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Practice reminder: do the math
- 11-26-2018
- By Pilot Law LLP
Even lawyers that thoroughly enjoy the art of drafting legal documents sometimes make basic, preventable mistakes. These can take the form of misplaced or missing punctuation, failure to define a term, or failure to review boilerplate, among others. Many times these errors will not materialize into adverse consequences, as is…
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At-the-market offerings & the shelf prospectus
- 11-20-2018
- By Pilot Law LLP
We are occasionally asked whether public companies can conduct at-the-market offerings (ATMs) in Canada. The answer is yes. While they are more common in the U.S., ATMs are also used by public companies to raise capital in Canada. In a Canadian ATM, an issuer’s equity securities are sold in a…