The SEC is reportedly in discussions with Nasdaq and NYSE about ways to ease the burden of becoming—and remaining—a public company. Some of the topics reportedly being considered include:
- Making it more difficult for activist investors with minimal stock holdings to launch proxy contests and submit repetitive proxy proposals
- Less onerous disclosure requirements in preliminary proxy filings
- Reducing fees associated with initial and continued listings
- Making it easier for companies that went public through deals with Special Purpose Acquisition Companies to raise capital
- Making it easier to raise capital by selling additional shares through follow-on offerings
This article is part of a Fenwick "Securities Law Update" authored by David A. Bell, Ran Ben-Tzur, Amanda Rose, and Wendy Grasso.