Category Archives: Industry news

Vintage Dominated the Mini-IPO Registration Process Throughout 2016

Fast turns, spot-on execution and absolute cost transparency drove Vintage’s Regulation A+ (Reg A+) corporate filings leadership throughout 2016… and the momentum into 2017. 

Compared directly aside the company’s top two SEC transactions competitive peers, Vintage has earned 67% of 2016’s marketshare.

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Reg A+ is an updated rule to the existing Regulation A exemption for smaller issuers and was mandated by Title IV of the Jumpstart Our Business Startups (JOBS) Act. It allows smaller companies to offer and sell up to $50 million of securities within a 12-month period, subject to eligibility, disclosure and reporting requirements.

In addition to its spot-on execution, Vintage’s thought-leadership also contributes to their dominance. Examples include the DIY worksheet that guides a company through the different information they will need to collect as well as educational webinars.

The RegA+ worksheet can be downloaded here

Webinars:

In addition to 2016’s leadership, Vintage has been the #1 filing agent since Reg A+ first became effective in June 2015. Vintage has worked with as many companies as the three next filing agents combined.

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Vintage has adjusted its traditional S-1 IPO team to escort its emerging growth company clients through the Form 1-A process, exercising the same detailed oversight in the offering’s drafting and filing with the SEC.  A mini-IPO is a smaller filing, but it is no less compliant than one of the larger S-1 filings Vintage creates and files for later-stage companies.

Beyond the 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 shareholder communications 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. The company is now part of the expanding and worldwide Cision, Inc. organization.

 

 

The SEC is closed for Presidents’ Day: Monday, February 20th

In honor of Presidents’ Day, the SEC is closed on Monday, February 20, 2017. No files can be received.

Files submitted after 5:30 pm ET, Friday, February 17, 2017 will receive a filing date of Tuesday, February 21, 2017 and will be posted to the public on February 21, 2017 at 6:00 am ET.

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As with other holiday closings, the following file types will receive a Friday, January 17, 2017 filing date if filed by 10:00 pm ET on Friday:

  • Section 16 filings (3, 3/A, 4, 4/A, 5, 5/A)
  • Filings pursuant to Rule 462(b)

For any filing with a due date of Monday, February 20, 2017, the SEC will move the due date of Tuesday, February 21, 2017.

Please contact your Vintage representative if you foresee any deadline conflicts. We’re always here to help!

DOWNLOAD A 2017 SEC HOLIDAY AND DEADLINE CALENDAR HERE.

 

70% of Top 10 Securities Law Firms Worked on Transactions with Vintage in 2016

Overwhelming client support for Vintage 2017 mission: Fast-turns, spot-on execution and absolute cost transparency

NEW YORK, February 7, 2017 / PR Newswire / — In 2016, 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 and Cision.

CLICK TO ENLARGE

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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.

“In 2016, Vintage deepened our standing as a top three solution for law firms and their clients,” said Liam Power, President of Vintage. “Regardless of the scale of the work or the size of the company, all our clients equally experience our promise of delivering ‘fast-turns and spot-on’ execution from our operations and client support teams.”“Judging by the direct feedback from our clients, we are fulfilling our promise as well as meeting the stricter budget scrutiny that more securities law firms are facing from their corporate clients,” continued Power. “It was very evident, in 2016, that our absolute cost transparency and invoicing was a key factor driving our success.”

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 Ference Kesner LLP, work with Vintage and the process that best suits their own issuer clients’ needs.

“We are very proud to be recognized as the 7th most active law firm in the United States for transactions involving public offerings in 2016, after ranking #12 in 2015 and 2014,” said Gregory Sichenzia, Partner, Sichenzia Ross Ference Kesner LLP. 

“These rankings reflect the continuation of our commitment to excellence through servicing the needs of public companies, their investors and the financial services community.  We thank our friends at Vintage for their help and support,” finished Sichenzia.

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.

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. The company is now part of the expanding and worldwide Cision, Inc. organization.

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

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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, a Cision company, is the premier global provider of multimedia platforms and distribution that marketers, corporate communicators, sustainability officers, public affairs and investor relations officers leverage to engage 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 — and then distribute and measure results. Combining the world’s largest multi-channel, multi-cultural content distribution and optimization network with comprehensive workflow tools and platforms, PR Newswire powers the stories of organizations around the world. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and Asia-Pacific regions.

