By David Feldman at 6 December, 2007, 8:35 pm
Today the SEC published the final Rule 144 release. I have not yet read it fully. It takes effect 60 days after publication in the Federal Register, which presumably will be soon. The big news: Worm/Wulff is officially lifted. They did change from their original proposal and now will allow former holders of shell shares [...]
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Introduction to Reverse Mergers
David N. Feldman is a Partner in Richardson & Patel LLP. His practice focuses on corporate and securities matters and general representation of public and private companies, investment banks, private equity firms and high net worth individuals.
David is considered one of the country's leading experts on reverse mergers, in which a private company becomes publicly traded through a merger with a publicly held "shell" company. His book on the subject, Reverse Mergers and Other Alternatives to Traditional IPOs, Second Edition (Bloomberg Press, 2009) was originally published in 2006.
