Registered Directs

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A registered direct offering or (RD) is very similar to a PIPE (Private Investment in Public Equity), except investors receive registered shares of the issuer. As a result, no subsequent registration of the securities issued in the offering is required.

RDs have increased in 2008 and 2009 because the SEC changed its rule to allow exchange-listed (not OTCBB), sub $75M market cap companies that are current in their SEC filings to utilize universal shelf registrations.

EG&S was ranked #1 for for placement agent representation in PIPE/RD transactions (by number of transactions) for 2011 among all U.S. law firms.

 



 

Cell Therapeutics, Inc(NASDAQ:CTI)

$30,000,000 registered direct offeringEG&S acted as counsel to the placement agent

JULY 5, 2011

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