Cision is a leading global media intelligence company, serving the complete workflow of today’s communication professionals. 

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

bradley.smith@prnewswire.com

Vintage Ranked 2016 Top SEC Filing Agent in China: Form 20-F Filings

Company wins second spot worldwide

NEW YORK, JAN 31, 2017 / PR Newswire / — Vintage, the capital markets, corporate services and institutional and fund services division of PR Newswire, today announced that their China & Hong Kong division has rated number one for filing SEC Form 20-F on behalf of their China-based clients.

Vintage filed 47% of Form 20-F files in China in 2016.

A requirement of the Securities Exchange Act of 1934, a Form 20-F, and its Canadian equivalent Form 40-F, must be submitted by foreign issuers that have listed equity shares on stock exchanges in the United States. Similar to a Form 10-K for U.S.-based issuers, Form 20-F calls for the submission of an annual report within six months of the end of a company’s fiscal year.

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“Once again, we are very proud with our achievement of being in the number one position in China,” said Sharon Xu, Director of IR Services: China, PR Newswire and Vintage. “We continue to advance our investment in the expansion of the bilingual production team and in delivering fast-turns and accurate execution. We appreciate our clients’ confidence in us and we will continue to surpass their expectations.”

58.com, (NYSE: WUBA) the largest online marketplace serving local merchants and consumers in China, utilizes the compliance services of Vintage and compliments the company’s ability to execute under great pressure.

“PR Newswire/Vintage provides total solutions to us, including Edgar Filing, XBRL, typesetting, news releases and webcast services,” said 58.com CFO, Alex Zhou. “The different functions of their teams work together in highly efficiency way to support their clients. The editors and XBRL professionals will give you valuable suggestions even under great time pressure. I trust their work.”

Vintage rated Number Two worldwide for Form 20-F and Form 40-F filings

In addition to holding the top position in China, Vintage also claimed the number two position worldwide, led predominantly by their Israeli and Canadian offices.

“Our dedicated, local presence has long made us a leading provider of compliance solutions in Israel,” said Jeremy Thompson, CEO (EMEA & India) Cision/PR Newswire. “There is a strong demand for filing alongside shareholder communications – PR Newswire and Vintage allow US-listed clients to easily fulfil their compliance obligations and leverage the industry’s most powerful distribution network.”

“At CNW, we firmly believe that our clients deserve the very best and this is why we leverage the experts at Vintage to offer our inter-listed clients a concierge level of service for all their regulatory needs,” said Nicole Guillot, CNW’s President. “We can’t tell you how pleased we are to be an integral element of this global and combined success story for Vintage, PR Newswire, CNW and, now Cision.”

In addition to Form 20-F, the company also supports corporations, regardless of geography, throughout IPO registrations, Regulation A+ registrations, virtual data rooms and shareholder communications.

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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, a Cision company, is the premier global provider of multimedia platforms and distribution that marketers, corporate communicators, sustainability officers, public affairs and investor relations officers leverage to engage 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 — and then distribute and measure results. Combining the world’s largest multi-channel, multi-cultural content distribution and optimization network with comprehensive workflow tools and platforms, PR Newswire powers the stories of organizations around the world. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and Asia-Pacific regions.

Cision is a leading global media intelligence company, serving the complete workflow of today’s communication professionals. 

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

bradley.smith@prnewswire.com

Vintage rates in top three for 2016 SEC Filing Agent

Transparency is the currency of shareholder communications and of SEC compliance and, by default, that transparency has again rewarded Vintage as measured by SEC-INFO. Bottom-line: attribution of our work is always shown.

This year, as we did last year, Vintage has made the top three, along with peers Donnelley and Merrill. Thank you, once again, to the data-crunchers over at SEC-INFO for their 2016 research The Top 25 Most-Active SEC Filing Agents and Registrants in 2016.

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“When asked to describe our client services team in just a few words,” said Liam Power, president of Vintage, “I simply state ‘deep domain experience delivered with fast-turns and spot-on execution.’ The annual SEC-INFO research is terrific third-party evidence of that description and confirms the consistent dedication of everyone within Vintage to get the job done for our clients,” Power continued.

