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Houlihan Capital

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Analysis and Perspectives on Valuation, Transaction Advisory, and Financial Topics

Transaction Announcement – Label Vision Systems

Houlihan Capital is pleased to announce the sale of Label Vision Systems, Inc. to Microscan Systems, an operating company in Spectris plc’s (LSE:sxs) Industrial Controls

Time May Be Slipping Away to Discount Valuations

Time May Be Slipping Away to Discount Valuations Proposed regulations to limit tax planning strategies in connection with valuation discounts could be implemented later this

Funds, Directors & Fiduciaries – YES, Valuation Matters!

Funds, Directors & Fiduciaries – YES, Valuation Matters! The Securities and Exchange Commission recently settled charges against AlphaBridge Capital Management, which was alleged to have

EXCHANGE-TRADED FUNDS – Illiquid Security Valuation

EXCHANGE-TRADED FUNDS – Illiquid Security Valuation Exchange-Traded Funds (ETFs) are investment funds that combine the features of a mutual fund and a closed-end fund. ETFs

Surprise – Director Comp Must Be Fair

Surprise – Director Comp Must Be Fair Stockholder approval of an incentive plan is not a foolproof defense against an “entire fairness review” of self-compensation

ASC 350 Intangibles – Goodwill and Other: Goodwill Impairment for Financial Reporting and Step Zero Test

Overview Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 350 provides guidance on financial accounting and reporting related to goodwill and other intangibles

Houlihan Capital’s whitepaper on ESOPs

Houlihan Capital’s whitepaper on ESOPs What is an ESOP? An Employee Stock Ownership Plan (“ESOP”) is a defined contribution retirement plan, authorized by the Employee

Going Private vs. Going Dark

Public companies are required to comply with United States Securities and Exchange Commission (SEC) filings and regulations. On average, public companies can spend anywhere from

Fair Value Best Practices and Implementation

Fair Value Best Practices and Implementation Overview Given the difficulty of valuing illiquid assets and the potential for conflict of interest, hedge funds, private equity