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Category: IPO

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SEC Goes After “Fake It Till You Make It” Fraudsters

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In 2022, a jury convicted Theranos Inc. founder Elizabeth Holmes of perpetrating an audacious fraud against investors in her blood-testing company that turned the Stanford University dropout into a billionaire in her early 20s. Her story ha...

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5 Questions Raised by OpenAI’s For-Profit Shift

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Arguably one of the least nonprofit of nonprofit entities to ever exist, OpenAI’s transition to a for-profit company began in earnest with last week’s announcement that it has raised $6.6 billion in venture capital funding. OpenAI has opera...

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Mass Resignation of 23andMe Directors Caps Year Beset by Board Drama

DNA double helix

In the latest example of board-related drama in a year riddled with it, embattled genetic testing company 23andMe was dealt yet another blow last week when all seven of its independent directors resigned en masse over disagreements about th...

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Nasdaq, NYSE Propose Aligning Deadlines for SPAC Mergers, Delistings

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The quest for uniformity between the major U.S. stock exchanges when it comes to mergers of special purpose acquisition companies took an interesting turn this week. First, a primer on recent events for the uninitiated. SPACs are shell comp...

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Complex Issues Affecting U.S.-China Relations Pose Risks for Corporations

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From imported cotton to TikTok, a host of contentious issues continue to complicate relations between the United States and China. The disputes also present thorny risks for corporations seeking to expand their operations or simply avoid co...

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