Developments in Securities Regulation, Corporate Governance, Capital Markets, M&A and Other Topics of Interest. MORE

Fantex, offering NFL player Vernon Davis tracking stock, has taken to Twitter to promote its offering.  The required legend to use a free writing prospectus, or FWP, would exceed the character limit imposed by Twitter.  However, depending on how you view Twitter, the legend is either accessed by clicking an “expand button” or a link to a picture of the legend.  Note also the link to the prospectus and that the prospectus includes an offering price.  See Rule 433.

ABOUT STINSON LEONARD STREET

Stinson Leonard Street LLP provides sophisticated transactional and litigation legal services to clients ranging from individuals and privately held enterprises to national and international public companies. As one of the 75 largest firms in the U.S., Stinson Leonard Street has more than 520 attorneys and offices in 14 cities, including Minneapolis, Mankato and St. Cloud, Minn.; Kansas City, St. Louis and Jefferson City, Mo.; Phoenix, Ariz.; Denver, Colo.; Washington, D.C.; Decatur, Ill.; Wichita and Overland Park, Kan.; Omaha, Neb.; and Bismarck, N.D.

The views expressed herein are the views of the blogger and not those of Stinson Leonard Street or any client.