Equity Line Financings: Practical and Legal Considerations

Many SPACs and former SPACs, as well as other mid-cap public companies, are considering financing through equity line financing arrangements. Equity line transactions are similar in many ways to the more common at-the-market offering structure but distinct in important respects. During this Briefing, the speakers will discuss the following:

• Basic structure of an equity line – 10 minutes
• SEC’s analysis of private equity lines – 10 minutes
• Registration of securities sold in private equity line transactions – 10 minutes
• Application of stock exchange rules to equity line financings – 10 minutes
• Overview of recently launched equity line financings by SPACs and former SPACs – 10 minutes
• Issues for financial institution purchasers to consider – 10 minutes

Program Level: Update

Prerequisites: None

Advanced Preparation: None

Faculty:

David S. Freed

Mayer Brown LLP

Steffen Hemmerich

Mayer Brown LLP

Brian D. Hirshberg

Mayer Brown LLP

Nikolai Utochkin

Nasdaq, Inc.