Mergers & Acquisitions
Second Most Active U.S. Public M&A Environment on Record
The dollar value of newly announced Merger and Acquisition deals with U.S. publicly traded target companies surged to its highest first half level since the record was set in 2015. According to Deal Point Data’s research, $508 billion dollars of M&A deals were announced during the first six months of 2019. First half activity was only 1.7% below the all-time high and 85% above the 10-year average level. On a year-over-year basis, dollar volume increased 15.1% in June, 4.6% in Q2, and 10.2% for the half year. On a sequential basis, the first half of 2019 was up 94.4% compared to the second half of 2018. In a sign that the market was not overheating, the average unaffected control premium was a moderate 29.96% during the first half, 20.4% below the ten-year average. Goldman, Sachs topped the Deal Point Data investment banking league table for announced U.S. public target deals during the first half advising on $162.3 billion in deals. Wachtell Lipton advised on $142.4 billion in announced deals to earn the number one ranking among legal advisers.
Top 5 Largest U.S. Public M&A
Deals Announced during First Half 2019
| Target | Acquirer | Equity Value ($bil) |
|---|---|---|
| Celgene Corporation | Bristol-Myers Squibb Company | 71.6 |
| Raytheon Company | United Technologies | 52.0 |
| Anadarko Petroleum | Occidental Petroleum | 37.9 |
| Worldpay, Inc. | Fidelity National Information Services | 34.8 |
| SunTrust Banks | BB&T Corporation | 28.2 |
Market Leaders - U.S. Public Mergers
Wachtell, Lipton, Rosen & Katz was the top ranked legal adviser on U.S. public M&A deals announced during the first half of 2019. Wachtell advised on 14 public deals valued at $249.4 billion. Kirkland & Ellis ranked second in the high-profile public M&A advisory market while Skadden rounded out the top three.
| Rank | Firm | Equity Value ($bil) |
|---|---|---|
| 1 | Wachtell, Lipton, Rosen & Katz | 249.4 |
| 2 | Kirkland & Ellis | 100.8 |
| 3 | Skadden | 88.4 |
M&A Adviser Fee Watch
As of July 1, 2019, record M&A advisory fees of $2.03 billion have already been disclosed on U.S. public deals announced during the first half of 2019. Goldman led the market with $447 million in fees disclosed. JP Morgan took second place among financial advisers. Morgan Stanley rounded out the top three in disclosed fees.
Corporate Governance Activity
Allegheny Technologies Incorporated25 Feb 20
American Financial Group, Inc.25 Feb 20
Governing Documents Filing (Refiling)
• Exhibit: Charter Amended/Restated (10-K )
• Exhibit: Charter Amended/Restated (10-K )
AMN Healthcare Services, Inc.25 Feb 20
Atlantic Union Bankshares Corporation25 Feb 20
Governing Documents Filing (Refiling)
• Exhibit: Bylaws Amended/Restated Effective 12/05/2019 (10-K )
• Exhibit: Bylaws Amended/Restated Effective 12/05/2019 (10-K )
Barnes Group Inc.25 Feb 20
Cabot Oil & Gas Corporation25 Feb 20
Chatham Lodging Trust25 Feb 20
Cincinnati Financial Corporation25 Feb 20
Commerce Bancshares, Inc.25 Feb 20
Governing Documents Filing (No Disclosure)
DPD Note: The company filed restated bylaws effective August 2, 2019 in its form 10-K on February 25, 2020 but did not provide any disclosure regarding changes made to the document since the filing of the previous bylaws in 2013. The only changes identified by Deal Point Data was Section 2 to add the following text "provided further, that notwithstanding the retirement age set forth above, the Chairman of the Board may invite a director who is the lead director to continue to serve as a director of the Board until the end of the directors then current term (or some agreed upon portion thereof), at which time that director will be deemed to have submitted his/her resignation". (10-K )
DPD Note: The company filed restated bylaws effective August 2, 2019 in its form 10-K on February 25, 2020 but did not provide any disclosure regarding changes made to the document since the filing of the previous bylaws in 2013. The only changes identified by Deal Point Data was Section 2 to add the following text "provided further, that notwithstanding the retirement age set forth above, the Chairman of the Board may invite a director who is the lead director to continue to serve as a director of the Board until the end of the directors then current term (or some agreed upon portion thereof), at which time that director will be deemed to have submitted his/her resignation". (10-K )
Domtar Corporation25 Feb 20
Duke Realty Corporation25 Feb 20
Enzo Biochem, Inc.25 Feb 20
Update:Proxy Fight Director Nomination on 09/17/2019
DPD Note: The company announced that according to preliminary results of the annual meeting, both of Harbert Discovery Funds director nominees were elected and stockholders did not approve the company proposal to amend the bylaws to increase the size of Board. (Press Release )
DPD Note: The company announced that according to preliminary results of the annual meeting, both of Harbert Discovery Funds director nominees were elected and stockholders did not approve the company proposal to amend the bylaws to increase the size of Board. (Press Release )
EPR Properties25 Feb 20
Discloses AGM Date
Filing: The Company's definitive Proxy Statement for its Annual Meeting of Shareholders to be held on May 29, 2020 (the "Proxy Statement"), contains under the captions "Election of Trustees", "Company Governance", and "Executive Officers" the information required by Item 10 of this Annual Report on Form 10- ... (10-K )
Filing: The Company's definitive Proxy Statement for its Annual Meeting of Shareholders to be held on May 29, 2020 (the "Proxy Statement"), contains under the captions "Election of Trustees", "Company Governance", and "Executive Officers" the information required by Item 10 of this Annual Report on Form 10- ... (10-K )
Equity LifeStyle Properties, Inc.25 Feb 20
Governing Documents Filing (Change)
Filing: On February 19, 2020, Equity LifeStyle Properties, Inc. (referred to herein as the "Company," "we," "us," and "our") filed articles supplementary with respect to the reclassification of three authorized but unissued shares of our 6.75% Series C Cumulative Redeemable Perpetual Preferred Stock, $.01 p ... (8-K )
Filing: On February 19, 2020, Equity LifeStyle Properties, Inc. (referred to herein as the "Company," "we," "us," and "our") filed articles supplementary with respect to the reclassification of three authorized but unissued shares of our 6.75% Series C Cumulative Redeemable Perpetual Preferred Stock, $.01 p ... (8-K )
Focus Financial Partners Inc.25 Feb 20
Discloses AGM Date
Filing: The registrant's definitive proxy statement relating to the annual meeting of shareholders (to be held June 3, 2020) will be filed with the Securities and Exchange Commission within 120 days after the close of the registrant's fiscal year ended December 31, 2019 and is incorporated by reference in P ... (10-K )
Filing: The registrant's definitive proxy statement relating to the annual meeting of shareholders (to be held June 3, 2020) will be filed with the Securities and Exchange Commission within 120 days after the close of the registrant's fiscal year ended December 31, 2019 and is incorporated by reference in P ... (10-K )
Franklin Electric Co., Inc.25 Feb 20
Discloses AGM Date
Filing: A portion of the Proxy Statement for the Annual Meeting of Shareholders to be held on May 8, 2020 (Part III) (10-K )
Filing: A portion of the Proxy Statement for the Annual Meeting of Shareholders to be held on May 8, 2020 (Part III) (10-K )
Gilead Sciences, Inc.25 Feb 20
Discloses AGM Date
Filing: Specified portions of the registrant's proxy statement, which will be filed with the Commission pursuant to Regulation 14A in connection with the registrant's 2020 Annual Meeting of Stockholders, to be held on May 6, 2020, are incorporated by reference into Part III of this Report (10-K )
Filing: Specified portions of the registrant's proxy statement, which will be filed with the Commission pursuant to Regulation 14A in connection with the registrant's 2020 Annual Meeting of Stockholders, to be held on May 6, 2020, are incorporated by reference into Part III of this Report (10-K )
GTT Communications, Inc.25 Feb 20
Governing Documents Filing (Change)
Filing: On February 19, 2020, the Board of Directors of GTT Communications, Inc. (the "Company") approved an amendment of the Company's Amended and Restated By-Laws to provide that the number of directors constituting the entire Board of Directors shall be not more than eleven nor less than one, as fixed by ... (8-K )
Filing: On February 19, 2020, the Board of Directors of GTT Communications, Inc. (the "Company") approved an amendment of the Company's Amended and Restated By-Laws to provide that the number of directors constituting the entire Board of Directors shall be not more than eleven nor less than one, as fixed by ... (8-K )
Hancock Whitney Corporation25 Feb 20
Helios Technologies, Inc.25 Feb 20
Discloses AGM Date
Filing: Portions of the Registrant's Proxy Statement for the 2020 Annual Meeting of Shareholders to be held June 5, 2020, which is expected to be filed with the Securities and Exchange Commission on or about April 24, 2020, have been incorporated by reference into Part III, Items 10, 11, 12, 13 and 14 of th ... (10-K )
Filing: Portions of the Registrant's Proxy Statement for the 2020 Annual Meeting of Shareholders to be held June 5, 2020, which is expected to be filed with the Securities and Exchange Commission on or about April 24, 2020, have been incorporated by reference into Part III, Items 10, 11, 12, 13 and 14 of th ... (10-K )
Inogen, Inc.25 Feb 20
Governing Documents Filing (Refiling)
• Exhibit: Charter Amended/Restated Effective 02/20/2014 (10-K )
• Exhibit: Charter Amended/Restated Effective 02/20/2014 (10-K )
Inogen, Inc.25 Feb 20
Governing Documents Filing (Refiling)
• Exhibit: Bylaws Amended/Restated Effective 02/20/2014 (10-K )
