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.
Nasdaq Files Rule Proposal with SEC for Board Diversity and Disclosure Requirement
On December 1, 2020, the Nasdaq Stock Market LLC filed with the US Securities and Exchange Commission (SEC) a proposal for new listing rules related to board diversity and disclosure, which are intended to advance board diversity and enhance the transparency and comparability of diversity statistics. The new rules would require Nasdaq-listed companies:
- to have,
Nasdaq Confirms Expiration of COVID-19 Relief
As we previously blogged, on April 16, 2020, The Nasdaq Stock Market (“Nasdaq”) announced temporary relief from the bid price and market value of publicly-held shares listing requirements in response to the COVID-19 pandemic. In addition, on May 1, 2020, Nasdaq adopted Nasdaq Rule 5636T, which provided an exception from certain shareholder approval rules for
The Private Secondary Market and Liquidity for Stockholders
Kevin Gsell, Head of Legal Solutions & Partnerships at Nasdaq Private Markets, joined our annual session on late stage or pre-IPO private placements earlier this week. As discussed during our session, as companies choose to remain private longer, and defer liquidity events, early investors and employees require liquidity opportunities. In fact, in many cases, the
Proposed Nasdaq Rules May Raise Additional Difficulties for Companies in Emerging Markets
On June 8 and 12, 2020, the Securities and Exchange Commission had published in the Federal Register for comment several rule proposals from Nasdaq Stock Market LLC (“Nasdaq”) that would apply to companies whose principal businesses are in “a jurisdiction that Nasdaq determines to have secrecy laws, blocking statutes, national security laws or other laws
COVID-19: Temporary Nasdaq Relief from Shareholder Vote Requirements
PLI Webinar
May 20, 2020
3:00pm – 4:00pm EDT
Register here for the free webinar.
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)