On May 4, 2020, the Securities and Exchange Commission approved a rule filing from Nasdaq granting temporary relief from the shareholder approval requirements in respect of certain transactions.  Nasdaq has adopted Listing Rule 5336T, which provides for limited relief from Nasdaq Listing Rule 5635(d) (“transactions other than public offerings”) and under certain limited circumstances a

The Securities and Exchange Commission announced that the Small Business Capital Formation Advisory Committee will meet on May 8, 2020, by video, which will be webcast live.  The Committee will discuss the SEC’s capital formation proposal, which aims to simplify and harmonize the exempt offering framework.  In addition, the Committee will continue its discussion regarding

The Securities and Exchange Commission’s Investor Advisory Committee will hold a public meeting on May 4, 2020, which will be available to the public by webcast.  The Committee will discuss public company disclosure considerations in a COVID-19 pandemic context, and public company shareholder engagement/virtual shareholder meetings in a COVID-19 pandemic context.  See the announcement and

Intelligize Webinar
April 29, 2020
1:00 pm – 2:00 pm ET
Register here 

The use of non-GAAP financial measures by public companies continues to draw regulatory scrutiny and media attention. Companies often use these measures to supplement GAAP numbers and convey information they believe is relevant, meaningful and useful in understanding financial position, performance and

The Securities and Exchange Commission recently announced the formation of a COVID-19 Market Monitoring Group.  This temporary group with members from across a number of the SEC’s divisions will, among other things, assist with SEC and Staff actions and analysis related to the effects of COVID-19 on markets, issuers, and investors, and respond to informational

PLI Webinar
May 11, 2020
1:00 pm – 2:00 pm ET
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During this Briefing we will provide an overview of the market conditions facing business development companies (BDCs) as a result of the pandemic and associated market dislocations. As a result of these events, the Securities and Exchange Commission (SEC) has provided temporary

In order to mitigate potential filing delays due to the ongoing impacts of the COVID-19 pandemic, the Securities and Exchange Commission’s (“SEC”) Division of Investment Management has extended the EDGAR filing window from 5:30 p.m. (EDT) to 10:00 p.m. (EDT) on April 29, 2020 for registered investment company and business development company filings.  Registered funds

On April 21, 2020, the Securities and Exchange Commission (“SEC”) approved, with immediate effectiveness, the proposal filed by the New York Stock Exchange (the “NYSE”) to permit a longer period of time for NYSE-listed companies to regain compliance with the exchange’s continued listing standards by tolling the applicable compliance periods through June 30, 2020. The

Recognizing the logistical difficulties of submitting Forms 144 in paper in light of COVID-19 concerns, the SEC’s Division of Corporation Finance (CorpFin) announced last April 10 that it will not recommend enforcement actions for failure to submit Forms 144 in paper if they are emailed instead.  Filers can attach a complete Form 144 as a