Issuing convertible notes has long been an attractive capital-raising option for public companies. At its most basic essence, a convertible note is a debt instrument that pays interest and principal, but also carries the...more
5/1/2024
/ Business Valuations ,
Capital Raising ,
Common Stock ,
Conversion ,
Convertible Notes ,
Corporate Financing ,
Corporate Governance ,
Debt Instruments ,
Dilution ,
Hedging ,
Investors ,
Make-Whole Premium ,
Put and Call Options
In a direct listing, a company's outstanding shares are listed on a stock exchange without a primary or secondary underwritten offering. Existing security holders become free to sell shares on the stock exchange at...more
11/5/2019
/ Corporate Governance ,
Direct Listing ,
Initial Public Offering (IPO) ,
Listing Rules ,
Publicly-Traded Companies ,
Rule 144A ,
Securities Act of 1933 ,
Securities Exchange Act ,
Shareholders ,
Slack ,
Spotify ,
Stock Exchange
Spotify Technology S.A. went public on April 3, 2018 through a direct listing of its shares on the New York Stock Exchange.
Key Points:
..A direct listing is an innovative structure that provides companies with an...more
6/22/2018
/ Direct Listing ,
Early Stage Companies ,
Entrepreneurs ,
Financial Statements ,
Initial Public Offering (IPO) ,
Listing Rules ,
Music Industry ,
Music Streaming ,
Prospectus ,
Regulation M ,
Rule 144 ,
Securities and Exchange Commission (SEC) ,
Spotify
An Updated Look at the World of Offers -
It all seems simple enough. The concept of “offer” is broad under the securities laws, so companies and underwriters need to be careful about any publicity in connection with a...more
3/7/2014
/ Compliance ,
Corporate Counsel ,
Corporate Governance ,
Dodd-Frank ,
Initial Public Offering (IPO) ,
JOBS Act ,
Offers ,
Press Releases ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Underwriting