PLI’s Private Placements and Hybrid Securities Offerings 2021

Webinar

Cleary Gottlieb partner Nicolas Grabar participated in PLI’s Private Placements and Hybrid Securities Offerings 2021 event.

Topics discussed included:

• 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; PIPE transaction; Rule 144A offering; 4(a)(2) debt private placement; at-the-market offering; and confidentially marketed public offering (CMPO)

For more information, visit the event website.