Growth Capitalist News and Analysis of Emerging Growth Company Finance

Growth Capitalist (http://growthcapitalist.com/2015/01/video-highlights-growth-capital-summit-2014/)

Events

VIDEO: Highlights from the Growth Capital Summit 2014

By Brett Goetschius | January 7, 2015

Selected highlights from the inaugural Growth Capital Summit, held on Nov. 19, 2014, at the National Press Club, Washington, D.C.

Current paid subscribers to Growth Capital Investor can view the full video here.

Program:

JOBS Act: Title II & Title III Implementation (0:55)
Proposed changes to “accredited investor” eligibility and definitions and expected impacts on Reg D offerings; Rule 506(c) offerings and the use of general solicitation in equity crowd finance; Investor verification best practices for Title II funding platforms.

SPEAKERS: David Lynn, Morrison & Foerster; Chris Tyrrell, Offerboard; DJ Paul, Propellr; Sara Hanks, CrowdCheck

JOBS Act: Title IV (11:29)
Public crowd finance under Reg A+: Qualified purchasers and state pre-emption; Improving liquidity in private secondary markets.

SPEAKERS: Samuel Guzik, Guzik & Associates; Alixe Cormick, Venture Law Corp.; Mark Roderick, Flaster/Greenberg; Georgia Quinn, Seyfarth Shaw

Challenges for Public Emerging Growth Companies (29:00)
Microcap Task Force: Reg M Rule 105 and Section 16 reporting sweeps; Primary shelf registration limit expansion; Securities exchange “20% Rule” relief, Rule 144 issues.

SPEAKERS: Ele Klein, Schulte Roth & Zabel; Anna Pinedo, Morrison & Foerster; David Sirignano, Morgan Lewis

Special Legislative Update: JOBS Act 2.0 (52:08)
A special presentation on the state of Congressional efforts to revise and amend the JOBS Act and related laws to improve capital access and formation for small companies.

SPEAKER: David Burton, Senior Fellow in Economic Policy, The Heritage Foundation

Emerging Growth News

Featured in Category

FAT Brands Starts Strong on Nasdaq

On a side street off Times Square brokers and traders lined up earlier this week for a rare treat outside of Nasdaq’s Manhattan market center: free Fatburgers. Mark Elenowitz, the investment banker behind the $24 million Regulation A capital raise of FAT Brands, was glowing with pride. FAT Brands opening IPO day was here and market interest had driven the stock to open above the $12 Reg A offer price. The first trade sold at $12.80 and the stock soared to $13.99 in the morning hours. Elenowitz and his team at Tripoint Global Equities had worked all weekend to ensure the 2 million shares sold cleared the DTC (Depository Trust Company) and the hundreds of retail investors who bought stock through Tripoint’s online crowdfunding portal, BANQ, had their shares in their retail accounts available to trade immediately. FAT Brands is controlled by Andy Wiederhorn, head of the investment firm Fog Cutter Capital Group. The Southern California burger joint Fatburger, often touted by Hollywood celebrities, was started by Lovie Yancey and Charles Simpson. Yancey first opened a three-seater burger stand in the late 1940s in front of her house in South Central Los Angeles. FAT Brands, which stands for Fresh-Authentic-Tasty, owns multiple franchise chains focused on American food served in a fast casual setting. Fatburger is a 65-year-old company fashioned as a self-serve burger joint that competes with In-n-Out and Shake Shack (SHAK). Buffalo’s Café was founded in Roswell, Ga. in 1985, and is known for its chicken wings with 13 different sauces. And the company’s newest acquisition, Ponderosa and Bonanza Steakhouse, is a chain started in 1963 by Dan Blocker, who was known for his role as Hoss Cartwright in the TV western series Bonanza. CLICK HEADLINE FOR MORE>>
APO

Reverse Merger Attorney Ofsink Pleads Guilty in Pump-and-Dump Scheme

New York securities attorney Darren Ofsink, once an active adviser to emerging growth companies seeking to go public through reverse mergers, pleaded guilty on Oct. 18 to one charge of conspiracy to commit securities fraud, for his role in the $86 million manipulation scheme of CodeSmart Holdings (ITEN).
Consumer Services

FAT Brands Readies Close of $24M APO

Fast-casual dining franchise company FAT Brands expects to close it’s $24 million Reg A offering as soon as Oct. 20, according to company insiders. The quick closing follows reports that the company attracted millions of committed capital on its first day after the Securities and Exchange Commission qualified the offering on October 3. The owner of Fatburger and Buffalo’s Café is selling two million shares at $12, with a minimum investment of $500, from institutional and retail investors. The deal is being sold by Tripoint Global Securities as the exclusive bookrunner.

Comments are closed.

Close