Speaking Engagement

Houlihan Lokey, Paul Hastings and Sagient/PlacementTracker Present an Interactive Webinar: PIPEs: The Ever-Evolving Financing Technique

Thursday, May 14 04:00 AM GMT to 04:00 AM GMT

Over the past several years, the PIPEs (Private Investment in Public Equity) market has come of age. In addition to the historical role as a popular financing method for small- to medium-sized companies, PIPEs have begun to be used as a broader financing mechanism in situations where SEC registration hasn't been available. Indeed, General Electric recently used a PIPE structure to attract an investment from Berkshire Hathaway, and even financial sponsors have started to turn to PIPEs as an alternative method of investing. Conventional follow-on offerings have also started incorporating some aspects of PIPE execution through a rise in the use of issuer-approved "wall crossings" of investors.

Please join investment, legal and research experts from Houlihan Lokey, Paul Hastings, and Sagient/PlacementTracker as they explore the current market for PIPE financing. Specific topics to be covered include:

• An introduction to PIPEs, including an overview of structures and basic definitions

• Types of PIPE investors, including several new entrants and their effect on the market

• Key terms of convertible and common issuances

• Key negotiating variables, particularly in the technology and life sciences industries

• Recent developments in the current market landscape

• Rights offerings as a possible alternative to PIPEs

• The current legal landscape regarding PIPEs

• Potential conflicts of interest

• Recent situations involving material, non-public information and PIPEs

Panelists:

Tad Flynn • Managing Director, Houlihan LokeyJennifer Muller • Managing Director, Houlihan LokeyJeff Hartlin • Partner, Paul, Hastings, Janofsky & Walker LLPBrian M. Overstreet • President & CEO, Sagient Research Systems Inc

The program will run for 90 minutes and will include the opportunity for participants to ask questions of the panelists.