IPOs (and wanna-bes) met with Vintage Filings at NYSE event

NYSE Governance Services held a key East coast conference yesterday at their NYC HQ.

IPONYSEFrom the NYSE:

The Pre- and Post-IPO Board Forum will examine how corporate governance dictates success, providing participants an in-depth review of leading practices.

A series of panels will debate popular governance myths and realities and provide tips on building the most effective board, dealing with shareholders and institutional investors, and creating a roadmap to success in their new environment.

Obviously, we’re big into compliance and our presence brought an important “services execution” perspective to the NYSE’s attendees. In additional to understanding the strategic aspects of compliance, corporate leaders must have a tactical understanding of HOW to be compliant… beginning with the S-1.(download whitepaper here) That’s our role: pre-and post-IPO.

Topics included:

  • The IPO Landscape: A Global Perspective
  • Understanding and Implementing Core Regulatory & Governance Requirements
  • Myths and Realities of Shareholder Communications and Proxy Voting
  • The Board’s Role in the IPO Process
  • Governance Choices at the Foundation of High-Performing Boards
  • Best Practices for Engaging Your Shareholders
  • Board Composition
  • Ethics, Compliance, and Liability Considerations in the Public World
  • The Role of the Audit Committee Pre- and Post-IPO

Also, the NYSE distributed to all attendees our  Corporate Governance and Securities Laws handbook. Very useful. (request yours here)

PR Newswire / Vintage Filings was pleased to participate and we’re proud that our shareholder communications services are NYSE approved for their issuer and IPO program.

Have a great day.

IPOs and Transactions: April 14 – 18

There were 52 transactions filed with the SEC last week.

Congratulations to all of the corporations and law firms that selected our transactions services last week including Taggares Agriculture Corp w/ Dickinson Wright PLLC, Capricor Therapeutics Inc. w/ Paul Hastings LLP and 22nd Century Group Inc. w/ Foley & Lardner LLP. We appreciate that they selected to work with us and we’re pleased that they found us both accurate and affordable.

