article thumbnail

Interim Guidance on Stock Buyback Excise Tax Confirms Broad Application to M&A and Capital Market Transactions

Cooley M&A

1] On December 27, 2022, the Department of the Treasury (“Treasury”) and the IRS issued Notice 2023-2 (the “Notice”), providing interim guidance on the Excise Tax. SPAC stock issued in a private investment in public equity financing or in a deSPAC transaction) would reduce the Excise Tax under the “netting rule.”

article thumbnail

Nioko Resources Files Early Warning Report in Respect of Orezone Gold Corporation

Benzinga

of NI 62-104) of 92,743,855 Common Shares (the " Acquired Shares ") to be issued from treasury at a price of C$0.70 per Acquired Share for aggregate consideration of C$64,920,698.50 (the " Equity Financing "). The Acquired Shares are expected to represent approximately 19.99% of the Common.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Skadden Discusses the Impact of Banking System Turmoil

Reynolds Holding

banking system, according to Treasury Department officials. Some large private equity firms have said publicly that they are interested in providing capital to regional banks by buying loan assets. The runs on Silicon Valley Bank (SVB) and Signature Bank in March 2023 created a “very high” risk of contagion in the U.S.

Banking 40
article thumbnail

Sullivan & Cromwell Discusses the Implications for Financial Institutions of Proposed SEC Climate Disclosure Rules

Reynolds Holding

Of most importance for financial institutions, the identified categories also include downstream activities such as “investments” (Category 15 of the GHG Protocol’s Scope 3 emissions categories), which would capture financed emissions ( i.e. , emissions from companies to which the financial institution provides debt or equity financing).

Finance 45
article thumbnail

Wachtell Lipton Discusses Mergers and Acquisitions–2022 and 2023

Reynolds Holding

Department of the Treasury, which serves as Chair of CFIUS, for the first time released Enforcement and Penalty Guidelines that detail the process CFIUS will use to assess whether to impose (and the amount of) penalties, and set forth a list of aggravating and mitigating factors that will be considered. One month later, the U.S.

Equity 45
article thumbnail

Cooley’s 2024 Tech M&A Year in Review:We’re So Back (It’s So Over)

Cooley M&A

There were 19 take-privates of US-listed tech targets by private equity sponsors in 2024, up from 16 in 2023, and even approaching the 21 take-privates announced in each of the boom years of 2021 and 2022. [3] billion acquisition of Smartsheet. billion take-private of R1 RCM by TowerBrook and CD&R.

Equity 52