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Arcutis Biotherapeutics | UPLOAD: Others

Arcutis Biotherapeutics | UPLOAD: Others

Arcutis Biotherapeutics | UPLOAD:其他
SEC announcement ·  01/23 14:37
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Arcutis Biotherapeutics, Inc. received comments from the United States Securities and Exchange Commission (SEC) regarding its Schedule TO-I filing on January 16, 2024. The SEC's letter, dated January 23, 2024, addressed to Todd Franklin Watanabe, the President and CEO of Arcutis, highlighted concerns over certain conditions in the company's Offer to Exchange. The SEC requested revisions to narrow or qualify broad conditions that could potentially lead to illusory offer concerns under Section 14(e) of the Exchange Act and Regulation 14E. Specifically, the SEC pointed out conditions related to general market suspensions, limitations on securities prices, governmental or regulatory limitations on credit extension, and the impact of wars or crises involving the United States. The SEC also noted a discrepancy in the timing...Show More
Arcutis Biotherapeutics, Inc. received comments from the United States Securities and Exchange Commission (SEC) regarding its Schedule TO-I filing on January 16, 2024. The SEC's letter, dated January 23, 2024, addressed to Todd Franklin Watanabe, the President and CEO of Arcutis, highlighted concerns over certain conditions in the company's Offer to Exchange. The SEC requested revisions to narrow or qualify broad conditions that could potentially lead to illusory offer concerns under Section 14(e) of the Exchange Act and Regulation 14E. Specifically, the SEC pointed out conditions related to general market suspensions, limitations on securities prices, governmental or regulatory limitations on credit extension, and the impact of wars or crises involving the United States. The SEC also noted a discrepancy in the timing of the announcement for an offer extension, advising compliance with Rule 14e-1(d) which requires announcements to be made no later than 9:00 a.m. Eastern time. Arcutis is responsible for the accuracy and adequacy of their disclosures and has been instructed to respond to the SEC's comments with the requested revisions or provide a rationale for why the comments may not apply to their situation.
Arcutis Biotherapeutics, Inc.收到了美国证券交易委员会(SEC)关于其于2024年1月16日提交的附表TO-I的评论。美国证券交易委员会于2024年1月23日致Arcutis总裁兼首席执行官渡边托德·富兰克林的信强调了对该公司交易要约中某些条件的担忧。根据《交易法》第14(e)条和第14E条,美国证券交易委员会要求进行修订,以缩小或限定可能导致虚幻报价担忧的广泛条件。具体而言,美国证券交易委员会指出了与普遍市场暂停、证券价格限制、政府或监管机构对信贷延期的限制以及涉及美国的战争或危机的影响相关的情况。美国证券交易委员会还注意到宣布延期要约的时间存在差异,建议遵守第14e-1(d)条,该规则要求在美国东部时间上午9点之前发布公告。Arcutis对其披露的准确性和充分性负责,并已被指示对美国证券交易委员会的评论做出回应,并按要求进行修订,或提供理由,说明这些评论可能不适用于他们的情况。
Arcutis Biotherapeutics, Inc.收到了美国证券交易委员会(SEC)关于其于2024年1月16日提交的附表TO-I的评论。美国证券交易委员会于2024年1月23日致Arcutis总裁兼首席执行官渡边托德·富兰克林的信强调了对该公司交易要约中某些条件的担忧。根据《交易法》第14(e)条和第14E条,美国证券交易委员会要求进行修订,以缩小或限定可能导致虚幻报价担忧的广泛条件。具体而言,美国证券交易委员会指出了与普遍市场暂停、证券价格限制、政府或监管机构对信贷延期的限制以及涉及美国的战争或危机的影响相关的情况。美国证券交易委员会还注意到宣布延期要约的时间存在差异,建议遵守第14e-1(d)条,该规则要求在美国东部时间上午9点之前发布公告。Arcutis对其披露的准确性和充分性负责,并已被指示对美国证券交易委员会的评论做出回应,并按要求进行修订,或提供理由,说明这些评论可能不适用于他们的情况。
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