To The Point - SEC Final Ruling

The SEC adopted rules, known as Regulation A+, that will allow private companies to make exempt public offerings of up to $50 million of securities within a 12-month period, as required by the Jumpstart Our Business Startups Act.

The rules establish two tiers of offerings under Regulation A: Tier 1 offerings of up to $20 million (up from $5 million previously) within a 12-month period and new Tier 2 offerings of up to $50 million within a 12-month period.

Roadmap to an IPO

An initial public offering is a transformational event for an organization. The preparation for being public is just as important as the preparation for going public. A company will need to meet additional requirements and continuing obligations as a public company that may require new skill sets, additional resources and changes to the business.

Thinking through these requirements in advance and developing an appropriate plan is the key to a successful entry into life as a public company and will reduce unexpected post-IPO issues.

Regulation D Private Placements

A securities offering exempt from registration with the SEC is sometimes referred to as a private placement or an unregistered offering.

Regulation D includes three SEC rules Rules 504, 505 and 506 that issuers often rely on to sell securities in unregistered offerings.

Collaborative Corporate Counsel

Business leaders increasingly look for GC who have commercial know-how who can communicate and collaborate with colleagues throughout the organisation to find solutions to address and manage their risk landscape.