The Securities and Exchange Commission announced that on February 27, 2024, the Small Business Capital Formation Advisory Committee will hold a meeting, which will be webcast. The SEC Office of the Advocate for Small Business Capital Formation will provide an overview of its 2023 report, about which we previously blogged. The Committee will then consider possible recommendations to the SEC regarding changes to the accredited investor definition. In its afternoon session, the Committee will consider and discuss the state of the IPO market, particularly the decline in the number of smaller public companies seeking to undertake IPOs and the changes in the IPO market. See the SEC press release here.
See the agenda here.