09/07/2012 - People Got to be Free (to Advertise): Proposed Rules to Permit Advertising in Rule 506 Offerings
On August 29, 2012, the Securities and Exchange Commission released proposed rules to permit general advertising and solicitation in certain private placement offerings as required by the recently enacted JOBS Act. The proposed rules permit issuers to advertise in connection with Rule 506 private placement offerings so long as the securities are sold only to accredited investors.
05/07/2012 - The JOBS Act: The New “Crowdfunding” Exemption
One of the most innovative and exciting sections of the new Jumpstart Our Business Startups Act (the “JOBS Act”) creates a new “crowdfunding” exemption from state and federal securities law registration.
05/01/2012 - Development Opportunities in the Cloud
Haynes and Boone is proud to have participated in "Development Opportunities in the Cloud," presented by the Metroplex Technology Business Council (MTBC) on April 19, 2012.
04/19/2012 - M&A in the Cloud
What Does M&A Activity Look Like in the Cloud?
04/16/2012 - The JOBS Act: Significant Changes for Raising Private Capital
The new Jumpstart Our Business Startups Act (the “JOBS Act”), signed into law on April 5, 2012, contains a number of substantial revisions to U.S. securities laws that will affect the manner in which businesses may obtain private financing, including (among other things) removing the restriction on general solicitation and advertising when selling securities in a “private placement” (the sale of a company’s securities in a transaction that is exempt from federal registration requirements).
04/05/2012 - An Overview of the New JOBS Act
On April 5, 2012, President Obama signed into law the Jumpstart Our Business Startups Act (the “JOBS Act”). The JOBS Act contains a number of provisions designed to assist small businesses and growing companies in obtaining capital, including modifying restrictions on making general solicitations when making a private offering, creating a new exemption from registration for “crowdfunding,” relaxing certain requirements for initial public offerings, and increasing the number of shareholders a company is permitted to have before it must register with the Securities and Exchange Commission (the “SEC”).
02/01/2010 - Coming to Terms
You've found an investor who's willing to make a substantial investment in your biotech company—that's great news. But after the handshake, the next thing is to negotiate the term sheet outlining the structure of the transaction to ensure a true meeting of the minds.
06/11/2009 - The Benefits of Shutting Down a Corporation
Law360, New York (June 11, 2009) -- In the past several years, we have had the sad experience of being legal counsel for several failing high-tech companies. In many cases, our clients were victims of a tough economy, a difficult environment for raising equity or investors who simply gave up on the company. Each of these clients shut their doors and ceased doing business.
Reprinted by permission from Law360
02/12/2009 - SEC Mandates Interactive Data Financial Reporting
The Securities and Exchange Commission (SEC) issued rules that will require most public companies to file financial statements with the SEC in eXtensible Business Reporting Language (XBRL). Interactive data in XBRL format permits users of financial information to automatically download financial data directly into documents and analytical tools.
03/01/2006 - IPO ALERT: Accessing the Capital Markets
Small-cap and mid-cap companies now face sharply increased costs for being publicly traded (due in part to the Sarbanes-Oxley Act) and substantially less following by research analysts on Wall Street. As a result, the prospects for IPOs by small and companies are currently bleak.
01/31/2003 - 24 - SEC Adopts New Rules on Auditor Independence
On January 28, 2003, the SEC published additional rules regarding the independence of accounting firms that audit the financial statements of public companies. These rules are a result of the Sarbanes-Oxley Act of 2002 (the “Act”) and were adopted by the SEC in accordance with Section 208(a) of the Act, although certain aspects of the rules expand upon the auditor independence provisions of the Act.
01/28/2003 - SEC Adopts Rules Governing Determination and Disclosure of Audit Committee Financial Experts
01/24/2003 - SEC Adopts Code of Ethics Disclosure Rules
01/24/2003 - SEC Adopts Rules Governing Disclosure of Non-GAAP Financial Measures and Amendments to Form 8-K
12/04/2002 - SEC Proposes Rules to Federalize Professional Conduct for Lawyers Practicing Before the SEC
11/01/2002 - SEC Proposes Rules on Internal Controls, Ethics Codes and Financial Experts on Audit Committees
09/18/2002 - NYSE Submits Changes to Corporate Accountability and Listing Standards to SEC for Approval
09/10/2002 - SEC Issues Final Rules On Accelerated Filing Deadlines for Certain Public Companies
09/04/2002 - SEC Issues Final Rules on Certification of Disclosure in Quarterly and Annual Reports
08/30/2002 - Sarbanes-Oxley Prohibition on Loans to Executives May Conflict with Compensation Practices
08/30/2002 - Sarbanes-Oxley Act of 2002: SEC Adopts Amendments to Accelerate Section 16 Filings
08/14/2002 - Sarbanes-Oxley Act of 2002: Important Changes to Insider Reporting Deadlines under Section 16
08/09/2002 - Sarbanes-Oxley Act of 2002: Suggestions for Compliance