Form D Report – July 2017

Form D Report – July 2017

Welcome to our introductory post of the Form D Report by Coral Capital Partners. Each month we look at the Form D filings with the Securities Exchange Commission (SEC) and analyze the data to see what is occurring in the private capital raise industry. We take a look at the industries that are raising capital, the types of offerings, and the involvement of investment banks in the capital raising process.  There are roughly 150 Form D’s filed every business day with the SEC. There is a tremendous amount of information contained within each and every Form D filing.  This information becomes even more informative when you start looking at all the filings within a month, a quarter, or a year.  We will be looking at this information and sharing our findings with you.  A printer friendly copy of this month’s report may be found (Form D Report (pdf copy) July 2017).

The month of July saw approximately 3,237 Form D filings with the Securities Exchange Commission (SEC).  Approximately 1,869 or just under 58% of those filing were new filings, with the remainder as amendments.  The three (3) top industries for filings were Pooled Investment Funds, Finance (banking, other banking & investment) and technology companies.

Equity offerings accounted for approximately 56% of the offerings, and Pooled Investment Funds accounted for approximately 34% of the filigs.

Investment banks were listed as receiving sales commissions on approximately 460 or approximately 14% of the offerings.  Of those 460 offerings, Pooled Investment Funds accounted for 287.

Form D Report – July 2017
# %
Total Filings 3,237
New Filings 1,869 57.7%
Amendments 1,368 42.3%
Industry Groups Type of Offering
# % # %
Agriculture 16 0.5% Debt 206 6.4%
Biotech 74 2.3% Equity 1,806 55.8%
Business Services 16 0.5% Equity & Debt 0 0.0%
Commercial 141 4.4% Pooled Inv. Fund 1,104 34.1%
Commercial Banks 13 0.4% Not Listed 97 3.0%
Computers 17 0.5%
Investing 35 1.1%
Oil & Gas 38 1.2%
Other Banking 318 9.8% Investment Bank Listed
Other Energy 24 0.7%
Other R/E 108 3.3% # %
Other Tech 322 9.9% Overall 460 14.2%
Pharmaceuticals 16 0.5% Pooled Inv. Fund 287 17.2%
Pooled Inv. Fund 1,668 51.5%
REITS 26 0.8%

About Coral Capital Partners and Erik Nelson

Erik Nelson is the President of Coral Capital Partners, an independent consulting and advisory firm focused on companies and participants in the lower and middle markets. Coral Capital Partners provides cost effective solutions to real world issues and situations. Coral Capital Partners, Inc. provides services to Investment Banks, Private Equity Funds, investors, and both privately held and publicly traded companies, as well as various stakeholders in those organizations. This has included international public companies with operations on three (3) continents to smaller privately held domestic companies. Our experience in the areas of corporate advisory, due diligence reviews, and regulatory compliance allows for a cost effective and efficient solution to the issues at hand. Please feel free to visit our web site at: www.coralcapital.com or call our offices via. telephone # (404)-816-9220 to see how we may be of assistance.

News from the SEC & FINRA (July 14, 2017)

Since our last update to July 14, 2017

Welcome to our blog that is dedicated to the variety of news announcements from the SEC and FINRA.  We also take a look at various news from outside sources relating to those agencies.  The months of May and June were exceptionally busy, and as a a result, I missed several weeks of the blog. As a result, we will try to cover as much as possible since our last blog.

The full list of releases from the SEC and FINRA is available to visitors of our site through the links below.  The actions that we have highlighted by listing them below, are those that have caught our attention for some particular reason; one that we will generally discuss.

SEC LITIGATION NEWS (Full List):

SEC ADMINISTRATIVE NEWS (Full List):

  •  SEC Action on Unregistered Securities (More)
  •  SEC Action Against Former Transfer Agent (More)
  •  Order Denying Application for Consent to Associate (More)
  •  Action Against Investment Advisor for Investing Outside of Funds Charter (More)
  •  Action Against Investment Advisor for Misappropriation of Client Funds (More)
  •  SEC Action Against “Strawman” Company Officer in Shell Creation Scheme (More,  More, More, and More)

SEC TRADING SUSPENSIONS (Full List):.

