SEC Approves Nasdaq Plan To Raise Reg A+ Standards
Law360 (July 1, 2019, 8:57 PM EDT) -- The U.S. Securities and Exchange Commission on Friday approved a Nasdaq proposal requiring companies that go public using so-called Reg A+ offerings to have at least two years' operating history, an attempt to raise listing standards following several setbacks involving such offerings.
The SEC said Nasdaq's plan to require two years' operating history may help assure that such companies are "more seasoned" and "ready for the rigors of being a public exchange-listed company." Nasdaq's new rule takes effect within 30 days.
"The Commission notes that, as Nasdaq stated in its proposal, the additional two-year operating history requirement can help to assure...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!