Atlanta law firm Morris, Manning & Martin LLP is representing a Chinese auto parts manufacturer in a proposed public offering of up to $80 million in securities.
SORL Auto Parts Inc., a Nasdaq-listed brake system manufacturer, has filed a shelf registration statement with the Securities Exchange Commission for the offering, which could take the form of common stock, preferred stock, warrants and/or debt securities.
Shelf registration is a way for a company to begin complying with SEC’s registration requirements in advance of its public offering. With financial reporting and regulatory approval already in place, the company can decide to go to market based on its capital needs and market conditions.
Jeff Schulte, a senior partner in the firm’s corporate and securities practice, is representing SORL.
Morris, Manning opened representative offices in Beijing and Taipei, Taiwan, last year.