When should a Listing of Additional Shares Notification Form be completed?
Except as provided below, all notifications are required to be filed with NASDAQ no later than fifteen calendar days prior to the following events: • issuing any common stock (or security convertible into common stock) in connection with the acquisition of the stock or assets of another company, if any officer or director or substantial shareholder of the company has a five percent or greater interest (or if such persons collectively have a 10% or greater interest), directly or indirectly, in the company to be acquired or in the consideration to be paid; • issuing or potentially issuing securities that will result in a change of control of the company; • establishing, or materially amending, a stock option plan, purchase plan or other equity compensation arrangement, pursuant to which stock may be acquired by officers, directors, employees, or consultants unless shareholder approval has been obtained. However, when a company makes an equity grant to induce an individual to accept emplo
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