IPO Underwriters of the Week: January 12 – 16

Congratulations to the corporations and underwriters that worked with our transaction services team. Whether in-house, your-house or 100% virtual… click here to discover why we are the intelligent value for both traditional and confidential IPOs.

calenda_BANNER700

Registrant Form Underwriter 1 Underwriter 2 Underwriter 3 +
SIGNAL GENETICS, INC. S-1 Aegis Capital Corp. ~ ~
MICHAELS COMPANIES, INC. S-1 J.P. Morgan Securities LLC Goldman, Sachs & Co. ~
ZAFGEN, INC. S-1 Leerink Partners LLC Cowen and Company, LLC Canaccord Genuity Inc. / JMP Securities LLC
BELLEROPHON THERAPEUTICS LLC S-1 Leerink Partners LLC Cowen and Company, LLC ~
FRANKLIN FINANCIAL NETWORK INC. S-1 Merrill Lynch, Pierce, Fenner & Smith Inc. ~ ~
NEW MEDIA INSIGHT GROUP, INC. S-1 Premier Venture Partners, LLC ~ ~
MARINA BIOTECH, INC. S-1 Roth Capital Partners, LLC Ladenburg Thalmann & Co. Inc. ~
LIBERTY STAR URANIUM & METALS CORP. S-1 Tangiers Investment Group, LLC ~ ~

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

Have a great week.

XBRL study reveals fees are not oppressive for emerging growth companies

Nothing about this study surprised Team Vintage. We’ve delivered intelligent value to our clients since the initiation of XBRL. It has NOT been easy – as the SEC mandate (hopes & desires) was a little ahead of the technology… however the reporting industry is all caught up.

This point is why so many of us “filing agents” are puzzled by how Congress allowed itself to be intimidated by lobbyists to chisel transparency back into stone tablets i.e. PDFs and a la’ carte spreadsheets. (Here’s my rant on THAT) I assume they are working from outdated data.

In a professional non-rant manner, XBRL US and the American Institute of CPAs (AICPA) recently surveyed XBRL filing agents and received cost practices for 1,299 small public companies: $75 million or less in market capitalization.

XBRL-fees

From the AICPA:

Our survey showed that 69% of the companies paid $10,000 or less on an annual basis for fully outsourced creation and filing solutions of their XBRL filings. Meanwhile, 18% of the companies paid annual costs of between $10,000 to $20,000 for their full service outsourced solutions. Only 8% of companies paid more than $25,000 in annual costs. No company’s annual cost exceeded $50,000.

Through discussions with the vendors we found that companies that paid higher annual fees did so due to complexities in their financial statements and rush charges imposed given the many last minute changes to the filings (e.g., filing changes for an IPO).

Certainly, as we continually tell our clientbase, preparation and process is essential. From a pure Vintage support POV, our fleXBRL program is a dynamic solution: it can flex to exactly meet the demands per each unique client – regardless if it’s a 100% budget restraint or quarter-after-quarter deadline (internal process) challenge.

One clear fact has emerged: the SEC lost focus on XBRL for a while, but now Chairman White understands its importance. 

Have a great day.

SEC closed on Martin Luther King, Jr. Day: January 19, 2015

In honor of Martin Luther King, Jr., the SEC is closed on Monday, January 19, 2015.  No files can be received. 

MLK

 

Files submitted after 5:30 pm ET, Friday, January 16, 2015 will receive a filing date of Tuesday, January 20, 2015 and will be posted to the public on January 20.

As with other holiday closings, the following file types will receive a Friday, January 16, 2015 filing date if filed by 10:00 pm ET on Friday:

  • Form 13H filings
  • Section 16 filings (3, 3/A, 4, 4/A, 5, 5/A)

For any filing with a due date of Monday, January 19, 2015, the SEC will move the due date of Tuesday, January 20, 2015.

HAPPY NEW YEAR!

PS: Download a 2015 SEC calendar here.

IPOs and Transactions: January 5 – 9

There were 38 transactions filed with the SEC last week.

