The Securities and Exchange Commission has adopted new rules addressing two dilemmas that companies seeking to raise capital often confront, particularly in light of recent market volatility:
- If market conditions deteriorate after the company has commenced a public offering, can the company withdraw the public offering and raise capital through a private offering?
- If market conditions and investor demand improve after the company has commenced a private offering, can the company abandon the private offering and pursue a registered public offering?
Click here to read the Corporate Advisor. If you have any questions about the new rules, you may contact: