Financial Transactions and Regulatory Compliance Review

Covering the latest in capital markets transactions, funds, annuities, financial reporting and SEC filings

What to Expect from the Financial CHOICE Act

In 2010, President Barack Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act to regulate the finance industry following the Worldwide Financial Crisis and subsequent Great Recession. Today, the Republican-dominated legislature is considering a new bill, the Financial CHOICE Act, to replace Dodd-Frank, dramatically decreasing the Federal Government’s ability to regulate Wall Street as is in keeping with Republican business-first doctrine.

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IPOs and Transactions: May 8 - 12

There were 60 transactions filed with the SEC last week.

Congratulations to all of the corporations and law firms that selected our transactions services including, Phillips Edison Grocery Center REIT III Inc. w/ DLA Piper LLP & Griffin Capital Company, LLC, Drone USA Inc. w/ Drone USA, Inc., Farmers & Merchants Bancshares Inc. w/ Gordon Feinblatt LLC, Staar Surgical Co., w/ Homeier Law PC, WPCS International Inc. w/ K&L Gates LLP, Rosetta Genomics Ltd. w/ Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., Elite Pharmaceuticals Inc. w/ Silverman Shin & Byrne, Rosetta Genomics Ltd. w/ Zysman, Aharoni, Gayer and Sullivan & Worcester LLP.

We appreciate that they selected to work with us and benefited from our decades of industry experience that enable us to take on any size deal and execute it to the highest industry standards.

For more information on Toppan Vite's Acquisition of Vintage, click here.

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Recap Video: XBRL Requirements for IFRS, Education

Thank you to all the participants who attended our first XBRL Requirements for IFRS Webinar on Education today!

Stay tuned for future sessions on Creating a Success Plan and Implementation:

Featuring: Rob Blake, VP Product Management at Certent, Inc.

May 25, 11:00 AM EST - Implementation
Featuring: Campbell Pryde, CEO at XBRL US, Inc.
*CPE Credit Available on May 25

For your convenience and reference, download the webinar recording by clicking on screenshot below. 

 

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Confidential IPOs: The Upside of Filing in Private

Why are so many companies submitting their SEC paperwork via the JOBS Act on-ramp?

Points of discussions include:

  • Are there certain types of companies or sectors for which confidential offerings make sense?
  • What are the drawbacks or difficulties involved in conducting a confidential IPO?
  • In what ways are confidential filings beneficial or harmful to the investor class?
  • Why do some companies use this process but at the same time advertise their debut publicly?

Toppan Vintage question: Five years after the passage of the JOBS Act, (companies with revenue under US$1bn are allowed to file for a public offering privately) confidential IPOs have become very popular among qualifying companies that want to go public. What do you see as the main advantages of using a confidential filing? 4 dealmakers weigh in.

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Reminder: Tomorrow's Webinar - XBRL Requirements for IFRS, Education

Don't miss out! Sign up below for our XBRL for IFRS webinar series to learn about the taxonomy update, training tips, SEC deadlines, filing success plans and implementation options - including an available CPE credit during the May 25 session. 

Details for Webinar 1 - XBRL Requirements For IFRS:
Featuring: Gordon Ruckdeschel, Vice President, Operations at Vintage 

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SEC Update: Required Revisions to Cover Pages for Exchange Acts Reports, including 10-K, 10-Q and 8-K

The SEC has adopted new rules that change the cover pages of Securities Act registration statements (Forms S-1, S-3, S-4, S-8, S-11, F-1, F-3 and F-4) and Exchange Act periodic reports (Forms 10-K, 10-Q and 8-K), as well as Forms 10, 20-F and 40-F, to include new check boxes for a company to mark whether, at the time of filing, the company is an EGC and whether it has elected not to use the extended transition period to comply with new or revised accounting standards.

What Should You Do? 

All companies, EGCs or otherwise, should immediately contact their financial printing firm to revise their appropriate cover pages. Specialized printing companies employ experts in the ever-evolving rules from the SEC and other regulatory bodies, as well as EDGAR and XBRL, and can ensure a smooth adoption of any new requirements. 

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IPOs and Transactions: May 1 - 5

There were 46 transactions filed with the SEC last week.

Congratulations to all of the corporations and law firms that selected our transactions services including, Procaccianti Hotel Reit Inc. w/ Alston & Bird LLP & Morris, Manning & Martin, LLP, Fidelity Southern Corp. w/ Troutman Sanders LLP, Reven Housing Reit Inc. w/ Graubard Miller & Greenberg Traurig, LLP, Sorrento Therapeutics Inc. w/ Paul Hastings LLP, Limoneira Co. w/ Squire Patton Boggs LLP.

We appreciate that they selected to work with us and benefited from our decades of industry experience that enable us to take on any size deal and execute it to the highest industry standards.

For more information on Toppan Vite's Acquisition of Vintage, click here.

