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SEC Approves “Seasoning” Requirements for Reverse Merger Companies

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On November 9, 2011, the U.S. Securities and Exchange Commission approved new rules of the senior U.S. stock exchanges that impose “seasoning” requirements for private operating companies that have become publicly reporting by effecting a reverse merger. Pryor Cashman Corporate Counsel Michael T. Campoli has written an informative Legal Update summarizing the new “seasoning” requirements. 

To read the update, entitled "SEC Approves “Seasoning” Requirements for Reverse Merger Companies," please click here.