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Reverse Mergers
Reverse Mergers--an Alternative Liquidity Route for Entrepreneurs and Private Equity Professionals
Wharton West, San Francisco
Wednesday, February 16th, 2005
Reception (with appetizers): 6:00pm - 7:00pm
Presentation: 7:00pm - 8:00pm
An IPO has long been the Holy Grail for growth companies. Entrepreneurs and private equity professionals (VCs, PE funds, and other direct investors) view the IPO as a liquidity event and a new beginning for their now-public company to attract new capital, pursue growth opportunities, and implement strategic acquisitions.
In recent years, however, IPO activity has declined from a high of 391 IPO's in 2000 to just 93 in 2004.
A clear need for an alternative to the traditional IPO has emerged, and reverse mergers into a public 'shell' company have gained rapid momentum to address this demand. The process requires less time than a traditional IPO, is not dependent on market forces or complex underwriting syndicates, and can be carefully managed.
David Feldman, a Managing Partner at Feldman Weinstein LLP, is one of the foremost experts on Reverse Mergers. While going public presents a variety of advantages to companies, founders, and investors, increased SEC oversight and the intricacies of Sarbanes-Oxley require careful implementation and attention to detail.
David N. Feldman David is the Managing Partner of Feldman Weinstein LLP. His practice focuses on corporate and securities matters and general representation of numerous public and private companies, investment banks, venture capital firms and high net worth individuals both in general representation and in transactional and financing activities of all types. David's work also includes representation of many small and middle market private companies in general and transactional matters.
David is considered one of the country's leading experts on reverse mergers, in which a private company becomes publicly traded through a merger with a publicly held 'shell' company. Currently writing a book on the subject, he is a frequent public speaker, seminar leader and counsel on issues related to implementation of reverse mergers.
David received a Bachelor of Science in economics from the Wharton School of Business at the University of Pennsylvania in 1982 and his Juris Doctor in 1985 from the University of Pennsylvania Law School. David is an avid supporter of Wharton and the University of Pennsylvania and currently serves as Chairman of Wharton's worldwide Alumni Association Board. He also is Chairman and founder of the New York Business School Clubs, an association of New York-area business school alumni groups. David serves as a member of the Business Advisory Board of Sterling National Bank and he has previously been a member of or associated with the law firms of Feldman & Ellenoff (which he co-founded); Pryor Cashman Sherman & Flynn; Reavis & McGrath (now Fulbright & Jaworski); and Rivkin Radler LLP.
This seminar will address the benefits of a reverse merger and will speak directly to the process of locating, vetting, and merging with a clean 'shell' company. The WCNC is pleased to present Mr. Feldman, who will be chairing a definitive full-day seminar on the subject the next day at a cost of nearly $1,000 per person.
$35 for WCNC members and their accompanied guests; this event is limited to current WCNC members and their accompanied guests.
$10 additional charge for registrations after 3:00pm, Friday, February 11th, 2005 and for day-of-event registrations, if available
Pre-registration deadline: 3:00pm, Friday, February 11th, 2005
Attendance is limited to 50 attendees, so please register early to assure a seat.
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