Mark Elenowitz to Speak at SEC 36th Annual Small Business Forum
SEC Announces Agenda and Panelists for the 36th Annual Small Business Forum
FOR IMMEDIATE RELEASE
Washington D.C., Nov. 16, 2017 —
The Securities and Exchange Commission today announced the agenda and panelists for the 36th Annual Government-Business Forum on Small Business Capital Formation.
The November 30 event will begin at 9 a.m. Central Standard Time (10 a.m. Eastern Standard Time) with opening remarks from the SEC Chairman and Commissioners followed by a morning panel discussion that will explore how capital formation options are working for small businesses. Panelists will include representatives of Texas-based small businesses and advisors to the small business community.
Following the morning panel discussion, attendees will work in groups to formulate specific policy recommendations. These breakout groups will develop recommendations on a variety of issues related to small business capital formation, including exempt securities offerings and smaller registered offerings.
As the Commission previously announced, this year’s annual small business forum is being hosted in partnership with the Herb Kelleher Center for Entrepreneurship, Growth, and Renewal at the McCombs School of Business at The University of Texas at Austin. It will be held in the AT&T Executive Education and Conference Center on the campus of The University of Texas at Austin at 1900 University Avenue. The forum will be open to the public and the opening remarks and morning panel discussion will be webcast live at www.sec.gov. The webcast will not include the breakout group sessions, but those sessions will be open to the public and accessible by phone to anyone who pre-registers online by November 27, 2017. More information, including forum materials, will be made available on the small business forum webpage.
2017 SEC Government-Business Forum on Small Business Capital Formation
AT&T Executive Education and Conference Center
On the campus of The University of Texas at Austin
1900 University Avenue
Austin, TX 78705
November 30, 2017
Call to Order
Sebastian Gomez Abero, Chief, Office of Small Business Policy, SEC Division of Corporation Finance
Jay Hartzell, Dean, McCombs School of Business, The University of Texas at Austin
Introductions of Chairman and Commissioners
William H. Hinman, Director, SEC Division of Corporation Finance
Chairman Jay Clayton
Commissioner Kara M. Stein
Commissioner Michael S. Piwowar
How Capital Formation Options Are Working for Small Businesses, Including Small Businesses in Texas
William H. Hinman, Director, SEC Division of Corporation Finance
Sebastian Gomez Abero, Chief, Office of Small Business Policy, SEC Division of Corporation Finance
Mark Elenowitz, Founder and CEO, TriPoint Global Equities
Jan Goetgeluk, CEO, Virtuix
Youngro Lee, CEO, NextSeed
Antonio Madrid, Co-Founder, The Native
Catherine V. Mott, CEO, BlueTree Capital Group
Michael S. Pieciak, Commissioner of the Vermont Department of Financial Regulation
Annemarie Tierney, Vice President and Head of Strategy and New Markets, NASDAQ Private Market
Paul R. Tobias, Partner, Vinson & Elkins, L.L.P.
BANQ® Highlighted in June 2017 CFA Institute Magazine
The CFA Institute Magazine published an article title A Phase in the Crowd. TriPoint Global Equities and its on line division BANQ was profile. See the following link to view the story http://www.cfapubs.org/doi/pdf/10.2469/cfm.v28.n2.18
TriPoint Global Equities/BANQ® Announces Hiring of Jack Brewer and Florida Expansion
NEW YORK, NY--(May 4, 2017) - TriPoint Global Equities, LLC, (“TriPoint”), a FINRA member and leading boutique investment bank that provides companies with capital raising as well as corporate and strategic advisory services, and is positioning itself to be a leader in Reg A+ offerings through its online electronic platform BANQ® (www.BANQ.co), announced Jack Brewer has joined the firm to spearhead business development. In addition, TriPoint is pleased to announce that Jack will expand TriPoint’s operations to Florida.
Jack Brewer possesses a unique combination of expertise in the fields of global economic development, sports and finance through his roles as a successful entrepreneur, journalist, producer and humanitarian. In addition to his role at TriPoint, Jack is currently serving as the Executive Chairman and Portfolio Manager of The Brewer Group, Inc. as well as the Founder and Executive Director of The Jack Brewer Foundation (JBF Worldwide) and active Shriner. Other key roles include regular contributor to CNBC, Fox Business and The American City Business Journals, Senior Advisor to former H.E. President Joyce Banda of the Republic of Malawi, three-time National Football League (NFL) Team Captain for the Minnesota Vikings, Philadelphia Eagles and New York Giants and former Ambassador for Peace and Sport for the International Federation for Peace and Sustainable Development at the United Nations. Jack holds FINRA Series 7, 66, and 79 securities licenses as well as various state insurance licenses.
"We are extremely excited to have Jack join TriPoint. As we are emerging as leaders in the new era of finance, TriPoint is capitalizing on the opportunity to expand, focusing on bringing in top talent and industry leaders to join our team. Jack will bring added depth, skill and expertise to TriPoint and we will work together to further expand our resources and offerings. His network and connections will add significant value in our approach to the small cap IPO," said Mr. Mark Elenowitz, CEO of TriPoint Global Equities.