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Registrant Symbol Form Exchange Law firm/ advisor
FS ENERGY & POWER FUND II N-2 Alston & Bird LLP
FIRST BANCSHARES INC /MS/ FBMS S-4 Nasdaq Ambrecht Jackson LLP
COMMUNITYONE BANCORP COB S-3 Nasdaq Arnold & Porter LLP
RIVER VALLEY BANCORP RIVR S-1 Nasdaq Barnes & Thornburg LLP
ENSERVCO CORP ENSV S-3 NYSE Burns Figa & Will, P.C.
FIGO VENTURES, INC. FIGO S-1 OTC Cane Clark, LLP
HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL, INC. HASI S-11 NYSE Clifford Chance US LLP
LIVE OAK BANCSHARES, INC. S-1 Covington & Burling LLP
ZOOSK, INC S-1 Davis Polk & Wardwell LLP
FS ENERGY & POWER FUND II N-2 Dechert LLP
H&Q HEALTHCARE INVESTORS HQH N-2 NYSE Dechert LLP
H&Q LIFE SCIENCES INVESTORS HQL N-2 NYSE Dechert LLP
TAGGARES AGRICULTURE CORP. S-1 Dickinson Wright PLLC
CONTRAFECT CORP S-1 Ellenoff, Grossman & Schole LLP
ZOOSK, INC S-1 Fenwick & West LLP
22ND CENTURY GROUP, INC. XXII S-3 NYSE Foley & Lardner LLP
HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL, INC. HASI S-11 NYSE Fried, Frank, Harris, Shriver & Jacobson LLP
TCW DIRECT LENDING LLC 10-12G Fried, Frank, Harris, Shriver & Jacobson LLP
ARI NETWORK SERVICES INC /WI ARIS S-3 Nasdaq Godfrey & Kahn, S.C.
VYRIX PHARMACEUTICALS, INC. S-1 Goodwin Procter LLP
ZAFGEN, INC. S-1 Goodwin Procter LLP
ANGION BIOMEDICA CORP. S-1 Greenberg Traurig, LLP
NEW CENTURY RESOURCE 10-12G Heston Nielson, Esq.
ORCHID ISLAND CAPITAL, INC. ORC S-3 NYSE Hunton & Williams LLP
TOUCAN INTERACTIVE CORP S-1 John T. Root, Jr., Atty.
FIRST BANCSHARES INC /MS/ FBMS S-4 Nasdaq Jones Walker LLP
ETFS PALLADIUM TRUST PALL S-3 NYSE Katten Muchin Rosenman LLP
LORILAY CORP. S-1 Law Offices of Thomas E. Puzzo, PLLC
TERRA TECH CORP. TRTCE S-3 OTC Law Offices of Thomas E. Puzzo, PLLC
NATIONAL GENERAL HOLDINGS CORP. NGHC S-1 Nasdaq Locke Lord LLP
FIRST FOUNDATION INC. S-1 Nasdaq Manatt, Phelps & Phillips, LLP
LIGHTSTONE VALUE PLUS REAL ESTATE INVESTMENT TRUST III, INC. S-11 Martin A. Hewitt, Atty.
WIRELESS RONIN TECHNOLOGIES INC RNIN S-4 OTC Maslon Edelman Borman & Brand, LLP
GENERAL FINANCE CORP GFNCP S-3 Nasdaq Mayer Brown LLP
IMMUNE PHARMACEUTICALS INC IMNP S-1 OTC Mintz, Levin, Cohn, Ferris, Glovsky and Popeo P.C.
ANGION BIOMEDICA CORP. S-1 Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
WORLD ENERGY SOLUTIONS, INC. XWES S-3 Nasdaq Mirick, O’Connell, DeMallie & Lougee LLP
ONCOSEC MEDICAL INC ONCS S-3 OTC Morrison & Foerster LLP
MOBIQUITY TECHNOLOGIES, INC. MOBQ S-1 OTC Morse & Morse, PLLC
METHES ENERGIES INTERNATIONAL LTD MEILU S-3 Nasdaq Morse, Zelnick, Rose & Lander, LLP
VECTOR GROUP LTD VGR S-4 NYSE O’Melveny & Myers LLP
CAPRICOR THERAPEUTICS, INC. CAPR S-1 OTC Paul Hastings LLP
GENERAL FINANCE CORP GFNCP S-3 Nasdaq Paul Hastings LLP
IMMUNE PHARMACEUTICALS INC IMNP S-1 OTC Pearl Cohen Zedek Latzer Baratz
DS HEALTHCARE GROUP, INC. DSKXE S-3 Nasdaq Pearlman Schneider LLP
DS HEALTHCARE GROUP, INC. DSKXE S-3 Nasdaq Pearlman Schneider LLP
ROCKY HOLDING, INC. S-4 Perkins Coie LLP
LIGHTSTONE VALUE PLUS REAL ESTATE INVESTMENT TRUST III, INC. S-11 Proskauer Rose LLP
WIRELESS RONIN TECHNOLOGIES INC RNIN S-4 OTC Reed L. Benson, Esq.
ZAFGEN, INC. S-1 Ropes & Gray LLP
CONTRAFECT CORP S-1 Shearman & Sterling LLP
SPHERIX INC SPEX S-3 Nasdaq Sichenzia Ross Friedman Ference LLP
VYRIX PHARMACEUTICALS, INC. S-1 Sichenzia Ross Friedman Ference LLP
ELITE PHARMACEUTICALS INC /NV/ ELTP S-3 OTC Silverman Shin Byrne & Gilchrest PLLC
CHUKONG HOLDINGS LTD F-1 Simpson Thacher & Bartlett
CHUKONG HOLDINGS LTD F-1 Skadden, Arps, Slate, Meagher & Flom LLP
DAYTON POWER & LIGHT CO DAYTL S-4 OTC Skadden, Arps, Slate, Meagher & Flom LLP
SANUWAVE HEALTH, INC. SNWV S-1 OTC Smith, Gambrell & Russell, LLP
FIRST FOUNDATION INC. S-1 Nasdaq Stradling Yocca Carlson & Rauth, P.C.
TAGGARES AGRICULTURE CORP. S-1 Summit Law Group, PLLC
TCW DIRECT LENDING LLC 10-12G Sutherland Asbill & Brennan LLP
REVOLUTIONS MEDICAL CORP RMCP S-1 OTC Szaferman Lakind Blumstein & Blader, PC
DYNEX CAPITAL INC DXPRA S-3 NYSE Troutman Sanders LLP
PACIFIC ETHANOL, INC. PEIX S-3 Nasdaq Troutman Sanders LLP
GALENA BIOPHARMA, INC. GALE S-3 Nasdaq TroyGould PC
RIVER VALLEY BANCORP RIVR S-1 Nasdaq Vedder Price P.C.
ENERGY TRANSFER PARTNERS, L.P. ETP S-3 NYSE Vinson & Elkins, L.L.P.
ROCKY HOLDING, INC. S-4 Weil, Gotshal & Manges LLP
HIGHLANDS BANKSHARES INC /VA/ HBKA S-1 OTC Williams Mullen
GABELLI EQUITY TRUST INC GABFR N-2 NYSE Willkie Farr & Gallagher LLP
UNITY BANCORP INC /NJ/ UNTY S-1 Nasdaq Windels Marx Lane & Mittendorf, LLP
ROCKY HOLDING, INC. S-4 Womble Carlyle Sandridge & Rice, LLP
LIVE OAK BANCSHARES, INC. S-1 Wyrick Robbins Yates & Ponton LLP

