Corp Fin just posted an updated list of its shutdown FAQs, reducing the number of FAQs from 22 to 17 – and making other tweaks as noted in this redlined version of the FAQs. Note that the now-deleted FAQs related to actions to be taken before a shutdown and thus are not applicable (and thus are not marked).
For those companies trying to do a deal, Corp Fin’s guidance is welcome as it permits a temporary expansive reading of Rule 430A…
Authored by
Broc Romanek