PIPE Transactions: Basics and Current Developments

August 2018

PIPE transactions remain an important capital-raising alternative. Whether a public company is seeking to finance an acquisition, effect a recapitalization or restructuring, or facilitate a liquidity opportunity for an existing stockholder, a PIPE transaction may be the most efficient approach.  As such, attorneys must be well-informed to advise their clients when a PIPE transaction is a viable capital-raising alternative, and usher them through the process of the transaction itself.

During this session, we will discuss:

  • Recent market trends
  • PIPE documentation and the principal negotiating issues
  • The securities exchange shareholder approval rules and proposed changes to such rules
  • Using warrants and structuring approaches
  • Acquisition-related PIPE transactions
  • Selling stockholder PIPE transactions

After this session, attendees will:

  • Understand PIPE transactions and their components
  • Counsel clients by identify investors and markets who find PIPE transactions attractive
  • Understand the regulations governing PIPE transactions
  • Identify deals clients with financial situations best suited for PIPE transactions

Speaker:
Anna T. Pinedo
Partner, Mayer Brown LLP

*CLE is approved or in the process of approval for 60 minutes of CLE credit.  The type of credit allowed will be determined by the state governing MCLE Board.