LexisNexis® Legal Newsroom
SEC Approves Seasoning of Reverse Merger Companies

On November 8 th , the US Securities and Exchange Commission approved rule changes requested by the three major US stock exchanges, Nasdaq, the NYSE Amex and the New York Stock Exchange. In sum, companies completing reverse mergers with SEC-reporting shell companies will now have to "season"...

Can Seasoning Restrictions Be Adjusted?

I remain determined in my quest for the major stock exchanges to consider some alterations to the reverse merger "seasoning" requirements instituted in November 2011. As we know, these restrictions were added primarily in response to allegations of fraud in a number of Chinese companies...