Illinois Disaster Number IL-00016, 44797-44798 [E8-17547]
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Federal Register / Vol. 73, No. 148 / Thursday, July 31, 2008 / Notices
jlentini on PROD1PC65 with NOTICES
As discussed above, the Commission
received two comment letters on the
proposal, one in favor and one in
opposition. The Cadwalader Letter,
while supporting the proposal, urges the
Exchange to require SPACs to publicly
disclose the record date for shareholders
to vote on the business combination ten
days prior to such date. The
Commission notes that while exchanges
have rules requiring listed issuers to
notify the exchanges of their record date
for shareholder meetings, there are no
similar rules requiring listed issuers to
notify the public of such record date in
advance.21 Further, the Commission
notes that Rule 419 under the Securities
Act does not require blank check
companies to publicly notify their
shareholders of the record date for a
shareholders vote. The Commission
believes that any consideration of a
public notice requirement of record
dates should be conducted outside the
context of a particular SRO rule filing.
The NASAA Letter, as summarized
above, opposes the proposal due to the
historical abuses of blank check
companies. The Exchange states that it
would conduct a regulatory review of
each SPAC that applies to list securities
on the Exchange. Further, the Exchange
states that it would evaluate the
reputation of the SPAC’s sponsors and
underwriters to determine whether
initial listing is appropriate. Moreover,
the Exchange amended the proposal to
include conversion rights for public
shareholders, should they vote against a
business combination. The Commission
believes that the additional investor
protection standards, in addition to
Nasdaq’s initial listing standards,
should help to ensure that investors are
adequately protected.
V. Accelerated Approval
The Commission finds good cause for
approving the proposed rule change, as
modified by Amendment No. 1, before
the thirtieth day after the date of
publication of notice of filing thereof in
the Federal Register. In Amendment
No. 1 the Exchange proposed to: (1)
Amend the amount of gross proceeds
that must be deposited from 100% to
90%; (2) clarify the period in which the
SPAC must complete one or more
business combinations; and (3) require
that all listed SPACs contain provisions
allowing public shareholders to convert
their shares into cash if they vote
against a business combination. The
Commission believes that Amendment
No. 1 raises no new or novel regulatory
21 See
Amex Company Guide Sections 502 and
703 and NYSE Listed Company Manual Section
401.02.
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issues. The Commission notes that the
amendment to the amount of the deposit
account is consistent with Rule 419
under the Securities Act and NYSE
initial listing standards for SPAC
securities.22 The Exchange also clarified
the time period in which SPACs must
complete business combinations.
Finally, the Commission notes that the
public shareholder conversion right is
consistent with the NYSE initial listing
standards for SPAC securities and
provides further investor protections for
investors in SPAC securities.23 The
Commission finds that the filing, as
modified by Amendment No. 1, is
consistent with the protection of
investors and the public interest.
Accordingly, the Commission finds
good cause, consistent with section
19(b)(2) of the Act,24 to approve the
proposed rule change, as modified by
Amendment No. 1, on an accelerated
basis.
communications relating to the
proposed rule change between the
Commission and any person, other than
those that may be withheld from the
public in accordance with the
provisions of 5 U.S.C. 552, will be
available for inspection and copying in
the Commission’s Public Reference
Room, 100 F Street, NE., Washington,
DC 20549, on official business days
between the hours of 10 a.m. and 3 p.m.
Copies of such filing also will be
available for inspection and copying at
the principal office of the Exchange. All
comments received will be posted
without change; the Commission does
not edit personal identifying
information from submissions. You
should submit only information that
you wish to make available publicly. All
submissions should refer to File
Number SR–NASDAQ–2008–013 and
should be submitted on or before
August 21, 2008.
VI. Solicitation of Comments
Interested persons are invited to
submit written data, views, and
arguments concerning the foregoing,
including whether the filing, as
modified by Amendment No. 1, is
consistent with the Act. Comments may
be submitted by any of the following
methods:
VII. Conclusion
Electronic Comments
• Use the Commission’s Internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an e-mail to rulecomments@sec.gov. Please include File
Number SR–NASDAQ–2008–013 on the
subject line.
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street, NE.,
Washington, DC 20549–1090.
