The ways and means of going public vary as much in cost as they do in process. When it comes to taking your company public on a budget, one of the best known methods is by creating some type of shell from scratch. There are...
This interesting tid-bit comes to us from LitigationDaily (which sounds like a depressing website as it appears its entire purpose is to report on sad, but true class-action lawsuits). It's the story of the biotech firm, iBio, Inc. the Delaware firm whose experimental Ebola drug called...
Once all the proper registration information has been completed and submitted to both the SEC and NASD there is only one thing a company can do: wait. The particular examiner at the SEC that received the filing will typically issue a comment on the filing...
When I read this WSJ article this morning, it made me realize that the length of my mortgage was nothing compared to the sovereign debt from war bonds purchased about 100 years ago. Rate changes have made the repayment of some very old UK debts...
In the capital financing markets when founders are out pitching various investors they all-too-frequently fail to look at it from the perspective of the investor. Like betting on horses at the track, most investors can see a winner very early on in the business lifecycle....
Initial public offerings are funny things. In most cases an IPO is all about macro timing. Sure a company may have the brand recognition to get an initial pop on the stock (unless of course your Facebook), but unless the market remains strong and bullish,...
Public companies that also have a trading symbol (and its corresponding CUSIP #) can have shares trading in the "public float" as long as the appropriate SEC rules are followed. Unless the securities are exempt for some reason, all publicly traded securities must be registered...
The NASDAQ is the second-largest stock exchange by market cap in the world. As an American exchange, it has listed over 3,100 companies with average daily share trading volume at over two billion. NASDAQ has handled more IPOs than any other exchange. Since 2000, NASDAQ...
In some cases changing the name of the shell used in a reverse merger scenario is immaterial to the longevity of the business, especially if the private company still maintains complete autonomy and branding. The best example is the overly-referenced Berkshire Hathaway. When Warren Buffett...
After performing a reverse merger with Graymark Healthcare in 2013, Foundation Healthcare has been producing very poorly. The loss for 2013 totaled $20.4MM while the loss for the first half of 2014 hit $3.4MM. Analysts are not hopeful they will be able to pull out...