing ...

SEC Will Approve Rule 144 and Other Changes on November 15

Last night the SEC posted a notice that there will be a meeting of the Commission on November 15. That meeting, among other things, will be to consider (a) adoption of the new Rule 144 changes, (b) eliminating Regulation S-B and migrating the scaled disclosure requirements from that regulation back to Regulation S-K and eliminating ...

And speaking of the power of technology…

Thanks to all! Yesterday was a new one-day record for number of visits to our humble little corner of cyberspace known as the Reverse Merger Blog. As we expand the scope of the blog to cover mostly all things small and microcap, I’m thrilled to see that a blog that never even once mentions Britney ...

Is LA the "Digital Canyon" to rival Silicon Valley?

As most of you know my lifelong home is in New York and my law firm is based in Manhattan. I just spent a few days on the left coast in Los Angeles, as I do a number of times each year. In addition to giving a talk to a very high powered networking group ...