Davis Polk partner Derek Dostal discussed with Law360 the New York Stock Exchange’s proposal to provide special-purpose acquisition companies with six additional months to complete mergers while remaining listed. This would allow market participants more time to close deals before the prospect of delisting.

When asked about the proposed rule, Derek noted that it appears the NYSE is “trying to give some flexibility to sync up to the practical reality of the Nasdaq process.”

“NYSE Seeks To Provide SPACs More Time To Close Mergers,” Law360 (April 10, 2024) (subscription required) 

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