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