Training Guide

Registered and Unregistered Offerings


Training Guide

Registered and Unregistered Offerings

Securities Offerings
Remote or in person

What’s Covered

  • Advantages and disadvantages of public offerings and private placements
  • Difference between primary and secondary offerings
  • Exemptions from registration requirements for:
    • Private placements under Regulation D
    • Offerings of restricted or control securities under Rule 144
    • Other types of exempt offerings 

Before the Session

Prepare the Attendees

Send the attendees an invitation for the session. Include this link, which has the videos and exercise they’ll need to prepare.

Prepare Yourself

Watch the videos and read the exercise so you’re familiar with the Hotshot material.

During the Session

Part 1: Knowledge Check
Ask attendees these questions to ensure they understand the topic:
  • What are some of the key advantages and disadvantages of registered offerings and unregistered offerings?
  • What’s a secondary offering and how’s it different from a primary offering?
  • Why might a company take advantage of an exemption from the registration requirement?
  • Why do some startups choose private placements over other types of offerings?
  • What does the Regulation CF exemption allow companies to do?
Part 2: Group Exercise
Lead a group discussion based on the exercise. To encourage collaboration, divide the attendees into groups to discuss the exercise, then have a representative from each group summarize their views to the larger group. Call on people to share their thoughts and ask others to respond.
Tip for remote sessions: use your web conferencing system’s breakout room feature to divide people into groups.
Part 3: War Stories and Firm Specifics
Share your own experiences and guidance, including:
  • Anecdotes and war stories (e.g., about a near-disaster or a tough negotiation)
  • General practice tips (dos and don’ts)
  • Firm-specific guidance and practices

After the Session

To continue their learning, attendees can check out related courses in Hotshot’s Securities Offerings topic.

About Hotshot

Hotshot helps lawyers develop their legal, business, and technology skills through short videos, quizzes, and summaries, and we help law firms and law schools plan and deliver engaging training programs. Our customers include Am Law 200 firms, top law schools, and regional and international firms.

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