INSIGHTS
What Every Small-Cap CEO Needs to Know about Shareholder Activism (Part 2 of 4: Who Are They… A Deeper Dive)
by Beatriz Infante Part 1 of this primer covers why small-cap companies can frequently be magnets for activist challenges. Part 2 discusses the different kinds of activist...

What Every Small-Cap CEO Needs to Know about Shareholder Activism (Part 1 of 4: Who Are They, and Why Are They Here?)
by Beatriz Infante Part 1 of this primer covers why small-cap companies can frequently be magnets for activist challenges. Part 2 discusses the different kinds of activist...

Three Characteristics of Companies That Successfully Uplist
In any given year, dozens of publicly traded companies move to Nasdaq and NYSE from other trading venues in the United States; i.e., they “uplist.” Uplisting can be a...
Off the Record: Investors and Execs on Earning Call Scripts
By Small-Cap Institute This is part of a new series where SCI will be speaking with experienced, small-cap investors and executives “off the record” about a variety of...

Bridging the Chasm: What Small-Cap Investors Want Board Members to Know
By Adam J. Epstein, Guest Edited by Andrew E. Shapiro One of the reasons why the overwhelming majority of shareholder activism campaigns are in small-cap companies is...

Quarterly Earnings Press Releases: What Investors Actually Think When You…..
As is evidenced by the numerous different formats for earnings press releases, there is no “correct” way to communicate quarterly financial results. But experienced...

Comprehensive Overview of Small-Cap Financing Structures
By Adam J. Epstein[1]For both new and experienced small-cap officers and directors, the menu of potential financing structures can be somewhat intimidating. The purpose of...

Why Investors Care So Much About Who Is On Your Board
“… [E]xecutives who view boards as a nuisance only undermine themselves and the company’s prospects for long-term growth.” Larry Fink, CEO, BlackRock (January 2018) “… [T]he...

Small-Cap CEOs: Think Twice Before Adding a Large-Cap Executive to Your Board
By Adam J. EpsteinSmall-caps often contain directors who are new to the small-cap world, having spent their careers operating, governing, or advising large-cap...

A Step By Step Approach to Avoiding Common Mistakes When Board Members Engage with Shareholders
A special thanks to iconic boardroom lawyer, Bob Lamm, for his invaluable advice and contributions to this piece.There was a time in the not too distant past when board...

Webinar: Small-Caps & Media: Dos and Don’ts From a WSJ/Bloomberg Veteran
CEOs ask us regularly for advice about how to exceed investor expectations when interacting with the media. Paul Barrett worked as a journalist for more than 30 years,...

“About Us” Videos Are a Necessity, but Less is More
By Small-Cap Institute.There is no doubting that we live in a video world. More than 1 billion hours of videos are consumed each and every day on YouTube. Despite this,...

The Credibility-Destroying Earnings Q&A Reply
By Small-Cap Institute.Investor: “I saw the cash balance at quarter end. Do you need to raise more capital?” CEO: “We have no plans to raise capital at this time.” [12 days...

Issuer-Paid Equity Research Coverage: Should You or Shouldn’t You?
By Small-Cap Institute.One of the most impactful changes in the equity capital markets over the last few decades is the well-chronicled decrease in sell-side “research...

3 Critical Small-Cap Challenges Awaiting New Board Members That No One Talks About
By Small-Cap Institute.After having undertaken thorough diligence with respect to a prospective small-cap board opportunity, a common question for first-time board members...

When Your Company Has Bad Financial News… Don’t Do Any of These Things
By Small-Cap Institute Business performance is not linear and is often challenging to forecast. Every public company is going to have bad news periodically. It is a...

SPACs Have Revitalized a Misunderstood Small-Cap Financing Mechanism: PIPEs
By Small-Cap Institute According to research about the SPAC market by global law firm Freshfields, 69 percent of the consummated SPACS in 2020 were supported by PIPE...

A Differentiated, Practical Methodology for Analyzing Public Company Board Seat Opportunities (public)
By Small-Cap Institute[This is a truncated version of a more thorough piece for SCI members. If you are an officer/director of a public company, you can join here to view...

Table of Contents
An overview of Small-Cap Institute’s content library.

SCI Exclusives: Unique Small-Cap Boardroom Challenges with Fund Manager Joseph Manko
This is the third in a new series of live interviews (SCI Exclusives) undertaken by Small-Cap Institute’s (SCI) editorial advisory board member, Amanda Gerut, where SCI will...
SUBSCRIBER CONTENT
What Every Small-Cap CEO Needs to Know about Shareholder Activism (Part 2 of 4: Who Are They… A Deeper Dive)
by Beatriz Infante Part 1 of this primer covers why small-cap companies can frequently be magnets for activist challenges. Part 2 discusses the different kinds of activist investors in greater detail, and what motivates them. Part 3 discusses concrete steps CEOs and...
PR: A Misunderstood and Overlooked Micro-Cap “X” Factor
By Small-Cap Institute.Micro-cap companies – those with market caps between $50 million and $300 million – often share a common trait that separates them from more highly valued public companies: they are often predominantly owned and traded by nonprofessional...

Off the Record: Investors and Execs on Being Smarter About Lawyers and Fees
by Small-Cap InstituteThis is part of a continuing series where SCI speaks with experienced, small-cap investors and executives “off the record” about a variety of capital markets, corporate finance, and boardroom issues. There is one fact pattern that is almost...
Investors Talk About Company PowerPoint Presentations
By Small-Cap Institute.PowerPoint presentations are equally confounding to both issuers and investors. Small-cap companies are run by smart executives, who are experts in their businesses, and they take great care to explain their companies to investors as clearly and...
Should Your Company Have a LinkedIn Company Page?
By Small-Cap Institute. We get asked this question a lot, and it has become increasingly clear that companies are often recipients of confusing and sometimes dubious advice in this regard. Though subject to a few caveats, the short answer – particularly for small-caps...

Setting Your Board Members Up to Succeed
By Small-Cap Institute.Great small-caps are not only disciplined when it comes to appointing new board members, but they take the extra step of setting directors up to succeed by thoughtfully preparing them. If you were to ask those companies why “onboarding” is so...

A Differentiated, Practical Methodology for Analyzing Public Company Board Seat Opportunities
By Small-Cap InstituteConspicuously lost in the dialogue about getting a coveted public company board seat is how to decide whether to accept one if it is offered. As we have discussed elsewhere within Small-Cap Institute public company board service – particularly...
Be Very Careful When Moving a Board Member into the C-Suite
By Susanne MelineA 2018 article in The Wall Street Journal highlighted the increased frequency with which large-cap companies have been replacing CEOs with existing board members[i]. Recent cases include David L. Calhoun (Boeing); John Donahoe (Nike); James Taiclet...
IR Website Compliance – Are You Prepared for an SEC IR Website Compliance Review?
Tom Runzo, Equisolve Jack Hogoboom, Lowenstein Sandler Any SEC inquiry can be a terrifying experience and IR website compliance is no exception. While your IR website may seem insignificant in the grand scheme of things when it comes to compliance, let’s face it: once...
Top 5 Ways CFOs Can Fine Tune Relationships with Outside Auditors
By Ravi KumarThere are few service provider relationships that are more critical than the relationship between a public company CFO and their audit partner. It has been said that the audit field has become highly commoditized. However, what may have normalized from an...