Click here to review the week’s underwriters.

Have a great week.

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IPO Underwriters of the Week: April 14 – 18

Congratulations to the corporations and underwriters that worked with our transaction services team. Watch our brief transactions services video HERE and discover why we have become a top choice for both traditional and confidential IPOs.

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Registrant Form Underwriter 1 Underwriter 2 Underwriter 3 +
VYRIX PHARMA-CEUTICALS, INC. S-1 Aegis Capital Corp. Fordham Financial Management, Inc.
ANGION BIOMEDICA CORP. S-1 Aegis Capital Corp.
MOBIQUITY TECHNOLOGIES, INC. S-1 Aspire Capital
TAGGARES AGRICULTURE CORP. S-1 Janney Montgomery Scott LLC ROTH Capital Partners, LLC
RIVER VALLEY BANCORP S-1 Keefe, Bruyette & Woods, Inc.
LIVE OAK BANCSHARES, INC. S-1 Keefe, Bruyette & Woods, Inc. SunTrust Robinson Humphrey, Inc.
REVOLUTIONS MEDICAL CORP S-1 KVM Capital Partners
ZAFGEN, INC. S-1 Leerink Partners LLC Cowen and Company, LLC Canaccord Genuity Inc. / JMP Securities LLC
ELITE PHARMA-CEUTICALS INC /NV/ S-3 Lincoln Park Fund, LLC
CONTRAFECT CORP S-1 Maxim Group LLC
HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITAL, INC. S-11 Merrill Lynch, Pierce, Fenner & Smith Inc. UBS Securities LLC Wells Fargo Securities, LLC / Robert W. Baird & Co. Inc. / RBC Capital Markets, LLC / FBR Capital Markets & Co.
ZOOSK, INC S-1 Merrill Lynch, Pierce, Fenner & Smith Inc. Citigroup Global Markets Inc. RBC Capital Markets, LLC / Oppenheimer & Co. Inc. / William Blair & Company, L.L.C.
CHUKONG HOLDINGS LTD F-1 Morgan Stanley & Co. International PLC Deutsche Bank Securities Inc. China Renaissance Securities (Hong Kong) Limited
FIRST FOUNDATION INC. S-1 Sandler O’Neill & Partners, L.P. Keefe, Bruyette & Woods, Inc. Sterne, Agee & Leach, Inc.