All submissions should refer to File
Number SR–NASDAQ–2008–013. This
file number should be included on the
subject line if e-mail is used. To help the
Commission process and review your
comments more efficiently, please use
only one method. The Commission will
post all comments on the Commission’s
Internet Web site (https://www.sec.gov/
rules/sro.shtml). Copies of the
submission, all subsequent
amendments, all written statements
with respect to the proposed rule
change that are filed with the
Commission, and all written
22 See NYSE Listed Company Manual Section
102.06.
23 See id.
24 15 U.S.C. 78s(b)(2).
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Based on the foregoing, the
Commission finds the proposal is
consistent with the requirements of the
Act and should provide for the initial
listing of securities of SPACs with
baseline investor protection and other
standards.
It is therefore ordered, pursuant to
section 19(b)(2) of the Act,25 that the
proposed rule change, as modified by
Amendment No. 1 (SR–NASDAQ–2008–
013) is hereby approved on an
accelerated basis.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.26
Florence E. Harmon,
Acting Secretary.
[FR Doc. E8–17502 Filed 7–30–08; 8:45 am]
BILLING CODE 8010–01–P
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration # 11308]
Illinois Disaster Number IL–00016
U.S. Small Business
Administration.
ACTION: Amendment 2.
AGENCY:
SUMMARY: This is an amendment of the
Presidential declaration of a major
disaster for Public Assistance Only for
the State of Illinois (FEMA–1771–DR),
dated 06/24/2008.
Incident: Severe Storms and Flooding.
Incident Period: 06/01/2008 and
continuing.
25 15
26 17
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U.S.C. 78s(b)(2).
CFR 200.30–3(a)(12).
31JYN1
44798
Federal Register / Vol. 73, No. 148 / Thursday, July 31, 2008 / Notices
Effective Date: 07/16/2008.
Physical Loan Application Deadline
Date: 08/25/2008.
ADDRESSES: Submit completed loan
applications to: U.S. Small Business
Administration, Processing and
Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
409 3rd Street, SW., Suite 6050,
Washington, DC 20416.
SUPPLEMENTARY INFORMATION: The notice
of the President’s major disaster
declaration for Private Non-Profit
organizations in the State of Illinois,
dated 06/24/2008, is hereby amended to
include the following areas as adversely
affected by the disaster.
Primary Counties:
Lake, Madison, Monroe, Randolph,
Saint Clair.
All other information in the original
declaration remains unchanged.
(Catalog of Federal Domestic Assistance
Number 59008)
Herbert L. Mitchell,
Associate Administrator for Disaster
Assistance.
[FR Doc. E8–17547 Filed 7–30–08; 8:45 am]
BILLING CODE 8025–01–P
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #11310]
Minnesota Disaster Number MN–00015
U.S. Small Business
Administration.
ACTION: Amendment 2.
jlentini on PROD1PC65 with NOTICES
AGENCY:
SUMMARY: This is an amendment of the
Presidential declaration of a major
disaster for Public Assistance Only for
the State of Minnesota (FEMA–1772–
DR), dated 06/25/2008.
Incident: Severe Storms and Flooding.
Incident Period: 06/07/2008 through
06/12/2008.
Effective Date: 07/16/2008.
Physical Loan Application Deadline
Date: 08/25/2008.
ADDRESSES: Submit completed loan
applications to: U.S. Small Business
Administration, Processing and
Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
409 3rd Street, SW., Suite 6050,
Washington, DC 20416.
SUPPLEMENTARY INFORMATION: The notice
of the President’s major disaster
VerDate Aug<31>2005
15:53 Jul 30, 2008
Jkt 214001
declaration for Private Non-Profit
organizations in the State of Minnesota,
dated 06/25/2008, is hereby amended to
include the following areas as adversely
affected by the disaster.
Primary Counties:
Nobles.
All other information in the original
declaration remains unchanged.
(Catalog of Federal Domestic Assistance
Number 59008)
Herbert L. Mitchell,
Associate Administrator for Disaster
Assistance.
[FR Doc. E8–17546 Filed 7–30–08; 8:45 am]
BILLING CODE 8025–01–P
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #11311 and #11312]
Missouri Disaster Number MO–00030
U.S. Small Business
Administration.
ACTION: Amendment 3.
AGENCY:
SUMMARY: This is an amendment of the
Presidential declaration of a major
disaster for the State of Missouri
(FEMA–1773–DR), dated 06/28/2008.
Incident: Severe Storms and Flooding.
Incident Period: 06/01/2008 and
continuing through 07/18/2008.
Effective Date: 07/18/2008.
