On June 28, 2018, the Securities and Exchange Commission voted to adopt amendments to its eXtensible Business Reporting Language (“XBRL”) requirements for operating companies and funds.1 The amendments require the use of the Inline XBRL format for the submission of operating company financial statement information and fund risk/return summary
Locke Lord QuickStudy: More Public Companies Will Soon Be Able to Qualify for Scaled Disclosures
Locke Lord QuickStudy: SEC Announces Cryptocurrency Ether Is Not a Security – Uncertainty Still Remains
On June 14, 2018, the Securities and Exchanges Commission (“SEC”) marked a paradigm shift in the way that cryptocurrencies, protocol tokens, and other block-chain based digital assets (“Crypto Assets”) are being described or categorized in the securities regulatory environment. While giving a speech at the Yahoo
Marketing Trends 2017/18: Confidentially Marketed Public Offerings
Overview
A confidentially marketed public offering (CMPO), sometimes referred to as a wall-crossed offering or premarketed offering, is an offering that is initially marketed to specific institutional investors who may have an interest in purchasing the issuer’s securities. During this initial, confidential phase, no public announcement of the offering is
Marketing Trends 2017/18: Master Limited Partnerships
Overview
Emerging from a difficult few years due to low and volatile energy prices, master limited partnerships (MLPs) had an eventful 2017. While in recent years the low energy prices have claimed several MLPs (especially upstream MLPs engaged in the exploration and production activities), other MLPs have been busy charting
Marketing Trends 2017/18: At-the-Market Equity Offerings
Overview
At-the-market offerings (ATM offerings or ATM programs) enable companies to access the capital markets in a quick and efficient manner. This article discusses the market trends for ATM offerings in 2017 as well as deal structure and process, disclosure trends, and outlook for 2018. ATM offerings had a record
Marketing Trends 2017/18: Follow-On Offerings
Initial public offerings (IPOs) have long been viewed as the most significant event for a business. An IPO marks the first time a company offers shares of its equity securities to the general public. Entrepreneurs and investors typically use their IPO to gain access to broad capital markets needed to
Locke Lord QuickStudy: Crypto Copycats Beware: Fair Use Of Financial Technology In Wake Of Oracle v. Google
Locke Lord QuickStudy: Proxy Season is Coming
The 2018 proxy season is almost upon us. This QuickStudy recaps some important policy updates and new disclosure requirements to keep in mind as proxy preparations begin in earnest this winter.
ISS and Glass Lewis 2018 Voting Policy Updates
Both ISS and Glass Lewis have updated their proxy voting guidelines
Special Purpose Acquisition Company Offerings and Transactions
Houston Partners Michael Blankenship and Eric Johnson co-authored a Lexis Practice Advisor article, which discusses special purpose acquisition company (SPAC) offerings and transactions. In the article, the authors explain what a SPAC is, the SPAC IPO process, typical SPAC features and more.
To read the full article, click here.