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Video: April's Top Law Firms for SEC Transactions

As subject matter experts in transactions i.e. IPOs and M&A, we carefully track the capital markets dealflow… daily, weekly and monthly. If you would like to be emailed the week’s transactions (every Monday afternoon), fill out the quick form on this page.

Continue on to view April's top law firms.

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Dynamic Publishing Technology - Saves Client 8 Days of Factsheet Production Time

Toppan Vintage, a leading international financial printing, communications and technology company for mission-critical content in capital markets transactions, financial reporting and regulatory compliance filings, has launched Dynamic Publishing Solutions (DPS), offering technology for automating dynamic content in business communications marketing materials and investment company and insurance factsheets, while enhancing enterprise content management and quality in a single-source environment.

Read more to find out how we saved our mutual fund client 8 days of factsheet production time.

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Manage New Regulations with Ease: N-PORT & N-CEN

Will you be ready when compliance with new forms begins in 2018?

Regulations 411

On October 13, 2016, the SEC adopted a rule requiring new Form N-PORT, a form to be used by non-money market funds to report series level data within 30 days of the end of each month. Form N-PORT will contain detailed information on virtually all of a fund’s portfolio holdings, including risk metrics. While the Form N-Q will be retired, a “human-readable” portfolio of investments will still be required 60 days after the first and third quarters.

While N-PORTs will be due monthly, new Form N-CEN is an annual census form (essentially a modernization and expansion of the N-SAR, which will be retired). This form will need to be filed by the 75th day after the fund’s fiscal year end.

As a valued partner in the investment companies and insurance industry, Toppan Vintage's R&D team is committed to easing the hassle associated with regulatory changes. Our full-service and content management SaaS solutions will provide a scalable, collaborative and easy-to-use solution to filing Form N-PORT and N-CEN.

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IPOs and Transactions: April 24 - 28

There were 50 transactions filed with the SEC last week.

Congratulations to all of the corporations and law firms that selected our transactions services including, Terra Secured Income Fund 5 LLC w/ Alston & Bird LLP & Clifford Chance US LLP, Pyxis Tankers Inc w/ Ellenoff Grossman & Schole LLP & Jones Day, Avenue Therapeutics Inc. w/ Alston & Bird LLP & Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., Lilis Energy Inc. w/ K&L Gates LLP, Applied Energetics Inc. w/ Masur Griffitts + Co. LLP, Rabble One LLC w/ Morrison & Foerster LLP.

We appreciate that they selected to work with us and benefited from our decades of industry experience that enable us to take on any size deal and execute it to the highest industry standards..

For more information on Toppan Vite's Acquisition of Vintage, click here.

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Webinar Series - XBRL Requirements for IFRS

Sign up below for our XBRL for IFRS webinars to learn about the taxonomy update, training tips, SEC deadlines, filing success plans and implementation options.

Featuring: Gordon Ruckdeschel,  Vice President, Operations at  Vintage

May 18, 3:00 PM EST - Create a Success Plan
Featuring: Rob Blake, VP Product Management at Certent, Inc.

May 25, 11:00 AM EST - Implementation
Featuring: Campbell Pryde, CEO at XBRL US, Inc.
*CPE Credit Available on May 25

All registrants will receive a recording of the webinars through email for those who can’t join due to time zone restraints. 
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Global Fund Industry Trends

One of the key tasks of a responsible financial printing firm is to keep up with regulatory changes from The Securities and Exchange Commission (SEC) so we can guide our clients to correct, accurate, and trouble-free reporting. The conditions of modern global business make it so regulations in one country affect every business that works within that country, so changes in one place are changes everywhere. And rules vary not only from location to location but from industry to industry. For example the fund industry operates under specialized rules meant to regulate businesses who’s every choice impacts a great many clients and the market itself. So let’s take a look at some of the major changes to regulations and financial printing thus far in 2017. 

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IPOs and Transactions: April 17 - 21

There were 43 transactions filed with the SEC last week.

Congratulations to all of the corporations and law firms that selected our transactions services including, HCBF HOLDING COMPANY INC. w/ Gunster, Yoakley & Stewart, P.A., HCBF HOLDING COMPANY INC. w/ Igler and Pearlman, P.A., EYEGATE PHARMACEUTICALS INC. w/ Burns & Levinson LLP, INFINITY CORE ALTERNATIVE FUND w/ Drinker Biddle & Reath LLP, EYEGATE PHARMACEUTICALS INC. w/ Lowenstein Sandler LLP, PETROQUEST ENERGY INC. w/ PetroQuest Energy, Inc., PETROQUEST ENERGY INC. w/ Porter Hedges LLP, GLOBAL MEDICAL REIT INC. w/ Vinson & Elkins L.L.P.

We appreciate that they selected to work with us and benefited from our decades of industry experience that enable us to take on any size deal and execute it to the highest industry standards.

For more information on Toppan Vite's Acquisition of Vintage, click here.

