Law Blog Category: NASDAQ Listing Requirements

NASDAQ And NYSE American Shareholder Approval Requirements– Change Of Control

Nasdaq and the NYSE American both have rules requiring listed companies to receive shareholder approval prior to issuing securities in an amount of 20% or more of their outstanding common stock or voting power or prior to completing transactions which will result in a change of control of the company.  Nasdaq Rule 5635 sets forth Read the full article…

The 20% Rule- Acquisitions

Nasdaq and the NYSE American both have “20% Rules” requiring listed companies to receive shareholder approval prior to issuing unregistered securities in an amount of 20% or more of their outstanding common stock or voting power. Nasdaq Rule 5635 sets forth the circumstances under which shareholder approval is required prior to an issuance of securities Read the full article…

NYSE American Compliance Guidance MEMO

February 26, 2019 in IPO, NASDAQ, NASDAQ Listing Requirements, NYSE

In January, NYSE Regulation sent out its yearly Compliance Guidance Memo to NYSE American listed companies. The annual letter updates companies on any rule changes from the year and reminds companies of items the NYSE deems important enough to warrant such a reminder. The only new item in this year’s letter relates to advance notice Read the full article…

Nasdaq Amends Its 20% Dilution Shareholder Approval Rule

Effective September 26, 2018, Nasdaq amended Rule 5635(d) to provide greater flexibility and certainty for companies to determine when a shareholder vote is necessary to approve a transaction that would result in the issuance of 20% or more of the outstanding common stock or 20% or more of outstanding voting power in a PIPE or Read the full article…

NASDAQ Issues Report Advocating for The U.S. Public Markets

October 24, 2017 in IPO, NASDAQ, NASDAQ Listing Requirements

Before SEC Commissioner Michael Piwowar’s May 16, 2017, speech at the SEC-NYU Dialogue on Securities Market Regulation regarding the U.S. IPO Market (see summary HERE), and SEC Chair Jay Clayton’s July 12, 2017, speech to the Economic Club of New York (see summary HERE), the topic of the U.S. IPO market had already gained significant Read the full article…

OTC Markets Petitions The SEC To Expand Regulation A To Include SEC Reporting Companies

NYSE MKT Listing Requirements

NASDAQ Listing Requirements

Going Public Transactions For Smaller Companies: Direct Public Offering And Reverse Merger