SEC Continues Renewal Project for Registered Capital Raises - Expanding Use of Draft Filings May Counter Abandonment of Public Securities Market
By EsqSocial Corporation 07/05/25
More than a decade has passed since the enactment of the Jumpstart Our Business Startups (JOBS) Act, which encouraged small-company capital formation through a reduction in costly regulatory burdens on SEC registrants. In response to the JOBS Act, the SEC streamlined the capital formation process for emerging growth companies by, among other things, making available to certain issuers the option to submit draft registration statements to the SEC for a “confidential, nonpublic staff review.”...
By: Carlton Fields