Due to the dramatic impact that the spread of COVID-19 continues to have on businesses, the SEC approved with immediate effect a rule change proposed by the Nasdaq Stock Market to provide listed companies with a temporary exception to its shareholder approval requirements for certain private placements and a related […]
As you know, we have been frequently communicating to you during this period of crisis to offer our support and advice on the numerous issues confronting all of us. Fortunately, we have had the necessary infrastructure in place since the beginning, which has allowed us to continue to provide uninterrupted, […]
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, […]
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
We understand the global pandemic is affecting lenders in myriad ways, including both in their own businesses as well as their borrowers. Over the past several weeks, we have received countless inquiries from clients regarding the impact COVID-19 has had on their outstanding loans and borrowers. As such, we thought […]
