As a result of the market uncertainty unleashed by the COVID-19 crisis, the Nasdaq Stock Market (“Nasdaq”) has seen an increased number of issuers become non-compliant with its continued listing requirements for maintaining a minimum bid price and the market value of publicly-held shares (hereinafter “Price Requirements”). On April 17, […]
Category: Newsletter
As predicted, the Senate has officially passed the latest Coronavirus relief package. The Paycheck Protection Program and Health Care Enhancement Act, colloquially referred to as “Phase 3.5” or “CARES Act II,” will contribute just under half a trillion dollars for critical economic and public health initiatives. The $484 billion legislation […]
Washington Update: April 21
04.21.2020
Late night negotiations between House Speaker Nancy Pelosi, Senate Democratic Leader Chuck Schumer, Treasury Secretary Steve Mnuchin, and White House Chief of Staff Mark Meadows on legislation replenishing the funds for the Paycheck Protection Program (PPP) have been productive. By nearly all accounts, a deal approaching nearly half a trillion […]
Washington Update: April 20
04.20.2020
While the pandemic continues to ravage parts of our country, the signature economic recovery program for small businesses, the Paycheck Protection Program (PPP), ran out of funds last week. Congress began this week with some optimism for a new deal. House Democrats awoke this morning to find a note from […]
In light of the unprecedented disruptions associated with COVID-19, the U.S. Securities and Exchange Commission (the “SEC”) has recently released a number of public statements providing advice and regulatory relief to public companies due to the impact of COVID-19. NYSE Waiver of Shareholder Approval Requirements In an measure to provide […]
Areas of Focus:
Corporate
