Law Blog Category: Uncategorized

Disclosures Related To Covid-19 – What Investors Want To Know

June 05, 2020 in Uncategorized

’ve written several times about the need for Covid-19 disclosures including public statements by Chair Clayton and William Hinman, the Director of the Division of Corporation Finance and the SEC Division of Corporation Finance Disclosure Guidance Topic No. 9 regarding the SEC’s current views on disclosures that companies should consider with respect to COVID-19.  For my summary blog on Read the full article…

SEC Proposed Rule Changes for Exempt Offerings – Part 3

May 29, 2020 in Uncategorized

On March 4, 2020, the SEC published proposed rule changes to harmonize, simplify and improve the exempt offering framework.  The SEC had originally issued a concept release and request for public comment on the subject in June 2019 (see HERE).  The proposed rule changes indicate that the SEC has been listening to capital markets participants and is supporting increased access Read the full article…

NASDAQ Provides Additional Relief To Shareholder Approval Requirements For Companies Affected By Covid-19

May 22, 2020 in Uncategorized

Nasdaq has provided additional relief to listed companies through temporary rule 5636T easing shareholder approval requirements for the issuance of shares in a capital raise.  The rule was effective May 4, 2020 and will continue through and including June 30, 2020.  The purpose of the rule change is to give listed companies affected by Covid-19 quicker access to much-needed Read the full article…

SEC Publishes FAQ On COVID-19 Effect On S-3 Registration Statements

May 15, 2020 in Uncategorized

The SEC has issued FAQ on Covid-19 issues, including the impact on S-3 shelf registration statements.  The SEC issued 4 questions and answers consisting of one question related to disclosure and three questions related to S-3 shelf registrations. SEC FAQ Disclosure Confirming prior guidance, the SEC FAQ sets forth the required disclosures in the Form Read the full article…

SEC Enacts Temporary Expedited Crowdfunding Rules

May 06, 2020 in Uncategorized

Following the April 2, 2020 virtual meeting of the SEC Small Business Capital Formation Advisory Committee in which the Committee urged the SEC to ease crowdfunding restrictions to allow established small businesses to quickly access potential investors (see HERE), the SEC has provided temporary, conditional expedited crowdfunding access to small businesses.  The temporary rules are intended to expedite the offering process for Read the full article…

SEC Proposed Rule Changes for Exempt Offerings – Part 2

May 01, 2020 in Uncategorized

On March 4, 2020, the SEC published proposed rule changes to harmonize, simplify and improve the exempt offering framework.  The SEC had originally issued a concept release and request for public comment on the subject in June 2019 (see HERE).  The proposed rule changes indicate that the SEC has been listening to capital markets participants Read the full article…

NYSE, Nasdaq And OTC Markets Offer Relief For Listed Companies Due To COVID-19

April 24, 2020 in Uncategorized

In addition to the SEC, the various trading markets, including the Nasdaq, NYSE and OTC Markets are providing relief to trading companies that are facing unprecedented challenges as a result of the worldwide COVID-19 crisis. NYSE The NYSE has taken a more formal approach to relief for listed companies.  On March 20, 2020 and again on April 6, 2020 Read the full article…

Disclosures Related To COVID-19

April 17, 2020 in Uncategorized

The SEC has been reiterating the need for robust disclosures related to the impact of COVID-19 on publicly reporting companies.  In the last few weeks I have written about some of the guidance issued by the SEC including Disclosure Guidance Topic No. 9.  Since that time the SEC has continued to issue guidance in the form of public statements.  Read the full article…

Small Business Advocate Urges Capital Raising Relief

April 10, 2020 in Uncategorized

On March 4, 2020, the SEC published proposed rule changes to harmonize, simplify and improve the exempt offering framework.  The proposed rule changes indicate that the SEC has been listening to capital markets participants and is supporting increased access to private offerings for both businesses and a larger class of investors.  Together with the proposed amendments to the accredited investor Read the full article…

Relief For Persons Affected By The Coronavirus

April 03, 2020 in Uncategorized

Last week I published a blog summarizing the relief granted by the SEC for public companies and capital markets participants impacted by the coronavirus (Covid-19) (see HERE).  Just as Covid-19 rapidly evolves, so have the regulators response.  The SEC has now expanded the relief and issued guidance on public company disclosures related to Covid-19. While Read the full article…

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