Category Archives: Uncategorized

Vintage Showcases M&A Solutions at McDermott’s 2016 Pharmaceutical/Medtech Dealmaking Symposium: October 25

Premier networking event for dealmakers in Cambridge, Massachusetts

NEW YORK, October 14, 2016 /PRNewswire/ Vintage, the capital markets, corporate services and institutional & fund services division of PR Newswire, is pleased to announce that company’s executives will be meeting with dealmakers at the McDermott’s 2016 Pharmaceutical/Medtech Dealmaking Symposium.

mcd

This year’s Symposium will be held in Cambridge, Massachusetts at the Le Méridien Hotel. Approximately 150 dealmakers, C-suite executives, business development professionals, private equity and venture capital investors, and in-house counsel from the pharmaceutical, biotechnology and medical technology industries are expected to attend.

2016 Pharmaceutical/Medtech Dealmaking Symposium

  • October 25, 2016
  • 7:30 AM ET – 5:30 PM ET
  • Le Méridien Cambridge – MIT, 20 Sidney Street, Cambridge, MA 02139
  • Register here 

Renowned speakers and panels will provide practical insight and guidance into successfully transactions and investments in the burgeoning life sciences industry.

Agenda:

  • Disruption and Convergence in Health Care – New Players and New Opportunities
  • Life Sciences Dealmakers Address Navigating the Current Deal Environment: Consolidation and Globalization
  • The State of Physician Entrepreneurship
  • How the Election Will Impact Life Sciences
  • Wisdom from the C-Suite: State of the Life Sciences Market for Dealmaking and Innovation
  • Corporate Venture Capital Bearing Fruit: What Dealmaking Is Resulting from Corporate VC Investments?
  • Brexit and Beyond: Update on How Europe’s Recent Events Are Impacting Life Sciences Deals and Reimbursement
  • What’s Market in Financing and Strategic Transactions
  • Personalized Medicine and Diagnostics Dealmaking
  • Compliance and Regulatory Due Diligence: What Dealmakers Need to Know Now
  • Early-Stage Deals: Understanding Early-Stage Investors and Exit Opportunities through Licensing and Collaboration

Vintage, a top-three EDGAR fling provider, offers XBRL solutions for OTC Markets, NASDAQ and NYSE listed companies. Learn more about their M&A solutions here: http://www.thevintagegroup.com/capital-markets/mergers-acquisitions-data-rooms/

###

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

Happy 10th birthday, Twitter! Thanks for inviting IR to the party!

Yesterday was Twitter’s 10th birthday. Although social media and investor relations have not been the best of friends, IR still was invited to the birthday party.

twitterbday

As our gift, last week, we asked over 600 of our IR clients a few questions about social media, specifically their experience on Twitter and StockTwits. Nothing too deep, although we did ask the exact same questions we first asked in 2013 for comparison.

What’s changed in 28 months?

Six percent more IROs are tweeting/StockTwitting. The most dramatic change, per the third chart below, is the determination of “no.” The other interesting point is the slight growth seen in the “other” column within chart two: all the “other” write-in text comments were about “social media not germane to target audience.” Paraphrasing, The Street has told IROs they don’t value their “tweets.”
GRAPHICS1

CLICK HERE FOR OUR “RISK & HANDS-FREE” IR SOCIAL MEDIA GUIDE.

GRAPHICS2GRAPHICs3

FYI: there was another write-in response to why the IR department does not tweet: “We’re old fuddy-duddys.”

I respect transparency.

The Ins and Outs of Preparing for an IPO: Introduction

Video clips demonstrating different annual report styles

PDF-buttonI know, I know… I have written more creative blog titles. But as Freud allegedly said, sometimes a cigar is just a cigar. And to that, sometimes ink and paper IS just ink and paper. Without exaggeration, knowing what you are buying can save you thousands of dollars.

Each year, we guide clients through their annual report journey, and a key aspect is the very tactile task of printing.  What type of printing works best for you? How can you set a budget for your 2015 annual report? Send us your 2014 annual report via the big green button above to get answers.

Below are video clips and quick descriptions of the core type of annual report printing.

——————————————————————-

ABOVE

  • Cover: 4-color gloss coated cover stock with a (creative) die cut
  • Pages: Eight pages – 4-color gloss paper stock for the shareholder letter and overview. The first page uses a UV coating (extra shiny “clear” ink) just on the barrels photo to make them pop off the page
  • 10-K: Black ink on 24 lb white paper
  • This booklet is perfect bound

.

