By David Feldman at 3 March, 2009, 4:17 am
In completing a financing contemporaneous with a PIPE, a challenge with investment banks can be making sure they know their investors. Most financings into reverse mergers require the company to have a reasonable belief that the investors are accredited, meaning essentially that they meet a certain income or net worth test under SEC Regulation D.
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Introduction to Reverse Mergers
David N. Feldman is the founder and Managing Partner of Feldman LLP. His practice focuses on corporate and securities matters and general representation of public and private companies, investment banks, private equity firms and high net worth individuals.
David is considered one of the country's leading experts on reverse mergers, in which a private company becomes publicly traded through a merger with a publicly held "shell" company. His book on the subject, Reverse Mergers: Taking a Company Public Without an IPO (Bloomberg Press) was published in 2006, and has since entered its third printing.
