XBRL is an offshoot of XML, which is a markup language.

Whether you're a startup in search of capital to expand, a biotech in need of cash to advance their drugs through clinical development, or a portfolio company with investors looking to exit, you have choices. To determine what's best for your business and figure out how to choose an exit strategy, read on.

Business Exit Strategy Types

There are three common exit strategies available for private companies: an initial public offering or IPO, a direct listing, and a reverse merger with SPAC, commonly known as de-SPAC.

We understand how challenging it can be to keep track of filing deadlines and prepare your teams to submit your 10-Qs, 10-Ks, and proxies on time for the Securities and Exchange Commission (SEC). Whether you need the EDGAR filing dates for a standard or non-calendar fiscal year end, or you want to plan around the peak periods and market holidays, we wanted to make the process a bit easier for you.

Watch NACD Atlanta Fireside Chat with SEC Chairman Jay Clayton.

When Covid-19 caused a dramatic decline in demand for airline seats, the value of corporate boards with a diversity of experience became clearer than ever. Directors in the airline and other industries immediately were called on to understand everything from capital resources to how to make unprecedented predictions about when a vaccine might become available and when consumer demand might pick up again.

Are You iXBRL Ready?

Make the Easy Transition to with DFIN

Effective June 2020, accelerated filers are required to file their financials in iXBRL format. The good news is that iXBRL actually simplifies filing and DFIN can help you make a seamless transition – even if your whole team is working from home

From Two Filings to One

Shaping Global Markets Podcast Episode 3, Part 2

As Regulatory Technology, or RegTech, continues to permeate throughout the financial and regulatory sector, there’s a race to find the next-generation use case for this powerful technology that is currently, primarily used to create standardization and a unified state for critical financial information and data.

Shaping Global Markets Podcast Episode 3, Part 1

The 2008 financial crisis was an economic downturn felt across the globe with millions losing their jobs, homes, and savings. In its wake, regulators introduced legislation to make the financial system more secure, requiring the reporting of more data and information and defining new taxonomies.

In response to the COVID-19 pandemic, the U.S. government is spending $2 trillion on federal support through the CARES Act. However, the current form of reporting on government spending is inconsistent, inaccessible and ultimately of limited use.

The promise of applying structured data, tagged in iXBRL, is the ability to leverage machine learning and AI to measure funding and its efficacy. So, when future crises arrive, whether financial, environmental or health-related, our decision on how to allocate resources can be data-driven and evidence-based.

A medical device company that provides reconstructive and regenerative orthopedic and spine solutions makes the shift to iXBRL with ActiveDisclosure and discovers ease and efficiency.

The company was already using ActiveDisclosure for financial reporting, so naturally, they turned to DFIN when it came to making the shift to iXBRL. With guidance from the industry’s largest team of iXBRL and SEC experts—and a technology platform already optimized for iXBRL— the move to iXBRL was simple.

Seamless transition

The FAST Act Modernization and Simplification of Regulation S-K has introduced a new requirement to tag the cover page data for all Forms 10-K, 10-Q, 20-F, 40-F and 8-K with inline XBRL. This mandate is in effect for all large accelerated filers for the fiscal period ending on or after June 15, 2019, with accelerated filers to follow on or after June 15, 2020 and all remaining U.S. GAAP and IFRS filers on or after June 15, 2021.

What is iXBRL?