Raising Capital
Securities Act Secondary Distributions Insider resales - §2(a)(11) Broker as underwriter –“offers or sells for issuer icw the distribution” –"issuer" includes.
Securities Act Registration Exemptions Section 4(2) Nine big words “qualified investors” –“sophistication” plus –“access to information” (last updated.
Securities Act Secondary Market Transactions Rule 144 Coverage –Insiders resales (“affiliates”) –Non-insider resales (“restricted shares”) –Brokers facilitating.
Securities Act Secondary Distributions Rule 144A Coverage –Resales of “restricted shares” –Offers/sales only to “qualified institutional buyers” –Brokers.
Securities Act Secondary Distributions
Securities Act Secondary Distributions Who is “underwriter”? §2(a)(11) “purchase … with view to … the distribution” –come to rest –distribution vs. market.
Takeover Code 2011
Securities Act Registration Exemptions