On the heels of a similar rule change for Nasdaq, the SEC approved rule changes relaxing price range limitations for primary direct listings on the NYSE. The modified rule allows the open...
In a significant and welcome change from the SEC’s proposal, the agency will not mandate cooling-off periods for 10b5-1 plans used for corporate stock buybacks. For plan use by director...
The SEC approved rule changes relaxing price range limitations for primary direct listings on Nasdaq. Prior to this change, the rules required that the opening auction price be within the...
The SEC’s proposals include cooling-off periods for Rule 10b5-1 trading plans, public disclosure around Rule 10b5-1 trading plans, significant new disclosures for option grants and stoc...
On November 4, 2021, ISS proposed for comment potential U.S. voting policies. Of particular note are proposed policies where ISS will hold directors accountable at U.S. companies with mul...
Nasdaq’s new board diversity rules, approved by the SEC on August 6, will require listed companies to have diverse board members or explain why they do not. In addition, the rules will ...
This week, the staff of the SEC issued a statement expressing a view that, despite the widespread practice to the contrary, most warrants issued in connection with a SPAC transaction shou...
On December 22, the Securities and Exchange Commission approved for the second time the NYSE’s proposed rule change that would permit companies to raise capital in a direct listing by s...