BANQ’s CEO, Mark Elenowitz to Join Panel Discussion "Platform and Funding Options" at CrowdInvest Summit December 8, 2016 Los Angeles Convention Center
Platform and Funding Options: Covering the various platforms and crowdfunding options available.
Moderator: Dara Albright Panelists: Howard Marks, Manny Fernandez, Marc Snover, Mark Elenowitz
BANQ’s CEO, Mark Elenowitz to Join Panel HOW CROWDFUNDING IS EMPOWERING NEW BUSINESSES? at the ad:tech New York 2016 event November 3, 2016 at The Javits Center
Crowdfunding is on track to surpass venture capital for 2016. Learn about this powerful form of alternative financing from leading crowdfunding experts in banking, marketing, and technology
For more information: https://ny.ad-tech.com/programme-day-2
BANQ’s CEO, Mark Elenowitz to Join Panel on Reg A+ with Marcum LLP September 14, 2016
Join us as our panel of experts discuss the following about the new rules:
Activity to date under the new regulations – how many companies are raising capital using the new rules and the reasons behind the activity.
Determining whether raising capital using the new rules is right for your company – exploring the pros and cons of raising capital this way.
Exploring the new rules from multiple perspectives – accounting, legal, investment bankers, brokers, regulatory and reporting compliance, etc.
This lively discussion will be followed by cocktails, hoers d'oeuvres and networking with fellow professionals.
Michael Brooder, Marcum LLP
Lisa Delfini, Marcum LLP
Mark Elenowitz, Tripoint Global Equities, LLC
Jason Paltrowitz, OTC Markets Group Inc.
Chris Pinilla, Vintage, a division of PR Newswire
Edward Whittemore, Murtha Cullina, LLP
September 14, 2016
Sheraton Stamford Hotel
700 Main Street
Stamford, CT 06901
3:30 PM: Registration
4:00 PM: Panel Discussion
5:30 PM: Networking Cocktail Reception
BANQ’s CEO, Mark Elenowitz to Host Reg A+ Workshop at SeeThruEquity 5th Annual Microcap Investor Conference
NEW YORK, NY, May 24, 2016 – BANQ®, a division of TriPoint Global Equities, LLC, a leading electronic broker-dealer announced today that its CEO, Mark Elenowitz will be speaking at the SeeThruEquity 5th Annual Microcap Investor Conference, which will be held at Convene in Midtown at 730 3rd Avenue, New York, NY onTuesday, May 31, 2016.
BANQ® is a fully electronic platform that takes the entire public and private offering process online and provides instantaneous confirmation and deposit of all investment transactions. BANQ® allows issuers to conduct offerings and raise capital under Regulation A+ and most importantly allows investors to have the ability to deposit and liquidate their Reg A+ investment shares that trade on the OTC Markets Group (OTCQX: OTCM) OTCQB® or OTCQX®. BANQ’s primary mission is to bring compliant and meaningful Regulation A+ offerings to individual investors through a seamless experience. Mr. Elenowitz will speak at the 2016 Conference to help insurers, investors and service providers to better manage and understand the fundamentals of the Securities and Exchange Commission’s (SEC) Regulation A+ Offerings.
Date: May 31, 2016
Location: Convene in Times Square, 730 3rd Avenue, New York, NY
To Register Click Here: HERE
Regulation A+, which is Title IV of the Jumpstart our Business Startups Act, or JOBS Act. Regulation A+ allows startups and small businesses to raise a maximum of $50 million under this law. The newly approved Regulation A+ allows these funds, subject to certain limitations, to be raised from the general public. This means that startups and small businesses can now accept investment in small Initial Public Offerings from the general public, even if the investors are not accredited.
BANQ® offers access to registered public offerings, such as IPOs and secondary offerings, private placements and now Reg A+ transactions. In addition, BANQ® offers low-priced trading commissions, as low as $0.99 and $3.95 per trade. By charging a low commission, BANQ® is making investing even more accessible to the growing number of individual investors.
For additional information and to discuss listing or partnering with BANQ, please contact us at email@example.com.
Since the company's founding in 2011, SeeThruEquity (STE) has been committed to its core mission: providing impactful, high quality research on uncovered and undercovered microcap stocks and hosting investor conferences throughout the year. STE has been able to grow its research universe to over 190 names.
STE conferences are the ultimate event for publicly traded companies with less than $1 billion in market capitalization because it augments the conference experience with the firm’s research which is part of Wall Street consensus and available across industry leading platforms including Thomson First Call, FactSet, S&P Capital IQ, Yahoo! Finance and Bloomberg to name a select few. STE has hosted 20 investor conferences which have showcased over 350 companies, attracted over 4500 attendees and have included over 1,700 1-on-1 meetings. For more information please visit www.steconference.com.
Harris & Harris Group Partners With BANQ® to Facilitate Co-Investment Opportunities
NEW YORK, March 31, 2016 -- Harris & Harris Group, Inc. (NASDAQ:TINY), an investor in transformative companies enabled by disruptive science, announced today that it has partnered with BANQ®, the online division of TriPoint Global Equities LLC, a FINRA member broker-dealer, to facilitate proposed offerings of equity interests in H&H Co-Investment Partners. These proposed offerings will be structured to provide limited numbers of accredited investors the opportunity to co-invest alongside Harris & Harris Group, through H&H Co-Investment Partners, in certain follow-on offerings by its portfolio companies. All equity interests issued by H&H Co-Investment Partners will be offered by TriPoint Global Equities.
