The SEC's amendments to Rules 144 and 145, intended to make it easier and less expensive for companies to raise capital, will become effective on February 15, 2008. The amended rules will significantly liberalize resales of restricted securities and securities acquired in business combinations by allowing their holders to resell them more rapidly without registration under the Securities Act of 1933.
The amended rules will have immediate implications for public and private companies, shareholders, investment banks, asset managers, brokers and others. To help you understand them, there follows a brief discussion highlighting the rule changes along with a series of tables to use as easy reference tools.
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