• Exhibit: Bylaws Amended/Restated Effective 02/20/2014 (10-K )
International Business Machines Corporation25 Feb 20
Governing Documents Filing (Change)
Filing: As previously announced, Arvind Krishna has been elected Chief Executive Officer and a member of the IBM Board of Directors, effective April 6, 2020. As a result, Article III, Section 2 of the Company's By-Laws was amended to increase the number of directors to 14, effective April 6, 2020. Additiona ... (10-K )
Filing: As previously announced, Arvind Krishna has been elected Chief Executive Officer and a member of the IBM Board of Directors, effective April 6, 2020. As a result, Article III, Section 2 of the Company's By-Laws was amended to increase the number of directors to 14, effective April 6, 2020. Additiona ... (10-K )
Macquarie Infrastructure Corporation25 Feb 20
New Senior Investment Group Inc.25 Feb 20
Governing Documents Filing (Change)
Filing: On February 25, 2020, the Board adopted Amended and Restated Bylaws of the Company (as so amended and restated, the "Bylaws"), which took effect immediately. The Bylaws supersede the previously existing Amended and Restated Bylaws, which took effect on June 13, 2019. The Bylaws were amended to imple ... (8-K )
Filing: On February 25, 2020, the Board adopted Amended and Restated Bylaws of the Company (as so amended and restated, the "Bylaws"), which took effect immediately. The Bylaws supersede the previously existing Amended and Restated Bylaws, which took effect on June 13, 2019. The Bylaws were amended to imple ... (8-K )
Palo Alto Networks, Inc.25 Feb 20
Governing Documents Filing (Change)
Filing: On February 21, 2020, our board of directors amended and restated our bylaws (as amended and restated, the "Bylaws"), effective immediately, to, among other things, clarify certain procedures and make certain other enhancements and technical changes. The changes to the Bylaws include, without limita ... (10-Q )
Filing: On February 21, 2020, our board of directors amended and restated our bylaws (as amended and restated, the "Bylaws"), effective immediately, to, among other things, clarify certain procedures and make certain other enhancements and technical changes. The changes to the Bylaws include, without limita ... (10-Q )
PerkinElmer, Inc.25 Feb 20
Pinnacle West Capital Corporation25 Feb 20
Governing Documents Filing (Change)
Filing: Amendment of Bylaws to Reduce Special Meeting Threshold On February 19, 2020, the Board of Directors of Pinnacle West approved amendments to the Company's Bylaws. Section 2.02 of the Bylaws was amended to reduce the ownership threshold to call a special meeting of shareholders from 25% to 15% of the ... (8-K )
Filing: Amendment of Bylaws to Reduce Special Meeting Threshold On February 19, 2020, the Board of Directors of Pinnacle West approved amendments to the Company's Bylaws. Section 2.02 of the Bylaws was amended to reduce the ownership threshold to call a special meeting of shareholders from 25% to 15% of the ... (8-K )
PulteGroup, Inc.25 Feb 20
Discloses AGM Date
• Press release: PulteGroup Announces Upcoming 2020 Annual Meeting Date (Press Release )
• Press release: PulteGroup Announces Upcoming 2020 Annual Meeting Date (Press Release )
Realogy Holdings Corp.25 Feb 20
Spartan Motors, Inc.25 Feb 20
Governing Documents Filing (Change)
Filing: (a) Amendment to Bylaws Effective February 19, 2020, the Board of Directors of Spartan Motors, Inc. (the "Company") approved an amendment to the Company's Bylaws to add the following provision: Unless the corporation consents in writing to the selection of an alternative forum, the courts of the Sta ... (8-K )
Filing: (a) Amendment to Bylaws Effective February 19, 2020, the Board of Directors of Spartan Motors, Inc. (the "Company") approved an amendment to the Company's Bylaws to add the following provision: Unless the corporation consents in writing to the selection of an alternative forum, the courts of the Sta ... (8-K )
Stryker Corporation25 Feb 20
Discloses AGM Date
• Press release: Stryker announces nomination of new Director, Lisa Skeete Tatum (Press Release )
• Press release: Stryker announces nomination of new Director, Lisa Skeete Tatum (Press Release )
Telephone and Data Systems, Inc.25 Feb 20
Discloses AGM Date
Filing: Those sections or portions of the registrant's 2019 Annual Report to Shareholders (Annual Report), filed as Exhibit 13 hereto, and of the registrant's Notice of Annual Meeting of Shareholders and Proxy Statement (Proxy Statement) to be filed prior to April 30, 2020, for the 2020 Annual Meeting of Sh ... (10-K )
Filing: Those sections or portions of the registrant's 2019 Annual Report to Shareholders (Annual Report), filed as Exhibit 13 hereto, and of the registrant's Notice of Annual Meeting of Shareholders and Proxy Statement (Proxy Statement) to be filed prior to April 30, 2020, for the 2020 Annual Meeting of Sh ... (10-K )
Tivity Health, Inc.25 Feb 20
Governing Documents Filing (Change)
Filing: On February 25, 2020, in connection with the Agreement, the Board adopted an amendment (the "Amendment") to the Company's Second Amended and Restated Bylaws to provide that the Board may not take any action to increase the size of the Board to a number greater than twelve (12) directors without the ... (8-K )
Filing: On February 25, 2020, in connection with the Agreement, the Board adopted an amendment (the "Amendment") to the Company's Second Amended and Restated Bylaws to provide that the Board may not take any action to increase the size of the Board to a number greater than twelve (12) directors without the ... (8-K )
Tivity Health, Inc.25 Feb 20
Settlement/Standstill
DPD Note: The company entered into a Cooperation Agreement with HG Vora Capital Management, LLC under which HG Vora has the right to appoint two individuals to the company's Board. The agreement also includes standstill provisions and voting commitments. HG Vora is known to use activism to push companies to make changes to enhance stockholder value but was a passive 13G filer with respect to its 9.9% company ownership stake prior to the agreement. (8-K )
DPD Note: The company entered into a Cooperation Agreement with HG Vora Capital Management, LLC under which HG Vora has the right to appoint two individuals to the company's Board. The agreement also includes standstill provisions and voting commitments. HG Vora is known to use activism to push companies to make changes to enhance stockholder value but was a passive 13G filer with respect to its 9.9% company ownership stake prior to the agreement. (8-K )
United States Cellular Corporation25 Feb 20
Discloses AGM Date
Filing: Those sections or portions of the registrant's 2019 Annual Report to Shareholders (Annual Report), filed as Exhibit 13 hereto, and of the registrant's Notice of Annual Meeting of Shareholders and Proxy Statement (Proxy Statement) to be filed prior to April 30, 2020, for the 2020 Annual Meeting of Sh ... (10-K )
Filing: Those sections or portions of the registrant's 2019 Annual Report to Shareholders (Annual Report), filed as Exhibit 13 hereto, and of the registrant's Notice of Annual Meeting of Shareholders and Proxy Statement (Proxy Statement) to be filed prior to April 30, 2020, for the 2020 Annual Meeting of Sh ... (10-K )
Univar Solutions Inc.25 Feb 20
Discloses AGM Date
Filing: Certain portions of the registrant's Proxy Statement for the Annual Meeting of Stockholders to be held May 7, 2020 and to be filed within 120 days after the registrant's fiscal year ended December 31, 2019 (hereinafter referred to as "Proxy Statement") are incorporated by reference into Part III (10-K )
Filing: Certain portions of the registrant's Proxy Statement for the Annual Meeting of Stockholders to be held May 7, 2020 and to be filed within 120 days after the registrant's fiscal year ended December 31, 2019 (hereinafter referred to as "Proxy Statement") are incorporated by reference into Part III (10-K )
Washington Trust Bancorp, Inc.25 Feb 20
Xenia Hotels & Resorts, Inc.25 Feb 20
Governing Documents Filing (Change)
Filing: First Amendment to our Second Amended and Restated Bylaws 71 On and effective as of February 19, 2020, our Board of Directors adopted the First Amendment to our Second Amended and Restated Bylaws (the "Bylaws") to permit our stockholders to amend the Bylaws, as described below. Article XV of the Byl ... (10-K )
Filing: First Amendment to our Second Amended and Restated Bylaws 71 On and effective as of February 19, 2020, our Board of Directors adopted the First Amendment to our Second Amended and Restated Bylaws (the "Bylaws") to permit our stockholders to amend the Bylaws, as described below. Article XV of the Byl ... (10-K )
Air Transport Services Group, Inc.24 Feb 20
Apartment Investment and Management Company24 Feb 20
Discloses AGM Date
Filing: Portions of Apartment Investment and Management Company's definitive proxy statement to be issued in conjunction with Apartment Investment and Management Company's annual meeting of stockholders to be held April 28, 2020, are incorporated by reference into Part III of this Annual Report (10-K )
Filing: Portions of Apartment Investment and Management Company's definitive proxy statement to be issued in conjunction with Apartment Investment and Management Company's annual meeting of stockholders to be held April 28, 2020, are incorporated by reference into Part III of this Annual Report (10-K )
Apartment Investment and Management Company24 Feb 20
Governing Documents Filing (Change)
Filing: Reclassification of Unissued Preferred Stock On February 24, 2020, pursuant to Maryland law and our Charter, our Board of Directors reclassified into Common Stock, all of the authorized and unissued shares of each of the following classes of preferred stock: Class Z Cumulative Preferred Stock, Class ... (10-K )
