70% of Top 10 Securities Law Firms Worked on Transactions with Vintage in 2015

“Fast-turns” and “spot-on execution” resonating with law firms as fundamental for executing middle market issuer transactions 

NEW YORK, February 2, 2016 / PR Newswire / — In 2015, 70% of the Top 10 law firms that specialize in the SEC transactions required by the Securities Act Of 1933, worked with Vintage, the capital markets, corporate services and institutional & mutual fund services division of PR Newswire. These filings, including IPOs, secondary offerings and Regulation A+ registrations, are very complex legal documents that require an immaculate attention to detail and extensive expertise in financial publishing.

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“In 2015, Vintage clearly established ourselves as a top solution for law firms and their clients, particularly for issuers positioned in the middle market,” said Liam Power, President of Vintage. “Clients experienced our promise of delivering ‘fast-turns’ and ‘spot-on execution’ regardless of the scale of the work or the size of the company.

I’m proud to say that, judging by the direct feedback from our clients, Vintage is on mission and we continue our measurable expansion into larger and more complex deals. Unique in the industry, Vintage continues to deliver speed, quality and value without sacrificing any one attribute for another,” finished Power.

The capstone of Vintage capital markets group is its IPO and transaction drafting sessions. The company has defined three models for these sessions, based on the flexibility and budget the client requires and not a one-size-fits-all approach.

  • Vintage office location: a traditional session model
  • Client-selected location: minimum travel and billable hours while allowing senior executives to keep abreast of their daily workload
  • 100% virtual: the most cost and time efficient alternative

Securities law firms, like Sichenzia Ross Friedman Ference LLP, work with Vintage and the process that best suits their own issuer clients’ needs.

“We are very pleased to be recognized, for the second year in a row, as the 12th most active law firm in the United States for transactions involving public offerings,” said Gregory Sichenzia, Partner, Sichenzia Ross Friedman Ference LLP. “These rankings reflect the strong position that we have been able to maintain in the market.  We thank our friends at Vintage for their help and support.”

Absolute cost transparency is a hallmark of the Vintage approach, and a key part of their ability to deliver value to our client, presenting pricing simply, clearly and to the level of detail that matters to clients. In fact, Vintage pioneered the concept of open, up-front and transparent pricing.

“Once again, our presence on this Top 30 securities lawyer list clearly illustrates the dedication and smart decisions our partners and associates execute for our clients,” said Gregg E. Jaclin, Esq., Partner from Szaferman Lakind Blumstein & Blader, PC. “One key decision we assist our clients with is resource selection and we have found that Vintage compliments both our processes and our clients’ requirements.”

In addition to capital markets practice group that works with law firms, investment banks and M&A deal-drivers, Vintage also supports two other practice groups:

  • Corporate Services, which supports public companies with compliance and investor relations solutions
  • Institutional & Fund Services for investment management and mutual fund organizations

Vintage is headquartered in New York City with regional sales and service offices throughout the US and internationally.

A brief video explaining transaction drafting sessions can be viewed here: http://promotions.prnewswire.com/Vintage-transaction-solutions.html

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Research is from 2014 SEC filings: 1-A, S-1, S-3, S-4, S-11, N-2, F-1, 10-12B and 10-12G. All files are available on SEC.gov website.

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. 

About PR Newswire

PR Newswire 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 over 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. 

Media Contact:
Bradley H. Smith
Director of Marketing, IR and Compliance Services
PR Newswire & Vintage
+1 201.942.7157

bradley.smith@prnewswire.com

 

 

IPOs and Transactions: January 25 – 29 / plus 2016 SEC Reporting Rules guidebooks

There were 37 transactions filed with the SEC last week.

Congratulations to all of the corporations and law firms that selected our transactions services last week including Transgenomic, Inc. w/ Paul Hastings LLP.

