PIPE funds have been saddling issuers with millions of dollars in derivatives liabilities because of so-called "down round"provisions in structured deals, accountants say. The provisions require an issuer to reset the price of warrants and convertible securities if a secondary offering is priced lower.
Click here to read the entire article. PIPE funds have been saddling issuers with millions of dollars in derivatives liabilities because of so-called "down round"provisions in structured deals, accountants say. The provisions require an issuer to reset the price of warrants and convertible securities if a secondary offering is priced lower.
Click here to read the entire article.