Episode 4 podcast thumbnail for Capital Conversations with Erik Nelson and Karen Rands. Features headshots of both hosts — a man in a gray suit on the left and a woman in a dark blazer with an orange scarf on the right — with the episode title 'A Conversation with Richard Kreger of Moody Capital' displayed in the center. A microphone icon and audio waveform graphic appear in the upper left corner.

Capital Conversations — Episode 4

Rights Offerings, Shareholder Strategy & Smarter Capital Raises with Richard Krieger

Hosts: Karen Rands & Erik Nelson

In this episode of Capital Conversations, Karen Rands and Erik Nelson are joined by Richard Krieger to break down one of the most overlooked strategies in capital raising—and why so many companies default to options that hurt them long term.

They dig into how rights offerings actually work, why they’re rarely used, and what happens when companies prioritize speed over strategy. The conversation cuts through a lot of the assumptions around dilution, pricing, and investor behavior, and shows how different the outcome can be when a company understands how to work with its existing shareholders instead of around them.

They also get into how capital is really raised in today’s environment—what’s changed, what hasn’t, and where companies still make avoidable mistakes. From ATM offerings to short seller dynamics to the role of structure and timing, this is a look at how decisions play out after the deal is done.

Most companies don’t think through the downstream impact of how they raise money. They focus on getting the capital—without understanding what that decision does to their cap table, their investors, and their ability to raise again.

That gap shows up later. In dilution, in pressure, in deals that don’t go the way they expected.

This episode gives you a clearer view of what’s actually happening when capital is raised—so you can think through the strategy, not just the transaction.

SHOWNOTES:

Episode Summary

In this episode of Capital Conversations, Karen Rands and Erik Nelson are joined by Richard Krieger, CEO of Moody Capital Solutions, for a deep dive into rights offerings and capital raising strategy.

They explore how companies can raise capital more effectively by prioritizing existing shareholders, why traditional financing methods often create unnecessary dilution, and how market structure impacts outcomes. The conversation also covers ATM offerings, short selling dynamics, Reg A+ opportunities, and the evolving role of technology in capital markets.

In This Episode, You’ll Learn

What rights offerings are and how they work
Why most companies don’t use them (and what they’re missing)
The difference between discount and dilution
How rights offerings impact existing shareholders
The risks of ATM (at-the-market) offerings
How short sellers react to different capital strategies
Why timing and structure matter in capital raises
How Reg A+ can be used as an alternative funding path
The role of transfer agents in execution
How technology is changing capital raising

Timestamps

00:24 — Welcome + introduction to Richard Krieger
01:50 — Podcast disclaimer
02:40 — Market recap and context
05:04 — Market behavior and technical levels
05:47 — Richard Krieger background
08:06 — Lessons from past market cycles
09:51 — Introduction to rights offerings
10:57 — Treating shareholders like customers
14:51 — How rights offerings reach investors
18:28 — Why companies overlook this strategy
20:30 — Common capital raising mistakes
21:48 — Discount vs dilution explained
23:21 — Case studies and real examples
24:44 — Investor participation dynamics
25:23 — Risks and timing considerations
26:02 — Role of investment banks
27:00 — Shift to digital capital raising
28:22 — Transparency and investor expectations
29:02 — ATM offerings explained
31:14 — Risks of ATM strategies
33:19 — Short selling considerations
35:39 — Short squeeze dynamics
36:21 — Digital securities discussion
39:37 — Blockchain and settlement
42:47 — Market infrastructure evolution
45:32 — Rights offerings for OTC companies
46:25 — Reg A+ opportunities
48:47 — Distribution and DTC considerations
50:08 — Future adoption trends
50:26 — What’s next for Moody Capital
51:52 — Public vs private capital
52:36 — Corporate venture activity
53:07 — Contact information
54:04 — Final takeaway
55:16 — Transfer agent considerations
56:15 — Cross-border strategies
57:24 — Mountain Share Transfer
58:23 — Events and conferences
58:35 — Closing remarks

Hosts

Karen Rands

Website: https://karenrands.co/
LinkedIn: https://www.linkedin.com/in/karenrands/
Facebook: https://www.facebook.com/TheKarenRands/
Instagram: https://www.instagram.com/compassionatecapitalist/
TikTok: https://www.tiktok.com/@compassionatecapi?_t=8q14kyaqCHO&_r=1

Erik Nelson

LinkedIn: https://www.linkedin.com/in/eriksnelson/
Coral Capital: https://coralcapital.com/
Sterling Investments: https://sterlinginvestments.com/
Mountain Share Transfer: https://mountainsharetransfer.com/

Capital Conversations Newsletter (LinkedIn):
https://www.linkedin.com/newsletters/capital-conversations-7297707966219120640/

[Podcast] A Conversation with Richard Kreger of Moody Capital Video