Filing: Reclassification of Unissued Preferred Stock On February 24, 2020, pursuant to Maryland law and our Charter, our Board of Directors reclassified into Common Stock, all of the authorized and unissued shares of each of the following classes of preferred stock: Class Z Cumulative Preferred Stock, Class ... (10-K )
Armada Hoffler Properties, Inc.24 Feb 20
Governing Documents Filing (Change)
Filing: On February 20, 2020, the Board of Directors (the "Board") of Armada Hoffler Properties, Inc. (the "Company") adopted a resolution prohibiting the Company from electing to classify the Board pursuant to Section 3-802(c) of the Maryland General Corporation Law (the "MGCL"), commonly referred to as th ... (8-K )
Filing: On February 20, 2020, the Board of Directors (the "Board") of Armada Hoffler Properties, Inc. (the "Company") adopted a resolution prohibiting the Company from electing to classify the Board pursuant to Section 3-802(c) of the Maryland General Corporation Law (the "MGCL"), commonly referred to as th ... (8-K )
Avis Budget Group, Inc.24 Feb 20
Settlement/Standstill
DPD Note: The company entered a Third Amended and Restated Cooperation Agreement dated as of February 23, 2020 with SRS Investment Management, LLC (SRS). SRS will withdraw its nomination notice dated February 21, 2020 (this nomination had not previously been publicly disclosed). SRS will be entitled to designate three persons to serve as members of the Board during the two-year standstill period and SRS President Jagdeep Pahwa will be appointed as Vice Chairman. Six current directors will not stand for re-election at the 2020 annual meeting. The poison pill adopted by the company in January 2020 will remain in place. The company entered into previous agreements with SRS in 2016, 2017, and 2018. (8-K )
DPD Note: The company entered a Third Amended and Restated Cooperation Agreement dated as of February 23, 2020 with SRS Investment Management, LLC (SRS). SRS will withdraw its nomination notice dated February 21, 2020 (this nomination had not previously been publicly disclosed). SRS will be entitled to designate three persons to serve as members of the Board during the two-year standstill period and SRS President Jagdeep Pahwa will be appointed as Vice Chairman. Six current directors will not stand for re-election at the 2020 annual meeting. The poison pill adopted by the company in January 2020 will remain in place. The company entered into previous agreements with SRS in 2016, 2017, and 2018. (8-K )
Berkshire Hathaway Inc.24 Feb 20
Boeing Company (The)24 Feb 20
Governing Documents Filing (Change)
Filing: On February 24, 2020, the Board adopted an amendment to Article II, Section 1 of the Company's By-Laws to decrease the number of directors from fourteen to thirteen (8-K )
Filing: On February 24, 2020, the Board adopted an amendment to Article II, Section 1 of the Company's By-Laws to decrease the number of directors from fourteen to thirteen (8-K )
Boise Cascade Company24 Feb 20
Discloses AGM Date
Filing: Information with respect to our directors and certain other corporate governance matters is incorporated by reference from the information contained under the sections "Proposal No. 1 - Election of Three Class I Directors," and "Corporate Governance" in our Proxy Statement for the Annual Meeting of ... (10-K )
Filing: Information with respect to our directors and certain other corporate governance matters is incorporated by reference from the information contained under the sections "Proposal No. 1 - Election of Three Class I Directors," and "Corporate Governance" in our Proxy Statement for the Annual Meeting of ... (10-K )
Braemar Hotels & Resorts Inc.24 Feb 20
Advance Notice Disclosure
DPD Note: The company disclosed a new deadline for proxy access nominations for the company's May 14, 2020 annual meeting. The deadline of February 28, 2020 provided is 10 days following the day on which public announcement of the date of meeting was made. The company's bylaws contain similar alternate timing provisions for non-14a-8 proposals and nominations but the company did not provide new deadlines. The 2019 annual meeting was held on July 31, 2019. (8-K )
DPD Note: The company disclosed a new deadline for proxy access nominations for the company's May 14, 2020 annual meeting. The deadline of February 28, 2020 provided is 10 days following the day on which public announcement of the date of meeting was made. The company's bylaws contain similar alternate timing provisions for non-14a-8 proposals and nominations but the company did not provide new deadlines. The 2019 annual meeting was held on July 31, 2019. (8-K )
BWX Technologies, Inc.24 Feb 20
Carter's, Inc.24 Feb 20
Discloses AGM Date
Filing: Portions of the definitive proxy statement to be filed with the Securities and Exchange Commission pursuant to Regulation 14A relating to the Annual Meeting of shareholders of Carter's, Inc., scheduled to be held on May 14, 2020, will be incorporated by reference in Part III of this Form 10-K. Carte ... (10-K )
Filing: Portions of the definitive proxy statement to be filed with the Securities and Exchange Commission pursuant to Regulation 14A relating to the Annual Meeting of shareholders of Carter's, Inc., scheduled to be held on May 14, 2020, will be incorporated by reference in Part III of this Form 10-K. Carte ... (10-K )
Chefs' Warehouse, Inc. (The)24 Feb 20
Discloses AGM Date
Filing: The information set forth under the captions "Corporate Governance," "Proposal 1 - Election of Directors" and "Section 16(a) Beneficial Ownership Reporting Compliance" in our definitive Proxy Statement for our 2020 Annual Meeting of Stockholders to be held on May 15, 2020, which we intend to file wi ... (10-K )
Filing: The information set forth under the captions "Corporate Governance," "Proposal 1 - Election of Directors" and "Section 16(a) Beneficial Ownership Reporting Compliance" in our definitive Proxy Statement for our 2020 Annual Meeting of Stockholders to be held on May 15, 2020, which we intend to file wi ... (10-K )
Citizens Financial Group, Inc.24 Feb 20
Coca-Cola Company (The)24 Feb 20
Dine Brands Global, Inc.24 Feb 20
Discloses AGM Date
Filing: Portions of the Proxy Statement for the Annual Meeting of Stockholders to be held on Tuesday, May 12, 2020 are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated. Except as expressly incorporated by reference, the registrant's Proxy Statement shall not be deem ... (10-K )
Filing: Portions of the Proxy Statement for the Annual Meeting of Stockholders to be held on Tuesday, May 12, 2020 are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated. Except as expressly incorporated by reference, the registrant's Proxy Statement shall not be deem ... (10-K )
Equity LifeStyle Properties, Inc.24 Feb 20
Gaia, Inc.24 Feb 20
General Electric Company24 Feb 20
Hanover Insurance Group, Inc. (The)24 Feb 20
Hudson Pacific Properties, Inc.24 Feb 20
Discloses AGM Date
Filing: Portions of the proxy statement for the registrant's 2020 Annual Meeting of Stockholders to be held May 20, 2020 are incorporated by reference in Part III of this Annual Report on Form 10-K. The proxy statement will be filed by the registrant with the United States Securities and Exchange Commission ... (10-K )
Filing: Portions of the proxy statement for the registrant's 2020 Annual Meeting of Stockholders to be held May 20, 2020 are incorporated by reference in Part III of this Annual Report on Form 10-K. The proxy statement will be filed by the registrant with the United States Securities and Exchange Commission ... (10-K )
JELD-WEN Holding, Inc.24 Feb 20
Discloses AGM Date
Filing: The information required by this item with respect to our executive officers appears in Part I of this Form 10-K under the heading, "Executive Officers". The other information required by this item is incorporated by reference to the Company's definitive Proxy Statement for its 2020 Annual Meeting o ... (10-K )
Filing: The information required by this item with respect to our executive officers appears in Part I of this Form 10-K under the heading, "Executive Officers". The other information required by this item is incorporated by reference to the Company's definitive Proxy Statement for its 2020 Annual Meeting o ... (10-K )
JELD-WEN Holding, Inc.24 Feb 20
Planned Defense Change
Filing: The Company is committed to effective corporate governance that is informed by our stockholders and promotes the long-term interests of our stockholders. In response to the feedback we have received in connection with our ongoing stockholder engagement efforts and after careful consideration, our Bo ... (10-K )
Filing: The Company is committed to effective corporate governance that is informed by our stockholders and promotes the long-term interests of our stockholders. In response to the feedback we have received in connection with our ongoing stockholder engagement efforts and after careful consideration, our Bo ... (10-K )
Jernigan Capital, Inc.24 Feb 20
Governing Documents Filing (Change)
Filing: Opt Out of Maryland's Unsolicited Takeover Act On February 21, 2020, the Board adopted resolutions prohibiting the Company from electing in the future to classify the Board pursuant to Section 3-803 of the Maryland General Corporation Law (the "MGCL"), commonly referred to as the Maryland Unsolicite ... (8-K )
Filing: Opt Out of Maryland's Unsolicited Takeover Act On February 21, 2020, the Board adopted resolutions prohibiting the Company from electing in the future to classify the Board pursuant to Section 3-803 of the Maryland General Corporation Law (the "MGCL"), commonly referred to as the Maryland Unsolicite ... (8-K )
Jernigan Capital, Inc.24 Feb 20
Governing Documents Filing (Change)
Filing: Amendment No. 1 to Amended and Restated Bylaws On February 21, 2020, the Board approved Amendment No. 1 (the "Amendment") to the Company's Amended and Restated Bylaws (the "Bylaws"). The Amendment amends Article II, Section 7 of the Bylaws to change the voting standard for the election of directors ... (8-K )
