Overview of the Typical PIPE Registration Process
{"Image DocumentName": "Overview of the Typical PIPE Registration Process", "Image ImageDescription": "Issuer will file on Form S-3 or S-1. PIPE terms usually require filing a registration within 30 to 60 days of the closing of the PIPE securities and having it declared effective within days. Issuer registers for resale by the PIPE investors any common stock and any common stock underlying convertible securities issued in the PIPE. Exchange registered small cap companies (not including BB or Pink Sheets) \u2013 with less than  75 million public float can now use Form S-3 for secondary resale registrations with no limit and primary offerings up to a limit of 33% of the public float in any 12 month period. Also, the Issuer cannot be in default on debt since its last fiscal year end and must have been a reporting company, must have timely filed all their reports and not a shell company for at least 12 months. If the Issuer is allowed to use Form S-3 for resales then the registration statement will be evergreen . As the Issuer files its Exchange Act reports, the S-3 is automatically updated.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}