Our Connect marketplace quality increased in Q1. Here’s what we’re tracking: More looks at primaries & blocks w/ diligence: Since March 2024, ~70% of deals matched on Caplight were SPVs, and 77% of those came with diligence materials
READ MOREAvoiding Pitfalls in SPV Transactions
After a few lean years of venture financing, 2024 has featured a few blockbuster financing rounds for relatively young companies in generative AI. Unlike prior years in which large rounds sparked movement in the secondary market, this year we’ve seen the focus of the market upon participation in primary rounds through SPVs. This is because […]
READ MORETakeaways from the FINRA 2024 Annual Conference
Every spring, hundreds of compliance and legal professionals from across the financial industry head to our nation’s capital for the Financial Industry Regulatory Authority (FINRA) Annual Conference. The purpose of the conference is for FINRA and Member Firms to meet and discuss key issues in the regulatory landscape. There are several break out education sessions, […]
READ MORECaplight Pre-IPO Secondary Market Update
In October of 2023, some institutions came back to the market, indicated by increased trading volume and average deal size. As indicated in the Caplight graphs below, Pre-IPO price performance continues to rebound and trading volume has picked up since the June bottom, with investors looking to take advantage of discounted secondary opportunities.
READ MORETop 10 CES 2024 Takeaways
As investment bankers providing M&A, capital raise, and strategic growth advisory services to entrepreneurial leaders inventing the digital future in emerging technology and media companies, the Consumer Electronics Show (CES) is a tentpole event for Progress Partners. We had 8 bankers attend and over 130 meetings with companies in the media, marketing, advertising, retail and […]
READ MORESEC adopts the Private Fund Advisor Rule (1A-5955)
On August 23, 2023, the Securities and Exchange Commission (SEC) adopted new rules and amendments to the Investment Advisers Act of 1940 that significantly affect the operations of private fund managers. While the new regulations do not directly affect broker/dealers, the changes affect many of our clients and it is important to understand how they […]
READ MOREAre you selling securities legally?
In the public capital markets and in particular markets involving retail investors, SEC regulations and FINRA rules are straight forward when it comes to the definition of a security and what constitutes securities activity. In the private capital markets, not so much. Companies looking to raise private capital spend a ton on securities attorneys to […]
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