PLI’s Private Placements and Hybrid Securities Offerings 2020

Webinar

Cleary Gottlieb partner Nicolas Grabar participated in PLI’s Private Placements and Hybrid Securities Offerings 2020 event. Topics included:

• Why companies rely more heavily on private placements and PIPE transactions in volatile markets
• Basic framework relating to exempt offerings, including Section 4(a)(2) and Regulation D
• Changes to accredited investor definition
• The bad actor rule and practical implications
• Guidance from the SEC Staff on “general solicitation” and “pre-existing substantive relationships”
• Resales of restricted securities; secondary sales of securities of privately held companies and private secondary markets
• Pre-IPO private placements and late-stage or “cross-over” private placements
• Special considerations for broker-dealers, investment advisers, and funds engaged in exempt offerings
• Amendments to Rule 701, enforcement matters, and other updates affecting Rule 701
• How to structure, document, and execute a: private placement to institutional investors, a PIPE transaction, a Rule 144A offering, a 4(a)(2) debt private placement, an at-the-market offering, and a confidentially marketed public offering (“CMPO”)

For more information, visit the event website.