Congratulations to all of the corporations and law firms that selected our transactions services last week including Cellectar Biosciences Inc. w/ Foley Hoag LLP and Agree Realty Corp. w/ Honigman Miller Schwartz and Cohn LLP.

We appreciate that they selected to work with us and we’re pleased that they found us to be the intelligent value for 2015.

calenda_BANNER700

Registrant Symbol Form Exchange Law firm / Advisor
CHART ACQUISITION CORP. CACG S-4 Nasdaq Alston & Bird LLP
AVENUE FINANCIAL HOLDINGS, INC. ~ S-1 Nasdaq Bradley Arant Boult Cummings LLP
OMEGA HEALTHCARE INVESTORS INC OHI S-4 NYSE Bryan Cave LLP
FIRST TRUST CONVERTIBLE SECURITIES INCOME FUND ~ N-2 ~ Chapman and Cutler LLP
XENCOR INC XNCR S-3 Nasdaq Cooley LLP
VITAE PHARMACEUTICALS, INC VTAE S-1 Nasdaq Cooley LLP
VERSARTIS, INC. VSAR S-1 Nasdaq Cooley LLP
OTONOMY, INC. OTIC S-1 Nasdaq Cooley LLP
INVITAE CORP ~ S-1 ~ Cooley LLP
BIOCEPT INC BIOC S-1 Nasdaq Cooley LLP
AUSPEX PHARMACEUTICALS, INC. ASPX S-1 Nasdaq Cooley LLP
NATIONAL COMMERCE CORP ~ S-1 ~ Covington & Burling LLP
AVENUE FINANCIAL HOLDINGS, INC. ~ S-1 Nasdaq Covington & Burling LLP
VERSARTIS, INC. VSAR S-1 Nasdaq Davis Polk & Wardwell LLP
WOWO LTD ~ F-1 ~ DLA Piper LLP
CHART ACQUISITION CORP. CACG S-4 Nasdaq Ellenoff Grossman & Schole LLP
UNITED INSURANCE HOLDINGS CORP. UIHC S-3 Nasdaq Foley & Lardner LLP
QUAD/GRAPHICS, INC. QUAD S-4 NYSE Foley & Lardner LLP
CELLECTAR BIOSCIENCES, INC. CLRB S-3 Nasdaq Foley Hoag LLP
COEUR MINING, INC. CDE S-4 NYSE Gibson, Dunn & Crutcher LLP
NORTHERN POWER SYSTEMS CORP. ~ S-1 ~ Goodwin Procter LLP
VITAE PHARMACEUTICALS, INC VTAE S-1 Nasdaq Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP
OHR PHARMACEUTICAL INC OHRP S-3 Nasdaq Hahn & Hessen LLP
NEW HAMPSHIRE THRIFT BANCSHARES INC NHTB S-3 Nasdaq Hogan Lovells US LLP
AMERICAN MIDSTREAM PARTNERS, LP AMID S-3 NYSE Holland & Hart LLP
AMERICAN MIDSTREAM PARTNERS, LP AMID S-3 NYSE Holland & Hart LLP
AGREE REALTY CORP ADC S-3 NYSE Honigman Miller Schwartz and Cohn LLP
GREAT AJAX CORP. ~ S-11 ~ Hunton & Williams LLP
ALBERO, CORP. ~ S-1 ~ Incorp Services Inc.
TELEHEALTHCARE, INC. ~ S-1 ~ Incorp Services, Inc.
BELLA COSTA DESIGNS INC ~ S-1 ~ Incorp Services, Inc.
EKLIPS CORP ~ S-1 ~ John T. Root, Jr., Atty.
WOWO LTD ~ F-1 ~ Jones Day
AUSPEX PHARMACEUTICALS, INC. ASPX S-1 Nasdaq Latham & Watkins LLP
TILURO, INC. ~ S-1 ~ Law Office of Clifford J. Hunt, P.A.
PARAMOUNT GOLD NEVADA CORP. ~ S-1 ~ LeClairRyan, PC
COEUR MINING, INC. CDE S-4 NYSE LeClairRyan, PC
NATIONAL COMMERCE CORP ~ S-1 ~ Maynard, Cooper & Gale, P.C.
BIOCEPT INC BIOC S-1 Nasdaq Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
GREAT AJAX CORP. ~ S-11 ~ Morrison & Foerster LLP
NORTHERN POWER SYSTEMS CORP. ~ S-1 ~ Nixon Peabody LLP
FUELCELL ENERGY INC FCEL S-3 Nasdaq Patterson Belknap Webb & Tyler LLP
INVITAE CORP ~ S-1 ~ Pillsbury Winthrop Shaw Pittman LLP
IKANOS COMMUNICATIONS, INC. IKAN S-3 Nasdaq Pillsbury Winthrop Shaw Pittman LLP
PHOTOMEDEX INC PHMD S-3 Nasdaq Proskauer Rose LLP
M & A HOLDING CORP. ~ S-1 ~ Pubco Advisory Service
FUELCELL ENERGY INC FCEL S-3 Nasdaq Robinson & Cole LLP
FUELCELL ENERGY INC FCEL S-3 Nasdaq Robinson & Cole LLP
MY ACTIVE DATE ~ S-1 ~ Securities Compliance Group, Ltd.
OMEGA HEALTHCARE INVESTORS INC OHI S-4 NYSE Sidley Austin LLP
NEXTERA ENERGY INC NEE S-4 NYSE Skadden, Arps, Slate, Meagher & Flom LLP
GUGGENHEIM MIDDLE MARKET & INCOME FUND ~ N-2 ~ Skadden, Arps, Slate, Meagher & Flom LLP
CM FINANCE INC CMFN N-2 Nasdaq Sutherland Asbill & Brennan LLP
BREITBURN ENERGY PARTNERS LP BBEP S-3 Nasdaq Vinson & Elkins L.L.P.
NEXTERA ENERGY INC NEE S-4 NYSE Wachtell, Lipton, Rosen & Katz
OTONOMY, INC. OTIC S-1 Nasdaq Wilson Sonsini Goodrich & Rosati, P.C.

