PIPEs and Mergers and Acquisitions
Many reverse mergers are accompanied by a simultaneous PIPE transaction, which is typically undertaken by smaller public companies. Shares are sold at a slight discount to the public market price, and the company typically agrees to use its best efforts to register the resale of those same securities for the benefit of the purchaser.
Read more about this topic: Private Investment In Public Equity
Famous quotes containing the words pipes and and/or pipes:
“What does headquarters think these guys came over here for, a sewing circle? They go up playing for keeps. Cops and robbers with rocks in the snowballs. Brass knuckles and lead pipes and a roughneck conviction they can lick any man in the world.”
—Dalton Trumbo (1905–1976)
“What does headquarters think these guys came over here for, a sewing circle? They go up playing for keeps. Cops and robbers with rocks in the snowballs. Brass knuckles and lead pipes and a roughneck conviction they can lick any man in the world.”
—Dalton Trumbo (1905–1976)