SEC Proposes Semiannual Reporting
On May 5, 2026, the SEC formally proposed allowing US public companies to file semiannual reports on a new Form 10-S in lieu of the quarterly Form 10-Q. SEC Chair Paul Atkins pitched it as part of his "Make IPOs Great Again" agenda. A 60-day comment period is now running.
U Media Acquisition
LITEON Technology (TWSE 2301) completed a tender offer to buy shares of common stock of U Media Communications (TPEX 6470). The transaction completed at approx. 40% of U Media’s shares, at a per-share price of NT$54.