ONE FINANCING STRATEGY AVAILABLE TO EARLY-STAGE and emerging-growth companies is the private placement offering, which generally refers an offering of securities by a small or growing company that doesn't need to be registered with the Securities and Exchange Commission (SEC). The private placement can offer you (as the "offeror" or "issuer") reduced transactional and ongoing costs because a private placement is exempt from many of the extensive registration and reporting requirements imposed by federal and state securities laws. Private placements usually also offer the ability to structure a more focused and dynamic transaction, because they attract a small number of ...