“We believe that the BANQ® platform is a unique and powerful online tool for facilitating private and public placements,” said Daniel B. Wolfe, President and Managing Director of Harris & Harris Group, Inc. “We are excited to work with the team at TriPoint Global Equities on this effort.”
“We are pleased to be working with Harris & Harris Group to provide to its accredited investors a digital solution to invest, through H&H Co-Investment Partners, in certain follow-on offerings by its portfolio companies,” stated Mark Elenowitz, CEO, TriPoint Global Equities, LLC.
Accredited investors that are interested in viewing equity interests being offered by H&H Co-Investment Partners can set up accounts on BANQ®’s website at www.banq.co. We currently plan to begin taking subscriptions for the first co-investment opportunity on the BANQ® platform in April or May 2016. Offering materials, including the Private Placement Memorandum (PPM), diligence and subscription documents, will be posted at that time.
Detailed information about Harris & Harris Group and its holdings can be found on its website at www.HHVC.com and on Facebook at www.facebook.com/harrisharrisvc.
About Harris & Harris Group
Harris & Harris Group is a publicly traded, internally managed business development company that builds transformative companies from disruptive science. Detailed information about Harris & Harris Group and its holdings can be found on its website at www.HHVC.com, on Facebook at www.facebook.com/harrisharrisvc and by following on Twitter @harrisandharrisgroup.
506(c) Offering Legend
Investors should consider the investment objectives, risks, and charges and expenses of H&H Co-Investment Partners, LLC carefully before investing. The PPM relating to each offering of equity interests by H&H Co-Investment Partners, LLC will contain this and other information about H&H Co-Investment Partners, LLC and should be read carefully before investing. Copies of the PPM relating to each offering of equity interests by H&H Co-Investment Partners, LLC may be obtained, when available, by accessing BANQ®’s website at www.banq.co.
Securities of H&H Co-Investment Partners, LLC are expected to be offered and sold in reliance on the exemption from registration set forth in Section 506(c) under the Securities Act of 1933, as amended, or the "Securities Act". In accordance therewith, you should be aware that (i) the securities may be sold only to “accredited investors,” which for natural persons are investors who meet certain minimum annual income or net worth thresholds; (ii) the securities will only be offered in reliance on an exemption from the registration requirements of the Securities Act and will not be required to comply with specific disclosure requirements that apply to registration under the Securities Act; (iii) the Securities and Exchange Commission will not pass upon the merits of or give its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials; (iv) the securities will be subject to legal restrictions on transfer and resale and investors should not assume they will be able to resell their securities; investing in securities involves risk, and investors should be able to bear the loss of their investment; and (v) the securities offered will not be subject to the protections of the Investment Company Act.
Any performance data set forth herein represents past performance. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data presented. H&H Co-Investment Partners, LLC is not required by law to follow any standard methodology when calculating and representing performance data, and as a result the performance of H&H Co-Investment Partners, LLC may not be directly comparable to the performance of other funds.
This press release is not an offer to sell, or the solicitation of an offer to purchase, any securities of H&H Co-Investment Partners, LLC, in any jurisdiction where such offer or sale would be prohibited.
This press release may contain statements of a forward-looking nature relating to future events. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. These statements reflect the Company's current beliefs, and a number of important factors could cause actual results to differ materially from those expressed in this press release. Please see the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2015, as well as subsequent filings, filed with the Securities and Exchange Commission for a more detailed discussion of the risks and uncertainties associated with the Company's business, including, but not limited to, the risks and uncertainties associated with venture capital investing and other significant factors that could affect the Company's actual results. Except as otherwise required by Federal securities laws, the Company undertakes no obligation to update or revise these forward-looking statements to reflect new events or uncertainties. The references and links to the websites www.HHVC.com, www.banq.co, www.tripointglobalequities.com and www.facebook.com have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Harris & Harris Group is not responsible for the contents of third party websites.
BANQ's CEO, Mark Elenowitz, Featured on Inc.com
"This Stock Market Expert Shares 9 Ways to Avoid Messing Up Your Retirement"
NEW YORK, NY--(Marketwired - Jan 26, 2016) - BANQ®, the online division of TriPoint Global Equities, LLC, a FINRA member broker-dealer announced today that its CEO, Mark Elenowitz, was featured in an Inc.com piece entitled "This Stock Market Expert Shares 9 Ways to Avoid Messing Up Your Retirement" published on Monday January 25, 2016.
In the article, Inc.com writer, Kevin Daum, discusses BANQ's CEO Mark Elenowitz, "I interviewed Elenowitz, who has been championing the everyday investor and helping entrepreneurs looking to raise capital for more than 20 years. Regardless of whether you are leveraging your savings to build a company or just socking it away for that life sipping Mai Tais on the beach, you can benefit from his advice. Elenowitz believes good investments can easily be managed with a few simple rules. Elenowitz advises, 'If you are investing on your own, treat yourself like a client and be honest with yourself in analyzing your goals, then invest according.'"
