Date

Sep 24 2020
Expired!

Time

12:00 pm - 12:45 pm

Cost

$Free

Raising Capital in the Current Environment

ATM Programs and Rights Offerings

In the current equity capital markets environment, innovative offerings that avoid massive dilution can be advantageous. ATM offering programs provide public companies an efficient means of raising capital over time by allowing a company to tap into the existing trading market for its shares on an as-and-when-needed basis. Rights offerings allow public companies to raise capital while offering all current shareholders the opportunity to participate equally, thereby allowing each shareholder to avoid objectionable dilution when trading prices are relatively low.

About this Event

In this presentation, we will discuss the mechanics of and recent developments in the uses and structures of ATM programs and rights offerings, including:

  • Advantages and disadvantages of each type of offering;
  • An overview of the basic mechanics of each type of offering;
  • Securities laws and stock exchange rules in each type of offering;
  • Managing conflicts of interest and affiliate purchasers in both types of offerings;
  • Disclosure requirements and guidelines;
  • Considerations during insider trading blackout periods;
  • Timing of reporting significant ATM issuances;
  • Effecting block trades and bought deals under ATM programs;
  • The role and compensation of banks in each type of offering;
  • Challenges in the economics of warrants issued in rights offerings; and
  • Recent SEC Staff guidance on how and when a company may register the securities issued in rights offerings

Location

Organizer

Gibson Dunn
Phone
346.718.6600
Website
www.gibsondunn.com
QR Code

Local Time

  • Timezone: America/New_York
  • Date: Sep 24 2020
  • Time: 1:00 pm - 1:45 pm

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