This article previously appeared in IndustryScoop. November 2002
The U.S. federal securities laws limit the resale of securities purchased in private placements. Under the federal securities laws, the securities must either be registered before their resale (which is time consuming) or resold in a transaction that is exempt from registration. This general rule applies even after the issuer is a public company.
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© 2002 Schulte Roth & Zabel LLP
The content of this article does not constitute legal advice and should not be relied on in that way. Specific advice should be sought about your specific circumstances.