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Replies to post #13417 on Woodbrook Group Holdings Inc (WDBG)
12/01/18 11:18 PM
Woodbrook Group is also in discussions on a public offering the NASDAQ. "We were approached by a hedge fund, Blackhawk Partners. They are interested in taking a shareholder in the group and listing on the NASDAQ. We're looking at it," Doherty said. "We would look to raise somewhere around $50 million."
In true fashion of a typical reverse merger and unlike its sister public offering, the IPO, an APO can occur quite rapidly once the shell has been created and the financing obtained. When due diligence on both sides has been performed an 8K will be filed with the SEC for disclosure.
If the funding is ready, an APO can close within a month or two. Similar to an IPO, an APO has the same disclosure and reporting requirements and roughly four months after the official completion of the deal, the company should receive clear the SEC for effective trading. This is typically when the company obtains a listing with the stock exchange which can take a few weeks. This is when investor relations really gets kicked-off and stock promotion typically begins.
They also offer an interesting alternative to other investments from traditional sources. In a typical APO, the new public vehicle will receive investment money from accredited and institutional sources.
The benefit for investors is that an existing market for the stock is created prior to going public, the shares are more liquid if traded on an exchange and the company is well-positioned to raise even more capital through the market.
An APO also does not require massive public disclosures until after the deal closes. This helps protect suppliers, employees and customers from rocking the boat before the deal is consummated. It also helps because the private company can feel out investors sentiment with an APO prior to even making the announcement of going public.
12/03/18 10:50 AM