Read the full article appearing on Inc.com here: http://bit.ly/1JxVYcv
Please Join Us - Hot Topics Roundtable Regulation A+
Mark Elenowitz Quoted on CNBC's Fed Flash Survey
Mark Elenowitz to be a judge for the NFTE National Youth Entrepreneurship Challenge on October 6, 2015 at Sheraton NY Times Square
Network for Teaching Entrepreneurship (NFTE), an international nonprofit organization dedicated to inspiring young people from low-income communities to stay in school and recognize business opportunities will be hosting a Youth Entrepreneurship Challenge presented by Citi Foundation on October 6, 2015 at the Sheraton NY Times Square.
The Network for Teaching Entrepreneurship (www.nfte.com) is a not-for-profit organization that teaches entrepreneurship to young people from low-income communities to enhance their economic productivity by improving their business, academic, and life skills. Founded in 1987 and headquartered in New York City, NFTE has reached 600,000 young people and trained more than 5,000 teachers worldwide. NFTE has offices in the metropolitan areas of New York, Boston, Baltimore/Washington, Chicago, Dallas, Miami, Los Angeles, San Francisco, Saint Louis, and Philadelphia. NFTE works with partner organizations in the USA in Atlanta, Fresno, Cleveland, and South Carolina, and in 10 other countries.
MarkElenowitz to Speak at United Nations Nexus Global Youth Summit
Mark Elenowitz is to be a plenary speaker the The 5th annual Nexus Global Youth Summit on Innovative Philanthropy and Social Entrepreneurship that will convene in New York City on 22-25 July, 2015 at the United Nations. He will host the Entrepreneurs in Action: Pitches from Young Inventors.
The Nexus goal is to create a safe space for connection and collaboration has become a launchpad for leaders in philanthropy and social innovation from around the world to catalyze change. Nexus is a global movement of 2000+ young people from over 70 countries working to increase and improve philanthropy and impact investing by bridging communities of wealth and social entrepreneurship. http://www.nexusyouthsummit.org/
FinFair speaker and BANQ founder preaches caution
The CEO and Founder of BANQ said he understands the excitement surrounding aspects of the JOBS Act, but cautions those pondering a mini-IPO need to consider all of the impacts or they risk damaging their prospects over the long term.
BANQ CEO and Founder Mark Elenowitz is a featured speaker atFinFair 2015 taking place on July 29 at the IBM Innovation Center in Manhattan. FinFair 2015 brings together the people shaping both Wall Street and the crowd-centric retail alternatives market.
BANQ is a division of TriPoint Global Equities, a full-service investment bank which specializes in financings and advisory services for growth companies, including public equity, institutional private placements, mergers and acquisitions and corporate finance.
Mr. Elenowitz said BANQ – launched this spring – will improve the ability of accredited investors to connect with growth companies and alternative investment opportunities. It will also feature IPOs, Regulation A+ offerings, secondary offerings and PIPES.
Initial investor reaction has been positive.
“We can process as many as two million accounts each week,” Mr. Elenowitz said.
The combination of the advent of the JOBS Act with the growing ability of investors to use the internet to both identify and research opportunities made now the perfect time to launch BANQ, Mr. Elenowitz said.
Thus he understands the excitement surrounding the JOBS Act, but he also suggests caution, especially concerning Title III, which he sees as flawed.
“It’s a disaster waiting to happen.”
Mr. Elenowitz explained some platforms may not be licensed to execute transactions. They must also be licensed to receive fees. Failure to be properly licensed leaves them open to sanctions and liability.
As a FINRA member, BANQ is properly insured and because they are a registered broker dealer, investors can be more confident of the opportunities they sponsor, he added.
Given the novelty of the many online investment opportunities available, Mr. Elenowitz believes transparency will be very important, as it will allow investors to properly vet platforms they are considering. BANQ provides that transparency by offering their securities through TriPoint, which provides liquidity for the successful public offerings taking place on BANQ.
This is an important development for regular investors because they seldom have access to the most desirable IPOs which get snatched up by institutional investors, he explained, citing the recent GoPro IPO as an example.
“A wide range of accredited and public investors can now participate in opportunities which were previously unavailable to them,” Mr. Elenowitz said. “It levels the playing field.”
That playing field is further equalized by providing investors with easy access to important information about companies through fully secured and encrypted data rooms, Mr. Elenowitz said.
“The data rooms are an interactive experience,” Mr. Elenowitz said. “We give them the same information that goes into the private placement agreements.”
“That is the same information the institutions have always had.”
Investors can also get a virtual tour of the companies they are considering an investment with.
“An investor in Iowa can conduct better due diligence on a company in Florida,” he said.
Regular webcast events allow investors to can post questions and request information from officials, Mr. Elenowitz added.
When the investor decides to sell an investment, they place the order and it gets executed, he explained. Tax information, confirmations and reporting documents are easily accessible online. Information addition is immediate through digital book entry.
