Continuous Offerings: Equity Line Financings and At the Market Offerings

Many smaller public companies seek access to financing through equity line financing arrangements.  Equity line transactions often are confused with continuous offerings that are structured as at the market offering programs.  Each financing alternative has distinct characteristics, and differ in important respects.  During this webcast, the speakers will discuss the following:

• Basic structure of an equity line; public versus private
• SEC’s historic analysis of private equity lines;
• Registration of securities sold in private equity line transactions;
• Overview of, and application of Nasdaq 20% limitation / shareholder vote rules to equity line financings;
• At the market offering basics;
• Application of Nasdaq rules to ATMs;
• Differences between equity lines and ATMs; and
• SEC’s S-3 baby shelf rules applied to continuous offerings.

Speakers

• Anna Pinedo, Mayer Brown
• Nikolai Utochkin, Nasdaq
• Steven Martin, Aspire Capital

Date & Time
July 9, 2020
1:00 PM – 2:00 PM EDT