Alternative Public Offerings: An Emerging IPO Option
Using APOs to Go Public and Gain Faster and More Cost-Efficient Access to Capital Markets
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will provide strategies for counsel advising private companies on alternative routes to go public with the goal of accessing capital markets. The panel will discuss recent trends for going public, outlining a variety of APO options, benefits associated with each and regulatory changes to consider.
Outline
- Alternatives to IPOs
- Reverse mergers
- Direct Public Offering (DPO)
- Spinoff followed by a reverse merger
- Private placement offering followed by a secondary public offering
- Private placement followed by a holding period
- Benefits of APOs
- Regulatory Changes and Updates
- Rule 144 changes
- Form 8-k (“super" 8-k)
- Capital raising in connection with APOs
- Best practices
- Negotiating the terms
- Drafting transaction documents
- Finalizing the closing
- Filing and reporting requirements
Benefits
The panel will review these and other key questions:
- What are the key considerations to decide whether to structure the transaction as an APO, and to decide which APO option to use?
- What considerations should be given when negotiating, drafting, and finalizing the APO?
- What are the recent regulatory changes affecting APOs?
- What are some capital raising options for APOs?
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
Faculty
Donald C. Reinke
Partner
Reed Smith
He has extensive experience in the areas of venture capital finance, public securities offerings, mergers and... | Read More
He has extensive experience in the areas of venture capital finance, public securities offerings, mergers and acquisitions, and other general corporate representation of emerging growth companies, as well as venture funds and investment banks.He is currently a Deputy Chair of the firm’s Global Emerging Company/Venture Capital Practice.
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Eleazer Klein
Partner
Schulte Roth & Zabel
Mr. Klein is co-chair of the firm’s global Shareholder Activism Group. He practices in the areas of shareholder... | Read More
Mr. Klein is co-chair of the firm’s global Shareholder Activism Group. He practices in the areas of shareholder activism, M&As, securities law and regulatory compliance. Mr. Klein represents activists, investment banks and companies in matters ranging from corporate governance and control to proxy contests and defensive strategies. He works on numerous activist campaigns and related transactions every year for some of the largest private investment groups and investment banks in the U.S. and abroad. In addition, Mr. Klein advises on PIPEs, IPOs and secondary offerings, venture capital financing, and indenture defaults and interpretation.
CloseDavid N. Feldman
Partner
Richardson & Patel
He is considered one of the country's leading experts on reverse mergers. His practice focuses on corporate and... | Read More
He is considered one of the country's leading experts on reverse mergers. His practice focuses on corporate and securities matters, particularly mergers and acquisitions, private equity, debt, venture capital and other financings. He is a frequent speaker on issues related to formation, management and acquisition of public shell companies and implementation of reverse mergers.
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