Law Blog Tag: Nasdaq Amends Its Dilution Shareholder Approval Rule

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…