A public company is a company with public ownership and has shares that trade on a public exchange market. Because it is public it is required to meet the Securities and Exchange Commission’s strict filing requirements for public companies.
As discussed in this Cooley Go article on secondary sale transactions of private company stock, a tender offer is one of the ways in which companies can provide liquidity to…
A Delaware public benefit corporation (PBC) is a for-profit corporation intended to produce a public benefit and operate in a responsible and sustainable manner. A PBC must be managed in a way that balances the interests of the stockholders, the company’s key stakeholders, and a specific public benefit that the company commits to in its charter.
A public offering is a sale or equity shares or debt shares by an organization to the public in order to raise funds for the company.
If you’re an entrepreneur considering incorporating as or converting into a Delaware Public Benefit Corporation (PBC), the following five-part test may be helpful in determining whether it is the right…
So you’ve decided to incorporate as (or convert into) a Delaware Public Benefit Corporation (PBC). In your Certificate of Incorporation you have chosen a public benefit, or mission statement. Now…
Historically, private company stockholders would be expected to wait until the company went public or was acquired to receive any return on their investment. Over the last several years, however,…
For founders, moonlighting on a day job can be thorny. It isn’t lost on us that the vast majority of entrepreneurs have to start somewhere, and usually that somewhere is…
ESG? SDGs? SASB? GRI? TCFD? The world of ESG (Environmental, Social and Governance) is littered with acronyms and can seem like an alphabet soup to companies just getting started. This…
In conjunction with our Q3 Venture Financing Report, I sat down with Sunil Dhaliwal of Amplify Partners to get his take on the state of venture capital investing. Key insights…
What is a Down Round? A “down round” is a financing in which a company sells shares of its capital stock at a price per share that is less than…
Since 2019, we have witnessed the rise of the Direct Listing. Though they are not exactly new structures, following the heavily-publicized Direct Listings of tech giants Spotify and Slack, they…
1. Experienced advisors Choose experienced advisors, including lawyers, auditors and financial consultants (if necessary), and get them involved early. Advisors who work routinely with the SEC and investment bankers –…
In conjunction with our Q1 Venture Financing Report, I sat down with Matthew Howard from Norwest Venture Partners to get his take on the state of venture capital investing. A…
Departing Directors Board members tend to stay with companies for a relatively long time, but, like employees, sometimes it makes sense for a board member to leave. Here is what I…
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