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Jan 8, 2025 | 
mondaq.com | David A. Sakowitz |Michael Blankenship |Ben Smolij |Kamil Turkmani
The Electronic Data Gathering System Analysis, and Retrieval(EDGAR) system will be closed on Thursday, January 9, 2025 inobservance of a federal holiday honoring the thirty-ninth Presidentof the United States, James Earl Carter, Jr., pursuant to President Biden's December 30, 2024 executiveorder. Additionally, the New York Stock Exchange and Nasdaqwill suspend trading on January 9, 2025, as a mark of respect.
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Nov 19, 2024 | 
mondaq.com | Michael Blankenship |David A. Sakowitz |Drew Pierce |Jeremy Spankowski
On September 16, 2024, the Securities and Exchange Commission
(SEC) filed securities fraud charges (the Enforcement Action)
against the former chief executive officer (CEO), former chief
financial officer (CFO), and former audit committee chair (the AC
Chair) of Kubient Inc.
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Nov 6, 2024 | 
mondaq.com | Michael Blankenship |David A. Sakowitz |Emily Semon |Robert Allan Oakes
On September 27, 2024, the Securities and Exchange Commission
(SEC) adopted rule and form amendments intended to enhance
the security of its Electronic Data Gathering, Analysis, and
Retrieval (EDGAR) system and improve filers' access and account
management capabilities. These changes are being referred to as
EDGAR Next.
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Oct 22, 2024 | 
mondaq.com | David A. Sakowitz |Michael Blankenship |Ben Smolij |Kamil Turkmani
On October 7, 2024, the U.S. Securities and Exchange Commission
(SEC) approved a Nasdaq-proposed amendment to Nasdaq Rule
5810(c)(3) (the Amendment), which impacts Nasdaq's minimum bid
price requirement and reverse stock splits on the exchange.
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Oct 21, 2024 | 
mondaq.com | Michael Blankenship |Jacob Botros
A group of United States senators, including the Ranking Member
of the Senate Committee on Banking, Housing, and Urban Affairs (the
Senate Banking Committee), has introduced the Empowering Main Street in America Act of 2024.
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Aug 29, 2024 | 
mondaq.com | David A. Sakowitz |Michael Blankenship |Ben Smolij |Jacob Tabman
Effective July 1, 2024, a final rule (the Final Rule) adopted by the U.S. Securities and Exchange Commission (SEC or Commission) on January 24, 2024 (i) imposes new disclosure obligations in transactions involving special purpose acquisition companies (SPACs), including initial public offerings (IPOs) by SPACs and business combination transactions between SPACs and private company targets (de-SPAC transactions), and (ii) requires the tagging of additional items in SPAC IPO prospectuses and...
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May 31, 2024 | 
mondaq.com | Michael Blankenship |Matthew Regens
The oil and gas industry is cyclical. With each cycle, the
industry adapts and evolves to meet unexpected challenges and new
demands. In 2024, the oil and gas industry is dealing with higher
interest rates, armed conflicts in Europe and the Middle East,
rising material costs, a decrease in Tier 1 acreage, and new
policies and laws.
Market participants need to be nimble and respond quickly to
rapid changes.
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Apr 25, 2024 | 
mondaq.com | David A. Sakowitz |Michael Blankenship |Ben Smolij |Andrew Butler
Under its current rule, the New York Stock Exchange (NYSE)
commences delisting procedures against a listed special purpose
acquisition company (SPAC) if it fails to complete a business
combination within 36 months of its initial listing date,
regardless of whether it has entered into a definitive agreement
for a business combination.
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Mar 15, 2024 | 
mondaq.com | David A. Sakowitz |Michael Blankenship |J. Eric Johnson |Ryan B. Hunsaker
On February 20, 2024, the United States Supreme Court denied a
petition for writ of certiorari1 and declined to review
the 3-0 decision of the United States Court of Appeals for the
Second Circuit (the Second Circuit) in Kirschner v. JP Morgan
Chase Bank, N.A.,2 which held that certain
syndicated loan notes were not securities. By refraining from
hearing the case, the Supreme Court left the Second Circuit's
decision in place.
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Mar 15, 2024 | 
mondaq.com | J. Eric Johnson |David A. Sakowitz |Michael Blankenship |Jonathan D. Brightbill
On March 6, 2024, the US Securities and Exchange Commission (SEC
or Commission) announced the adoption of final rules requiring registrants – both
domestic companies and foreign private issuers (FPIs) – to
include climate-related information in their registration
statements and annual reports.