“Other service professionals can execute a Regulation A transaction,” Mr. Elenowitz said. “In such cases investors receive a certificate. With BANQ the certificate is digitized so there are no deposit issues.”
The opportunity to conduct small cap IPOs through Regulation A+ allows companies to provide a fully registered offering to non-accredited investors without complying with state blue sky regulations, but there are many other areas investors need to be knowledgeable in, Mr. Elenowitz advises.
“How are trades executed? What access do you have to secondary markets?”
Mr. Elenowitz explained broker dealers play an important gatekeeper role, where they can use their experience to detect fraud. They are required by FINRA regulatory notice 09-05 to ensure compliance with all laws while participating in unregistered resales of restricted securities. They are required to take reasonable action if they notice “red flags” which may indicate an illegal, unregistered restricted security resales, with an example being when a customer physically deposits certificates or transfers in large blocks of securities from unknown sources.
A Sponsored Direct Offering (SDO) is BANQ’s small cap IPO process. After registering with the SEC and assuming they are compliant with state blue sky laws, a company call sell shares through an SDO. Usually after 180 days the company will be a fully-reporting issuer with the SEC and will trade on NASDAQ, NYSE MKT, OTCQB or OTCQX.
Mr. Elenowitz said an SDO offers some key advantages to small and medium sized companies. It provides them with a cost-effective way to go public without the traditional underwriting fees, costs and negative issues which often arise with reverse mergers.
An SDO also helps them avoid new NYSE and NASDAQ seasoning rules, Mr. Elenowitz said. These rules require companies becoming public through a reverse merger to complete a one-year “seasoning period” in a U.S.-based over-the-counter market before uplisting. Through BANQ, qualified companies can graduate to a senior exchange within a shorter time frame.
Clients who want either want to go public or conduct secondary offerings by raising funds themselves without paying full investment banker fees can employ the TriPoint Sponsored Direct Offering Mr. Elenowitz said.
A key feature of the TriPoint SDO is that BANQ helps the company follow the proper procedures right from the beginning so they do not make mistakes which later prove to be fatal. All services the company will need to later go public are completed by BANQ through access to professionals, service partners and vendors, he added.
Investors in a TriPoint SDO can deposit their stock certificates and trade their securities with BANQ.
BANQ also allows other broker dealers to list opportunities on the site, so investors have a wider range of investment opportunities, Mr. Elenowitz said.
Mr. Elenowitz said Regulation A+ offerings are well suited to companies with established affinity groups whose users often become brand ambassadors through personal interaction and social media posts.
“It is like Tupperware. You believe in the product, then you become a shareholder and then a marketer.”
Mr. Elenowitz said 24 years of experiencing the pitfalls of the industry has prepared him to guide companies through the offering process.
“Smart guys are the ones who have learned from mistakes. I will tell people what they need to hear.”
OTC Markets Builds “On-Ramp” for Reg A+ Offerings
Alternative trading markets operator OTC Markets Group has finalized new rules enabling issuers to list their Regulation A+ securities on two of its marketplace tiers. OTC Markets is vying to be the market leader in trading Reg A+ offerings in the secondary market by moving early to accept these capital-raising deals for emerging growth companies. The rules will enable Reg A+ IPOs as well as previously issued Reg A+ securities to be quoted on the firm’s QB and QX marketplaces.
The OTCQB Venture Marketplace offers trading for entrepreneurial and development-stage U.S. and international companies. Under the proposed OTCQB standards, a company that meets the existing OTCQB eligibility criteria can use its required Regulation A+ Tier 2 reporting to fully meet its initial and ongoing OTCQB disclosure requirements. This means issuers will need to provide an annual PCAOB-audited financial statement and one semi-annual financial report that does not require an audit. Additionally, an annual management verification process must be conducted, which includes a list of major shareholders and names of attorneys who helped prepare offerings and financial statements.
Another change is the initial bid price requirement has been updated to indicate that the minimum one-cent bid price test needs to be met at the time of application approval in addition to the time of application submission. Canadian companies raising capital under Regulation A+ must be listed on a qualified foreign stock exchange, such as the TSX Venture Exchange, to qualify for OTCQB.
Cromwell Coulson, President and CEO of OTC Markets Group said, “Companies that raise capital under Reg. A+ will benefit from our SEC regulated ATS trading platform to build visibility for their companies, provide liquidity to their investors, broaden their shareholder base and build a robust, transparent public market for their investors as they grow and mature their businesses.”
To list a Reg A+ Tier 2 offering on the OTCQX a company must meet the standard QX listing rules and provide quarterly financial reports. Only the annual financial report will be required to be audited though. The OTCQX is the top tier marketplace of the OTC Markets Group, with stricter listing requirements. There are more than 350 companies traded on the OTCQX, including several dozen community banks and foreign ADR issuers.
An OTC Markets spokesperson told Growth Capital Investor there are no commitments yet to list RegA+ offerings but the firm has been fielding lots of questions from issuers and deal lawyers considering the option. Reg A+ offerings were allowed to be submitted to the SEC Cromwell Coulson, OTC Markets Group beginning June 19.
