The Nasdaq Stock Market has adopted a new rule, Rule 5635T, intended to provide limited, temporary relief from the requirement to obtain stockholder approval for certain capital-raising transactions during the COVID-19...more
What do Massachusetts public companies need to know now?
Q: WHY WAS AN EMERGENCY ORDER NECESSARY?
A: Section 7.08 of the Massachusetts Business Corporation Act, or MBCA, prohibits public companies incorporated in...more
The SEC has extended the conditional relief it granted earlier this month to allow reporting companies and others to delay certain filings required by the Securities Exchange Act of 1934. The relief originally covered filings...more
As efforts to contain the spread of COVID-19 gain steam, companies may consider whether to hold a virtual annual meeting rather than a traditional in-person meeting.
To that end, the SEC staff has offered public companies...more