SEC Makes Public Offerings Efficient For Small Issuers
Law360, New York (January 28, 2016, 4:21 PM EST) -- Spencer G. Feldman
Kenneth M. Silverman On Jan. 13, 2016, the U.S. Securities and Exchange Commission approved two interim final rules that are of significance for emerging growth companies (EGCs), which are issuers with less than $1 billion in total annual gross revenues during their most recently completed fiscal year, and smaller reporting companies (SRCs), which are issuers with a public float of less than $75 million as of the last business day of their most recently completed second fiscal quarter or annual revenues of less than $50 million during their most recently completed fiscal year. The interim final rules —...
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