A boutique investment bank with experience in raising capital for emerging growth companies, Tripoint Global Equities, says it plans to list Reg A+ deals that raise money on its newly launched crowdfunding platform BANQ on the OTC. BANQ works like an online bank that aims to provide individual investors, accredited and not, with direct access to the primary and secondary equity markets.
"Reg A+ potentially is the greatest innovation in capital raising since Reg D itself in early 1980s. It allows a company to raise money and create immediate liquidity for its shareholders and now thru BANQ, issuers have a platform to reach the investing community," said Mark Elenowitz, CEO of TriPoint. "We are excited about Reg A+ and look forward to seeing the Small Cap IPO return."
On June 22 a Riverside, Calif., company called ieCrowd ($MYIE) became the first emerging growth company to use BANQ to raise money from the public markets. ieCrowd describes itself as a “life and health innovations commercialization company.” Instead of using only traditional broker-dealers to sell its initial public offering, the company wanted to reach a broader market with digital marketing and chose Tripoint’s BANQ platform. BANQ allows investors to see videos of ieCrowd’s research operations, meet the CEO, and read the IPO prospective online. “So far there has been significant interest in the deal,” Elenowitz told Growth Capital Investor. The deal is expected to close on July 15.
TriPoint Global Equities/BANQ® Is Accepting Reg A+ Issuers
Reg A+ Is in Effect
NEW YORK, NY--(Marketwired - Jun 19, 2015) - TriPoint Global Equities, LLC. ("TriPoint"), a FINRA member and leading boutique investment bank that provides companies with capital raising and corporate & strategic advisory services, today announced that with the effectiveness of Reg A+ as of June 19, 2015, it electronic platform BANQ® (www.BANQ.co) is now accepting issuers looking to raise capital. Potential issuers should contact TriPoint at firstname.lastname@example.org.
The Securities and Exchange Commission (SEC) recently approved the final rules to activate implementation of Regulation A+ which is Title IV of the Jumpstart our Business Startups Act, or JOBS Act. The approval of Regulation A+ allows startups and small businesses to raise a maximum of $50 million under this law. The newly approved Regulation A+ allows these funds, subject to certain limitations, to be raised from the general public. This means that startups and small businesses can now accept investment in small Initial Public Offerings from the general public, even if the investors are not accredited.
TriPoint's new online investment banking division, BANQ® (www.BANQ.co), aims to provide individual investors with direct access to the primary and secondary equity markets. BANQ®'s platform takes the entire public and private offering process online and provides instantaneous confirmation of all investment transactions. BANQ® offers access to registered public offerings, such as IPOs and secondary offerings, private placements and now Reg A+ transactions. In addition, BANQ® offers low-priced trading commissions, as low as $0.99 and $3.95 per trade. By charging a low commission, BANQ® is making investing even more accessible to the growing number of individual investors.
"Reg A+ potentially is the greatest innovation in capital raising since Reg D itself in early 1980s. It allows a company to raise money and create immediate liquidity for its shareholders and now thru BANQ®, issuers have a platform to reach the investing community," stated Mark Elenowitz, CEO of TriPoint Global Equities. "We are excited about Reg A+ and look forward to seeing the Small Cap IPO return."
TriPoint, along with the OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities, will host a webinar providing an overview of Reg A+ on June 23, 2015 at 2 pm. Hear from Mark Elenowitz, CEO of TriPoint Global, and TriPoint's new online investment banking division, BANQ.co, about the intricacies of Reg A+, how it works and how companies can overcome barriers and leverage Reg A+. In addition, you will hear from OTC Markets Group's Executive Vice President Jason Paltrowitz about the rules and processes companies must undergo to join the OTCQX® Best and OTCQB® Venture Marketplaces using Reg A+.
Non-SEC reporting U.S. companies, advisors, investment bankers, and private companies interested in going public are invited to attend.
To Register for the webinar, please visit https://attendee.gotowebinar.com/register/7150045317662690561
TriPoint CEO, Mark Elenowitz, profiled on CNBC
TriPoint Global Equities and OTC Markets Group to Host Webinar on Reg A+ June 23, 2015 at 2 pm EST
NEW YORK, NY--(June 15, 2015) - TriPoint Global Equities, LLC. (“TriPoint”), a FINRA member and leading boutique investment bank that provides companies with capital raising and corporate & strategic advisory services, and OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities, today announced that they will host a webinar providing an overview of Reg A+ on June 23, 2015 at 2 pm.
OTC Markets Group and TriPoint Global Equities will discuss the SEC’s final ruling on Reg A+. The Securities and Exchange Commission (SEC) recently approved the final rules to activate implementation of Regulation A+ which is Title IV of the Jumpstart our Business Startups Act, or JOBS Act. The approval of Regulation A+ allows startups and small businesses to raise a maximum of $50 million under this law. The newly approved Regulation A+ allows these funds to be raised the general public. This means that startups and small businesses can now hold small Initial Public Offers not just from accredited investors, but also from the general public.
