Category Archives: MicroCap Finance

Update on MicroCap Toxic Debt Class Action Lawsuit

In September, two New York law firms, The Basile Law Firm P.C. and Phillipson & Uretsky, LLP announced that they have opened an investigation into a potential class action lawsuit against New York based lenders of short-term loans to microcap companies trading on the OTC Market.   We checked in with Mark Basile, Esq. (of The Basile Law Firm P.C.)

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Public Cannabis Company Receives SEC Qualification for Reg A+ Offering

Late last week, True Leaf Medicine International Ltd. (CSE: MJ) (FSE: TLA) (OTCQB: TRLFF) launched a CAD $10 million Reg A+ offering after it received a qualification notice from the SEC. True Leaf is one of the few already public companies to use Reg A+ as a method to raise capital. True Leaf adheres to international reporting standards (vs SEC

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Reg A+ Offerings Have Raised Over $600 Million to Date

Last week, at the annual SEC Government-Business Forum on Small Business Capital Formation, Sebastian Abero, the head of the SEC’s Office of Small Business Policy shared that since inception there have been 69 completed Reg A+ offerings raising a total of $611 million. The update was shared by David Feldman Esq. on his blog. Feldman pointed out that seven of those 69

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Underwriting Stock and the Art of Legal Stock Price Manipulation [Guest Post]

Guest Post By: Irwin Stein, Esq.  There is a synergy in the stockbrokerage world upon which few people focus but without which the entire system of that capital formation as we know it might suffer. When a stockbrokerage firm sells its customers shares in an IPO both the firm and the customers want the same thing; they want the shares to

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Three Ways Investment Firms Can Expand Proprietary Deal Flow

A recent post by Matt Metalios on the Axial Forum says “Time to Reconsider Proprietary Sourcing.” Investment firms across the board are facing increased competition due to record levels of dry powder, high valuations, and a constant increase of worldwide connectivity. These factors are forcing investment firms to rethink how they approach business development and differentiate their deal flow from competitors. Metalios

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How and Why Level Brands Switched From A S-1 IPO to a Reg A+

Level Brands recently became the second issuer to complete a Reg A+ IPO and list on the NYSE American Exchange. NYSE: LEVB raised $12 million by selling 2 million shares at $6 each at a pre-money valuation of $35 million. LEVB wasn’t always on a path to completing a Reg A+ IPO. In fact, one week before completing and S-1 IPO the

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