ABOVE.

  • Cover: 4-color gloss coated cover stock
  • Wrap pages: Two pages –  4-color gloss text for shareholder letter and overview
  • 10-K: Black ink on 24 lb white paper
  • This booklet is saddle stitched

.

ABOVE

  • Cover: 4-color gloss coated cover stock – shareholder letter on inside of the cover
  • 10-K: Black ink on 24 lb white paper
  • Even though this is a classic 10-K wrap, this booklet is perfect bound which gives it a nice finish

 

ABOVE

  • Cover: 4-color gloss coated cover stock
  • Pages: The inside pages are on the same paper stock as the 10-K. Very helpful financial summary on the first page, followed by shareholder letter, etc.
  • 10-K: Black ink on 24 lb white paper
  • This booklet is saddle stitched.

.

ABOVE

  • Cover: 4-color gloss coated cover stock
  • Pages: 4-color, gloss text for the shareholder letter
  • 10-K: Black ink on 24 lb white paper
  • This booklet is perfect bound – assumedly due to the thickness of the 10-K

.

ABOVE

  • Cover: 4-color gloss coated cover stock with a financial summary printed on the inside cover
  • Pages: The inside pages are on the same paper stock as the 10-K, including the three page shareholder letter.
  • 10-K: Black ink on 24 lb white paper
  • This booklet saddle stitched– a great example of a pure “10-K Wrap”

.

ABOVE

  • Cover: 4-color gloss coated cover stock
  • Pages: There is no shareholder letter or “marketing” within this book
  • 10-K: Black ink on 24 lb white paper
  • This booklet perfect bound– giving the 10-k book a very finished look

As you can see, the style and scope of hardcopy annual reports is varied: there is no “best practice.” Budget, quantity and shareholder expectations should drive your process and production.

PDF-button

 

The highway to lower IPO fees

On January 13, the SEC adopted the changes to form S-1 processes… buried deep within the provisions attached to the Fixing America’s Surface Transportation Act (FAST!), the highway-funding bill approved in December.

truck

The new rule will allow emerging growth companies (EGC) and smaller reporting companies to disclose less information in some EDGAR filings, reducing costs during the IPO process. One projection suggests the savings could be as high as 25% from pre-to-post IPO registration effectiveness and into year-one as an issuer.

From a “financial print” and S-1 drafting POV (the stuff we do here at Vintage), the costs are not dramatically affected. The SEC will require the same back-and-forth registration review process we’ve illustrated in this downloadable whitepaper.

The new cost structure will affect auditing processes and those subsequent fees – which could trickle down some cost reduction into the “physical” registration filing process simply by having fewer words and tables to typeset.

The SEC is allowing public comments for the next 30 days.

 

.

SEC closed on New Year’s Day: January 1, 2016

In honor of the New Year celebration, the SEC is closed on Friday, January 1, 2016.  No files can be received. 

NEWYEARS

Files submitted after 5:30 pm ET, Thursday, December 31, 2015 will receive a filing date of Monday, January 4th, 2016 and will be posted to the public on January 4th.

As with other holiday closings, the following file types will receive a Thursday, December 31, 2015 filing date if filed by 10:00 pm ET on Thursday:

  • 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 Friday, January 1, 2016 , the SEC will move the due date to Monday, January 4th, 2016

Need help? Download our 2016 filing calendar HERE.

HAPPY NEW YEAR!

Mid-market M&A numbers align with experts’ insights: video available

New North American dealflow numbers released from Mergermarket were no surprise to most anyone in the M&A space… culminating (year-to-date) at $61,700,000,000.  I could have abbreviated this number to $61.7B but all those zeros gives it a well-deserved gravitas.

Another measurement I like is the increase in our virtual data room sales. More deals equals more deal rooms : )

2015ytd

Most pundits attribute the robust year to the traditional deal-drivers of corporations needing to demonstrate growth and sector (above) consolidation. Certainly, low interest rates and cash-heavy PE funds are an important factor.

LEARN MORE: Our Mergermarket panel of expert discuss 2015’s momentum in engaging detail on this video.

WATCH_VIDEO_BUTTON

You are invited to watch the entire discussion or select a specific chapter that most interests you.

