83112 Federal Register / Vol. 85, No. 245 / Monday, December 21, 2020 / Notices 

1See Docket No. RM2018–3, Order Adopting 

Final Rules Relating to Non-Public Information, 

June 27, 2018, Attachment A at 19–22 (Order No. 

4679). 

Amend and Granting Motion to 

Dismiss), LBP–19–7 (Denial of 

Contentions) (Tentative) 

(Contact: Denise McGovern: 301–415– 

0681) 

Additional Information: By a vote of 

5–0 on December 15, 2020, the 

Commission determined pursuant to 5 

U.S.C. 552b(e)(1) and 10 CFR 9.107 that 

the above referenced Affirmation 

Session be held with less than one week 

notice to the public. The meeting will be 

held on December 17, 2020. Due to 

COVID–19, there will be no physical 

public attendance. The public is invited 

to attend the Commission’s meeting live 

via teleconference. Details for joining 

the teleconference in listen only mode 

can be found at https://www.nrc.gov/ 

pmns/mtg. 

c. Nuclear Development LC 

(Bellefonte Nuclear Plant, Units 1 

and 2), Request for Hearing in 

License Transfer Proceeding 

(Tentative) 

(Contact: Denise McGovern: 301–415– 

0681) 

Additional Information: By a vote of 

5–0 on December 17, 2020, the 

Commission determined pursuant to 5 

U.S.C. 552b(e)(1) and 10 CFR 9.107 that 

the above referenced Affirmation 

Session be held with less than one week 

notice to the public. The meeting will be 

held on December 17, 2020. Due to 

COVID–19, there will be no physical 

public attendance. The public is invited 

to attend the Commission’s meeting live 

via teleconference. Details for joining 

the teleconference in listen only mode 

can be found at https://www.nrc.gov/ 

pmns/mtg. 

Week of December 21, 2020—Tentative 

There are no meetings scheduled for 

the week of December 21, 2020. 

Week of December 28, 2020—Tentative 

There are no meetings scheduled for 

the week of December 28, 2020. 

Week of January 4, 2021—Tentative 

There are no meetings scheduled for 

the week of January 4, 2021. 

Week of January 11, 2021—Tentative 

There are no meetings scheduled for 

the week of January 11, 2021. 

Week of January 18, 2021—Tentative 

There are no meetings scheduled for 

the week of January 18, 2021. 

Week of January 25, 2021—Tentative 

There are no meetings scheduled for 

the week of January 25, 2021. 

CONTACT PERSON FOR MORE INFORMATION: 

For more information or to verify the 

status of meetings, contact Denise 

McGovern at 301–415–0681 or via email 

at Denise.McGovern@nrc.gov. The 

schedule for Commission meetings is 

subject to change on short notice. 

The NRC Commission Meeting 

Schedule can be found on the internet 

at: https://www.nrc.gov/public-involve/ 

public-meetings/schedule.html. 

The NRC provides reasonable 

accommodation to individuals with 

disabilities where appropriate. If you 

need a reasonable accommodation to 

participate in these public meetings or 

need this meeting notice or the 

transcript or other information from the 

public meetings in another format (e.g., 

braille, large print), please notify Anne 

Silk, NRC Disability Program Specialist, 

at 301–287–0745, by videophone at 

240–428–3217, or by email at 

Anne.Silk@nrc.gov. Determinations on 

requests for reasonable accommodation 

will be made on a case-by-case basis. 

Members of the public may request to 

receive this information electronically. 

If you would like to be added to the 

distribution, please contact the Nuclear 

Regulatory Commission, Office of the 

Secretary, Washington, DC 20555 (301– 

415–1969), or by email at Tyesha.Bush@

nrc.gov. The NRC is holding the 

meetings under the authority of the 

Government in the Sunshine Act, 5 

U.S.C. 552b. 

Dated: December 17, 2020. 

For the Nuclear Regulatory Commission. 

Denise L. McGovern, 

Policy Coordinator, Office of the Secretary. 

[FR Doc. 2020–28181 Filed 12–17–20; 11:15 am] 

BILLING CODE 7590–01–P 

POSTAL REGULATORY COMMISSION 

[Docket Nos. CP2020–183; CP2020–190; 

MC2021–47 and CP2021–49] 

New Postal Products 

AGENCY: Postal Regulatory Commission. 

ACTION: Notice. 

SUMMARY: The Commission is noticing a 

recent Postal Service filing for the 

Commission’s consideration concerning 

a negotiated service agreement. This 

notice informs the public of the filing, 

invites public comment, and takes other 

administrative steps. 

DATES: Comments are due: December 

23, 2020. 

