News & Analysis as of

Exemptions Shareholder Approval

Proskauer Rose LLP

Nasdaq Facilitates Quick Capital Raises In Light of Pandemic

Proskauer Rose LLP on

On May 4, 2020, The Nasdaq Stock Market LLC (“Nasdaq”) adopted a temporary rule waiving until June 30, 2020 key shareholder approval requirements for certain private investments in public equity (“PIPE”) and similar...more

Stinson - Corporate & Securities Law Blog

NYSE Exempts Early Stage Companies From Having to Obtain Shareholder Approval Before Issuing Shares for Cash to Related Parties

The SEC has approved the NYSE proposal to exempt early stage companies from having to obtain shareholder approval before issuing shares for cash to related parties. Under the revised rules, Sections 312.03(b) and 312.04 of...more

Morrison & Foerster LLP - JOBS Act

Investor Advocate Recommends Rejection of NYSE Rule Change

Investor Advocate, Rick Fleming, announced last Friday the recommendation to reject the proposed NYSE rule change that would allow certain listed companies to sell additional shares to insiders and related parties without...more

Cooley LLP

Blog: SEC’s New “Investor Advocate” Takes A Stand On NYSE Proposed Rule Change

Cooley LLP on

Today, the new Investor Advocate, Rick Fleming, issued a statement regarding his “First Official Recommendation” to the SEC. What was that recommendation? He recommended that the SEC disapprove the NYSE’s proposed rule...more

Cooley LLP

Blog: How Often Does This Happen?

Cooley LLP on

As noted in yesterday’s thecorporatecounsel.net blog, the SEC has issued an Order instituting proceedings under Section 19(b)(2)(B) of the Exchange Act to determine whether to disapprove a proposal to amend Sections...more

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