March 16, 2022
NYSE Proposes Fee Schedule for Listed Rights
In January, I blogged about the NYSE’s new listing standard related to rights, which was adopted. Earlier this month, the NYSE filed a proposal with the SEC to adopt fees for listed rights.
The NYSE proposes to apply the same fee schedule to listed rights as it currently applies to warrants under Section 902.03 of the Listed Company Manual. In connection with the listing of a class of warrants, Section 902.03 provides for a fee of $0.004 per warrant. Section 902.03 provides that listed warrants are subject to annual fees at a rate of $0.0017 per warrant, subject to a minimum annual fee of $5,000 per series of warrants, with special provisions for SPACs and foreign issuers.
– Dave Lynn