Smaller Reporting Companies

On June 15, 2020, the Federal Reserve launched the highly anticipated Main Street Lending Program by announcing that the program is open for lender registration and encouraged lenders to begin making program loans to small and medium-sized businesses immediately. Participation by the Federal Reserve is expected to begin “soon.”  This follows the release of updated

A number of public companies have experienced dramatic fluctuations in their stock price, trading volume and market capitalization as a result of the recent market downturn triggered by the COVID-19 pandemic.  For registrants concerned about steep declines in their day-to-day market cap in this volatile environment and how the volatility may impact their status as

The Securities and Exchange Commission adopted amendments to the accelerated filer and large accelerated filer definitions, which impact the Sarbanes-Oxley Act of 2002.

The amendments will:

  • Exclude from the accelerated and large accelerated filer definitions an issuer that is eligible to be a smaller reporting company (SRC) and had annual revenues of less than $100

The Securities and Exchange Commission has announced an open meeting on March 11, 2020 to consider whether to adopt amendments to the accelerated filer and large accelerated filer definitions to promote capital formation for smaller reporting issuers by more appropriately tailoring the types of issuers that are included in the categories of accelerated and large

On January 23, 2020, the SEC’s Office of the Advocate for Small Business Capital Formation (the “Office”) hosted its first Capital Call, during which the Advocate for Small Business Capital Formation and Director of the Office, Martha Legg Miller, and members of the Office’s Staff discussed the latest trends relating to capital formation.  During the

Today, the SEC’s Office for the Advocate for Small Business Capital Formation announced it will host its first Capital Call on January 23, 2020 at 1 pm ET.

This virtual conference will focus on the latest trends relating to capital formation by companies, ranging from startups to small cap companies, and will provide participants with

The Office of the Advocate for Small Business Capital Formation published its annual report to the Committee on Banking, Housing and Urban Affairs of the U.S. Senate and the Committee on Financial Services of the US House of Representatives as required by the Exchange Act.  2019 was the first year of operations for the Office

The Securities and Exchange Commission released the report from the August 2019 Government-Business Forum on Small Business Capital Formation. The Annual Forum provides an opportunity for market participants to meet and discuss concerns regarding the regulatory framework affecting capital formation for small businesses, including smaller reporting companies and mid-cap companies. Each year, the recommendations included

In this Lexis Practice Advisor® Practice Note, we discuss the proposed amendments issued by the Securities and Exchange Commission (SEC) on May 9, 2019 to the accelerated filer and large accelerated filer definitions in Rule 12b-2 (Rule 12b-2) (17 C.F.R. § 240.12b-2) under the Securities Exchange Act of 1934, as amended (the Exchange Act).

The Securities and Exchange Commission recently released the final report from the 2018 Government-Business Forum on Small Business Capital Formation.  The report highlights the recommendations of attendees in ranked order for actions to be taken by the SEC.  The Report includes, as the first priority recommendation, amendments to the definition of “accredited investor” in order