Information for Professional Advisers | ShareGift USA’s No Action Letter | Suggested Language for Corporate Documents

ShareGift USA prepared and submitted to the SEC a White Paper describing its activities. It posited that the inclusion of a ShareGift USA donation option in mergers, acquisitions, or other corporate transactions does not constitute a tender offer, proxy solicitation or underwriting. It sought a No Action Letter to give further comfort to corporations who may consider including ShareGift USA donation option in such transactions.

ShareGift USA was represented in this effort by Wachtell, Lipton, Rosen & Katz (“Wachtell, Lipton”) in connection with its application to the SEC. ShareGift USA wishes to express its profound thanks to Wachtell, Lipton for generously providing such services on a pro bono basis.

ShareGift USA was granted No Action relief in December 2008.

For additional information, please see the links below:

ShareGift USA White Paper Submission to the SEC

ShareGift USA No Action Letter Submission

ShareGift USA No Action Letter

Information for Professional Advisers | ShareGift USA’s No Action Letter | Suggested Language for Corporate Documents