SEC Approves NASDAQ's Proposed Rule Allowing SPACs To Conduct Redemption Offer Instead of Stockholder Vote | Practical Law
https://content.next.westlaw.com/practical-law/document/Ib9a9f3121c9a11e38578f7ccc38dcbee/SEC-Approves-NASDAQ-s-Proposed-Rule-Allowing-SPACs-To-Conduct-Redemption-Offer-Instead-of-Stockholder-Vote?viewType=FullText&transitionType=Default&contextData=(sc.Default)
An update on the SEC's approval of NASDAQ's proposed rule allowing special purpose acquisition companies to conduct a redemption offer for their shares instead of obtaining a majority vote of stockholders before completing an acquisition.
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SEC Approves NASDAQ's Proposed Rule Allowing SPACs To Conduct Redemption Offer Instead of Stockholder Vote
Practical Law Legal Update 7-504-3604
(Approx. 2 pages)
SEC Approves NASDAQ's Proposed Rule Allowing SPACs To Conduct Redemption Offer Instead of Stockholder Vote
by PLC Corporate & Securities
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Published on 28 Dec 2010
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USA (National/Federal)
An update on the SEC's approval of NASDAQ's proposed rule allowing special purpose acquisition companies to conduct a redemption offer for their shares instead of obtaining a majority vote of stockholders before completing an acquisition.