Post IPO, thousands of organizations count on us to assure regulatory compliance and target new investors.

Have a great week.

XBRL tagging advice from an alpaca?

AIPCAOne of the biggest frustrations – and errors – is around the labeling and tagging of negative values. To that, our XBRL team is always looking for the best insight and advice for clients.

Our lead XBRL CPA strongly suggests that all preparers read this whitepaper. Although it’s inexplicably written by an alpaca, it’s the clearest guide he has ever come across.

To quote the alpaca:

“One of the most common XBRL errors cited by the Securities and Exchange Commission (SEC) continues to be incorrect sign values on tagged amounts in the XBRL files (that is, an incorrect number is input because a negative should have been input as a positive or vice versa). This may have significant implications for users of XBRL-formatted financial statements because this error may cause inaccurate analyses (for example, calculation of incorrect ratios or misinterpretations of gains and losses). Errors in the XBRL files also have implications for the filer.

Not only is a company’s reputation at risk if it includes incorrect information in its XBRL files, but most companies’ XBRL files are subject to the same legal liability as the filed financial statements.”

Getting these values correctly labeled is a simple, yet core quality issue – and we are all keenly aware of the heightened importance of XBRL quality.

As an ongoing demonstration of our dedication to the quality of our clients’ XBRL, our fleXBRL SaaS portal solution (Crossfire) clients all receive a deep, comprehensive training program with 1.) in-person XBRL executive Bootcamps,  2.) module-based online training and our 3.) exclusive double team support. There’s no gap to be bridged between self-service and full-service: our XBRL team correctly labels it as “client service.”

Again, the importance of correctly labeling your positive and negative values cannot be understated. Download the 11 page guide here.

OoooOOOOoooh. AIPCA. Boy, that goes to prove the importance of proper labels!

Have a great weekend.

Rivet Software Signs Preferred Partnership with Vintage Filings

Vintage Filings Awarded Number One in Sales for Rivet Crossfire SaaS XBRL Solution

DENVER, April 17, 2014 /PRNewswire/ — Rivet Software, an industry leader in financial reporting, announced an expansion of their strategic partnership with Vintage Filings, focusing on providing a true end-to-end solution and a single point of contact for customers. Collectively Rivet and Vintage Filings will give customers the ability to automate their data to flow from a source accounting system, manage documents and spreadsheets in Microsoft Office, file to the SEC and complete all print services, such as S-1 Drafting and Filing, Formatting, Typesetting, Investment Relations, and Deal Management.

RIVETOGORivet chose Vintage Filings as their preferred printer because of its knowledge and services surrounding the SEC’s ever-changing filing regulations. Vintage Filings is known for its flexibility while providing high-quality, cost-effective compliance filing and production services. This partnership will allow Rivet customers to streamline their entire SEC filing process from start to finish. Vintage Filings and its parent company, PR Newswire, fully integrate shareholder engagement and compliance to promote improved communication between public companies and their stakeholders.

“This partnership benefits both firms, but more importantly it benefits our customers, who have been looking for a cost-effective yet high-quality true end-to-end option,” stated Rivet Chief Executive Officer, Madelaine Rohan. “This partnership allows both parties to leverage their core competencies and now our customers literally have one place to come for all their SEC filing and printing needs.”

