Reynolds Holding

APRIL 28, 2022

So today’s topic is particularly apt. SPACs involve sophisticated sponsors, underwriters, shareholders, PIPE investors, and private operating companies. First by the sponsors and other SPAC related advisors, and then by the PIPE investors who come in at a later-stage. Working Paper No. 746/2021). [13] 15] See OIAD Letters. [16]

Marketability 56

Marketability Equity Alpha Capital Structure 56

ThomsonReuters

AUGUST 2, 2021

If the SPAC requires additional funds to complete the merger, it may issue debt or additional shares, such as a private investment in public equity (PIPE). . This SPAC boom has undoubtedly caught the attention of the SEC, with Staff in the Division of Corporation Finance issuing CF Disclosure Guidance: Topic No. FASB ASC Topics 480,?

Corporate Finance 52

Corporate Finance Equity Finance Compliance 52

Cooley M&A

JANUARY 23, 2024

For any potential reverse merger candidate trading below cash value, the burden will be on the company to convince the market (including PIPE investors) that its longer-term thesis (for a transaction or continuing to go it alone) is worth the gamble. billion.

Marketability 52

Marketability Equity Private Equity Firm Finance 52

Cooley M&A

DECEMBER 14, 2020

The group covered a wide range of topics during the 90-minute session, including three key themes highlighted below. Other benefits to deploying a SPAC include: • Additional capital can be raised by the SPAC through PIPE (private investment in public equities) transactions. What’s Driving the Interest in SPACs.

Private Equity Firm 52

Private Equity Firm Equity Marketability Banking 52

Musings on Markets

JUNE 9, 2021

As sponsors, they receive a significant stake (~20%) in the SPAC (called a promote), contributing little or nothing to capital, and in addition to finding and negotiating the price for a target company, they sometimes provide more capital to the target company through PIPEs (private investment in public equity).

Start-ups 52

Start-ups Marketability Banking Corporate Finance 52

Reynolds Holding

FEBRUARY 15, 2024

In a significant departure from the proposed rules, in lieu of adopting final rules addressing the status of potential statutory underwriters in de-SPAC transactions as well as SPACs under the Investment Company Act of 1940, the SEC elected to provide guidance on each of these controversial topics.

Finance 45

Finance Appraisal Marketability Treasury 45

Reynolds Holding

MAY 9, 2023

(Note that if a company chooses to require this alignment information from a nominating stockholder, it may also wish to disclose whether its own nominating committee has had similar alignment conversations with the company’s director candidates on topic such as, e.g. , retention of the CEO.

Dividends 45

Dividends Finance Equity Marketability 45