BV537 "PIPEline" to Funding: Challenges in Valuing PIPE Transactions

Includes a Live Web Event on 06/28/2023 at 1:00 PM (EDT)

Class Date/Time

Wednesday, June 28, 2023
1:00pm-3:00pm Eastern Standard Time

Registration Includes

  • Access to virtual webinar via zoom will be accessible via education dashboard (login required)
  • Electronic webinar handout(s)*

*Any webinar handouts will be made available to registrants the morning of the live event and made accessible via your education dashboard (login required). Once handouts have been posted for download, the class is no longer refundable. 

Continuing Education (CE) Credit

This webinar will award 2.4 CE/CPE hour(s) for the live event. 

If you are a designated member of ASA, CE credit will automatically be entered into your record after you participate in the live webinar. Certificate of completion access is immediate once all required components are completed in the Course Wrap-Up Tab.  

NASBA and Continuing Professional Education (CPE) Credit

ASA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website

CPE Credit: Up to (2.4) CPE credits in Specialized Knowledge
Program Level: Intermediate
Delivery Method: Only group-live courses are approved for CPE
Prerequisites: None
Advanced Preparation: None
Policies: ASA's Refund and Cancellation Policy and ASA's Complaint Resolution Policy 

Webinar Description

The strong SPAC and IPO market in 2020-2021 enabled many companies to go public at relatively early stages of development. In the current period, many of these companies have turned to Private Investment in Public Equity (PIPE) financings to raise the capital they need to fund operations. In this interactive session, Amanda Miller will address some of the challenges in valuing these transactions for financial reporting purposes. The session will also include a case study. Please come prepared with your questions!

Instructional Methods

Methods include lecture, visual PPT presentation and polling questions.  

Course Audience

Valuation specialists who may assist companies with valuations for PIPE transactions

Learning Level 


Upon completion of this course, students will be able to:

  • Identify characteristics of PIPE transactions, including advantages and disadvantages;
  • Identify types of PIPE transaction structures, typical features, and accounting implications; 
  • Identify challenges in valuing these transactions for financial reporting purposes; and 
  • Recognize the valuation techniques used to value PIPE securities as illustrated through a case study.


All course materials included with you registration are PDF Download Only items made available to students prior to the start of the class and are not for resale or distribution. All downloadable materials are accessible via your education dashboard (login required). Once eMaterials have been posted for download, the class is no longer refundable.

Accessing eMaterials

eMaterials are provided electronically in PDF format and posted to the class the morning of the live event and listed within the education dashboard for all registrants to securely access prior to the start of the webinar. When opting to print downloadable materials, it is recommended that settings be adjusted to print in black and white (or grayscale) and consider printing double-sided on recycled paper.

Certificate of Completion

A certificate of completion will be available to view and/or download immediately via your education dashboard once all required components are completed. 

Amanda Miller, Ph.D.

Managing Director

Ernst & Young

Amanda Miller, PhD is a Managing Director at Ernst & Young, LLP with over 15 years in the industry. She also serves as co-chair of the AICPA "Cheap Stock" task force (revising the guide in 2020) and was co-chair of the AICPA PE/VC task force for the guide that was published in 2019. Her projects focus on assisting clients in understanding fair value issues, and on valuing complex securities such as options, warrants, preferred & common stock, performance awards, convertible notes, debt and related embedded derivatives, loan portfolios and contingent considerations.


Live Virtual Event
Zoom Webinar Access
06/28/2023 at 1:00 PM (EDT)  |  120 minutes
06/28/2023 at 1:00 PM (EDT)  |  120 minutes Join link will be active 10 minutes before the scheduled live webinar. Once you click on the join link, you will be re-directed to the zoom event waiting room and the host will allow you to join shortly. If you experience technical issues joining via the link, we highly recommend to dial-in via a telephone until you are able to troubleshoot your access issue that may be related to personal settings, pop-up blockers, firewall etc. In addition, refreshing, or logging off and re-joining typically resolves access issues. Please email if you've exhausted all recommended troubleshooting tips. Thank you.
Course Wrap-up
BV537 Webinar Evaluation
15 Questions
15 Questions We appreciate you taking the time to complete this course evaluation. Your feedback is vital to ASA to provide quality education and courses. Thank you in advance for your valuable feedback as it will continue to help ASA shape future educational initiatives. Sincerely, The ASA Education Team
BV537 Webinar Certificate
2.40 CPE credits  |  Certificate available
2.40 CPE credits  |  Certificate available