Sunshine Act Meetings, 25291 [2024-07645]

Download as PDF Federal Register / Vol. 89, No. 70 / Wednesday, April 10, 2024 / Notices Date: April 4, 2024; Filing Authority: 39 U.S.C. 3642, 39 CFR 3040.130 through 3040.135, and 39 CFR 3035.105; Public Representative: Kenneth R. Moeller; Comments Due: April 12, 2024. 2. Docket No(s).: MC2024–222 and CP2024–228; Filing Title: USPS Request to Add Priority Mail & USPS Ground Advantage Contract 211 to Competitive Product List and Notice of Filing Materials Under Seal; Filing Acceptance Date: April 4, 2024; Filing Authority: 39 U.S.C. 3642, 39 CFR 3040.130 through 3040.135, and 39 CFR 3035.105; Public Representative: Kenneth R. Moeller; Comments Due: April 12, 2024. This Notice will be published in the Federal Register. Erica A. Barker, Secretary. [FR Doc. 2024–07604 Filed 4–9–24; 8:45 am] BILLING CODE 7710–FW–P RAILROAD RETIREMENT BOARD Sunshine Act Meetings TIME AND DATE: 10:00 a.m., April 24, 2024. SECURITIES AND EXCHANGE COMMISSION [Release No. 34–99906; File No. SR–NYSE– 2024–18] Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of Proposed Rule Change To Amend Section 102.06 of the NYSE Listed Company Manual To Provide That a Special Purpose Acquisition Company Can Remain Listed Until Forty-Two Months From Its Original Listing Date if It Has Entered Into a Definitive Agreement With Respect to a Business Combination Within Three Years of Listing April 4, 2024. Pursuant to Section 19(b)(1) 1 of the Securities Exchange Act of 1934 (‘‘Act’’) 2 and Rule 19b–4 thereunder,3 notice is hereby given that on March 27, 2024, New York Stock Exchange LLC (‘‘NYSE’’ or the ‘‘Exchange’’) filed with the Securities and Exchange Commission (the ‘‘Commission’’) the proposed rule change as described in Items I, II, and III below, which Items have been prepared by the selfregulatory organization. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. Members of the public wishing to attend the meeting must submit a written request at least 24 hours prior to the meeting to receive dial-in information. All requests must be sent to SecretarytotheBoard@rrb.gov. PLACE: I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend Section 102.06 of the NYSE Listed Company Manual (‘‘Manual’’) to STATUS: This meeting will be open to the provide that a special purpose public. acquisition company (‘‘SPAC’’) can remain listed until forty-two months MATTERS TO BE CONSIDERED: from its original listing date if it has Welcome/Introduction of New Deputy entered into a definitive agreement with respect to a business combination Director of Programs within three years of listing. The text of Legislative and Budget Update—Office the proposed rule change is set forth in of Legislative Affairs Exhibit 5. The proposed rule change is CONTACT PERSON FOR MORE INFORMATION: available on the Exchange’s website at Stephanie Hillyard, Secretary to the www.nyse.com, at the principal office of Board, (312) 751–4920. the Exchange, and at the Commission’s Public Reference Room. Authority: 5 U.S.C. 552b. Dated: April 5, 2024. Stephanie Hillyard, Secretary to the Board. ddrumheller on DSK120RN23PROD with NOTICES1 [FR Doc. 2024–07645 Filed 4–8–24; 11:15 am] BILLING CODE 7905–01–P II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the self-regulatory organization included statements concerning the purpose of, and basis for, the proposed rule change and discussed any comments it received on the proposed rule change. The text 1 15 U.S.C. 78s(b)(1). U.S.C. 78a. 3 17 CFR 240.19b–4. 2 15 VerDate Sep<11>2014 18:10 Apr 09, 2024 Jkt 262001 PO 00000 Frm 00062 Fmt 4703 Sfmt 4703 25291 of those statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant parts of such statements. A. Self-Regulatory Organization’s Statement of the Purpose of, and the Statutory Basis for, the Proposed Rule Change 1. Purpose Section 102.06e of the Manual provides that the Exchange will promptly commence delisting procedures with respect to any listed SPAC that fails to consummate its Business Combination within (i) the time period specified by its constitutive documents or by contract or (ii) three years, whichever is shorter. For purposes of Section 102.06, a Business Combination is defined as a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more operating businesses or assets with a fair market value equal to at least 80% of the net assets held in trust by the SPAC (net of amounts disbursed to management for working capital purposes and excluding the amount of any deferred underwriting discount held in trust). Section 102.06e requires the Exchange to promptly commence delisting procedures even for listed SPACs that have entered into a definitive agreement with respect to a Business Combination within three years of their listing date, but that are unable to complete the transaction before the three-year deadline established by 102.06e. As a practical matter, any such NYSE-listed SPAC would need to liquidate, transfer to a market that provides a longer period of time to complete the Business Combination, or face delisting.4 The Exchange notes that Nasdaq’s SPAC listing requirements include a three-year limitation that is substantially similar to that included in the Exchange’s SPAC listing standard.5 However, Nasdaq appeal panels have granted additional time to SPACs that appeal their delisting for failure to consummate a Business Combination 4 The Exchange notes that the three-year limitation for a SPAC is established solely by Exchange rule, and that many SPACs have been able to extend their lives beyond three years either by shareholder approval or other mechanisms provided under their organizing documents. Even if approved by shareholders, any extension beyond three years does not circumvent Exchange rules which mandate delisting if a SPAC has not consummated a Business Combination within three years. 5 See Nasdaq IM 5101–2. E:\FR\FM\10APN1.SGM 10APN1

Agencies

Railroad Retirement Board

[Federal Register Volume 89, Number 70 (Wednesday, April 10, 2024)]
[Notices]
[Page 25291]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-07645]


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RAILROAD RETIREMENT BOARD


Sunshine Act Meetings

TIME AND DATE: 10:00 a.m., April 24, 2024.

PLACE: Members of the public wishing to attend the meeting must submit 
a written request at least 24 hours prior to the meeting to receive 
dial-in information. All requests must be sent to 
[email protected].

STATUS: This meeting will be open to the public.

MATTERS TO BE CONSIDERED: 

Welcome/Introduction of New Deputy Director of Programs
Legislative and Budget Update--Office of Legislative Affairs

CONTACT PERSON FOR MORE INFORMATION: Stephanie Hillyard, Secretary to 
the Board, (312) 751-4920.
    Authority: 5 U.S.C. 552b.

    Dated: April 5, 2024.
Stephanie Hillyard,
Secretary to the Board.
[FR Doc. 2024-07645 Filed 4-8-24; 11:15 am]
BILLING CODE 7905-01-P

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