How top startup lawyer Dawn Belt thinks about company-building in the age of SPACs
Dawn Belt has been working with top tech companies for two decades, most recently helping commercial electric vehicle company Proterra go public as a SPAC in January.
Now she’ll be joining us at TC Early Stage in April to talk about building a company in 2021, from however you incorporate to however you decide to maybe go public one day.
As a partner at Fenwick & West, a top Silicon Valley law firm, Belt works with startups of all ages, sizes and industries (two of her past IPOs include Facebook and Bill.com). She has also written legal perspectives on a wide range of other topics that startups face, including implications of the CARES Act, board diversity legal requirements and how to manage acquired startups successfully. She also co-authored the firm’s Gender Diversity Survey, an in-depth report on women’s participation at senior levels of public tech companies.
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Nasdaq Capital Market the rule
Phase-in Period
Under the proposed rule, a newly-listed company that was not previously subject to a substantially similar requirement of another national securities exchange would be allowed one year from the date of listing to satisfy the requirements. This “phase-in” period would apply to companies listing in connection with an initial public offering, a direct listing, a transfer from another exchange or the over-the-counter market, or through a business combination with certain acquisition companies (SPACs). Such companies would effectively have until the later of the general transition period discussed above or one year from the date of listing to satisfy the requirements.