PIPE Transactions Timeline and Responsibility Chart

Summary

This is a general timeline and responsibility chart in connection with private investment in public equity ("PIPE") transactions. In a PIPE transaction accredited investors acquire certain equity securities directly from a publicly-traded company on a private placement basis. For further guidance regarding PIPE transactions, see practice note: Private Investment in Public Equity (PIPE) Transactions. For information on private placements (also known as private offerings or exempt offerings), see the Private Placements Resource Kit.