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

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Law firm / advisor Registrant Symbol Form Industry
360 Sports, Inc. 360 SPORTS, INC. ~ 1-A ~
Affinion Group Holdings, Inc. AFFINION GROUP HOLDINGS, INC. ~ 10-12G ~
Bowles Rice LLP UNITED BANKSHARES INC/WV UBSI S-4 Regional Banks
Bryan Cave LLP COASTAL BANKING CO INC CBCO 1-A ~
Chicago Housing REIT, Inc. CHICAGO HOUSING REIT, INC. ~ 1-A ~
Clark Wilson LLP ALKALINE WATER CO INC WTERD S-1 ~
Clyde Snow & Sessions, PC PREMIER BIOMEDICAL INC BIEI S-1 ~
Cole Capital COLE OFFICE & INDUSTRIAL REIT (CCIT III), INC. ~ S-11 ~
Covington & Burling LLP UNITED BANKSHARES INC/WV UBSI S-4 Regional Banks
Davis Polk & Wardwell LLP L BRANDS, INC. LB S-4 Apparel Stores
Dorsey & Whitney LLP CHS INC CHSCP S-1 ~
Dorsey & Whitney LLP TACTILE SYSTEMS TECHNOLOGY INC ~ S-1 ~
Drinker Biddle & Reath LLP AEOLUS PHARMACEUTICALS, INC. AOLS S-1 ~
Faegre Baker Daniels LLP TACTILE SYSTEMS TECHNOLOGY INC ~ S-1 ~
Freshfields Bruckhaus Deringer US LLP SILVER RUN ACQUISITION CORP ~ S-1 ~
Gibson, Dunn & Crutcher LLP SILICON GRAPHICS INTERNATIONAL CORP SGI S-3 Diversified Comp. Sys.
Goodwin Procter LLP NEOS THERAPEUTICS, INC. NEOS S-1 Drugs
Jolie Kahn, Esq. AXION POWER INTERNATIONAL, INC. AXPW S-1 Industrial Elec. Equip.
JSBarkats, PLLC POMM INC. ~ 1-A ~
K&L Gates LLP METLIFE INSURANCE CO USA ~ S-3 ~
K&L Gates LLP XG SCIENCES INC ~ S-1 ~
Kirkland & Ellis LLP INFINIUM SOFTWARE INC ~ S-4 ~
Kirkland & Ellis LLP EXELON CORP EXC S-4 Diversified Utilities
Law Offices of Aaron A. Grunfeld & Associates SECOND SIGHT MEDICAL PRODUCTS INC EYES S-1 Med. App. & Equip.
Law Offices of Scott D. Marchant, Esq. US EXPORT, INC. ~ S-1 ~
Legal & Compliance, LLC IEG HOLDINGS CORP IEGH S-1 ~
Maynard, Cooper & Gale, P.C. HEALTHSOUTH CORP HLS S-4 Spec. Health
McGuireWoods LLP CLEVELAND BIOLABS INC CBLI S-3 Biotech.
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. NEOS THERAPEUTICS, INC. NEOS S-1 Drugs
Morris, Manning & Martin LLP COLE OFFICE & INDUSTRIAL REIT (CCIT III), INC. ~ S-11 ~
Parr Brown Gee & Loveless ULURU INC. ULUR S-1 ~
Paul Hastings LLP TRANSGENOMIC INC TBIO S-3 ~
Plush Corporation PLUSH CORP ~ S-1 ~
Richardson & Associates HYGEN INDUSTRIES, INC. ~ 1-A ~
Sichenzia Ross Friedman Ference LLP MABVAX THERAPEUTICS HOLDINGS, INC. MBVX S-1 ~
Sichenzia Ross Friedman Ference LLP SUSGLOBAL ENERGY CORP. ~ S-4 ~
Sidley Austin LLP CARE CAPITAL PROPERTIES, INC. CCP S-11 REIT
Spencer Fane LLP PARNELL PHARMACEUTICALS HOLDINGS LTD PARN F-1 Drugs
Stepp Law Corp. ROYAL COUNTRY CLUB & RECREATION HOLDINGS, INC. ~ S-1 ~
Trowbridge Taylor Sidoti LLP UNITED GROUP FUND, INC ~ 1-A ~
V Financial Group, LLC HEMP NATURALS, INC. ~ 1-A ~
Wachtell, Lipton, Rosen & Katz MOHEGAN TRIBAL GAMING AUTHORITY ~ S-4 ~
Weil, Gotshal & Manges LLP SILVER RUN ACQUISITION CORP ~ S-1 ~

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.

IPO Underwriters of the Week: January 25 – 29

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.

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Registrant Form Underwriter 1 Underwriter 2 Underwriter 3 +
SILVER RUN ACQUISITION CORP S-1 Deutsche Bank Securities Inc. Citigroup Global Markets Inc. Goldman, Sachs & Co.
PARNELL PHARMACEUTICALS HOLDINGS LTD F-1 Lincoln Park Capital Fund, LLC ~ ~
AXION POWER INTERNATIONAL, INC. S-1 Maxim Group LLC ~ ~
METLIFE INSURANCE CO USA S-3 MetLife Investors Distribution Company ~
TACTILE SYSTEMS TECHNOLOGY INC S-1 Piper Jaffray & Co. William Blair & Company, L.L.C. Canaccord Genuity Inc. / BTIG, LLC
PREMIER BIOMEDICAL INC S-1 Redwood Management, LLC ~ ~
NEOS THERAPEUTICS, INC. S-1 UBS Securities LLC BMO Capital Markets Corp. RBC Capital Markets, LLC / JMP Securities LLC

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

Should I stay or IPO now? (In 2016, it could depend on your sector)

When planning an IPO, proper timing and pricing are perhaps the most important decisions to be made. However, with volatile markets, interest rate increases and an ongoing economic recovery, significant questions exist about whether the current environment is conducive to going public. The answer is that at any time, IPOs in some sectors are more likely to succeed than others due to a combination of factors.

