Archive for February 23rd, 2009
Dozens of SPACs May Lose Exchange Listing
By David Feldman at 23 February, 2009, 8:14 am
DealFlow Media’s SPAC Wire today reported dire news for about 40 SPACs. They have received notices from the NYSE Afternext (formerly the American Stock Exchange) that if they do not hold their required annual shareholder meetings, in most cases with a plan submitted by March 10, 2009 and implemented by August, they may lose their [...]
Read More >>Tip of the Week: How to Get Trading in a Self-Filing
By David Feldman at 23 February, 2009, 5:11 am
As noted in my book, if you choose to file your own Form S-1 or Form 10 to take your private company public, when that registration is completed, the company is public. No IPO. No reverse merger with a shell. Financing has been obtained either before or right after the filing becomes effective. Under a year old interpretation, under many circumstances money can be raised while the registration is pending.
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