Hear from Mark Elenowitz, CEO of TriPoint Global, and TriPoint’s new online investment banking division, Banq.co, about the intricacies of Reg A+, how it works and how companies can overcome barriers and leverage Reg A+. BANQ (www.banq.co), aims to provide individual investors with direct access to the primary and secondary equity markets. BANQ's platform takes the entire public and private offering process online and provides instantaneous confirmation of all investment transactions. BANQ offers access to registered public offerings, such as IPOs and secondary offerings, private placements and shortly Reg A+ transactions, including its first public offering, ieCrowd. In addition, BANQ offers low-priced trading commissions, as low as $0.99 and $3.95 per trade. By charging a low commission, BANQ is making investing even more accessible to the growing number of individual investors.
In addition, you will hear from OTC Markets Group’s Executive Vice President Jason Paltrowitz about the rules and processes companies must undergo to join the OTCQX® Best and OTCQB® Venture Marketplaces using Reg A+.
Non-SEC reporting U.S. companies, advisors, investment bankers, and private companies interested in going public are invited to attend.
To Register for the webinar, please visit https://attendee.gotowebinar.com/register/7150045317662690561
After registering you will receive a confirmation email containing information about joining the Webinar.
Required: Windows® 8, 7, Vista, XP or 2003 Server
Required: Mac OS® X 10.6 or newer
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About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into marketplaces to inform investors of opportunities and risks: the OTCQX® Best Marketplace; the OTCQB® Venture Marketplace; and the OTC Pink® Open Marketplace. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial marketplaces, visit www.otcmarkets.com. OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
ieCrowd Launches Crowd Targeted IPO for its Planned NASDAQ Listing First IPO to Use BANQ's Online Investment Banking Platform
RIVERSIDE, Calif., June 4, 2015 /PRNewswire/ -- Innovation Economy Corporation ("ieCrowd™"), a life and health innovation commercialization company, announced today, Thursday, June 4, 2015, that its registration statement on Form S-1 relating to its Initial Public Offering ("IPO") has been declared effective by the Securities and Exchange Commission (the "SEC").
The offering will be sold on a best efforts basis. TriPoint Global Equities, LLC ("TriPoint") is acting as Selling Agent. ieCrowd plans to use TriPoint's online investment platform, BANQ (www.banq.co), to complete sales to retail and other investors.
In its IPO, ieCrowd is offering 3,125,000 units at a price to the public of $6.40 per unit, and expects to raise aggregate gross proceeds of up to $20 million. Each unit will consist of one share of ieCrowd common stock, and one warrant to purchase one-half of a share of ieCrowd common stock at an exercise price of $8 per whole share. The warrants will expire 36 months after the date they are issued. The shares of common stock and the warrants will be issued separately and may be resold separately, although they will have been purchased together in the IPO. ieCrowd's common stock and warrants are expected to begin trading on the NASDAQ Capital Market following the closing of the IPO – the common stock under the ticker symbol "MYIE" and its warrants under the ticker symbol "MYIEW". The IPO is currently scheduled to close on July 15, although the Company may decide to close it sooner.
"Our goal is to bring the world together to unlock the potential of untapped innovations," said Amro Albanna, ieCrowd's Chairman and CEO. "Today's announcement signifies an important milestone for ieCrowd towards that goal by creating an opportunity for everyone to become shareholders in potentially life-changing innovations that we are seeking to develop from research conducted by world-renowned research institutions. Our collaborative economy platform for discovering, developing and deploying innovations, coupled with BANQ's online investment banking platform, serve as a strong foundation for us as we strive to revolutionize the innovation commercialization industry."
The Company plans to market its IPO to potential investors through TriPoint and BANQ, through social media channel outreach, and through meetings with prospective investors at selected locations around the United States and internationally. According to TriPoint:
- BANQ is the first fully digital online investment banking platform to feature small cap IPOs.
- BANQ's platform provides secure, seamless and compliant introductions of qualified accredited and non-accredited investors to growth companies and alternative investment opportunities.
- BANQ offers low commissions of $.99 - $3.95 per trade.
The offering of ieCrowd's securities may only be made by means of a prospectus. An electronic copy of the prospectus may be obtained from the SEC website at www.sec.gov or at www.ieCrowd.com/IPO. A paper copy of the prospectus may also be obtained, upon written request, from Mr. Amro Albanna, ieCrowd's Chairman and CEO, c/o the Company at its principal executive offices located at 1650 Spruce Street, 5th Floor, Riverside, CA 92507 or by calling, toll free, 1-800-304-69941-800-304-6994 FREE. Ellenoff Grossman & Schole LLP, New York, New York, is acting as counsel to the Company. TriPoint Global Equities LLC is being represented by Hunter Taubman Fischer LLP, New York, New York.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the Company's securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company's securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.
About Innovation Economy Corporation
Innovation Economy Corporation ("ieCrowd™") is an emerging growth company seeking to bring the world together to unlock the potential of untapped innovations. ieCrowd aligns itself with universities and research institutions to secure the rights to develop life, health and wellness innovations into what it believes may be transformative future products, platforms, services and technologies. ieCrowd was founded in 2010 and is building a global ecosystem, based on a Collaborative Economy model, that includes investors, institutions, government agencies, universities, non-profits, companies and individuals – all committed to supporting ieCrowd's vision and mission. For more information about ieCrowd visit www.iecrowd.com. Follow us @ieCrowd https://linkedin.com/company/iecrowd and https://www.facebook.com/ieCrowd.