NYSE-suspends-trading-Paragon-Offsblog

In 2015, 173 U.S. companies held IPOs and their stocks are trading at an average of 5% below their IPO price. This suggests that investors – especially large, institutional investors – don’t have a strong appetite for IPOs at this time. Furthermore, the Federal Reserve’s recent interest rate hike may affect the immediate demand for IPOs.

But the fact is, a company’s prospects will vary depending on the market conditions in its specific industry. Consider ttechnology and healthcare…

A PwC report on Q3 U.S. technology IPOs found the market was quiet. The two U.S. tech IPOs in Q3 were worth $168 million – a sharp drop from the same period last year, when the equivelent number brought in $524 million. Certainly, several tech startups that had been planning IPOs recently decided the timing wasn’t right and dropped their plans to go public, citing poor or unstable market conditions that wouldn’t support the share valuations they felt their companies deserved. Many others that have gone ahead with their plans are pricing shares at the lower end of their projected ranges.

It’s worth noting, however, that the prospect of a lower share prices shouldn’t necessarily scupper plans for an IPO. Online payment startup Square, for example, recently decided to proceed with its listing despite drastically cutting its share price to $9 – an amount that valued the company billions of dollars lower than what private investors estimated only last year. However, on the day it went public, Square’s stocks jumped by 45%, demonstrating that investors could simply be skeptical of the potential overvaluation of tech companies, rather than of market conditions in general.

In comparison, the healthcare sector is experiencing a boom of IPO activity. Health care accounted for more than half of the U.S. IPOs in Q3 and has been by far the most popular sector for deals each quarter for more than a year. The sector even traded slightly up during Q3 – posting a 2% return on average – making it a relative bright spot compared to the overall negative trend in 2015.

Ultimately, investor confidence will be the largest determining factor in the strength of the IPO market in the months ahead. While stronger economic fundamentals and more stable markets are expected for the 2016, companies would be well-advised to focus on sector-specific conditions, rather than the overall market, when determining the ideal time to go public.

WEBINAR 1/27: Preparing for Say-on-Pay disclosure and XBRL reporting

The SEC has adopted a pay ratio disclosure rule – Item 402 of Reg S-K – requiring public companies to disclose:

  • The annual total compensation of the CEO
  • The median of the annual total compensation of all employees other than the CEO
  • The ratio of these amounts

SCALEThe SEC has provided a transition period: generally most issuers will first be required to include their pay ratio disclosure in 2018, or later in the case of companies that are new SEC registrants. The initial pay ratio disclosure will be required with respect to compensation for a company’s first full fiscal year that begins on or after January 1, 2017. And XBRL will have a role.

Say-on-Pay data tagging using XBRL

The SEC has also stated that the disclosure provided, including footnotes, be XBRL tagged. This is the first instance that XBRL tagging would be required for data outside the financial statements.

For a direct dialog with the SEC on this, you are invited – FREE – to join an open webinar with Mike Willis, the SEC’s Assistant Director, Office of Structured Disclosure, Division of Economics and Risk Analysis (& XBRL guru) in his discussion with XBRL US member Gordon Ruckdeschel, VP, Operations at Vintage.

  • Wednesday, January 27 ~ 3:00 PM ET
  • LOG IN HERE
  • This event is free to participants but CPE credit can be obtained for $49

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The conversation will include the status of the current program for XBRL reporting by public companies and other initiatives in the works:

  • Is the SEC using XBRL data?
  • How is XBRL data quality?
  • What enhancements to the existing program are under consideration, including inline XBRL?
  • And how does structured data factor into upcoming SEC rule proposals like executive compensation and investment company disclosures?

Find out about the SEC’s Disclosure Effectiveness initiative which is considering way to improve disclosure requirements in Regulation S-K and Regulation S-X, to benefit both companies and investors.

2016 SEC Reporting Rules Guidebooks are in: Forms 10-K, 10-Q, 8-K, SD and Proxy Statements

We are pleased to provide you with our annual updated editions of the SEC Reporting Rules for Forms 10-K, 10-Q, 8-K, SD and SEC Reporting Rules for Proxy Statements.

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Whoa! Real-live printed reference books for your bookshelf!!

These publications are an excellent reference source for legal and accounting professionals and corporate executives.