As Vintage Filings becomes the top Rivet Software reseller, the relationship helps to build on Rivet’s strategic plan, outlined by Rohan late last year, to extend Rivet’s leadership position in the Microsoft Office-based Document, Disclosure and SEC Compliance Management space through strategic partnerships. This partnership also allows Rivet to provide its unlimited full offering to all Vintage clients, which includes access to Rivet’s education and training, Crossfire Analytics, data connectors, and first line of product support. Rivet will also be able to penetrate new distribution channels in the financial reporting industry through Vintage Filing’s extensive industry footprint beyond the SEC Compliance market.

vf_FOOTER_WORD_LOGO2“Clients have told us that a poorly supported or a pay-for-extra support XBRL SaaS platform has not really bridged the gap between full-service and self-service,” said Liam Power, SVP of Compliance Services at PR Newswire / Vintage Filings. “Our partnership with Rivet bridges that gap, giving financial reporting departments’ complete XBRL filing control, as well as a comprehensive training program with in-person XBRL executive Bootcamps, module-based online training and our exclusive double team support program.”

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About Rivet Software
Rivet Software provides financial reporting systems that improve the way companies create and consume financial information. Founded in 2003 by software and accounting industry veterans, Rivet’s mission remains to revolutionize global financial communications by enabling financial transparency and leveraging global standards. Headquartered in Denver, Co., the firm employs the most experienced XBRL and financial reporting staff in the industry. Rivet was honored in 2011 and 2012 as an Inc. 500 company.

About Vintage Filings
PR Newswire’s Vintage Filings division is a full-service financial filing and printing firm and a leading partner for all your XBRL filing needs. With more than 4,500 public company clients, Vintage is one of the fastest growing compliance firms nationwide. Vintage partners with its clients to provide the knowledge and service necessary to meet the SEC’s ever-changing filing regulations. Vintage Filings provides high-quality, cost-effective compliance filings and production services, including EDGAR Filings, typesetting, XBRL tagging, section 16 filings, investment management services, drafting sessions, virtual data rooms (VDR) and more.

Silicon Valley IPOs-to-be talk with our compliance experts-that-are

NYSE Governance Services held its West coast compliance readiness conference yesterday.

VF_NYSE

From the NYSE:

Preventing fraud in compliance with the Sarbanes-Oxley Act (SOX) and the Foreign Corrupt Practices Act (FCPA), as well as the importance of creating accurate financial statements and cooperating with internal audit in order to comply with the requirements of a stringent regulatory environment are just a few of the many challenges public companies need to communicate to their workforce.

Obviously, we’re big into compliance and our presence brought an important “services execution” perspective to the NYSE’s attendees. In additional to understanding the strategic aspects of compliance, corporate leaders must have a tactical understanding of HOW to be compliant… beginning with the S-1. (download whitepaper here) That’s our role: pre-and post-IPO.

Topics included:

  • The Nuts and Bolts of a Strong and Effective Compliance Program
  • Innovative Training and Communications Strategies
  • Leveraging Technology and Monitoring and Auditing
  • Emerging Compliance Risks

Also, the NYSE distributed to all attendees our  Corporate Governance and Securities Laws handbook. Very useful. (request yours here)

PR Newswire / Vintage Filings was pleased to participate and we’re proud that our shareholder communications services are NYSE approved for their issuer and IPO program.

Have a great day.

 

How Investors Consume Content Q#4: Would you / do you invest in a public company that does not have an IR website?

As you may have read in this IR Magazine article, PR Newswire / Vintage Filings is guiding our client IROs to evaluate their IR website not just as a transparency/disclosure vehicle but also as a marketing investment - exactly as a corporate product group evaluate their product website(s) sections.

Working from that “content marketing” perspective, is the presence of an IR website essential to make “the sale?” What happens if you do not have an IR website? It’s very simple. If you DO NOT have an IR website, only 30% of your prospects said they will buy your stock. Up to 70% may just walk away. That is marketing death.

This statistic is very important for smaller companies that have not adopted the standards of IR practice the larger companies have. Investors expect to find an IR website.

Q4_2014_100072

Click image to enlarge.

Please click here to learn about IR Room (website solution) – and request our IR Room OTC pricing for micro and small cap issuers.

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Have a great day.