PIPEs and RDOs

Graubard Miller is involved in all aspects of private investment in public equity (PIPE) and registered direct offerings (RDO) on behalf of our issuer and investment banking clients. PIPEs and RDOs may be consummated over relatively brief periods of time, and often are as efficient as secondary public offerings. Our lawyers are able to facilitate both traditional PIPEs and structured PIPEs, depending on client needs.

In the current investment climate, RDOs increasingly are viewed to have advantages over PIPEs. For instance, RDO shares are unrestricted upon purchase and therefore are more liquid. Our lawyers have substantial experience structuring RDOs as well.

Our expertise in the area of PIPE and RDO financings, together with our broad general corporate expertise, enables us to serve as counsel in connection with financings involving issuers across a wide range of industries – from retail to entertainment to telecommunications to media communications to technology. Our PIPE and RDO financing practice involves both institutional and retail financings. In each transaction, we make certain that the specific area of financing will conform to all applicable securities regulations.