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

Click here and opt-in to receive this weekly summary via email.

Click here to review the week’s underwriters.

Have a great week.

IPO Underwriters of the Week: January 5 – 9

Congratulations to the corporations and underwriters that worked with our transaction services team. Whether in-house, your-house or 100% virtual… click here to discover why we are the intelligent value for both traditional and confidential IPOs.

calenda_BANNER700

Registrant Form Underwriter 1 Underwriter 2 Underwriter 3
BIOCEPT INC S-1 Aegis Capital Corp. Feltl and Company, Inc. ~
WOWO LTD F-1 Axiom Capital Management, Inc. ~ ~
VERSARTIS, INC. S-1 Citigroup Global Markets Inc. Credit Suisse Securities (USA) LLC Cowen and Company, LLC / Canaccord Genuity Inc. / SunTrust Robinson Humphrey, Inc.
GREAT AJAX CORP. S-11 FBR Capital Markets & Co. ~ ~
OTONOMY, INC. S-1 J.P. Morgan Securities LLC Piper Jaffray & Co. Cowen and Company, LLC / Sanford C. Bernstein & Co., LLC
AUSPEX PHARMACEUTICALS, INC. S-1 J.P. Morgan Securities LLC Stifel, Nicolaus & Company, Inc. BMO Capital Markets Corp. / Robert W. Baird & Co. Inc. / William Blair & Company, L.L.C.
INVITAE CORP S-1 J.P. Morgan Securities LLC Cowen and Company, LLC Leerink Partners LLC
NATIONAL COMMERCE CORP S-1 Keefe, Bruyette & Woods, Inc. ~ ~
AVENUE FINANCIAL HOLDINGS, INC. S-1 Keefe, Bruyette & Woods, Inc. ~ ~
NORTHERN POWER SYSTEMS CORP. S-1 Needham & Company, LLC Craig-Hallum Capital Group LLC Northland Securities, Inc.
CM FINANCE INC N-2 Stifel Venture Corp. ~ ~
VITAE PHARMACEUTICALS, INC S-1 Stifel, Nicolaus & Company, Inc. BMO Capital Markets Corp. Piper Jaffray & Co. / JMP Securities LLC / Wedbush Securities Inc.

