The 2022 update to the Sixth Edition of Corporate Finance and the Securities Laws was recently published by Wolters Kluwer.

The update includes discussions of the recent regulatory approach to digital currencies, the accounting and disclosure consequences of the Russian invasion of the Ukraine and subsequent sanctions, the unexpected SEC staff position regarding Rule 15c2-11

On December 15, 2022, the New York Stock Exchange (“NYSE”) received approval from the Securities and Exchange Commission (“SEC”) to modify certain pricing limitations for companies undertaking a direct listing involving sales of company shares in the opening auction on the first day of trading on the NYSE.  The approval and related conditions are consistent

On December 2, 2022, Nasdaq received approval from the Securities and Exchange Commission (“SEC”) to modify certain pricing limitations for companies undertaking a direct listing involving sales of the company shares in the opening auction on the first day of trading on Nasdaq. 

Prior to the rule change, in order for a company to sell

What’s new in the 2021 update of Corporate Finance and the Securities LawsQuite a lot. 

Highlights in the update include discussions addressing: digital currencies, electronic document delivery, “green bonds” and sustainability-linked bonds, developments in the convert market, which was particularly active in 2020 and 2021, and developments in the insurance-linked market. The update

The SEC’s Office of the Advocate for Small Business Capital Formation (“OASB”) recently issued its 2021 Annual Report (the “Report”), which reviews the capital raising activities of a variety of companies, from startups and emerging businesses to smaller public companies. The OASB, together with the SEC’s Division of Economic and Risk Analysis, provided updated data

The NYSE’s yearly statistics release highlights a second consecutive year of record new listings and the exchange’s increased focus on sustainability.  This year’s listings added $1 trillion of new market capitalization to the exchange, with a total of 2,400 companies listed.  Technology, biotech, and consumer products companies were prominently represented.  Four of the five largest

thumbnailSpenser Skates, Co-Founder and CEO of Amplitude Analytics, will share his company’s direct listing experience with us during our webinar, Direct Listings: Experiment or New Paradigm?, on November 3, 1:00pm ET. Amplitude completed its direct listing in September 2021.

Register here.

About the Webinar

Due to market structure and regulatory changes, the

November 3, 2021 Webinar
1:00pm – 2:00pm EST
Register here.

Due to market structure and regulatory changes, traditional capital-raising path for entrepreneurial companies has evolved. For companies in certain sectors, the firm commitment IPO may no longer be the goal. Successful direct listings have led many to consider this approach as an alternative. But

The Securities and Exchange Commission recently announced the agenda for the upcoming meeting on September 27, 2021, of the SEC’s Small Business Capital Formation Advisory Committee.  The Committee will meet virtually, and the meeting will be a webcast on the SEC’s website.  The Committee will discuss pre-IPO investments and the role of cross-over investors in

Securities and Exchange Commission Chair Gary Gensler was back on the Hill, this time testifying before the Subcommittee on Financial Services and General Government, US House Appropriations Committee.  During his testimony, Chair Gensler commented on five key capital markets trends, which included a discussion on IPO, SPAC and direct listing trends and policy implications.

In