ADDRESSES: Submit comments 

electronically via the Commission’s 

Filing Online system at http://

www.prc.gov. Those who cannot submit 

comments electronically should contact 

the person identified in the FOR FURTHER

INFORMATION CONTACT section by 

telephone for advice on filing 

alternatives. 

FOR FURTHER INFORMATION CONTACT: 

David A. Trissell, General Counsel, at 

202–789–6820. 

SUPPLEMENTARY INFORMATION: 

Table of Contents 

I. Introduction 

II. Docketed Proceeding(s) 

I. Introduction 

The Commission gives notice that the 

Postal Service filed request(s) for the 

Commission to consider matters related 

to negotiated service agreement(s). The 

request(s) may propose the addition or 

removal of a negotiated service 

agreement from the market dominant or 

the competitive product list, or the 

modification of an existing product 

currently appearing on the market 

dominant or the competitive product 

list. 

Section II identifies the docket 

number(s) associated with each Postal 

Service request, the title of each Postal 

Service request, the request’s acceptance 

date, and the authority cited by the 

Postal Service for each request. For each 

request, the Commission appoints an 

officer of the Commission to represent 

the interests of the general public in the 

proceeding, pursuant to 39 U.S.C. 505 

(Public Representative). Section II also 

establishes comment deadline(s) 

pertaining to each request. 

The public portions of the Postal 

Service’s request(s) can be accessed via 

the Commission’s website (http://

www.prc.gov). Non-public portions of 

the Postal Service’s request(s), if any, 

can be accessed through compliance 

with the requirements of 39 CFR 

3011.301.1

The Commission invites comments on 

whether the Postal Service’s request(s) 

in the captioned docket(s) are consistent 

with the policies of title 39. For 

request(s) that the Postal Service states 

concern market dominant product(s), 

applicable statutory and regulatory 

requirements include 39 U.S.C. 3622, 39 

U.S.C. 3642, 39 CFR part 3030, and 39 

CFR part 3040, subpart B. For request(s) 

that the Postal Service states concern 

competitive product(s), applicable 

statutory and regulatory requirements 

include 39 U.S.C. 3632, 39 U.S.C. 3633, 

39 U.S.C. 3642, 39 CFR part 3035, and 

39 CFR part 3040, subpart B. Comment 

deadline(s) for each request appear in 

section II. 

Federal Register / Vol. 85, No. 245 / Monday, December 21, 2020 / Notices 83113 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 89897 

(September 16, 2020), 85 FR 59574. 

4 15 U.S.C. 78s(b)(2). 

5See Securities Exchange Act Release No. 90340, 

85 FR 71704 (November 10, 2020). 

6 15 U.S.C. 78s(b)(2)(B). 

7See Securities Exchange Act Release No. 58228 

(July 25, 2008), 73 FR 44794 (July 31, 2008) 

(adopting the predecessor to IM–5101–2). 

8See Nasdaq IM–5101–2(a). 

9See Nasdaq IM–5101–2(b). 

10See Nasdaq IM–5101–2(d). If a shareholder vote 

on the business combination is held, public 

shareholders voting against a business combination 

must have the right to convert their shares of 

common stock into a pro rata share of the aggregate 

amount then in the escrow account (net of taxes 

payable and amounts distributed to management for 

working capital purposes) if the business 

combination is approved and consummated. Id. If 

a shareholder vote on the business combination is 

not held, the company must provide all 

shareholders with the opportunity to redeem their 

shares for cash equal to their pro rata share of the 

aggregate amount then in the deposit account (net 

of taxes payable and amounts distributed to 

management for working capital purposes). See 

Nasdaq IM–5101–2(e). 

11See Nasdaq IM–5101–2(d). 

12Nasdaq has three listing tiers, each of which 

require, among other things, a company to have a 

minimum number of shareholders in order to 

initially list on the Exchange. See Nasdaq Rule 

5315(f)(1) (on Global Select, an issuer must have at 

least 550 Total Holders with a minimum average 

monthly trading volume over the prior 12 months, 

2,200 Total Holders, or 450 Round Lot Holders with 

50% of holders holding Unrestricted Securities); 

Nasdaq Rule 5405(a)(3) (on Global, an issuer must 

have at least 400 Round Lot Holders with 50% of 

holders holding Unrestricted Securities); and 

Continued 

1. Docket No(s).: CP2020–183; Filing 

Title: Notice of the United States Postal 

Service of Filing Modification One to 

International Priority Airmail, 

Commercial ePacket, Priority Mail 

Express International, Priority Mail 

International & First-Class Package 

International Service with Reseller 

Contract 1 Negotiated Service 

Agreement; Filing Acceptance Date: 

December 15, 2020; Filing Authority: 39 

U.S.C. 3642, 39 CFR 3040.130 through 

3040.135, and 39 CFR 3035.105; Public 

Representative: Jennaca D. Upperman; 

Comments Due: December 23, 2020. 

