House Financial Services Committee Taking Action on Small Business

In addition to its recent approval of an overhaul of SEC’s Regulation A (which Pres. Obama recently announced he supported), the House Financial Services Committee, led by Chairman Spencer Bachus (R-AL) and Vice Chair David Schweikert (R-AR) held a hearing this week on additional bills that have been proposed to help smaller businesses raise capital. Bottom ...

RMR Says BATS Likely to Require Seasoning; What About BX?

The latest issue of The Reverse Merger Report includes an unfortunate comment in its article on the BATS exchange, a new national securities exchange that is soon going to be taking on new listings. Its listing requirements are similar to Nasdaq. We were hopeful that this might be a home for future reverse merged companies ...

SEC Provides Guidance on “Super” Forms 8-K

Earlier this week, the SEC’s Division of Corporation Finance issued some guidance with the staff’s observations in its reviews of “super” Forms 8-K filed following reverse mergers. As we know, in 2005 the SEC adopted a rule requiring the filing within four business days after a merger with a reporting shell company. The filing must ...

Unwanted Perspective

Thanks to so many of you who passed along your condolences on the passing of my amazing mother-in-law. I could make lots of “monster-in-law” jokes, but this incredible woman would have laughed along with it. No one was more devoted to her family and fought so valiantly during her illness. We will miss her very ...

My SEC-Submitted Comment to Nasdaq’s “Seasoning” Proposal

In addition to the comment I provided to the NYSE Amex’s proposal to require reverse merged companies to “season” by trading over-the-counter for a period before applying to uplist (with an exception for a large public offering), I also submitted the comment below with regard to Nasdaq’s similar proposal, which does not even have an ...