Succession planning is a critical aspect of managing small, closely held businesses, as the unexpected departure of a key leader can significantly disrupt operations and challenge the business's legal...
Entering into a letter of intent for an office lease agreement? Consult our playbook for valuable key provisions, alternative language provisions, and guidance for both landlords and tenants. Download...
In the complex world of M&A transactions, transition services agreements (TSAs) serve as critical bridges between deal closing and operational independence thus creating stability during organizational...
This practice note covers key legal and regulatory issues to evaluate, questions to ask, and documents to review in medical device or diagnostic technology deals, including M&A, investments, financings...
A private investment in public equity (PIPE) is an alternative to traditional capital markets transactions and a financing option for public companies. A PIPE consists of a private offering of unregistered securities exempt from the registration requirements of Section 5 of the Securities Act of 1933. A PIPE is typically structured as a private placement under Rule 506 of Regulation D. Under Rule 506, an offering can include an unlimited number of accredited investors and up to 35 non-accredited investors. Under the recent amendments to Rule 506, issuers can choose to comply with Rule 506(b) which prohibits any form of general solicitation or general advertising, or Rule 506(c) which allows for general solicitation provided that each purchaser is an accredited investor, and the issuer takes reasonable steps to verify that each purchaser is an accredited investor.
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