Does NASDAQ require a company to file a Notification: Listing of Additional Shares in connection with an acquisition?
A company is required to file a Notification: Listing of Additional Shares (“LAS Notification”) at least 15 days prior to issuing any common stock (or securities convertible into common stock) in connection with acquisition of stock or assets of another company if any officer or director or substantial shareholder of the company has a 5% or greater interest (or if such persons collectively have a 10% or greater interest) in the company to be acquired or in the consideration to be paid. Additionally, a company is required to file a LAS Notification at least 15 calendar days prior to issuing any common stock (or securities convertible into common stock) in a transaction that may result in the potential issuance of common stock greater than 10% of either the total shares outstanding or the voting power outstanding on a pre-transaction basis.
Related Questions
- Does NASDAQ require notification when a company no longer complies with the corporate governance requirements as set forth in the Rule 5600 Series?
- Does NASDAQ require a company to file a Notification: Listing of Additional Shares in connection with an acquisition?
- Does NASDAQ require a company to file a Listing of Additional Shares Notification in connection with an acquisition?