Filing: Amendment No. 1 to Amended and Restated Bylaws On February 21, 2020, the Board approved Amendment No. 1 (the "Amendment") to the Company's Amended and Restated Bylaws (the "Bylaws"). The Amendment amends Article II, Section 7 of the Bylaws to change the voting standard for the election of directors ... (8-K )
Kaman Corporation24 Feb 20
Discloses AGM Date
Filing: Other than the list of executive officers of the Company set forth in Item 1, Information about our Executive Officers, all information under this caption may be found in the Company's proxy statement to be delivered to stockholders in connection with the Annual Meeting of Shareholders, which is sch ... (10-K )
Filing: Other than the list of executive officers of the Company set forth in Item 1, Information about our Executive Officers, all information under this caption may be found in the Company's proxy statement to be delivered to stockholders in connection with the Annual Meeting of Shareholders, which is sch ... (10-K )
Kellogg Company24 Feb 20
Kirby Corporation24 Feb 20
Lakeland Financial Corporation24 Feb 20
Marcus Corporation (The)24 Feb 20
Discloses AGM Date
Filing: he information required by Item 10 is incorporated herein by reference to the relevant information set forth under the captions "Election of Directors," "Board of Directors and Corporate Governance" and "Delinquent Section 16(a) Reports" in the definitive Proxy Statement for our 2020 Annual Meeting ... (10-K )
Filing: he information required by Item 10 is incorporated herein by reference to the relevant information set forth under the captions "Election of Directors," "Board of Directors and Corporate Governance" and "Delinquent Section 16(a) Reports" in the definitive Proxy Statement for our 2020 Annual Meeting ... (10-K )
Mobile Mini, Inc.24 Feb 20
Discloses AGM Date
• Press release: Mobile Mini Announces Annual Meeting Date (Press Release )
• Press release: Mobile Mini Announces Annual Meeting Date (Press Release )
Moody's Corporation24 Feb 20
New York Community Bancorp, Inc.24 Feb 20
Olin Corporation24 Feb 20
Proxy Fight Director Nomination
DPD Note: Sachem Head Capital Management LP disclosed that it provided formal notice on January 24, 2020 nominating four candidates for election to the Board at the company's 2020 annual meeting and that it intends to solicit proxies in support of its nominees. The company's Board is divided into three classes serving staggered terms. (SC 13D )
DPD Note: Sachem Head Capital Management LP disclosed that it provided formal notice on January 24, 2020 nominating four candidates for election to the Board at the company's 2020 annual meeting and that it intends to solicit proxies in support of its nominees. The company's Board is divided into three classes serving staggered terms. (SC 13D )
P.H. Glatfelter Company24 Feb 20
ProPetro Holding Corp.24 Feb 20
Postpone Meeting
Filing: The Company cannot currently predict when this process will be completed. The Company continues to work diligently to become current in its filing obligations with the SEC as soon as reasonably practicable, and it currently expects to do so prior to the expiration of the additional trading period gr ... (8-K )
Filing: The Company cannot currently predict when this process will be completed. The Company continues to work diligently to become current in its filing obligations with the SEC as soon as reasonably practicable, and it currently expects to do so prior to the expiration of the additional trading period gr ... (8-K )
Pyxus International, Inc.24 Feb 20
Governing Documents Filing (Change)
Filing: Following Mr. Castle's resignation as a director of the Company as described in Item 5.02 hereof, on February 19, 2020, the Board of Directors of the Company approved an amendment to the Company's bylaws to reduce the size of the Board of Directors from eleven to ten. Such amendment was effective on ... (8-K )
Filing: Following Mr. Castle's resignation as a director of the Company as described in Item 5.02 hereof, on February 19, 2020, the Board of Directors of the Company approved an amendment to the Company's bylaws to reduce the size of the Board of Directors from eleven to ten. Such amendment was effective on ... (8-K )
Rayonier Inc.24 Feb 20
Discloses AGM Date
Filing: Portions of the registrant's definitive proxy statement to be filed with the Securities and Exchange Commission in connection with the 2020 annual meeting of the shareholders of the registrant scheduled to be held May 14, 2020, are incorporated by reference in Part III hereof (10-K )
Filing: Portions of the registrant's definitive proxy statement to be filed with the Securities and Exchange Commission in connection with the 2020 annual meeting of the shareholders of the registrant scheduled to be held May 14, 2020, are incorporated by reference in Part III hereof (10-K )
Realty Income Corporation24 Feb 20
Discloses AGM Date
Filing: Part III, Items 10, 11, 12, 13, and 14 incorporate by reference certain specific portions of the definitive Proxy Statement for Realty Income Corporation's Annual Meeting to be held on May 12, 2020, to be filed pursuant to Regulation 14A. Only those portions of the proxy statement which are specific ... (10-K )
Filing: Part III, Items 10, 11, 12, 13, and 14 incorporate by reference certain specific portions of the definitive Proxy Statement for Realty Income Corporation's Annual Meeting to be held on May 12, 2020, to be filed pursuant to Regulation 14A. Only those portions of the proxy statement which are specific ... (10-K )
Retrophin, Inc.24 Feb 20
Discloses AGM Date
Filing: DOCUMENTS INCORPORATED BY REFERENCE: Portions of the Proxy Statement for the registrant's Annual Meeting of Stockholders to be held May 13, 2020, to be filed within 120 days after the conclusion of the registrant's fiscal year ended December 31, 2019, are incorporated by reference into Part III of t ... (10-K )
Filing: DOCUMENTS INCORPORATED BY REFERENCE: Portions of the Proxy Statement for the registrant's Annual Meeting of Stockholders to be held May 13, 2020, to be filed within 120 days after the conclusion of the registrant's fiscal year ended December 31, 2019, are incorporated by reference into Part III of t ... (10-K )
Summit Hotel Properties, Inc.24 Feb 20
Discloses AGM Date
• Press release: Summit Hotel Properties Announces 2020 Annual Meeting of Stockholders (Press Release )
• Press release: Summit Hotel Properties Announces 2020 Annual Meeting of Stockholders (Press Release )
TrueBlue, Inc.24 Feb 20
Discloses AGM Date
Filing: The information required by Part III of this report is incorporated by reference from the registrant's definitive proxy statement relating to the Annual Meeting of Shareholders scheduled to be held May 13, 2020, which will be filed no later than 120 days after the end of the fiscal year to which thi ... (10-K )
Filing: The information required by Part III of this report is incorporated by reference from the registrant's definitive proxy statement relating to the Annual Meeting of Shareholders scheduled to be held May 13, 2020, which will be filed no later than 120 days after the end of the fiscal year to which thi ... (10-K )
Unum Group24 Feb 20
Governing Documents Filing (Change)
Filing: On February 18, 2020, the Board of Directors (the "Board") of Unum Group (the "Company") adopted amendments to the Company's Amended and Restated Bylaws (the "Bylaws"). Article II, Sections 2 and 3(e) and Article VI, Section 1 of the Bylaws were amended to contemplate the potential for notices to be ... (8-K )
Filing: On February 18, 2020, the Board of Directors (the "Board") of Unum Group (the "Company") adopted amendments to the Company's Amended and Restated Bylaws (the "Bylaws"). Article II, Sections 2 and 3(e) and Article VI, Section 1 of the Bylaws were amended to contemplate the potential for notices to be ... (8-K )
Ventas, Inc.24 Feb 20
West Pharmaceutical Services, Inc.24 Feb 20
Discloses AGM Date
Filing: Proxy Statement for the Annual Meeting of Shareholders to be held May 5, 2020 (10-K )
Filing: Proxy Statement for the Annual Meeting of Shareholders to be held May 5, 2020 (10-K )
Williams Companies, Inc. (The)24 Feb 20
Berry Global Group, Inc.23 Feb 20
Governance/Defense Controversy/Criticism
DPD Note: Canyon Capital Advisors LLC issued a press release containing a letter to the Board with suggestions on how to unlock stockholder value and to "get in front of environmental, social and governance ("ESG") trends and correct market misperceptions about sustainability". (Press Release )
DPD Note: Canyon Capital Advisors LLC issued a press release containing a letter to the Board with suggestions on how to unlock stockholder value and to "get in front of environmental, social and governance ("ESG") trends and correct market misperceptions about sustainability". (Press Release )
LSC Communications, Inc.23 Feb 20
Proxy Fight Director Nomination
DPD Note: The company announced that Sententia Group, LP nominated six candidates for election to the company's Board at the 2020 annual meeting. Sententia Group had not publicly disclosed any activist intentions regarding the company prior to the company's announcement. (Press Release )
DPD Note: The company announced that Sententia Group, LP nominated six candidates for election to the company's Board at the 2020 annual meeting. Sententia Group had not publicly disclosed any activist intentions regarding the company prior to the company's announcement. (Press Release )
Acacia Research Corporation21 Feb 20
Governing Documents Filing (Change)
Filing: On November 14, 2019, the Board of Directors (the "Board") of Acacia Research Corporation ("Acacia" or the "Company") approved, subject to stockholder approval, an amendment to the Company's Amended and Restated Certificate of Incorporation to increase the total number of authorized shares of common ... (8-K )
