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Frequently Asked Questions
  What is a change of control for purposes of the shareholder approval requirement of Listing Rule 5635(b)?
Identification Number 195
Generally, a change of control would occur when, as a result of the issuance, an investor or a group would own, or have the right to acquire, 20% or more of the outstanding shares of common stock or voting power and such ownership or voting power would be the largest ownership position. However, Nasdaq will consider all facts and circumstances concerning a transaction, including whether there are any other relationships or agreements between the company and the investor or group.
 
Publication Date*: 7/31/2012 Mailto Link Identification Number: 195
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