Physical Loan Application Deadline
Date: 08/27/2008.
EIDL Loan Application Deadline Date:
03/30/2009.
ADDRESSES: Submit completed loan
applications to: U.S. Small Business
Administration, Processing and
Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
409 3rd Street, SW., Suite 6050,
Washington, DC 20416.
SUPPLEMENTARY INFORMATION: The notice
of the President’s major disaster
declaration for the State of Missouri,
dated 06/28/2008 is hereby amended to
establish the incident period for this
disaster as beginning 06/01/2008 and
continuing through 07/18/2008.
All other information in the original
declaration remains unchanged.
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
Herbert L. Mitchell,
Associate Administrator for Disaster
Assistance.
[FR Doc. E8–17538 Filed 7–30–08; 8:45 am]
BILLING CODE 8025–01–P
PO 00000
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Sfmt 4703
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #11309]
Missouri Disaster Number MO–00029.
U.S. Small Business
Administration.
ACTION: Amendment 2.
AGENCY:
SUMMARY: This is an amendment of the
Presidential declaration of a major
disaster for Public Assistance Only for
the State of Missouri (FEMA–1773–DR),
dated 06/25/2008.
Incident: Severe Storms and Flooding.
Incident Period: 06/01/2008 through
07/18/2008.
Effective Date: 07/18/2008.
Physical Loan Application Deadline
Date: 08/25/2008.
ADDRESSES: Submit completed loan
applications to: U.S. Small Business
Administration, Processing and
Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
409 3rd Street, SW., Suite 6050,
Washington, DC 20416.
SUPPLEMENTARY INFORMATION: The notice
of the President’s major disaster
declaration for Private Non-Profit
organizations in the State of MISSOURI,
dated 06/25/2008, is hereby amended to
establish the incident period for this
disaster as beginning 06/01/2008 and
continuing through 07/18/2008.
All other information in the original
declaration remains unchanged.
(Catalog of Federal Domestic Assistance
Number 59008)
Herbert L. Mitchell,
Associate Administrator for Disaster
Assistance.
[FR Doc. E8–17548 Filed 7–30–08; 8:45 am]
BILLING CODE 8025–01–P
DEPARTMENT OF STATE
[Public Notice 6305]
Determination and Certification
Related to Colombian Armed Forces
Under Section 556 of the Foreign
Operations, Export Financing, and
Related Programs Appropriations Act,
2006 (Pub. L. 109–102) as Carried
Forward in the Revised Continuing
Appropriations Resolution, 2007 (Pub.
L. 110–5) and Section 649 of the
Department of State, Foreign
Operations, and Related Programs
Appropriations Act, 2008 (Div. J, Pub.
L. 110–161).
Pursuant to the authority vested in the
Secretary of State, including under
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]]>Agencies
[Federal Register Volume 73, Number 148 (Thursday, July 31, 2008)]
[Notices]
[Pages 44797-44798]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-17547]
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SMALL BUSINESS ADMINISTRATION
[Disaster Declaration 11308]
Illinois Disaster Number IL-00016
AGENCY: U.S. Small Business Administration.
ACTION: Amendment 2.
-----------------------------------------------------------------------
SUMMARY: This is an amendment of the Presidential declaration of a
major disaster for Public Assistance Only for the State of Illinois
(FEMA-1771-DR), dated 06/24/2008.
Incident: Severe Storms and Flooding.
Incident Period: 06/01/2008 and continuing.
[[Page 44798]]
Effective Date: 07/16/2008.
Physical Loan Application Deadline Date: 08/25/2008.
ADDRESSES: Submit completed loan applications to: U.S. Small Business
Administration, Processing and Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A. Escobar, Office of Disaster
Assistance, U.S. Small Business Administration, 409 3rd Street, SW.,
Suite 6050, Washington, DC 20416.
SUPPLEMENTARY INFORMATION: The notice of the President's major disaster
declaration for Private Non-Profit organizations in the State of
Illinois, dated 06/24/2008, is hereby amended to include the following
areas as adversely affected by the disaster.
Primary Counties:
Lake, Madison, Monroe, Randolph, Saint Clair.
All other information in the original declaration remains
unchanged.
(Catalog of Federal Domestic Assistance Number 59008)
Herbert L. Mitchell,
Associate Administrator for Disaster Assistance.
[FR Doc. E8-17547 Filed 7-30-08; 8:45 am]
BILLING CODE 8025-01-P
