One of the most important aspects of the going public process involves deciding the terms of the offering that will be presented to investors. The terms of a company’s offering could have future impacts on your business. Investors want to know they will an exit strategy in the future and this can be accomplished a number of ways. Read More
As the Securities and Exchange Commission (“SEC”) finishes the rule making that provides a structure for full implementation of the JOBS Act, much has been written about its impact on going public transactions and foreign issuers. Less has been said about the benefits it may confer on foreign issuers trading in U.S. markets. Read More
On August 13, 2015, the Securities and Exchange Commission announced settlements and final judgments were entered against Danny Garber, Michael Manis, Kenneth Yellin, Jordan Feinstein, and certain entity defendants in SEC v. Garber et al., 12-cv-9339 (SAS) (S.D.N.Y.). Read More
The EB-5 visa program grants foreign investors a green card for themselves and their immediate family in exchange for a capital investment of at least $500,000 in a qualified U.S. business enterprise. To qualify under the EB-5 program, a foreign investor has two options. Read More
The Jumpstart Our Business Startups Act (the “JOBS Act”) allows an “emerging growth company” to submit a draft of its registration statement and exhibits to the Securities and Exchange Commission (the “SEC”) on a confidential basis. This blog posts addresses the common questions we receive about confidential registration statement submissions.
Q. When does an emerging growth company have to file its registration Read More
Corporate hijackings, also known as corporate identity theft, of public shell companies have been a problem for more than a decade. Hijackings are increasingly used by fraudsters to acquire control of publicly traded shell companies and then to sell them to unsuspecting private companies seeking to go public.
On August 5, 2014, the Attorney’s Office for the Western District of Washington announced criminal charges against Mikhail Galas, Alexander Hawatmeh, and Christopher Mrowca in connection with two heavily touted pot stocks, Growlife and Hemp, Inc., and several other penny issues.
According to the charges, the three young men—they’re in their early 20s–manipulated penny stocks, and then laundered the proceeds by purchasing precious metals.