The Public Company Accounting Oversight Board (PCAOB) recently released an interim analysis report on the initial impact of critical audit matter (CAM) requirements (Auditing Standard No. 3101). Generally, CAM requirements are meant to identify audit matters that required especially challenging, subjective, or complex auditor judgment and to describe how the auditor responded to
A Deep Dive Into Capital Raising Alternatives: IFLR’s New Book and Free Webinars
In the International Financial Law Review’s latest publication, A Deep Dive Into Capital Raising Alternatives, Mayer Brown provides context on the changes in market structure and market dynamics that led to the enactment of the JOBS Act. Specifically, the trend for many private companies to remain private longer, defer or dispense with traditional
Going Public in the US by Merging into a SPAC: Weighing the Pros & Cons
November 2, 2020 Webinar
9:00 a.m. to 10:00 a.m. EDT
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SPACs continue to grow in popularity and significance in the US. Despite COVID-19, US capital markets remain active for SPAC IPOs. Many emerging companies are receiving indications of interest from SPACs seeking acquisition candidates. Our session focuses on helping management teams and boards
Webinar: An IPO Alternative: Life Sciences Reverse Mergers
Thursday, October 22, 2020
1:00pm – 2:00pm EDT
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Many companies are seeking alternatives to the traditional IPO, and considering merging into a SPAC, or a reverse merger. For life sciences companies, reverse merger transactions have become a popular alternative approach to going public. Merging into a public life sciences company that has
Webinar: IFR US ECM Roundtable: SPACs Boom onto the Market in 2020 as an Alternative to Traditional IPOs
Webinar Event
October 13, 2020, 4:30pm EDT
Register here.
This year’s US ECM Roundtable will be held as a virtual two-part series, which will bring together senior market professionals to assess current themes in the industry and provide an outlook for the future.
The second session, SPACs Boom onto the Market in 2020 as
SEC Amends Requirements for Statistical Disclosures for Bank and Savings and Loan Registrants, Formerly Guide 3
On September 11, 2020, the U.S. SEC adopted amendments to the requirements for statistical disclosures that bank and savings and loan registrants provide to investors. The rules rescind Industry Guide 3, Statistical Disclosure by Bank Holding Companies (Guide 3); codify certain Guide 3 disclosures into a new Subpart 1400 of Regulation S-K; eliminate other Guide
SEC Amends Shareholder Proposal Rule
On September 23, 2020, the US Securities and Exchange Commission adopted amendments to Rule 14a-8 promulgated under the Securities Exchange Act of 1934. The amendments will generally be effective for shareholders’ meetings to be held on or after January 1, 2022. This Legal Update provides background and details on the amendments and notes practical considerations
SEC Amends Rule 14a-8
On September 23, 2020, the Securities and Exchange Commission adopted amendments to Exchange Act Rule 14a-8, the shareholder-proposal rule, which we summarize below.
Ownership threshold for submission. The amendments create a range of the amount of a company’s securities required to be held in order to submit a shareholder proposal, permitting shareholders to submit a
A Survey of Middle Market Life Sciences Companies
The National Center of the Middle Market (NCMM) conducted a survey from March 12-23, 2020 of 400 strategic decision makers from life sciences companies in the United States and Canada. The report noted middle market life sciences companies, which include companies with annual revenues between $10 million and $1 billion, have experienced robust growth. Between
COVID-19 Related Middle Market Trends
The National Center for the Middle Market recently published the results of a survey of 1,000 financial decision-makers in June 2020 relating to results from the fourth quarter of 2019 and a March 2020 survey of 260 middle market companies, which include companies with annual revenues between $10 million and $1 billion.
The survey found