On February 25, 2022, the U.S. Securities and Exchange Commission issued a proposal—Short Position and Short Activity Reporting by Institutional Investment Managers (the Proposal)—that would require certain institutional...more
3/4/2022
/ Broker-Dealer ,
Consolidated Audit Trail ,
Disclosure Requirements ,
Investment Adviser ,
Proposed Amendments ,
Proposed Rules ,
Publicly-Traded Companies ,
Regulation SHO ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act of 1934 ,
Stocks
[Editor's Note (1/25/22): This article includes an update regarding the amended rule proposal Nasdaq filed with the SEC in January 2022.]
[Editor's Note (6/1/21): This article includes an update regarding a proposed rule...more
In our prior article on the latest and greatest in direct listings, we noted that we were expecting that Nasdaq would follow the NYSE’s lead to allow for capital raising concurrently with a direct listing. On May 19, 2021,...more
5/27/2021
/ Capital Markets ,
Capital Raising ,
Direct Listing ,
Initial Public Offering (IPO) ,
Listing Standards ,
Nasdaq ,
Proposed Rules ,
Publicly-Traded Companies ,
Rulemaking Process ,
Securities and Exchange Commission (SEC) ,
Securities Regulation
Our last in a series of articles on direct listings noted that we were expecting significant regulatory developments to give companies more flexibility to pursue alternatives to a traditional initial public offering. Those...more
9/1/2020
/ Capital Raising ,
Compliance ,
Coronavirus/COVID-19 ,
Direct Listing ,
Initial Public Offering (IPO) ,
Investors ,
Lock-Up Agreement ,
Nasdaq ,
Proposed Rules ,
Public Offerings ,
Securities and Exchange Commission (SEC) ,
Shareholders ,
Venture Capital
On February 19, 2019, the U.S. Securities and Exchange Commission (SEC) voted to propose Rule 163B under the Securities Act of 1933, as amended (Securities Act), that would expand the “testing-the-waters” accommodation —...more
2/26/2019
/ Accredited Investors ,
Emerging Growth Companies ,
Initial Public Offering (IPO) ,
Investment Companies ,
Proposed Rules ,
Public Comment ,
Qualified Institutional Buyers ,
Registration Statement ,
Regulation FD ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Testing-the-Waters Communications