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

Have a great week.

Once again, Vintage ranked as top-three EDGAR agent

The beauty of being in the SEC compliance business is that our efforts are 100% transparent. Many 3rd party sites and feeds measure filings… the ultimate “client testimonial.” Once again, Vintage has made the top three in 2014 , just behind the legacy (yawn) firms for 2014.

Thanks once again to the data-crunchers over at SEC Info for their 2014 research.

I count the two RRDs as one.

I count the two RRDs as one.

2014 was an important year.

  • We celebrated our “rebirth” with a new brand and a new energy.
  • We further expanded our IPO transactions business and hosted many drafting sessions in our space within PR Newswire’s office. (watch video)
  • We launched a new Capital Markets group to help small and micro-cap companies with their investor relations.
  • Our fleXBRL program has helped hundreds of companies make XBRL filing less burdensome (workflow and cost).

Bottom-line. Why did we do so well in 2014? We’ve become the industry’s intelligent value. Learn more – contact us. 

Kudos to our product and sales people for making marketing and blog writing so easy!

Have a great day.

 

Vintage to Showcase Investor Study Results at the National Investor Relations Institute 2015 IR Fundamentals Conference

Transparency and workflow drive conversations at annual event in Santa Monica, CA, January 11 – 15

NEW YORK, January 9, 2015 / PR Newswire / — Vintage, the capital markets and corporate services division of PR Newswire, today announced that the company will be presenting their Investor Relations and Regulatory Compliance solutions at the National Investor Relations Institute (NIRI) 2015 IR Fundamentals Conference, Santa Monica, CA, January 11 – 15.

LOWES

Our solutions are peerless at this event. Well, not THAT type of pier.

Leading the discussion will be insights found in the company’s “How Investors Consume Investor Relations Content” whitepaper. Based on over 40,000 responses from professional and retail investors, the study is available for download here.

Recognized as the industry’s intelligent value, Vintage’s SEC compliance and IR specialists will be guiding attendees through the company’s comprehensive solution suite including:

  • IR websites
  • Earnings conference calls
  • Investor visibility
  • EDGAR and XBRL programs
  • News distribution

Currently, Vintage – PR Newswire has over 1,000 PR and IR websites.

Please visit Vintage today for more information: www.thevintagegroup.com

### 

About Vintage

Vintage, a PR Newswire division, is a top-three provider of full-service regulatory compliance and shareholder communications services, delivered across our three practice areas: Capital Markets, Corporate Services and Institutional & Fund Services.

Founded in 2002 and acquired by PR Newswire in 2007, Vintage has evolved to become the industry’s intelligent value choice. We deliver a flexible balance of people, facilities and technology to ensure that regulatory compliance and shareholder communications processes are efficient, transparent and painless. Services include IPO registrations, transactions, virtual data rooms, EDGAR & XBRL filing, typesetting, financial printing and investor relations websites. www.thevintagegroup.com 

About PR Newswire

PR Newswire (www.prnewswire.com) is the premier global provider of multimedia platforms that enable marketers, corporate communicators, sustainability officers, public affairs and investor relations officers to leverage content to engage with all their key audiences. Having pioneered the commercial news distribution industry 60 years ago, PR Newswire today provides end-to-end solutions to produce, optimize and target content — from rich media to online video to multimedia — and then distribute content and measure results across traditional, digital, mobile and social channels. Combining the world’s largest multi-channel, multi-cultural content distribution and optimization network with comprehensive workflow tools and platforms, PR Newswire enables the world’s enterprises to engage opportunity everywhere it exists. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and the Asia-Pacific region, and is a UBM plc company. www.prnewswire.com

Media Contact:

Bradley H. Smith
Director of Marketing, IR and Compliance Services
PR Newswire & Vintage
+1 201.942.7157
bradley.smith@prnewswire.com