Dec. 19, 2024 - Despite a strong start to the year, activist activity in Canada in 2024 tapered to pre-pandemic levels. This reversion to more historic annual totals follows a notable resurgence of shareholder demands directed at Canadian public companies in 2023, when shareholder engagement reached its...
Guide
Multijurisdictional Disclosure System: Offering Securities and Reporting in the United States Using MJDS
The multijurisdictional disclosure system (MJDS) permits eligible Canadian issuers to publicly offer securities in the United States by using a prospectus that is prepared principally in accordance with Canadian disclosure requirements. The MJDS also enables these issuers to substantially satisfy their reporting obligations by using their Canadian continuous disclosure documents under the cover of the applicable MJDS form. As a leading adviser on matters relating to the MJDS, Davies has updated this informative guide, which provides the reader with a general insight into offering securities and reporting in the United States using the MJDS. Topics addressed include the following:
- The preparation and filing of offering documents
- The types of offerings and the applicable forms
- The review and clearance of the offering documents by the applicable securities regulator
- Other U.S. regulation of MJDS offerings
- Annual and periodic U.S. reporting obligations for MJDS filers
Key Contacts
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Capital Markets Tribunal Establishes New Framework for Evaluating Poison Pills
Nov. 21, 2024 - The Ontario Capital Markets Tribunal recently released its highly anticipated reasons for cease trading a shareholder rights plan adopted by Bitfarms Ltd. (Bitfarms) with a 15% trigger (15% Rights Plan). In Riot Platforms, Inc. v. Bitfarms Ltd., 2024 ONCMT 27, the Tribunal exercised...
