TheCorporateCounsel.net

Check out the latest edition of the “Timely Takes” Podcast featuring Meredith’s conversation with Coleman Wombwell, who is a partner in the Public Companies group at K&L Gates and recently co-authored the memo “The State of Play for Reverse Stock Splits by Nasdaq- and NYSE-Listed Issuers.” In this 16-minute podcast, Coleman covers the following topics:

– Nasdaq and NYSE’s minimum bid price requirements
– The basics of reverse stock splits
– The problem the stock exchanges were looking to solve with recent amendments
– Nasdaq’s numerous rule changes since 2020 related to compliance periods, notice requirements and accelerated delisting for companies with repeated stock splits or a bid price at or below $0.10
– The rules applicable to NYSE companies and NYSE’s recent amendment
– The potential impact of the rule changes and takeaways for listed companies

If you have insights on a securities law, capital markets or corporate governance issue, trend or development that you’d like to share, just send an email to John at john@thecorporatecounsel.net or Meredith at mervine@ccrcorp.com.

– Dave Lynn