Federal Register #SR-TXSE-2026-018

Texas Stock Exchange Rodeo Program Expansion – Participation Opportunity

This opportunity relates to the Texas Stock Exchange LLC's expansion of its Rodeo Program, as announced by the SEC. - Government Buyer: - Texas Stock Exchange LLC - Program Expansion Details: - Application window for Rodeo Program participation reopened until August 14, 2026 - Up to four additional tickets available per participant - Each ticket is redeemable for warrants representing 100,000 shares of TXSE Group Voting Common Stock - Vesting of warrants is contingent on achieving trading volume targets during four quarterly measurement periods within a one-year period - Sponsored Participants may now join jointly with Sponsoring Members - $250,000 prepayment fee required for participation - Unique Requirements: - Eligibility includes membership status, broker-dealer registration, and accredited investor qualifications - Vesting based on performance (trading volume targets) - No OEMs or commercial vendors are involved; this is a program participation opportunity, not a procurement of goods or services - No physical products or traditional services are being procured; the main item is program participation tickets with associated warrants

Description

The Securities and Exchange Commission has published a notice regarding a proposed rule change by the Texas Stock Exchange LLC. The proposal aims to offer additional tickets under the exchange's Rodeo Program, re-open the application window for the program, and allow sponsored participants to participate jointly with a sponsoring member. The rule change is filed for immediate effectiveness and is part of the SEC's regulatory oversight of self-regulatory organizations.

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