Preparing a Compliant Offering Memorandum
A Practical Guide for Issuers and Their AdvisorsWhat Every CEO, CFO, Director, and Professional Advisor Needs to Know About Offering Memorandum Compliance Understanding the Offering Memorandum Exemption The offering memorandum exemption under section 2.9 of...
Understanding Class Rights and Series Rights in Canadian Corporations: A Strategic Guide for Founders and Entrepreneurs
When structuring your company’s equity, the distinction between share classes and series isn’t just a legal technicality — it’s a strategic tool that can make or break financing, tax planning, and acquisition strategies. Getting this right from the...
Is the Appointment or Resignation of a Director or Officer Always Considered a Material Change of an Issuer?
Recently, in a conversation with someone I thought had deep knowledge about the securities markets and regulations, I was surprised to learn they didn’t believe the appointment of a new senior officer of a listed company was material information, or a material change....
Going Public in Canada: A Strategic Guide for U.S. Private Companies
Many U.S. companies could benefit from the strategic advantages of a public listing in Canada. The listing requirements are more accommodating for early-stage companies, the process is faster and more cost-effective, and the regulatory landscape is simplified. Additionally, it provides access to a different and often more receptive investor base.
Issuers and Registration: Understanding When It Is Required to Sell Securities
– August 9, 2024 – The regulation of securities trading in Canada is essential to ensuring the integrity of financial markets and protecting investors. A critical aspect of this regulation is the requirement for individuals and companies to register with...
An Introduction to the Accredited Investor Exemption
– October 31, 2023 – Under Canadian securities law, companies seeking to raise capital by selling securities must file a prospectus with regulatory authorities or qualify for an exemption. One commonly used exemption is the accredited investor (AI)...