The Reporting Calendar: 10-K, 10-Q, and the Four-Day 8-K

The day your registration statement goes effective, a clock starts, and it does not stop. This is the part of going public that founders underestimate most consistentl...

Going Public Is the Beginning: What Happens After SEC Effectiveness

Going Public Is the Beginning: What Happens After SEC Effectiveness Becoming public is often treated as the finish line. In reality, SEC effectiveness and the beginn...

The Real Risk of Overpromising in a Securities Offering

Companies raising capital have every reason to explain their strengths, market opportunities, management experience, and growth potential. The legal risk begins when o...

Why SEC Comment Letters Are Not Just Editing Requests

An SEC comment letter may look like a list of technical revisions. It is better understood as a regulatory examination of whether a company has explained its business...

Finders, Consultants, and the Unregistered Broker-Dealer Problem

Finders, Consultants, and the Unregistered Broker-Dealer Problem Companies raising capital often hire “finders,” consultants, advisors, or business-development profe...