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Digital disruption in the middle market

Companies are using leading-edge technologies to gain efficiencies, strengthen their targeting efforts and transform their businesses. As the Internet of Things, artificial intelligence, and advanced analytics become commonplace in the dealmaking landscape, what effect is this trend having on the middle market?

Points of discussions include:

  • Which non-tech sectors in the mid-market are being most impacted by digital disruption?
  • How are technology considerations affecting the strategies of private equity buyers?
  • How are mid-market firms responding to the increasing pressure to compete with venture-backed, high-tech start-ups?

Toppan Vintage question: Which non-tech sectors in the mid-market do you think are being most affected by digital disruption? Which sectors would you say need to play catch up most to stay competitive? 5 dealmakers weigh in.

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The Importance of Digital Asset Management

Everything is digital today, from banking transactions to text messages to meeting a potential spouse. Running a business has most definitely gone digital, with communication, organization, and more all available at the touch of a button. And one of the most important ways companies can leverage digital technologies is to organize, search, store, edit, and distribute company assets to coworkers and business partners using Digital Asset Management (DAM). Exactly what it sounds like but so much more powerful than that, Digital Asset Management helps companies make the absolute best use of the ever-expanding library of digital documents they create every day. DAM is utterly indispensable to today’s businesses, and here are just a few reasons why:

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IPOs and Transactions: April 10 - 14

 

There were 59 transactions filed with the SEC last week.

Congratulations to all of the corporations and law firms that selected our transactions services including, PAVMED INC. w/ Greenberg Traurig, LLP, CAPITOL ACQUISITION HOLDING CO LTD w/ Graubard Miller, CHINO COMMERCIAL BANCORP w/ King, Holmes, Paterno Soriano, LLP, CAPITOL ACQUISITION HOLDING CO LTD w/ Kirkland Ellis LLP, CAPITOL ACQUISITION HOLDING CO LTD w/ Latham Watkins LLP, HIGHPOWER INTERNATIONAL INC. w/ Manatt, Phelps Phillips, LLP, CAPITOL ACQUISITION HOLDING CO LTD w/ Walkers Global.

We appreciate that they selected to work with us and benefited from our decades of industry experience that enable us to take on any size deal and execute it to the highest industry standards.

For more information on Toppan Vite's Acquisition of Vintage, click here.

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Benefits of our Merger, Part 4: Operations Expertise

Toppan Vite proudly announced the acquisition of Vintage on March 10. For more information on the acquisition, view our joint announcement hereToppan Vite and Vintage's combined staff possess numerous years of experience working on high profile deals for top corporations. We have done thousands of successful EDGAR and XBRL filings, and serviced approximately 5,000 publicly traded companies. We have the scale, financial strength, conference and printing facilities, and team experience to handle any deal, any size.

Our work is highlighted every Monday in our IPOs and Transactions of the Week blog and email. Importantly, our week’s success is further highlighted (and celebrated) by the appreciative notes our operations people receive each day from our clients.

 

  

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How International Deals Impact the US Market

Like any ecosystem, the world economy is deeply interconnected, and while America remains the largest single economy in the world, it’s the biggest fish in a pond with some pretty big fellow swimmers, and news from Europe and Asia most definitely affects the United States, just as the American market can dictate ups or downs for foreign affairs. For proof of this, look no further than the Greek crisis of 2011, with Standard & Poor’s 500-stock index dropping 18.6% in one year over concerns about Greece. Meanwhile, China’s potential slowdown could send American markets crashing like it’s 1929. With all this in mind, we should take a look at the business situations overseas and how they might influence American stocks.

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IPOs and Transactions: April 3 - 7


There were 52 transactions filed with the SEC last week.

Congratulations to all of the corporations and law firms that selected our transactions services including
, SOUTHERN NATIONAL BANCORP OF VIRGINIA INC., w/ Alston & Bird LLP, STERLING BANCORP w/ Astoria Financial Corp., STERLING BANCORP w/ Squire Patton Boggs LLP, SOUTHERN NATIONAL BANCORP OF VIRGINIA INC. w/ Troutman Sanders LLP, STERLING BANCORP w/ Wachtell, Lipton, Rosen & Katz, AMPLIPHI BIOSCIENCES CORP. w/ Cooley LLP, EVINE LIVE INC. w/ Gray, Plant, Mooty, Mooty & Bennett, P.A., OCEAN POWER TECHNOLOGIES INC. w/ Kelley Drye & Warren LLP, INSPIRED ENTERTAINMENT INC. w/ Kramer Levin Naftalis & Frankel LLP, MATINAS BIOPHARMA HOLDINGS INC. w/ Lowenstein Sandler LLP, AMPLIPHI BIOSCIENCES CORP. w/ Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., OCEAN POWER TECHNOLOGIES INC. w/ Porter Hedges LLP.

We appreciate that they selected to work with us and benefited from our decades of industry experience that enable us to take on any size deal and execute it to the highest industry standards.

For more information on Toppan Vite's Acquisition of Vintage, click here.

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