FINRA NEWS (Full List):

No significant news from FINRA.  The majority of the releases were related to trade reporting.

About Coral Capital Partners and Erik Nelson

Erik Nelson is the President of Coral Capital Partners, an independent consulting and advisory firm focused on companies and participants in the lower and middle markets. Coral Capital Partners provides cost effective solutions to real world issues and situations. Coral Capital Partners, Inc. provides services to Investment Banks, Private Equity Funds, investors, and both privately held and publicly traded companies, as well as various stakeholders in those organizations. This has included international public companies with operations on three (3) continents to smaller privately held domestic companies. Our experience in the areas of corporate advisory, due diligence reviews, and regulatory compliance allows for a cost effective and efficient solution to the issues at hand. Please feel free to visit our web site at: www.coralcapital.com or call our offices via. telephone # (404)-816-9220 to see how we may be of assistance.

 

 

This Week’s News from the SEC & FINRA (Apr 21, 2017)

For the Week of April 21st, 2017

Welcome to our blog that is dedicated to the variety of news announcements from the SEC and FINRA.  We also take a look at various news from out sources relating to these agencies. I was traveling during March, and as a result, I missed a couple of weeks of the blog. As a result, this week’s edition looks back several weeks to our last blog article.

The full list of releases from the SEC and FINRA is available to visitors of our site through the links below.  The actions that we have highlighted by listing them below, are those that have caught our attention for some particular reason; one that we will generally discuss.

SEC LITIGATION NEWS (Full List):

  • SEC Freezes Brokerage Accounts Behind Alleged Insider Trading (more)
  • SEC: Payments for Bullish Articles on Stocks Must Be Disclosed to Investors (more)
  • SEC Adopts JOBS Act Amendments to Help Entrepreneurs and Investors (more)
  • SEC Charges Muni Bond Underwriter with Gatekeeper Failures (more)
  • SEC Announces Agenda for April 5th Meeting of the Equity Market Structure Advisory Committee (more)
  • Court Enters Judgment in Unregistered Securities Offering (more)

SEC ADMINISTRATIVE NEWS (Full List):

  • SEC Action Related to Inaccurate Financial Statements (more)
  • SEC Action Against Shell Company Creator (more)
  • SEC Action Regarding Stock Kickback Payments (more)

SEC TRADING SUSPENSIONS (Full List):

  • Bingo Nation (more)
  • Sunshine Capital (more)
  • Algeta ASA (more)
  • Immage Biotherapeutics Corp (more)
  • AgriEuro Corp. (more)
  • eMedia Group (more)
  • New Gen BioPharma (more)
  • China BioPharma (more)
  • Ubiquity (more)

FINRA NEWS (Full List):

  • FINRA Requests Comments on Rules Impacting Capital Formation (more)
  • FINRA Requests Comments on Proposed Limited Safe Harbor from FINRA Equity & Debt Research Rules for Desk Commentary (more)
  • National Adjudicatory Council Introduces New Sanction Guidelines (more)
  • FINRA Requests Comments on Proposed Amendments to Corporate Financing Rule (more)

 

About Coral Capital Partners and Erik Nelson

Erik Nelson is the President of Coral Capital Partners, an independent consulting and advisory firm focused on companies and participants in the lower and middle markets. Coral Capital Partners provides cost effective solutions to real world issues and situations. Coral Capital Partners, Inc. provides services to Investment Banks, Private Equity Funds, investors, and both privately held and publicly traded companies, as well as various stakeholders in those organizations. This has included international public companies with operations on three (3) continents to smaller privately held domestic companies. Our experience in the areas of corporate advisory, due diligence reviews, and regulatory compliance allows for a cost effective and efficient solution to the issues at hand. Please feel free to visit our web site at: www.coralcapital.com or call our offices via. telephone # (404)-816-9220 to see how we may be of assistance.