David S. Bakst

Mar 29, 2024 | jdsupra.com | John Ablan |David S. Bakst |Edward S. Best

On January 24, 2024, the U.S. Securities and Exchange Commission (the “SEC”) adopted new rules and amendments to existing rules and forms (the “Final Rules”) addressing (i) the treatment under the securities laws of special purpose acquisition companies (“SPACs”) in connection with their initial public offerings (“IPOs”) and their subsequent business combination transactions (“de-SPAC transactions”) with target operating companies; (ii) business combinations with shell companies; and (iii)...

Dec 20, 2023 | jdsupra.com | David S. Bakst |Bradley Berman |David Freed

December 20, 2023 David Bakst, Bradley Berman, David Freed Mayer Brown Free Writings + Perspectives + Follow x Following x Following - Unfollow Contact To embed, copy and paste the code into your website or blog: Here’s the deal: Regulation FD is an issuer disclosure rule that prohibits a US public company and certain persons acting on its behalf from selectively disclosing material nonpublic information about itself or its securities to certain persons outside the company unless it also...

Dec 20, 2023 | lexblog.com | Bradley Berman |David Freed |David S. Bakst

Your issuer client is contemplating a non-deal road show and thinking about the information it can share with a select group of investors. You know that this raises a number of issues and want a refresher. Time to read our What’s the Deal? publication, Regulation FD!  Regulation FD requires timely public disclosure of material information so that all investors are equally informed, and the prescribed approved methods for that disclosure.

Dec 20, 2023 | lexology.com | Bradley Berman |David Freed |David S. Bakst

WHAT'S THE DEAL? Regulation Fair DisclosureHere's the deal: Regulation FD is an issuer disclosure rule that prohibits a US public company and certain persons acting on its behalf from selectively disclosing material nonpublic information about itself or its securities to certain persons outside the company unless it also discloses the information to the public. Timing of the required public disclosure depends on whether the selective disclosure was intentional.

Aug 31, 2023 | lexology.com | Edward S. Best |Matthew Bisanz |Jennifer Carlson |Andrew Olmem |Anna Pinedo |David A. Schuette | +6 more

On August 29, 2023, US federal banking regulators issued a proposal for long-term debt (“LTD”) requirements for certain midsize and larger US banking organizations (the “LTD Proposal”).1 The LTD Proposal is important because it would require many regional and larger banking organizations to issue significant amounts of LTD. While it would be phased-in over three years, regulators estimate that affected banking organizations would need to issue approximately $70 billion of new LTD over that time.