  • What are the main drivers behind the record deal activity in the last year and what we are seeing now?
  • What has been the historical and forward looking financing environment and how do they differ and flow into the M&A and Private Equity activity?
  • How do you see the business development companies (BDC) fitting into the market in the current environment? What’s their role?
  • What potential challenges are on the horizon that may impact continued high levels of M&A activity this year?
  • Which sectors do you feel will be most active going forward?
  • What is the trend of strategic acquisitions versus bolt-ons?
  • What is the influence of activist investors, large and small, in the M&A space?
  • What do you think the Fed is going to do with interest rates and how do you see this impacting M&A?
  • Are there any new, unexpected or changes in M&A liability exposure that put companies and directors at risk?
  • What have you seen, broadly, in the trends for the due diligence process including technology?
  • What is your view on the IPO market?

WATCH_VIDEO_BUTTON

CFO Magazine poll emphasizes small-cap woes and the genesis of Capital Markets Visibility 365

As reported by CFO Magazine on May 8th, a recent poll of CFOs re-enforced what most consider the core challenge for small-cap (under $500 million) companies: lack of analysts. 74% of the companies polled report they have none to two analysts. For the companies that DO have coverage:

“…28% say analysts don’t understand their industry, while 37% say analysts don’t understand their company’s specific strategy. Sixty percent of respondents say analysts’ misconceptions affect their companies’ valuations. Respondents cite a lack of comprehension of their companies’ business models, market dynamics, competitive set, and future growth prospects.”

There’s no question that the overall market structure in regard to the sheer number of analysts (people) is uncontrollable. What a small-cap company can control is their communications.

“The best way to get the market’s attention as a small public company, says [David Johnson, CFO of Johnson Outdoors], is by posting strong results. “When we grow and increase our profits on a consistent basis, we get noticed.” Still, he adds, “We’ve found investors have a very short attention span, so we have to act fast to get the story out.”

But who(m) should a small-cap company target their story to? Wall Street? Main Street? Media? The answer is “D – all of the above.”

.

The mosaic of shareholder communications is especially critical for small-cap companies: they need the liquidity boost of from day-traders, they need the buy-n-hold love of “mom-n-pop,” they need a consistent presence in front of their sector Sell and Buy-side analysts, they need media attention and they need to create content. You know, investor relations.

In the one-minute video above, VP John Viglotti explains the parts and pieces of our Capital Markets Visibility 365 program, a 12-month communication strategy which was expressly created for small-cap companies. There is a series of step-by-step videos here.

I think it is fair to say that for small-cap companies, investor relations is a long-tail marketing process. That’s a good thing, as long as transparency reigns. FYI: a full year of Capital Markets Visibility 365 costs less than one week most pump-n-dump “promotions” charge.

Have a great day.

Put your (XBRL) money where your (IR) mouth is

We’ve had strong sales (go Team!!) in our investor relations and XBRL services this summer, wonderfully since we introduced our new “Re-balance IR” strategy at the NIRI 2012 Annual Conference.

From a VERY tactical vendor perspective, the conversation we are having with clients and prospects is quite literally “put your money where your month is”  ie: invest as much of your budget in initiatives that promote growth… and in our space, that means activities that find new investors ie: shareholder communications ie: tell your story.

Look at your entire IR and compliance budget combined. We had several clients switch (go Team!!) to our XBRL services and as a result, they have now freed-up thousands of dollars for investor relations. This is becoming very important for small and micro-cap companies.

A product that came out of this line of thinking is our Capital Markets Visibility 365 program ie: a wicked awesome value.

Click picture to enlarge.
 a

Have a great day.

a

Capital Markets Visibility 365 component #7: 600,000+ email introduction and alerts to BetterInvesting.org investor members

“Buy and hold” + “individual investors” = BetterInvesting / NAIC. 

That’s the importance of our EXCLUSIVE next four elements in Capital Markets Visibility 365.  #7 includes an email introduction to their members that your company has joined as a corporate member.

No matter what you call them – retail, individual, self-directed, Main Street – this stakeholder base can be cultivated into a loyal SHAREholder base for your company… once you build a relationship.  The first step is an introduction via Capital Markets Visibility 365.

a

After the introduction, know this: the BetterInvesting memberbase is a very proactive and learned group. To be clear, when I say “learned,” I mean “really do their research before they buy and do not suffer fools gladly.”  These constituents are passionate about investing and their money.  This is not your retail-penny-stock-pump-and-dump crowd… and is exactly why Capital Markets Visibly 365 is a 12-month strategy. True IR takes time. 

Click here to read more about Capital Markets Visibility 365.

Click here to request more information – and to speak one of our account managers.

Have a great day.