NASDAQ Proposes Allowing SPACs To Conduct Redemption Offer Instead of Stockholder Vote | Practical Law

NASDAQ Proposes Allowing SPACs To Conduct Redemption Offer Instead of Stockholder Vote | Practical Law

An update on the NASDAQ's proposed rule to allow SPACs to conduct a redemption offer for their shares instead of obtaining a vote of a majority of its stockholders before completing an acquisition.

NASDAQ Proposes Allowing SPACs To Conduct Redemption Offer Instead of Stockholder Vote

by PLC Corporate & Securities
Published on 21 Oct 2010 • USA (National/Federal)
An update on the NASDAQ's proposed rule to allow SPACs to conduct a redemption offer for their shares instead of obtaining a vote of a majority of its stockholders before completing an acquisition.