2. Docket No(s).: CP2020–190; Filing 

Title: Notice of the United States Postal 

Service of Filing Modification One to 

International Priority Airmail, 

Commercial ePacket, Priority Mail 

Express International, Priority Mail 

International & First-Class Package 

International Service Contract 6 

Negotiated Service Agreement; Filing 

Acceptance Date: December 15, 2020; 

Filing Authority: 39 U.S.C. 3642, 39 CFR 

3040.130 through 3040.135, and 39 CFR 

3035.105; Public Representative: 

Jennaca D. Upperman; Comments Due: 

December 23, 2020. 

3. Docket No(s).: MC2021–47 and 

CP2021–49; Filing Title: USPS Request 

to Add International Priority Airmail, 

International Surface Air Lift, 

Commercial ePacket, Priority Mail 

Express International, Priority Mail 

International & First-Class Package 

International Service Contract 1 to 

Competitive Product List and Notice of 

Filing Materials Under Seal; Filing 

Acceptance Date: December 15, 2020; 

Filing Authority: 39 U.S.C. 3642, 39 CFR 

3040.130 through 3040.135, and 39 CFR 

3035.105; Public Representative: 

Jennaca D. Upperman; Comments Due: 

December 23, 2020. 

This Notice will be published in the 

Federal Register. 

Erica A. Barker, 

Secretary. 

[FR Doc. 2020–28133 Filed 12–18–20; 8:45 am] 

BILLING CODE 7710–FW–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–90682; File No. SR– 

NASDAQ–2020–062] 

Self-Regulatory Organizations; The 

Nasdaq Stock Market LLC; Order 

Instituting Proceedings To Determine 

Whether To Approve or Disapprove a 

Proposed Rule Change To Amend 

Listing Rules Applicable to Special 

Purpose Acquisition Companies 

Whose Business Plan Is To Complete 

One or More Business Combinations 

December 16, 2020. 

I. Introduction 

On September 3, 2020, The Nasdaq 

Stock Market LLC (‘‘Nasdaq’’ or 

‘‘Exchange’’) filed with the Securities 

and Exchange Commission 

(‘‘Commission’’), pursuant to Section 

19(b)(1) of the Securities Exchange Act 

of 1934 (‘‘Act’’) 1 and Rule 19b–4 

thereunder,2 a proposed rule change to 

amend its listing rules to permit 

companies whose business plan is to 

complete one or more business 

combinations (‘‘SPACs’’ or ‘‘Acquisition 

Companies’’) 15 calendar days following 

the closing of a business combination to 

demonstrate that the SPAC has satisfied 

the applicable round lot shareholder 

requirement. The proposed rule change 

was published for comment in the 

Federal Register on September 22, 

2020.3 On November 4, 2020, pursuant 

to Section 19(b)(2) of the Exchange Act,4

the Commission designated a longer 

period within which to approve the 

proposed rule change, disapprove the 

proposed rule change, or institute 

proceedings to determine whether to 

disapprove the proposed rule change to 

December 21, 2020.5 The Commission 

has received no comment letters on the 

proposed rule change. The Commission 

is instituting proceedings pursuant to 

Section 19(b)(2)(B) of the Act 6 to 

determine whether to approve or 

disapprove the proposed rule change. 

II. Description of the Proposed Rule 

Change 

A SPAC is a company whose business 

plan is to complete an initial public 

offering and engage in a merger or 

acquisition with one or more 

unidentified companies within a 

specific period of time.7 Nasdaq listing 

rules, among other things, require a 

SPAC to keep at least 90% of the 

proceeds from its initial public offering 

in an escrow account,8 and to complete 

one or more business combinations 

having an aggregate fair market value of 

at least 80% of the value of the escrow 

account within a specified period of 

time.9 Following each business 

combination, the combined company 

must meet the requirements for initial 

listing on Nasdaq.10 If the combined 

company does not meet the initial 

listing requirements following a 

business combination, Nasdaq staff will 

issue a Staff Delisting Determination 

under Nasdaq Rule 5810.11

In its proposal, Nasdaq acknowledges 

that its existing rules require that, 

‘‘following each business combination’’ 

with a SPAC, the resulting company 

must satisfy all initial listing 

requirements. Nasdaq asserts, however, 

that the rule does not provide a 

timetable for the company to 

demonstrate that it satisfies those 

requirements. Accordingly, Nasdaq 

proposes to modify the rule to specify 

if the SPAC demonstrates that it will 

satisfy all requirements except the 

applicable round lot shareholder 

requirement, then the SPAC will receive 

15 calendar days following the closing 

to demonstrate that it satisfied the 

applicable round lot shareholder 

requirement immediately following the 

transaction’s closing.12