Filing: On November 14, 2019, the Board of Directors (the "Board") of Acacia Research Corporation ("Acacia" or the "Company") approved, subject to stockholder approval, an amendment to the Company's Amended and Restated Certificate of Incorporation to increase the total number of authorized shares of common ... (8-K )
Acadia Realty Trust21 Feb 20
AdvanSix Inc.21 Feb 20
Discloses AGM Date
Filing: Part III: Proxy Statement for Annual Meeting of Stockholders to be held June 23, 2020 (10-K )
Filing: Part III: Proxy Statement for Annual Meeting of Stockholders to be held June 23, 2020 (10-K )
Allstate Corporation (The)21 Feb 20
Discloses AGM Date
Filing: Part III of this Form 10-K incorporates by reference certain information from the registrant's definitive proxy statement for its annual stockholders meeting to be held on May 19, 2020, (the "Proxy Statement") to be filed not later than 120 days after the end of the fiscal year covered by this Form ... (10-K )
Filing: Part III of this Form 10-K incorporates by reference certain information from the registrant's definitive proxy statement for its annual stockholders meeting to be held on May 19, 2020, (the "Proxy Statement") to be filed not later than 120 days after the end of the fiscal year covered by this Form ... (10-K )
Badger Meter, Inc.21 Feb 20
Discloses AGM Date
Filing: Information required by this Item with respect to directors is included under the headings "Nomination and Election of Directors" and "Section 16(a) Beneficial Ownership Reporting Compliance" in the Company's definitive Proxy Statement relating to the Annual Meeting of Shareholders to be held on Apr ... (10-K )
Filing: Information required by this Item with respect to directors is included under the headings "Nomination and Election of Directors" and "Section 16(a) Beneficial Ownership Reporting Compliance" in the Company's definitive Proxy Statement relating to the Annual Meeting of Shareholders to be held on Apr ... (10-K )
Banner Corporation21 Feb 20
Builders FirstSource, Inc.21 Feb 20
Bunge Limited21 Feb 20
Cboe Global Markets, Inc.21 Feb 20
Discloses AGM Date
Filing: Information relating to our directors, including our audit committee and audit committee financial experts and the procedures by which stockholders can recommend director nominees, and our executive officers will be in our definitive Proxy Statement for our 2020 Annual Meeting of Stockholders planne ... (10-K )
Filing: Information relating to our directors, including our audit committee and audit committee financial experts and the procedures by which stockholders can recommend director nominees, and our executive officers will be in our definitive Proxy Statement for our 2020 Annual Meeting of Stockholders planne ... (10-K )
Citigroup Inc.21 Feb 20
Citigroup Inc.21 Feb 20
Governing Documents Filing (Refiling)
• Exhibit: Charter Amended/Restated Effective 10/30/2009 (10-K )
• Exhibit: Charter Amended/Restated Effective 10/30/2009 (10-K )
Citigroup Inc.21 Feb 20
Governing Documents Filing (Refiling)
• Exhibit: Charter Amendment Effective 05/06/2011 (10-K )
• Exhibit: Charter Amendment Effective 05/06/2011 (10-K )
IPO Activity
GigCapital3, Inc.25 Feb 20
Registration Statement Declared Effective
GigCapital3, Inc. filed for an initial public offering with its filing of an S-1 with the Securities and Exchange Commission (SEC)
GigCapital3, Inc. filed for an initial public offering with its filing of an S-1 with the Securities and Exchange Commission (SEC)
GigCapital3, Inc.25 Feb 20
Shares Offered Decreased
GigCapital3, Inc. disclosed plans to offer 20,000,000 units, with each unit consisting of one share of common stock and one-half of one redeemable warrant
GigCapital3, Inc. disclosed plans to offer 20,000,000 units, with each unit consisting of one share of common stock and one-half of one redeemable warrant
GigCapital3, Inc.25 Feb 20
Underwriting Discount Disclosed
The underwriters received a discount of $0.55 per share (a gross spread of 5.5%) and a total of $11 mil for underwriting GigCapital3, Inc.'s IPO
The underwriters received a discount of $0.55 per share (a gross spread of 5.5%) and a total of $11 mil for underwriting GigCapital3, Inc.'s IPO
GigCapital3, Inc.25 Feb 20
IPO Price Disclosed
GigCapital3, Inc. disclosed that the offer price for the units issued in its initial public offering will be $10.00 per unit
GigCapital3, Inc. disclosed that the offer price for the units issued in its initial public offering will be $10.00 per unit
GFL Environmental Holdings Inc.25 Feb 20
Shares Offered Decreased
GFL Environmental Holdings Inc. decreased the number of subordinate voting shares to be offered to 73,170,733 from 87572500 with GFL now selling 71,652,440 shares and the selling stockholders selling 1,518,293 shares
GFL Environmental Holdings Inc. decreased the number of subordinate voting shares to be offered to 73,170,733 from 87572500 with GFL now selling 71,652,440 shares and the selling stockholders selling 1,518,293 shares
GFL Environmental Holdings Inc.25 Feb 20
Price Range Decreased
GFL Environmental Holdings Inc. decreased the anticipated price range for its IPO to between $20.00 to $21.00 per share from $20.00 to $24.00 per share
GFL Environmental Holdings Inc. decreased the anticipated price range for its IPO to between $20.00 to $21.00 per share from $20.00 to $24.00 per share
Zhongchao Inc.24 Feb 20
Shares Offered Decreased
Zhongchao Inc. decreased the number of Class A ordinary shares to be offered to 3,000,000 shares from 3,500,000 shares
Zhongchao Inc. decreased the number of Class A ordinary shares to be offered to 3,000,000 shares from 3,500,000 shares
Zhongchao Inc.24 Feb 20
Underwriting Discount Disclosed
The underwriters received a discount of $0.28 per share (a gross spread of 7%) and a total of $840,000 for underwriting Zhongchao Inc.'s IPO
The underwriters received a discount of $0.28 per share (a gross spread of 7%) and a total of $840,000 for underwriting Zhongchao Inc.'s IPO
Zhongchao Inc.24 Feb 20
IPO Price Disclosed
Zhongchao Inc. set the price of its initial public offering of 3,000,000 shares at $4.00 per share, which was within the $4.00 to $4.50 price range, for gross proceeds of $12 mil
Zhongchao Inc. set the price of its initial public offering of 3,000,000 shares at $4.00 per share, which was within the $4.00 to $4.50 price range, for gross proceeds of $12 mil
East Stone Acquisition Corporation21 Feb 20
Shares Offered Increased
East Stone Acquisition Corporation increased the number of units to be offered to 12,000,000 units from 10,000,000 units
East Stone Acquisition Corporation increased the number of units to be offered to 12,000,000 units from 10,000,000 units
Zhongchao Inc.21 Feb 20
Registration Statement Declared Effective
Zhongchao Inc.'s registration statement was declared effective by the Securities and Exchange Commission (SEC)
Zhongchao Inc.'s registration statement was declared effective by the Securities and Exchange Commission (SEC)
DFP Healthcare Acquisitions Corp.21 Feb 20
Registration Statement Filed
DFP Healthcare Acquisitions Corp. filed for an initial public offering with its filing of an S-1 with the Securities and Exchange Commission (SEC)
DFP Healthcare Acquisitions Corp. filed for an initial public offering with its filing of an S-1 with the Securities and Exchange Commission (SEC)
DFP Healthcare Acquisitions Corp.21 Feb 20
Shares Offered Disclosed
DFP Healthcare Acquisitions Corp. disclosed plans to offer 20,000,000 units, with each unit consisting of one share of Class A common stock and one-fourth of one redeemable warrant
DFP Healthcare Acquisitions Corp. disclosed plans to offer 20,000,000 units, with each unit consisting of one share of Class A common stock and one-fourth of one redeemable warrant
DFP Healthcare Acquisitions Corp.21 Feb 20
Underwriting Discount Disclosed
The underwriters received a discount of $0.55 per share (a gross spread of 5.5%) and a total of $8,25 mil for underwriting DFP Healthcare Acquisitions Corp.'s IPO
The underwriters received a discount of $0.55 per share (a gross spread of 5.5%) and a total of $8,25 mil for underwriting DFP Healthcare Acquisitions Corp.'s IPO
DFP Healthcare Acquisitions Corp.21 Feb 20
Other IPO Related
DFP Healthcare Acquisitions Corp. disclosed that the offer price for the units issued in its initial public offering will be $10.00 per unit
DFP Healthcare Acquisitions Corp. disclosed that the offer price for the units issued in its initial public offering will be $10.00 per unit
SelectQuote, Inc.21 Feb 20
Registration Statement Filed
SelectQuote, Inc. filed for an initial public offering with its filing of an S-1 with the Securities and Exchange Commission (SEC)
SelectQuote, Inc. filed for an initial public offering with its filing of an S-1 with the Securities and Exchange Commission (SEC)
dMY Technology Group, Inc.20 Feb 20
Registration Statement Declared Effective
dMY Technology Group, Inc.'s registration statement was declared effective by the Securities and Exchange Commission (SEC)
dMY Technology Group, Inc.'s registration statement was declared effective by the Securities and Exchange Commission (SEC)
East Stone Acquisition Corporation19 Feb 20
Registration Statement Declared Effective
East Stone Acquisition Corporation's registration statement was declared effective by the Securities and Exchange Commission (SEC)
East Stone Acquisition Corporation's registration statement was declared effective by the Securities and Exchange Commission (SEC)
EnVen Energy Corporation19 Feb 20
IPO Withdrawn
EnVen Energy Corporation withdrew its initial public offering
EnVen Energy Corporation withdrew its initial public offering
Churchill Capital Corp III18 Feb 20
Shares Offered Increased
Churchill Capital Corp III increased the number of units to be offered to 100,000,000 units from 80,000,000 units
Churchill Capital Corp III increased the number of units to be offered to 100,000,000 units from 80,000,000 units
FreeCast, Inc.18 Feb 20
Registration Statement Filed