  • FREE
  • 680 pages
  • Up-to-date for 2016 including in-depth information on Form SD
  • Detailed table-of-contents for quick reference

In addition to outlining the applicable laws, regulations and rules, these guidebooks seek to provide practical guidance reflecting, among other things, interpretive guidance issued by the Securities and Exchange Commission, general industry practice and the authors’ experience. In addition, we eliminate many cumbersome citations and provide “plain English” rule references.

CLICK HERE: These are printed guidebooks. There are no fees to receive these resources. Please expect a call to confirm your shipping address.

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IPOs and Transactions: January 18 – 22 / plus 2016 SEC Reporting Rules guidebooks

There were 27 transactions filed with the SEC last week.

Congratulations to all of the corporations and law firms that selected our transactions services last week including KLR Energy Acquisition Corp. w/ Ellenoff Grossman & Schole LLP and Graubard Miller and VNUE Inc. w/ Matheau J. W. Stout, Esq.

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

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Law firm / advisor Registrant Symbol Form Industry
360 Sports, Inc. 360 SPORTS, INC. ~ 1-A ~
Akerman LLP CARROLS CORP ~ S-3 ~
Akin Gump Strauss Hauer & Feld LLP WESTERN REFINING, INC. WNR S-4 Oil/Gas Refining
Amy M. Trombly, Esq. PRECISION OPTICS CORPORATION, INC. PEYE S-1 ~
Barack Ferrazzano Kirschbaum & Nagelberg LLP FIRST BUSEY CORP /NV/ BUSE S-4 Regional Banks
Covington & Burling LLP WSFS FINANCIAL CORP WSFS S-4 Regional Banks
Dorsey & Whitney LLP GLOBAL WATER RESOURCES, INC. ~ S-1 ~
Ellenoff Grossman & Schole LLP KLR ENERGY ACQUISITION CORP. ~ S-1 ~
Fenwick & West LLP BIOPHARMX CORP BPMX S-3 Biotech
Gentry Locke PARKWAY ACQUISITION CORP. ~ S-4 ~
Gracin & Marlow, LLP HEAT BIOLOGICS, INC. HTBX S-1 Biotech
Graubard Miller KLR ENERGY ACQUISITION CORP. ~ S-1 ~
Hogan Lovells US LLP URANIUM RESOURCES INC /DE/ URRE S-3 Metals & Minerals
Husch Blackwell LLP CORENERGY INFRASTRUCTURE TRUST, INC. CORR S-3 REIT
Katten Muchin Rosenman LLP META FINANCIAL GROUP INC CASH S-3 Savings & Loans
Kilpatrick Townsend & Stockton LLP FIRST BUSEY CORP /NV/ BUSE S-4 Regional Banks
Law Office of Andrew Coldicutt AXETURE CORP ~ S-1 ~
Law Offices of Joseph L. Pittera, Esq. PC MOBILE MEDIA CORP. ~ S-1 ~
Lowenstein Sandler LLP HEAT BIOLOGICS, INC. HTBX S-1 Biotech
Maslon LLP SKYLINE MEDICAL INC. SKLN S-4 Medical Inst. & Supplies
Matheau J. W. Stout, Esq. VNUE, INC. VNUE S-1 ~
Morris, Manning & Martin, LLP NEXPOINT REAL ESTATE STRATEGIES FUND ~ N-2 ~
Nevada Agency and Transfer Company LIBERTY STAR URANIUM & METALS CORP. LBSR S-1 ~
Olshan Frome Wolosky LLP SKYLINE MEDICAL INC. SKLN S-4 Medical Inst. & Supplies
Pepper Hamilton LLP FIBROCELL SCIENCE, INC. FCSC S-3 Drugs
Procopio, Cory, Hargreaves & Savitch, LLP OCEAN THERMAL ENERGY CORP ~ 10-12G ~
SD Mitchell & Associates, PLC EVENTURE INTERACTIVE, INC. EVTI S-1 Internet
Silver, Freedman, Taff & Tiernan LLP WSFS FINANCIAL CORP WSFS S-4 Regional Banks
Snell & Wilmer L.L.P. GLOBAL WATER RESOURCES, INC. ~ S-1 ~
Stroock & Stroock & Lavan LLP UMH PROPERTIES, INC. UMH S-3 REIT
Szaferman, Lakind, Blumstein & Blader, PC LEGACY VENTURES INTERNATIONAL INC. LGYV S-1 ~
Vinson & Elkins L.L.P. RICE MIDSTREAM PARTNERS LP RMP S-3 Oil/Gas Pipelines
Vinson & Elkins L.L.P. WESTERN REFINING, INC. WNR S-4 Oil/Gas Refining
Weil, Gotshal & Manges LLP CLOYES GEAR & PRODUCTS INC ~ S-3 ~
Williams Mullen PARKWAY ACQUISITION CORP. ~ S-4 ~

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.