PIPE Transactions and Registered Direct Offerings: Alternative Capital Raising, PE Investment Opportunity
Issuer Requirements, Structuring Concerns, Key Terms and Negotiating Points
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will examine the mechanics of traditional private investments in public equity (PIPEs) as well as registered direct offerings. The panel will discuss short-term advantages and follow-up obligations for issuers, key terms, and issues for investors to consider when engaging in these transactions.
- Pros and cons of PIPE transactions and strategic uses
- Issuer requirements and investor due diligence
- PIPE terms and negotiating points
- Registered direct transactions
- Other structuring considerations
The panel will review these and other key issues:
- What are the key advantages of PIPE transactions over a traditional offering of securities?
- How has COVID-19 impacted public offerings of securities and the use of PIPEs as an alternative financing vehicle?
- What are the essential terms and negotiating points for traditional PIPEs?
- Why might a registered direct transaction be preferred over a standard PIPE transaction? Are there any additional registration requirements?
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.Close
Sichenzia Ross Ference
Mr. Sichenzia counsels public and private companies in all securities laws matters, and he has also been... | Read More
Mr. Sichenzia counsels public and private companies in all securities laws matters, and he has also been responsible for structuring innovative merger and acquisition transactions. He represents companies and investment banks in initial public offerings of securities and represents public companies in “PIPEs” and the resulting resale registration statements associated with these financings. He has worked closely with the SEC staff in establishing guidelines for PIPEs transactions. Additionally, he actively represents FINRA member broker-dealers in various matters with regulatory agencies.Close
Mark D. Wood
Katten Muchin Rosenman
Mr. Wood is head of his firm's securities practice and concentrates in corporate and securities law. He... | Read More
Mr. Wood is head of his firm's securities practice and concentrates in corporate and securities law. He represents public companies, issuers and investment banks in IPOs and other public offerings of equity and debt securities and other securities matters. He also represents clients in complex corporate transactions, including tender offers, mergers, acquisitions, dispositions, going-private transactions, private equity investments, joint ventures and strategic alliances. He is a leading practitioner in representing investors, public companies and placement agencies in PIPE transactions. In addition, he also counsels public companies on securities law compliance, disclosures, corporate governance and compensation-related issues.Close