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Nasdaq Private Offerings

Locke Lord LLP

NYSE Follows NASDAQ in Temporarily Exempting Some Private Offerings From Shareholder Approval

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On May 14, 2020, the NYSE adopted temporary rules that will permit its listed companies to issue more than 20% of their presently outstanding common stock in a private placement at a discount without the shareholder approval...more

Locke Lord LLP

Nasdaq Temporarily Permits Certain COVID-Related Private Offerings Without Shareholder Approval

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On May 4, 2020, the Nasdaq Stock Exchange adopted a new temporary rule that permits listed companies to issue more than 20% of their presently outstanding common stock at a discount from current market prices without the...more

Locke Lord LLP

NASDAQ’s New 20% Rule for Private Offerings

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On September 26, 2018, the Securities and Exchange Commission approved amendments (the “Amendments”) to NASDAQ Rule 5635(d) (commonly referred to as the “20% Rule”). The purpose of the 20% Rule is to protect an issuer’s...more

Dechert LLP

NASDAQ Proposes Revisions to Shareholder Approval Rules

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Nasdaq, Inc. recently requested comments regarding possible updates to its “20% voting rule.” That rule, adopted in 1990, requires Nasdaq listed companies to obtain shareholder approval when issuing 20% or more of its stock...more

Adler Pollock & Sheehan P.C.

Glossary of Important Securities Regulation Terms and Definitions

This Glossary is designed to provide law students taking Securities Regulation with a tool that will assist them in learning the basic language of securities law and achieve a working knowledge of the fundamental principles...more

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