Reliable, experienced counsel in PIPE and RDO transactions

Graubard Miller is involved in all aspects of private investment in public equity (PIPE) and registered direct offerings (RDO) on behalf of our issuers and investment banking clients. PIPEs and RDOs may be consummated over relatively brief periods of time, and often are more efficient than traditional secondary public offerings. Our lawyers facilitate both traditional PIPEs and structured PIPEs, depending on client needs. Graubard Miller has consistently ranked among the top 20 law firms in terms of number of PIPE transactions handled on behalf of the issuer.

Our lawyers have substantial experience structuring RDOs as well. 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 knowledge and experience in PIPE and RDO financings, together with our broad general corporate and securities 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.