Popular Companies Now Look to Use Reg A+ to List on NYSE & NASDAQ
You may have heard of the popular Bobby Flay’s Burger Palace or Chicken Soup for the Soul Entertainment. You may not have heard that both plan to use Reg A+ to raise capital and list on senior US exchanges.
On Monday, Bobby’s Burger Palace, the fast casual burger concept created by award-winning Master Chef, Bobby Flay, announced it plans to file a Regulation A+ initial public offering. TriPoint Global Equities (who saw success with the recent listing of MYOMO on the NYSE Mkt) will act as the lead managing selling agent and bookrunner for the offering. Bobby’s Burger Palace seeks to raise up to $15 million in its IPO under Regulation A+ and then, in succession and subject to NYSE requirements, be listed on the NYSE MKT as “FLAY.”
Also on Monday, Chicken Soup for the Soul Entertainment, a publisher of self-help videos, filed a Reg A+ to sell its common stock in an initial public offering that aims to raise as much as $30 million. Chicken Soup for the Soul Entertainment was created last year as a subsidiary by its current parent company — Chicken Soup for the Soul Holdings (CSS Holdings) — to focus on video production. The company has applied to have its shares listed on the Nasdaq Global Market under the symbol CSSE.
These announcements come on the heels of a great June for Reg A+. David N. Feldman, partner in the global law firm of Duane Morris LLP, declared June 2017 as “The Month Reg A+ Arrived“, and, with increasingly well know companies looking to Reg A+, it seems like Reg A+ is definitely here to stay.