FreeCast, Inc. filed for an initial public offering with its filing of an S-1 with the Securities and Exchange Commission (SEC)
FreeCast, Inc. filed for an initial public offering with its filing of an S-1 with the Securities and Exchange Commission (SEC)
MingZhu Logistics Holdings Limited18 Feb 20
Shares Offered Disclosed
MingZhu Logistics Holdings Limited disclosed plans to offer 3,000,000 ordinary shares to the public
MingZhu Logistics Holdings Limited disclosed plans to offer 3,000,000 ordinary shares to the public
MingZhu Logistics Holdings Limited18 Feb 20
Price Range Disclosed
MingZhu Logistics Holdings Limited set the anticipated price range for its IPO at $4.00 to $4.50 per share
MingZhu Logistics Holdings Limited set the anticipated price range for its IPO at $4.00 to $4.50 per share
Passage Bio, Inc.18 Feb 20
Shares Offered Disclosed
Passage Bio, Inc. disclosed plans to offer 7,400,000 common shares to the public
Passage Bio, Inc. disclosed plans to offer 7,400,000 common shares to the public
Passage Bio, Inc.18 Feb 20
Price Range Disclosed
Passage Bio, Inc. set the anticipated price range for its IPO at $16.00 to $18.00 per share
Passage Bio, Inc. set the anticipated price range for its IPO at $16.00 to $18.00 per share
Cole Haan, Inc.14 Feb 20
Registration Statement Filed
Cole Haan, Inc. filed for an initial public offering with its filing of an S-1 with the Securities and Exchange Commission (SEC)
Cole Haan, Inc. filed for an initial public offering with its filing of an S-1 with the Securities and Exchange Commission (SEC)
Yunhong International14 Feb 20
Shares Offered Increased
China Yunhong Holdings increased the number of units to be offered to 6,000,000 units from 5,000,000 units
China Yunhong Holdings increased the number of units to be offered to 6,000,000 units from 5,000,000 units
Imara Inc.14 Feb 20
Registration Statement Filed
Imara Inc. filed for an initial public offering with its filing of an S-1 with the Securities and Exchange Commission (SEC)
Imara Inc. filed for an initial public offering with its filing of an S-1 with the Securities and Exchange Commission (SEC)
LifeSci Acquisition Corp.14 Feb 20
Registration Statement Filed
LifeSci Acquisition Corp. filed for an initial public offering with its filing of an S-1 with the Securities and Exchange Commission (SEC)
LifeSci Acquisition Corp. filed for an initial public offering with its filing of an S-1 with the Securities and Exchange Commission (SEC)
LifeSci Acquisition Corp.14 Feb 20
Shares Offered Disclosed
LifeSci Acquisition Corp. disclosed plans to offer 5,000,000 units, with each unit consisting of one share of common stock and one warrant
LifeSci Acquisition Corp. disclosed plans to offer 5,000,000 units, with each unit consisting of one share of common stock and one warrant
LifeSci Acquisition Corp.14 Feb 20
Underwriting Discount Disclosed
The underwriters received a discount of $0.55 per share (a gross spread of 5.5%) and a total of $2.75 mil for underwriting LifeSci Acquisition Corp.'s IPO
The underwriters received a discount of $0.55 per share (a gross spread of 5.5%) and a total of $2.75 mil for underwriting LifeSci Acquisition Corp.'s IPO
LifeSci Acquisition Corp.14 Feb 20
Other IPO Related
LifeSci Acquisition Corp. disclosed that the offer price for the units issued in its initial public offering will be $10.00 per unit
LifeSci Acquisition Corp. disclosed that the offer price for the units issued in its initial public offering will be $10.00 per unit
Vontier Corporation14 Feb 20
Registration Statement Filed
Vontier Corporation filed for an initial public offering with its filing of an S-1 with the Securities and Exchange Commission (SEC)
Vontier Corporation filed for an initial public offering with its filing of an S-1 with the Securities and Exchange Commission (SEC)
Muscle Maker, Inc.14 Feb 20
Shares Offered Decreased
Muscle Maker, Inc. decreased the number of common shares to be offered to 1,540,000 shares from 1,600,000 shares
Muscle Maker, Inc. decreased the number of common shares to be offered to 1,540,000 shares from 1,600,000 shares
Muscle Maker, Inc.14 Feb 20
Underwriting Discount Disclosed
The underwriters received a discount of $0.45 per share (a gross spread of 9%) and a total of $693,000 for underwriting Muscle Maker, Inc.'s IPO
The underwriters received a discount of $0.45 per share (a gross spread of 9%) and a total of $693,000 for underwriting Muscle Maker, Inc.'s IPO
Muscle Maker, Inc.14 Feb 20
IPO Price Disclosed
Muscle Maker, Inc. set the price of its downsized initial public offering of 1,540,000 shares at $5.00 per share for gross proceeds of $7.7 mil
Muscle Maker, Inc. set the price of its downsized initial public offering of 1,540,000 shares at $5.00 per share for gross proceeds of $7.7 mil
Churchill Capital Corp III13 Feb 20
Registration Statement Declared Effective
Churchill Capital Corp III's registration statement was declared effective by the Securities and Exchange Commission (SEC)
Churchill Capital Corp III's registration statement was declared effective by the Securities and Exchange Commission (SEC)
Newborn Acquisition Corp.13 Feb 20
Registration Statement Declared Effective
Newborn Acquisition Corp.'s registration statement was declared effective by the Securities and Exchange Commission (SEC)
Newborn Acquisition Corp.'s registration statement was declared effective by the Securities and Exchange Commission (SEC)
Huize Holding Limited13 Feb 20
Shares Offered Increased
Huize Holding Limited increased the number of American Depositary Shares to be offered to 5,250,000 from 4,650,000 shares
Huize Holding Limited increased the number of American Depositary Shares to be offered to 5,250,000 from 4,650,000 shares
Huize Holding Limited13 Feb 20
Underwriting Discount Disclosed
The underwriters received a discount of $0.84 per share (a gross spread of 8%) and a total of $4.41 mil for underwriting Huize Holding Limited's IPO
The underwriters received a discount of $0.84 per share (a gross spread of 8%) and a total of $4.41 mil for underwriting Huize Holding Limited's IPO
Huize Holding Limited13 Feb 20
IPO Price Disclosed
Huize Holding Limited set the price of its upsized initial public offering of 5,250,000 shares at $10.50 per share, which was within the $9.40 to $11.40 price range, for gross proceeds of $55.13 mil
Huize Holding Limited set the price of its upsized initial public offering of 5,250,000 shares at $10.50 per share, which was within the $9.40 to $11.40 price range, for gross proceeds of $55.13 mil
Revolution Medicines, Inc.13 Feb 20
Underwriting Discount Disclosed
The underwriters received a discount of $1.19 per share (a gross spread of 7%) and a total of $16.7 mil for underwriting Revolution Medicines, Inc.'s IPO
The underwriters received a discount of $1.19 per share (a gross spread of 7%) and a total of $16.7 mil for underwriting Revolution Medicines, Inc.'s IPO
Revolution Medicines, Inc.13 Feb 20
IPO Price Disclosed
Revolution Medicines, Inc. set the price of its upsized initial public offering of 14,000,000 shares at $17.00 per share, which was within the increased $16.00 to $17.00 price range, for gross proceeds of $238 mil
Revolution Medicines, Inc. set the price of its upsized initial public offering of 14,000,000 shares at $17.00 per share, which was within the increased $16.00 to $17.00 price range, for gross proceeds of $238 mil
Avadim Health, Inc.13 Feb 20
Other IPO Related
Avadim Health, Inc. has postponed its initial public offering
Avadim Health, Inc. has postponed its initial public offering
Churchill Capital Corp III12 Feb 20
Shares Offered Increased
Churchill Capital Corp III increased the number of units to be offered to 80,000,000 units from 60,000,000 units
Churchill Capital Corp III increased the number of units to be offered to 80,000,000 units from 60,000,000 units
CITIC Capital Acquisition Corp.12 Feb 20
Shares Offered Increased
CITIC Capital Acquisition Corp. increased the number of units to be offered to 24,000,000 units from 20,000,000 units
CITIC Capital Acquisition Corp. increased the number of units to be offered to 24,000,000 units from 20,000,000 units
Yunhong International12 Feb 20
Registration Statement Declared Effective
China Yunhong Holdings' registration statement was declared effective by the Securities and Exchange Commission (SEC)
China Yunhong Holdings' registration statement was declared effective by the Securities and Exchange Commission (SEC)
Revolution Medicines, Inc.12 Feb 20
Registration Statement Declared Effective
Revolution Medicines, Inc.'s registration statement was declared effective by the Securities and Exchange Commission (SEC)
Revolution Medicines, Inc.'s registration statement was declared effective by the Securities and Exchange Commission (SEC)
Muscle Maker, Inc.12 Feb 20
Registration Statement Declared Effective
Muscle Maker, Inc.'s registration statement was declared effective by the Securities and Exchange Commission (SEC)
Muscle Maker, Inc.'s registration statement was declared effective by the Securities and Exchange Commission (SEC)
Huize Holding Limited11 Feb 20
Registration Statement Declared Effective
Huize Holding Limited's registration statement was declared effective by the Securities and Exchange Commission (SEC)
Huize Holding Limited's registration statement was declared effective by the Securities and Exchange Commission (SEC)
Revolution Medicines, Inc.11 Feb 20
Shares Offered Increased
Revolution Medicines, Inc. increased the number of common shares to be offered to 14,000,000 from 10,000,000 shares
Revolution Medicines, Inc. increased the number of common shares to be offered to 14,000,000 from 10,000,000 shares
Revolution Medicines, Inc.11 Feb 20
Price Range Increased
Revolution Medicines, Inc. increased the anticipated price range for its IPO to $16.00 to $17.00 per share from $14.00 to $16.00 per share
Revolution Medicines, Inc. increased the anticipated price range for its IPO to $16.00 to $17.00 per share from $14.00 to $16.00 per share