TriPoint Global Equities/BANQ Sponsors Equities.com Small-Cap Stars Spring Conference June 10, 2015
TriPoint Global Equities/BANQ is sponsoring the Equities.com's Small-Cap Stars Conference, taking place at the at Convene in Times Square New York on June 10th, 2015. This event will bring together a collection of 30 of the most exciting pre-IPO & small-cap public companies in the world with the top investors and industry leaders of the capital markets.
TriPoint Global Equities/BANQ Sponsors SeeThruEquity 4th Annual Microcap Conference May 28, 2015
TriPoint Global Equities/BANQ is sponsoring the SeeThruEquity 4th Annual Microcap Investor Conference on May 28, 2015 at Convene Times Square where they are expecting to draw hundreds of microcap focused investors, sponsors and industry professionals and showcase the best microcap presenting companies. SeeThruEquity is focused on providing issuers with access to institutional and sophisticated investors by hosting investor conferences and forums throughout the year in order to provide corporate issuers the opportunity to present their company to investors seeking compelling value/growth ideas
TriPoint Global Equities/BANQ Sponsors Marcum 2015 MicroCap Conference May 27-28, 2015
TriPoint Global Equities/BANQ is sponsoring the Marcum MicroCap Conference on May 27-28, 2015 at the Grand Hyatt New York. The Marcum MicroCap Conference is dedicated to introducing investors to superior, undiscovered companies with under $500 million in market capitalization. Since its inception in 2012, this unparalleled conference has grown to become a cornerstone event for the microcap market, featuring presentations by CEOs and CFOs from the most promising high-growth companies, the top picks by some of the most astute analysts following small caps, and thoughtful commentary on successful investment strategies and sectors.
TriPoint Global Equities/BANQ Sponsors SeeThruEquity Winter Microcap Investor Conference February 5, 2015
TriPoint Global Equities/BANQ is sponsoring the SeeThruEquity 2015 Winter Microcap Investor Conference on February 5, 2015 at Convene Times Square where they are expecting to draw hundreds of microcap focused investors, sponsors and industry professionals and showcase the best microcap presenting companies. SeeThruEquity is focused on providing issuers with access to institutional and sophisticated investors by hosting investor conferences and forums throughout the year in order to provide corporate issuers the opportunity to present their company to investors seeking compelling value/growth ideas.
TriPoint Global Equities/BANQ Sponsors Equities.com Small-Cap Stars Conference December 18, 2014
TriPoint Global Equities/BANQ is sponsoring the Equities.com's inaugural Small-Cap Stars Conference, taking place at the NASDAQ MarketSite in Times Square on Dec. 18, 2014. The conference will highlight some of the best companies on the Small-Cap Stars list. This is an exciting opportunity for emerging growth and under-covered small cap companies to meet with carefully selected audience of institutional investors, investment banks, hedge funds and Wall Street research analysts. Unlike most investment conferences, this event emphasizes on providing an intimate platform for facilitating meaningful and potentially breakthrough introductions between a highly selective group of presenting companies and attendees.
Highlighting Opportunities in the Small-Cap Market
- 20 hand-selected company presentations of emerging growth and undervalued small-caps
- Exceptional networking opportunities throughout the course of the event
- Invited guests are top investment bankers, institutional investors and industry sponsors
TriPoint Global Equities/BANQ Sponsors LD Micro Growth Investor Conference December 2, 2014
TriPoint Global Equities/BANQ will sponsor of the LD MICRO 7th Annual Growth Conference. The conference will be held on December 2nd – 4th at the Luxe Sunset Bel Air hotel in Los Angeles. The event is expected to bring together more than 222 micro-cap companies from various growth industries presenting to several hundred institutional investors. For more information please visit the LD Micro Conference website: http://www.ldmicro.com
TriPoint Global Equities/BANQ to Exhibit at $Financial Fest 2014 November 15, 2014
Financial Fest is a Showcase of Investment Products, Services, Exhibits and Seminars. This event is an opportunity to bring everyone from beginners to established investors together with the Nation's premiere companies and investment opportunities. We carefully screen qualified exhibitors who provide the most current and accurate information for today's investor, and provide an invaluable service to our attendees! The event is being held at the Westin Kierland Resort & Spa on Saturday November 15, 2014 from 8 am-4 pm in Phoenix. For more information visit www.financialfest.com
Mark Elenowitz, TriPoint CEO to be Panelist at The FireRock Conference October 28, 2014
FireRock is excited to host its annual micro-cap Conference. This invitation only event attracts hundreds of high-net worth investors and financial leaders. The Conference will be a unique gathering featuring the ‘who’s who’ of the micro-cap investment world. In addition, this full day conference will have panels comprised of top deal makers as well as the leadership of FireRock’s portfolio companies. Conference attendance is vital for individuals and companies seeking to increase their exposure in the financial arena. Mark Elenowitz will be a Panelist on the JOBS Act Panel along with (Korstiaan Zandvliet of Symbid.com, David Rose of Gust,and Joseph Barisonzi of Community Leader)