In another special purpose acquisition company (“SPAC”) related enforcement action, on December 21, 2021, the US Securities and Exchange Commission (“SEC”) issued an order instituting cease-and-desist proceedings (“Order”) against a Nasdaq-listed electric vehicle truck manufacturing company that went public through a combination with a SPAC (“Company”). The Company’s initial business combination was consummated in June
How to Exit the US Public Markets & Options for US-Listed Chinese Companies
Webinar | Hosted by the Practising Law Institute (PLI)
October 13, 2021, 1:00pm – 2:00pm EDT
Recently proposed legislation in the US along with rising tensions between the US and China present significant challenges for US-listed companies with substantial operations in China.
During this PLI-hosted event, Mayer Brown LLP partners, Jason T. Elder and Christina
SEC Approves Nasdaq Board Diversity Rule
On August 6, 2021, the US Securities and Exchange Commission approved Nasdaq’s board diversity rule. This Legal Update provides further detail and discusses practical considerations for Nasdaq companies.
SEC Approves Nasdaq Board Diversity Rule Change
The Securities and Exchange Commission approved the proposed rule change by Nasdaq which will require listed companies to disclose information about the diversity of a company’s board of directors. For a limited time, Nasdaq will offer certain listed companies access to a board recruitment service. The rule will require, to the extent permissible under applicable
SEC Chair Gives Testimony on IPO and SPAC Market
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
SEC Approves Nasdaq’s Direct Listing Rule
On May 19, 2021, the Securities and Exchange Commission (“SEC”) approved proposed rule changes submitted by The Nasdaq Stock Market LLC (“Nasdaq”) that allow companies to list in connection with a concurrent primary offering. The approved rule allows a company that has not previously had its equity securities registered under the Securities Exchange Act of
PLI’s Private Placements and Hybrid Securities Offerings 2021
PLI’s Private Placements and Hybrid Securities Offerings 2021
April 19 – 20, 2021 Webinar
Register here.
Mayer Brown invites you to the Practising Law Institute’s Private Placements and Hybrid Securities Offerings 2021 virtual conference.
Private Placements and Hybrid Securities Offerings 2021 will focus on the changes to the exempt offering rules, including the changes
Nasdaq Amends its Direct Listing Proposal
On February 22, 2021, Nasdaq amended the rule changes it initially proposed in September 2020 that would permit an issuer to conduct a concurrent primary offering of its securities and a direct listing on Nasdaq. In December 2020, the US Securities and Exchange Commission approved amendments to the New York Stock Exchange (“NYSE”) rules allowing
Direct Listings: A Challenge to Traditional IPOs?
March 2, 2021 Webinar
1:00 p.m. – 2:00 p.m. EST
Register here.
Direct listings are an alternative to the traditional IPO process and, lately, they have generated much attention. A U.S. or foreign-domiciled company may choose to register a class of its securities under the Securities Exchange Act of 1934 and list its stock
MB Microtalk: Nasdaq’s Rule Proposal for Board Diversity and Disclosure Requirements
In this microtalk video, we discuss Nasdaq’s proposal to adopt listing rules related to board diversity. The video explains the details of the proposal, as well as its objectives for enhanced diversity and inclusion going forward.
Visit our MB Microtalk page for more topics and talks.