Flying Eagle Acquisition Corp.11 Feb 20
Registration Statement Filed
Flying Eagle Acquisition Corp. filed for an initial public offering with its filing of an S-1 with the Securities and Exchange Commission (SEC)
Flying Eagle Acquisition Corp. filed for an initial public offering with its filing of an S-1 with the Securities and Exchange Commission (SEC)
Flying Eagle Acquisition Corp.11 Feb 20
Shares Offered Disclosed
Flying Eagle Acquisition Corp. disclosed plans to offer 50,000,000 units, with each unit consisting of one share of Class A common stock and one-fourth of one redeemable warrant
Flying Eagle Acquisition Corp. disclosed plans to offer 50,000,000 units, with each unit consisting of one share of Class A common stock and one-fourth of one redeemable warrant
Flying Eagle Acquisition Corp.11 Feb 20
Underwriting Discount Disclosed
The underwriters received a discount of $0.55 per share (a gross spread of 5.5%) and a total of $27.5 mil for underwriting Flying Eagle Acquisition Corp.'s IPO
The underwriters received a discount of $0.55 per share (a gross spread of 5.5%) and a total of $27.5 mil for underwriting Flying Eagle Acquisition Corp.'s IPO
Flying Eagle Acquisition Corp.11 Feb 20
Other IPO Related
Flying Eagle Acquisition Corp. disclosed that the offer price for the units issued in its initial public offering will be $10.00 per unit
Flying Eagle Acquisition Corp. disclosed that the offer price for the units issued in its initial public offering will be $10.00 per unit
CITIC Capital Acquisition Corp.10 Feb 20
Registration Statement Declared Effective
CITIC Capital Acquisition Corp.'s registration statement was declared effective by the Securities and Exchange Commission (SEC)
CITIC Capital Acquisition Corp.'s registration statement was declared effective by the Securities and Exchange Commission (SEC)
Greenrose Acquisition Corp.10 Feb 20
Registration Statement Declared Effective
Greenrose Acquisition Corp.'s registration statement was declared effective by the Securities and Exchange Commission (SEC)
Greenrose Acquisition Corp.'s registration statement was declared effective by the Securities and Exchange Commission (SEC)
NexPoint Real Estate Finance, Inc.10 Feb 20
Underwriting Discount Disclosed
The underwriters received a discount of $1.33 per share (a gross spread of 7%) and a total of $6.3 mil for underwriting NexPoint Real Estate Finance, Inc.'s IPO
The underwriters received a discount of $1.33 per share (a gross spread of 7%) and a total of $6.3 mil for underwriting NexPoint Real Estate Finance, Inc.'s IPO
NexPoint Real Estate Finance, Inc.10 Feb 20
IPO Price Disclosed
NexPoint Real Estate Finance, Inc. set the price of its initial public offering of 5,000,000 shares at $19.00 per share, which was within the $19.00 to $21.00 price range, for gross proceeds of $95 mil
NexPoint Real Estate Finance, Inc. set the price of its initial public offering of 5,000,000 shares at $19.00 per share, which was within the $19.00 to $21.00 price range, for gross proceeds of $95 mil
OneWater Marine Inc.10 Feb 20
Underwriting Discount Disclosed
The underwriters received a discount of $0.84 per share (a gross spread of 7%) and a total of $3.9 mil for underwriting OneWater Marine Inc.'s IPO
The underwriters received a discount of $0.84 per share (a gross spread of 7%) and a total of $3.9 mil for underwriting OneWater Marine Inc.'s IPO
OneWater Marine Inc.10 Feb 20
IPO Price Disclosed
OneWater Marine Inc. set the price of its initial public offering of 4,615,385 shares at $12.00 per share, which was within the significantly reduced $12.00 to $14.00 price range, for gross proceeds of $55.4 mil
OneWater Marine Inc. set the price of its initial public offering of 4,615,385 shares at $12.00 per share, which was within the significantly reduced $12.00 to $14.00 price range, for gross proceeds of $55.4 mil
F5 Finishes, Inc.07 Feb 20
Shares Offered Decreased
F5 Finishes, Inc. decreased the number of common shares to be offered to 4,000,000 shares from 5,000,000 shares
F5 Finishes, Inc. decreased the number of common shares to be offered to 4,000,000 shares from 5,000,000 shares
F5 Finishes, Inc.07 Feb 20
Price Range Decreased
F5 Finishes, Inc. decreased the anticipated price range for its IPO to between $5.00 per share from $7.00 to $8.00 per share
F5 Finishes, Inc. decreased the anticipated price range for its IPO to between $5.00 per share from $7.00 to $8.00 per share
Priam Properties Inc.07 Feb 20
Other IPO Related
Priam Properties Inc. has filed a registration statement amendment that removed the original total number of shares to be offered and the original price range information as well as changing the underwriters and the underwriter's counsel
Priam Properties Inc. has filed a registration statement amendment that removed the original total number of shares to be offered and the original price range information as well as changing the underwriters and the underwriter's counsel
The AZEK Company Inc.07 Feb 20
Registration Statement Filed
The AZEK Company Inc. filed for an initial public offering with its filing of an S-1 with the Securities and Exchange Commission (SEC)
The AZEK Company Inc. filed for an initial public offering with its filing of an S-1 with the Securities and Exchange Commission (SEC)
Professional Holding Corp.07 Feb 20
Underwriting Discount Disclosed
The underwriters received a discount of $1.295 per share (a gross spread of 7%) and a total of $4 mil for underwriting Professional Holding Corp.'s IPO
The underwriters received a discount of $1.295 per share (a gross spread of 7%) and a total of $4 mil for underwriting Professional Holding Corp.'s IPO
Professional Holding Corp.07 Feb 20
IPO Price Disclosed
Professional Holding Corp. set the price of its initial public offering of 3,100,000 shares at $18.50 per share, which is 2.6% below the low end of its $19.00 to $21.00 price range, for gross proceeds of $57.35 mil
Professional Holding Corp. set the price of its initial public offering of 3,100,000 shares at $18.50 per share, which is 2.6% below the low end of its $19.00 to $21.00 price range, for gross proceeds of $57.35 mil
Casper Sleep Inc.07 Feb 20
Underwriting Discount Disclosed
The underwriters received a discount of $0.78 per share (a gross spread of 7%) and a total of $6.5 mil for underwriting Casper Sleep Inc.'s IPO
The underwriters received a discount of $0.78 per share (a gross spread of 7%) and a total of $6.5 mil for underwriting Casper Sleep Inc.'s IPO
Casper Sleep Inc.07 Feb 20
IPO Price Disclosed
Casper Sleep Inc. set the price of its initial public offering of 8,350,000 shares at $12.00 per share, which was within the significantly reduced $12.00 to $13.00 price range, for gross proceeds of $100 mil
Casper Sleep Inc. set the price of its initial public offering of 8,350,000 shares at $12.00 per share, which was within the significantly reduced $12.00 to $13.00 price range, for gross proceeds of $100 mil
Beam Therapeutics Inc.07 Feb 20
Shares Offered Increased
Beam Therapeutics Inc. increased the number of common shares to be offered to 10,588,236 from 9,250,000 shares
Beam Therapeutics Inc. increased the number of common shares to be offered to 10,588,236 from 9,250,000 shares
Beam Therapeutics Inc.07 Feb 20
Underwriting Discount Disclosed
The underwriters received a discount of $1.19 per share (a gross spread of 7%) and a total of $12.6 mil for underwriting Beam Therapeutics Inc.'s IPO
The underwriters received a discount of $1.19 per share (a gross spread of 7%) and a total of $12.6 mil for underwriting Beam Therapeutics Inc.'s IPO
Beam Therapeutics Inc.07 Feb 20
IPO Price Disclosed
Beam Therapeutics Inc. set the price of its upsized initial public offering of 10,588,236 shares at $17.00 per share, which was within the $15.00 to $17.00 price range, for gross proceeds of $180 mil
Beam Therapeutics Inc. set the price of its upsized initial public offering of 10,588,236 shares at $17.00 per share, which was within the $15.00 to $17.00 price range, for gross proceeds of $180 mil
Huize Holding Limited06 Feb 20
Shares Offered Disclosed
Huize Holding Limited disclosed plans to offer 4,650,000 American Depositary Shares (ADS) with each ADS representing 20 Class A ordinary share
Huize Holding Limited disclosed plans to offer 4,650,000 American Depositary Shares (ADS) with each ADS representing 20 Class A ordinary share
Huize Holding Limited06 Feb 20
Price Range Disclosed
Huize Holding Limited set the anticipated price range for its IPO at $9.40 to $11.40 per American Depositary Share
Huize Holding Limited set the anticipated price range for its IPO at $9.40 to $11.40 per American Depositary Share
Schrodinger, Inc.06 Feb 20
Shares Offered Increased
Schrodinger, Inc. increased the number of common shares to be offered to 11,882,352 from 10,000,000 shares
Schrodinger, Inc. increased the number of common shares to be offered to 11,882,352 from 10,000,000 shares
Schrodinger, Inc.06 Feb 20
Underwriting Discount Disclosed
The underwriters received a discount of $1.19 per share (a gross spread of 7%) and a total of $14.1 mil for underwriting Schrodinger, Inc.'s IPO
The underwriters received a discount of $1.19 per share (a gross spread of 7%) and a total of $14.1 mil for underwriting Schrodinger, Inc.'s IPO
Schrodinger, Inc.06 Feb 20
IPO Price Disclosed
Schrodinger, Inc. set the price of its initial public offering of 11,882,352 shares at $17.00 per share, which is 6.25% above the high end of its $14.00 to $16.00 price range, for gross proceeds of $202 mil
Schrodinger, Inc. set the price of its initial public offering of 11,882,352 shares at $17.00 per share, which is 6.25% above the high end of its $14.00 to $16.00 price range, for gross proceeds of $202 mil
NexPoint Real Estate Finance, Inc.06 Feb 20
Registration Statement Declared Effective
NexPoint Real Estate Finance, Inc.'s registration statement was declared effective by the Securities and Exchange Commission (SEC)
