News

Championing Equity at LYB

September 16, 2024 11:45 PM AEST| By 3BL

At LyondellBasell (LYB), we champion people by putting them at the heart of everything we do and by embracing a diverse, equitable and inclusive culture. One of the ways we reinforce our dedication to...

Elevating Procurement’s Role in Risk Management and Sustainability

September 16, 2024 11:45 PM AEST| By 3BL

Feature by Gordon DonovanThe 2024 Economist Impact report highlights the strategic importance of procurement in managing risk and driving sustainability. As previously reported, procurement is gaining...

Audi factory closure plans spark protest by over 5,000 workers near European Parliament

September 16, 2024 11:44 PM AEST| By Invezz

Thousands of workers descended on Brussels on Monday, causing disruptions near the European Parliament as they set off firecrackers and blocked streets in a large-scale demonstration. The protest was organized to show solidarity with employees at an...

Principal Financial Group 2023 Sustainability Report: Supplier Diversity

September 16, 2024 11:30 PM AEST| By 3BL

Originally published in Principal Financial Group 2023 Sustainability ReportSupplier diversityWorking with diverse suppliers, vendors, and business partners helps improve our competitive edge in the g...

Key4Women Hosts Free Webinar – Emotional Intelligence in Diverse Business Environments

September 16, 2024 11:00 PM AEST| By 3BL

CLEVELAND, September 16, 2024 /3BL/ — KeyBank’s Key4Women will present “Emotional Intelligence in Diverse Business Environments”, a free, one-hour virtual event on Wednesday, September 25th at 12:00 p...

The Future of Cybersecurity: AI Does Play a Role

September 16, 2024 10:49 PM AEST| By 3BL

This blog was authored by Karissa A. Breen (more commonly known as KB), Head of Cybersecurity Journalism at KBI.Media.Karissa will present on Cisco Networking Academy’s Women Rock-IT webinar series in...

Cristina Gil White Appointed GRI Interim CEO

September 16, 2024 10:00 PM AEST| By 3BL

Cristina Gil White has been appointed interim CEO of the Global Reporting Initiative, stepping up from her role as Chief Operational Officer. With a diverse track record in sustainability leadership,...

How does Nasdaq determine compliance with the minimum round lot shareholder requirement for initial listing?

September 16, 2024 09:43 PM AEST| By Team Kalkine Media

Nasdaq’s Round Lot Holder Requirements: A Comprehensive Overview,Nasdaq’s listing requirements are designed to ensure that companies have a broad and active shareholder base, which contributes to the liquidity and stability of the securities market....

What percentage of a company's total round lot holders must hold unrestricted securities with a market value of at least $2,500?

September 16, 2024 09:42 PM AEST| By Team Kalkine Media

Nasdaq’s listing requirements include specific rules that companies must meet to qualify for and maintain a listing on its various market tiers. One such critical requirement is the stipulation regarding Round Lot Holders. Under Nasdaq’s guidelines,...

Are securities for which there is a registration statement effective and available for resale of the securities considered "Restricted Securities"?

September 16, 2024 09:41 PM AEST| By Team Kalkine Media

In financial markets, certain securities may continue to be classified as "Restricted Securities" even when an effective resale registration statement is in place. This status often depends on additional legal or procedural steps that must be fulfill...

How long are securities issued in a private placement prior to the company's IPO considered "Restricted Securities"?

September 16, 2024 09:40 PM AEST| By Team Kalkine Media

Securities issued through private placements are typically classified as "restricted securities" under U.S. federal securities laws. These shares are subject to a restrictive legend that limits their transferability until specific legal and procedura...

What does Nasdaq consider "Restricted Securities"?

September 16, 2024 09:38 PM AEST| By Team Kalkine Media

Nasdaq Rule 5005(a)(37) provides a detailed definition of "Restricted Securities," which refers to securities that are subject to resale restrictions for various reasons. These restrictions can come from different circumstances such as private placem...

Where are the necessary listing forms and instructions to list on Nasdaq?

September 16, 2024 09:36 PM AEST| By Team Kalkine Media

For companies seeking to list their securities on Nasdaq, the application process is a structured and detailed procedure. The Nasdaq Listing Center provides electronic access to listing applications and related forms, making it essential for prospect...

What does Nasdaq consider a "round lot holder"?

September 16, 2024 09:35 PM AEST| By Team Kalkine Media

Nasdaq’s rules governing securities and shareholders involve precise definitions, particularly regarding the classification of shareholdings. Two such important terms are defined in Nasdaq Rule 5005(a)(40) and Nasdaq Rule 5005(a)(39). These terms—"Ro...

An issuer has convertible notes or preferred stock that will automatically convert into shares at the IPO. Would those shares be considered "Restricted Securities"?

September 16, 2024 09:34 PM AEST| By Team Kalkine Media

When a company undergoes an initial public offering (IPO), securities that convert automatically from a convertible security are often scrutinized for their classification as either restricted or unrestricted. Under Nasdaq rules and U.S. federal secu...

Are securities issued through an employee stock benefit plan or as compensation for professional services considered "restricted securities?"

September 16, 2024 09:33 PM AEST| By Team Kalkine Media

Nasdaq’s Rule 5005(a)(37) provides the framework for determining when securities are considered “restricted securities,” including those issued through employee stock benefit plans or as compensation for professional services. One key aspect of this...

What steps should a Special Purpose Acquisition Company (SPAC) take when it determines to complete a business transaction?

September 16, 2024 09:32 PM AEST| By Team Kalkine Media

When a Special Purpose Acquisition Company (SPAC) plans to finalize a business combination, it must notify Nasdaq in accordance with Listing Rule IM-5101-2. This procedural step requires accessing Nasdaq’s Listing Center and submitting a form specifi...