David N. Feldman, Esq., Author & Managing Partner, Feldman Weinstein & Smith LLP
Reverse Mergers: Taking a Company Public Without an IPO
Morristown Hyatt Hotel
Directions: http://morristown.hyatt.com/hyatt/hotels/index.jsp
(information below)
Reverse mergers are versatile and increasingly more popular than IPOs. This is especially true for smaller companies, many of which are cut out of the IPO market because they do not meet the restrictive criteria set by investment banks. Berkshire Hathaway, Turner Broadcasting Systems, Texas Instruments, Tandy Corporation, Occidental Petroleum, Blockbuster Entertainment, and the New York Stock Exchange all went public without an initial public offering. They did so by means of the reverse merger; a method in which a private company acquires a majority stake in a public one and thereby becomes public.
David Feldman (right) will explain how reverse mergers work, from the business and legal points of view. His just published book, Reverse Mergers: Taking a Company Public Without an IPO (Bloomberg Press, 2006) is the first text on this subject. Copies will be available for purchase at the meeting and he’ll sign and personalize your copy. Topics he will cover at lunch will include: the pros and cons of going public, deal structures and mechanics, financing, winning market support, best (and worst) practices, due diligence, the regulatory regime, working with companies outside the United States (especially in China), specified purpose acquisition companies (SPACs), and Form 10-SB or “virgin” shells. Feldman will also discuss other alternatives to an IPO, including self-filings and other techniques.
". . ..[R]everse mergers- in which a private company buys all or most of the stock of an already publicly traded firm- are on the scene. Small firms find them a low-cost, quick and fuss-free way to instantly become a public company, often without the paperwork required for a conventional initial public offering of shares." --Wall Street Journal, June 2005
"... David parts the curtain to take away the mystery on how to best structure and finance a reverse merger. His practical advice and numerous easy to understand examples are but two of the reasons that David is the leading expert on reverse mergers in the country.” Mitchell Littman, Esq., Founding Partner, Littman Krooks LLP
Feldman is considered one of the country's leading experts on reverse mergers, self-filings and other alternatives to initial public offerings. He is managing partner of Manhattan-based Feldman Weinstein & Smith LLP, whose twenty-three attorneys have advised hundreds of companies on how to go public, whether by reverse merger or other means. In the last three years the firm represented investors in more private investment in public equity (PIPE) deals than any other law firm. He received a BS in economics from the Wharton School of Business at the University of Pennsylvania in 1982 and his JD in 1985 from the University of Pennsylvania Law School.
Register: www.vanj.com
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