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SEC Expands Ability to “Test the Waters” to All Issuers

By Andrea M. Basham, Adam Fleisher, Nick Grabar, Jeffrey D. Karpf & David Lopez on October 1, 2019

Last week, the Securities and Exchange Commission adopted a rule under which any issuer can “test the waters” for a securities offering before or after filing a registration statement. This new rule extends an accommodation previously available only to emerging growth companies.

Please click here to read the full alert memorandum.

  • Posted in:
    Corporate & Commercial
  • Blog:
    Cleary M&A and Corporate Governance Watch
  • Organization:
    Cleary Gottlieb Steen & Hamilton LLP
  • Article: View Original Source

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