NexPoint Real Estate Finance, Inc.'s registration statement was declared effective by the Securities and Exchange Commission (SEC)
OneWater Marine Inc.06 Feb 20
Registration Statement Declared Effective
OneWater Marine Inc.'s registration statement was declared effective by the Securities and Exchange Commission (SEC)
OneWater Marine Inc.'s registration statement was declared effective by the Securities and Exchange Commission (SEC)
Professional Holding Corp.06 Feb 20
Registration Statement Declared Effective
Professional Holding Corp.'s registration statement was declared effective by the Securities and Exchange Commission (SEC)
Professional Holding Corp.'s registration statement was declared effective by the Securities and Exchange Commission (SEC)
Warner Music Group Corp.06 Feb 20
Registration Statement Filed
Warner Music Group Corp. filed for an initial public offering with its filing of an S-1 with the Securities and Exchange Commission (SEC)
Warner Music Group Corp. filed for an initial public offering with its filing of an S-1 with the Securities and Exchange Commission (SEC)
PPD, Inc.06 Feb 20
Underwriting Discount Disclosed
The underwriters received a discount of $1.215 per share (a gross spread of 7%) and a total of $72.9 mil for underwriting PPD, Inc.'s IPO
The underwriters received a discount of $1.215 per share (a gross spread of 7%) and a total of $72.9 mil for underwriting PPD, Inc.'s IPO
PPD, Inc.06 Feb 20
IPO Price Disclosed
PPD, Inc. set the price of its initial public offering of 60,000,000 shares at $27.00 per share, which was within the $24.00 to $27.00 price range, for gross proceeds of $1.62 bil
PPD, Inc. set the price of its initial public offering of 60,000,000 shares at $27.00 per share, which was within the $24.00 to $27.00 price range, for gross proceeds of $1.62 bil
InterPrivate Acquisition Corp.05 Feb 20
Shares Offered Increased
InterPrivate Acquisition Corp. increased the number of units to be offered to 17,500,000 units from 21,000,000 units
InterPrivate Acquisition Corp. increased the number of units to be offered to 17,500,000 units from 21,000,000 units
Schrodinger, Inc.05 Feb 20
Registration Statement Declared Effective
Schrodinger, Inc. registration statement was declared effective by the Securities and Exchange Commission (SEC)
Schrodinger, Inc. registration statement was declared effective by the Securities and Exchange Commission (SEC)
Casper Sleep Inc.05 Feb 20
Price Range Decreased
Casper Sleep Inc. decreased the anticipated price range for its IPO to between $12.00 to $13.00 per share from $17.00 to $19.00 per share
Casper Sleep Inc. decreased the anticipated price range for its IPO to between $12.00 to $13.00 per share from $17.00 to $19.00 per share
Casper Sleep Inc.05 Feb 20
Registration Statement Declared Effective
Casper Sleep Inc.'s registration statement was declared effective by the Securities and Exchange Commission (SEC)
Casper Sleep Inc.'s registration statement was declared effective by the Securities and Exchange Commission (SEC)
Beam Therapeutics Inc.05 Feb 20
Shares Offered Increased
Beam Therapeutics Inc. increased the number of common shares to be offered to 9,250,000 from 6,250,000 shares
Beam Therapeutics Inc. increased the number of common shares to be offered to 9,250,000 from 6,250,000 shares
Beam Therapeutics Inc.05 Feb 20
Registration Statement Declared Effective
Beam Therapeutics Inc.'s registration statement was declared effective by the Securities and Exchange Commission (SEC)
Beam Therapeutics Inc.'s registration statement was declared effective by the Securities and Exchange Commission (SEC)
PPD, Inc.05 Feb 20
Registration Statement Declared Effective
PPD, Inc.'s registration statement was declared effective by the Securities and Exchange Commission (SEC)
PPD, Inc.'s registration statement was declared effective by the Securities and Exchange Commission (SEC)
KCI Holdings, Inc.04 Feb 20
IPO Withdrawn
KCI Holdings, Inc. withdrew its initial public offering as the company was acquired by 3M for $6.7 bil, including the assumption of debt effective October 11, 2019
KCI Holdings, Inc. withdrew its initial public offering as the company was acquired by 3M for $6.7 bil, including the assumption of debt effective October 11, 2019
Passage Bio, Inc.03 Feb 20
Registration Statement Filed
Passage Bio, Inc. filed for an initial public offering with its filing of an S-1 with the Securities and Exchange Commission (SEC)
Passage Bio, Inc. filed for an initial public offering with its filing of an S-1 with the Securities and Exchange Commission (SEC)
Revolution Medicines, Inc.03 Feb 20
Shares Offered Disclosed
Revolution Medicines, Inc. disclosed plans to offer 10,000,000 common shares to the public
Revolution Medicines, Inc. disclosed plans to offer 10,000,000 common shares to the public
Revolution Medicines, Inc.03 Feb 20
Price Range Disclosed
Revolution Medicines, Inc. set the anticipated price range for its IPO at $14.00 to $16.00 per share
Revolution Medicines, Inc. set the anticipated price range for its IPO at $14.00 to $16.00 per share
InterPrivate Acquisition Corp.03 Feb 20
Registration Statement Declared Effective
InterPrivate Acquisition Corp. registration statement was declared effective by the Securities and Exchange Commission (SEC)
InterPrivate Acquisition Corp. registration statement was declared effective by the Securities and Exchange Commission (SEC)
1Life Healthcare, Inc.03 Feb 20
Underwriting Discount Disclosed
The underwriters received a discount of $0.91 per share (a gross spread of 6.5%) and a total of $15.93 mil for underwriting 1Life Healthcare, Inc.'s IPO
The underwriters received a discount of $0.91 per share (a gross spread of 6.5%) and a total of $15.93 mil for underwriting 1Life Healthcare, Inc.'s IPO
1Life Healthcare, Inc.03 Feb 20
IPO Price Disclosed
1Life Healthcare, Inc. set the price of its initial public offering of 17,500,000 shares at $14.00 per share, which was within the $14.00 to $16.00 price range, for gross proceeds of $245 mil
1Life Healthcare, Inc. set the price of its initial public offering of 17,500,000 shares at $14.00 per share, which was within the $14.00 to $16.00 price range, for gross proceeds of $245 mil
dMY Technology Group, Inc.31 Jan 20
Registration Statement Filed
dMY Technology Group, Inc. filed for an initial public offering with its filing of an S-1 with the Securities and Exchange Commission (SEC)
dMY Technology Group, Inc. filed for an initial public offering with its filing of an S-1 with the Securities and Exchange Commission (SEC)
dMY Technology Group, Inc.31 Jan 20
Shares Offered Disclosed
dMY Technology Group, Inc. disclosed plans to offer 20,000,000 units, with each unit consisting of one share of Class A common stock and one-half of one redeemable warrant
dMY Technology Group, Inc. disclosed plans to offer 20,000,000 units, with each unit consisting of one share of Class A common stock and one-half of one redeemable warrant
Corporate Governance Reports
Top Takeover Defense Changes of 2019 - 01/14/2020
Deal Point Data continuously tracks changes to corporate charters and bylaws for key governance and takeover defense changes. With much of the conversation surrounding corporate governance shifting away from shareholder rights to social and environmental issues, the volume of defense changes and updates to governing documents in general declined for companies of all sizes for a second year in a row. Read more
Top Takeover Defense Changes of 2018 - 01/14/2019
A review of Deal Point Data defense change and disclosure data for S&P 1500 companies in 2018 yields a few observations including governance best practices adopted by large cap companies continuing to trickle down to smaller companies, companies of all sizes are concerned with stockholder lawsuits, and absent traditional structural defenses, large cap companies are focusing on bylaw language, with very limited participation by stockholders. Read more
Votes to Ratify Poison Pills Have Become Routine as Plans
Evolve - 12/19/2018
It’s hard to believe that the votes associated with what was once the most controversial item in the corporate governance landscape have become downright routine. Since January 1, 2017, 74 out of the 75 company proposals to approve a poison pill (aka a shareholder rights plan) passed and the lone proposal that was voted down comes with an asterisk because it was not a typical vote. Read more
Peak Proxy Access Nomination Season - 10/31/2018
Governance activists waged a hard-fought battle to establish proxy access at public companies and ultimately succeeded as proxy access has been widely adopted. It is therefore rather surprising that we have yet to have a proxy access nomination go to an actual vote. If it is going to happen in the 2019 proxy season, we’re likely to know soon as we’ve entered the part of the calendar where proxy access notice windows are opening. Read more
Securities Offerings
IPOs - Record Unicorn Issuance
The first half of 2019 saw the début of 83 companies listing on U.S. stock exchanges through initial public offerings. The companies raised $34.3 billion a 9.4% decrease over the first six months of 2018. These statistics exclude Special Purpose Acquisition companies. Included in this cohort where 10 “Unicorns”, private companies, such as Uber, with pre-IPO valuations of at least one billion. According to Deal Point Data, this is the most Unicorn issues since IPO records began in 1980. Morgan Stanley topped the Deal Point Data U.S. IPO underwriting league table for the first half of 2019. Cooley was the number one ranked legal counsel to issuers while Davis Polk was the leading counsel to underwriters.
High-Yield Bonds
The dollar value of new issues of SEC registered high-yield bonds fell by 46.8% to $16.2 billion during the first six months of 2019 on a year-over-year basis. On a sequential basis, the dollar value increased by 62.6% compared to the dismal second half of 2018..