Michael Zuppone, a partner and chair of the Securities Practice Group at law firm Paul Hastings, Janofsky & Walker LLP in New York, recalls doing a private placement
a few years ago for a fulfillment company in the e-commerce sector.
In this and other respects, the process of conducting and completing a Rule 144A offering can be more efficient than that associated with a traditional private placement
, in which multiple investors might not act together as a group and the process generally lacks the centralization and uniformity imposed by having a single underwriting investment bank or syndicate.
wrappers should be set up as nonmodified endowment contracts in which premiums are paid over several years.
As long as you maintain control of the business (a minimum 51% equity stake), a private placement
can be a viable avenue to take.
The private placement
market is an important source of long-term funds for U.
WALLACE, Idaho -- Sterling Mining Company (OTCBB:SRLM) (the "Company") announced today that it has closed a US$8,498,500 private placement
offering consisting of 3,695,000 units ("Units") at a price of US$2.
By contrast, the private placement
market, long a standby of middle-market companies, may have had more money to lend in 1990 than there were takers, with its funding volume falling to only $70 billion, from 1989's $190 billion and 1988's $175 billion.
OTCBB: REDI), a leading provider of telematics-based management solutions for commercial fleets, today reported that the Company has entered into a Note and Warrant Purchase Agreement for the sale of up to $1,754,000 of series B secured convertible notes ("Series B Notes"), including original issue discount notes ("OID Notes") in the aggregate amount of $701,600, in a private placement
transaction with several institutional and accredited investors.
NASDAQ:IMNY), the leading provider of advanced Contract Lifecycle Management (CLM) solutions for managing corporate commitments, today announced it has entered into a definitive agreement with institutional and other accredited investors, including existing stockholders and affiliated entities, for the private placement
of approximately 3,538,000 units of the company's securities.
Thunder Sword" or the "Company") (TSX VENTURE: THU) is pleased to announce the receipt of its private placement
proceeds of $2,000,000.
5 million of the private placement
will be invested by certain members of the Company's Board of Directors, with the balance from certain institutional and accredited investors.
NEW YORK -- Branded Media Corporation (BMCP), ("Branded Media" or the "Company"), a brand building, marketing and management company, today announced that it has completed a private placement
of units of convertible debentures with detachable warrants to accredited investors.