Growth Capitalist (https://growthcapitalist.com/category/premium-articles/page/2/)
Growth capital news and research from Growth Capital Investor, the journal of emerging growth company finance. Subscription required.
Ironridge Global Partners has settled a two-year-old enforcement action with the Securities and Exchange Commission over its use of a previously obscure cause of the bankruptcy code to provide equity financing to distressed microcaps. Without admitting guilt, the fund managers agreed to one count of failing to register as a broker-dealer, and will pay $4.4 million in disgorgement penalties.
A fast casual dining restaurant chain plans to be the first issuer to offer a dividend as a means to sell investors on its Regulation A+ public offering. FAT Brands, which owns the FAT Burger and Buffalo’s Cafe casual restaurant franchises, announced on August 3 it is working exclusively with Tripoint Global Securities to qualify a Tier 2 offering with the hopes of raising $20 million.
Former supermodel turned home goods design magnate Kathy Ireland has teamed up with a fashion and beauty company, Level Brands, that is preparing to file to go public via a Regulation A offering. Level Brands had previously filed a confidential S-I filing for a traditional IPO, but switched to Reg A in late July.
An equity crowdfunding offering by a food truck franchiser has been withdrawn after federal authorities arrested 14 individuals who are accused of being part of a sophisticated ring that manipulated the company’s stock when it traded on the OTCQB from 2014 to 2015. The Reg CF offering by The Grilled Cheese Truck was listed on FlashFunders, owned by Boustead Securities of Irvine, Calif.
