Streamline the private placement process for better control and auditability.

Private placements, because they are subject to Regulation D, require strict control and visibility into who has received the Private Placement Memorandum (PPM) and how documents supporting the transaction were made available. If a private placement is challenged, courts weigh heavily on how and when supporting documents were made available to investors. Having a clear and reportable audit trail is necessary for private placements for this reason. Many private placements managed through email, CDs or paper mailings, lack control and transparency into the process. This makes it more difficult to manage transactions as they unfold and often leads to deal delays. Having all supporting documents and communications centralized in a virtual data room provides secure access to information as it becomes available. With reports that detail the document audit trail and corresponding communications, the use of a virtual data room is quickly becoming a best practice in private placements.

Run a Professional Private Placement in a Controlled and Audited Environment
The Firmex Virtual Data Room provides a private-branded site for publicly traded corporations to run theirprivate placements in an organized, professional and audited manner. All parties involved in the private placement receive 24/7 simultaneous access to the Private Placement Memorandum and other supporting documents, with notifications as new information becomes available. Add searchable comments and tags to any folder or document to help investors find the information they are looking for. Detailed activity reports let the issuer know who is spending time with each document, to help gauge investor interest. Firmex complies with the highest security standards, including SOC2 and SAS 70 Type II, so you can be assured your confidential Offering Memorandum and supporting data remains secure. A virtual data room provides a highly secure and audited environment to run private placements with confidence.