“Now, with the added strength of Cision, we look forward to a very strong 2017.”

Read 2016 client comments here.

2016 highlights

  • #1 service for Regulation A+ effective filings
  • #1 service for 20-F filings in China
  • Simplification of V16.com user-interface for self-service Section 16 filing
  • The expansion of WorkStream for mutual fund content and prospectus management

Bottom-line. Why did we do so well in 2016? 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!

12 month at-a-glance calendar for Investor Relations departments

Working with a new client last week, the discussion went from a cheerfully kind “thank you for the 2017 SEC EDGAR filing calendar” (click here) to a subtle “hey… do you have a calendar for IR, too?”

We did not. But we do now!

CLICK HERE TO DOWNLOAD THE HIGH RESOLUTION PDF.

Help your internal stakeholders understand the to-do of IR!

Never shrinking down from a client request, we immediately went to task – first asking during that meeting what are the key activities needed to be calendared. As you see, the result is a traditional IR to-do list. Also, except for the 10-K and 10-Qs, the events are driven by broad strokes, month by month, rather than exact dates.

Comments:

  • Planning stages certainly vary and overlap i.e. earnings news releases and 10-Qs
  • Updating the IR website once a quarter refers to more holistic updates: text narratives, FAQs, and other non-automated feed
  • Best practices suggest two or three days each quarter for non-deal roadshows in targeted cities
  • Holding a formal Analyst Day in a target city, like NYC, generally aligns with non-deal meetings
  • The NIRI Annual Conference is in June

Happily, the client was grateful for the calendar – they will be sharing it internally as a directional illustration of IR’s year.

Click here to download a high resolution PDF.

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2017 SEC filing calendar – don’t miss a deadline or holiday closing

This is the shortest post you’ll ever read hereClick here to download our 2017 SEC filing calendar.

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*Pushpin not actual size

SEC closed for New Year’s Day (observed): January 2, 2017

In honor of the New Year celebration, the SEC is closed on Monday, January 2, 2017.  No files can be received. 

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Files submitted after 5:30 pm ET, Friday, December 30, 2016 will receive a filing date of Tuesday, January 3, 2017 and will be posted to the public on January 3, 2017 .As with other holiday closings, the following file types will receive a Friday, December 30, 2016 filing date if filed by 10:00 pm ET on Friday:

  • Section 16 filings (3, 3/A, 4, 4/A, 5, 5/A)
  • Filings pursuant to Rule 462(b)

For any filing with a due date of Monday, January 2, 2017, the SEC will move the due date to Tuesday, January 3, 2017.

Need a 2017 SEC filing calendar? Click here.

HAPPY NEW YEAR!

SEC closed for the Christmas Holiday (observed): December 26th

In honor of Christmas, the SEC is closed on Monday, December 26, 2016.  No files can be received. 

Files submitted after 5:30 pm ET, Friday, December 23, 2016 will receive a filing date of Tuesday, December 27, 2016 and will be posted to the public on December 27.

SECCOOKIES

(Need a 2017 SEC filing calendar? Click here.)

As with other holiday closings, the following file types will receive a Friday, December 23, 2016 filing date if filed by 10:00 pm ET on Friday:

  • Section 16 filings (3, 3/A, 4, 4/A, 5, 5/A)
  • Filings pursuant to Rule 462(b)

For any filing with a due date of  Monday, December 26, 2016 the SEC will move the due date of Tuesday, December 27, 2016.

Have a happy holiday!

SEC closed for Thanksgiving Holiday: Thursday, November 24

In honor of Thanksgiving Day, the SEC is closed on Thursday, November 24, 2016. No files can be received.

Files submitted after 5:30 pm ET, Wednesday, November 23, 2016 will receive a filing date of Friday, November 25, 2016 and will be posted to the public on November 25.

As with other holiday closings, the following file types will receive a Wednesday, November 23, 2016 filing date if filed by 10:00 pm ET on Wednesday:

  • Section 16 filings (3, 3/A, 4, 4/A, 5, 5/A)
  • Filings pursuant to Rule 462(b)

For any filing with a due date of Thursday, November 24, 2016, the SEC will move the due date to the next business day, Friday, November 25, 2016.

Have a great day.