Monthly Archives: April 2018

In a series of recent public statements (most recently in February 2018), the SEC has encouraged companies to pursue relief under Rule 3-13 of Regulation S-X—the regulation that specifies the form and content of financial statements required by public companies. Pursuant to Rule 3-13, the SEC Staff may permit the omission of financial statements that are otherwise required under Reg S-X or the substitution of such required financial statements with other statements of comparable character.… More

We are hosting a session at NewCo Boston entitled “Planning for Exit. Top 5 Pitfalls.” It’s never too soon to plan for your company’s exit. Whether by IPO, sale or otherwise, you need to make sure you are ready when opportunity knocks.

Our discussion will guide you through the stages of exit and help your company avoid the most common mistakes. Preparing now makes for a smooth exit later!… More

This week the SEC staff expanded relief for the disclosure of non-GAAP financial forecasts used in business combinations.

In these transactions, public companies routinely obtain fairness opinions from an investment bank regarding the value of the consideration to be paid to shareholders, and the fairness opinions normally rely on financial projections provided by the company.  These projections are often prepared in a way that varies from GAAP and,… More