SPACs Fighting Back

We learn from this week’s DealFlow Report that a number of special purpose acquisition companies (SPACs) have completed mergers with private operating businesses recently. However, more seem to be unsuccessful than the alternative, at least in trading following completion of their mergers. As we know, a SPAC completes an IPO as a shell, raising a bunch ...

Conflict Minerals Rule Challenged in Court

The National Association of Manufacturers and the US Chamber of Commerce have filed a lawsuit with the goal of reversing the SEC rules implemented in August, under the Dodd-Frank Act of 2011, requiring disclosure of ”conflict minerals.” The rules go into effect in 2014. Dodd-Frank enacted this rule as a way to try to stop the ...

Real Change For Law Schools?

Yesterday, the New York Times covered a major change in NYU Law School’s approach to the third year of law school. I have written about this, most recently about a year ago (see http://www.reversemergerblog.com/2011/11/22/small-digression-law-schools-time-for-change/). I have pushed for converting the last year of law school into more practical training. It appears NYU is joining several ...

See You at The #AlternativeAssetSummit

I am headed to warm Las Vegas to speak at the Alternative Asset Summit, a huge gathering of hedge fund folks. My panel, on Thursday morning, will talk about the JOBS Act and its actual and potential impact on hedge fund organization and investments. The dance card is filling up, but if you’re out there ...

#Entrepreneur Tip of the Week: Avoid Burnout!

The business took off more more than expected. The business is going much slower than expected. My spouse or a personal issue is making it very stressful to put the time and commitment I need into my business. These are just some of the causes of a common malady afflicting entrepreneurs: just plain exhaustion.  How ...

PIPEs and Financings Rise in Third Quarter

The third quarter of 2012 is looking nicely better for those helping small businesses raise money. According to the DealFlow Report, public companies raised over $11 billion in the quarter through private offerings. This is up from last year, and apparently you have to go back to 2008 to have such a good third quarter. ...

Double Check Those Legal Opinions

The DealFlow Report this week brings us the story of another attorney accused of issuing false legal opinions to get restrictive legends removed from stock certificates where the shares allegedly were not registered, nor was an exemption from registration available which would have permitted the removal of the legends. This particular attorney was quite experienced ...