Featured Publications

Holland & Knight Expands National Intellectual Property Practice With Addition of Patent Attorney Group in Washington, D.C.

WASHINGTON, D.C. – A prestigious group of patent litigators and prosecutors recently joined the Holland & Knight's Washington, D.C. office, significantly strengthening the firm's national Intellectual Property Practice Group.

More

Nicholas Milano Appointed Executive Partner of Holland & Knight's Fort Lauderdale Office

FORT LAUDERDALE, Fla. – Holland & Knight Managing Partner Steven Sonberg has appointed Nicholas "Nick" Milano to serve as Executive Partner of the firm's Fort Lauderdale office. In this new role, Milano will be responsible for management of the office. He will focus his energy and talent on expansion of the office's core practice areas, which include real estate, hospitality, litigation, private wealth services, tax and corporate/M&A.

More

Search Our Library

Search

  • Printer friendly
  • Email this page to a friend
  • Generate a PDF version of this page
Securities & Financial News to Note
Alert - April 7, 2008
 
In this Issue...
NASDAQ Revises Listing Proposal Regarding SPACs
 
 April 7, 2008
 

On March 14, 2008, the NASDAQ Stock Market LLC filed with the SEC a revised version of its proposed rule change regarding SPACs that it originally filed on February 21, 2008. Under the revised proposal, SPACs will not be required to use cash in completing a qualifying business combination as was originally proposed. The text of the proposed rule change now reads, “Within 36 months of the effectiveness of its IPO registration statement, the company must complete one or more business combinations having an aggregate fair market value of at least 80% of the value of the deposit account (excluding any deferred underwriters fees and taxes payable on the income earned on the deposit account) at the time of the agreement to enter into the initial combination.”

http://www.complinet.com/file_store/pdf/rulebooks/NASDAQ_SR-NASDAQ-2008-013_Initial_Filing_031408.pdf