Deals
First Offerings Under New Reg A expected to Close This Month
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The market for offerings under the new rules, intended to help smaller companies raise capital, appears to be heating up.
Executive Moves
EnteroMedics Names Entrepreneur Gladney as New CEO
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EnteroMedics Inc. (ETRM), the developer of a device to treat obesity and metabolic diseases, named Dan Gladney as its new chief executive, as founder Mark Knudson retires.
Markets
Growth Equity Financing Market Grew 11% in Q3 Before Market Slowdown
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The equity financing market for emerging growth companies grew 11% in deal volume and 18% in total dollars last quarter, driven by investors’ enthusiasm for biotech companies.
But biotech deal flow has slowed in recent weeks as the market correction led investors to avoid risky stocks, raising concerns going forward.
Legal
Legislation Introduced to Create New Small Business Advocate at SEC
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A bill meant to make the Securities and Exchange Commission more responsive to the needs of small companies has been introduced in Congress by a bipartisan group of legislators.
The Small Business Advocate Act of 2015 was introduced Oct. 21 by Reps. John Carney (D-Del.), Ander Crenshaw (R-Fla.), Sean Duffy (R-Wis.), and Mike Quigley (D-Ill.).
