The SEC has recently permitted public companies with remote-first operations to circumvent the requirement that they report an address and phone number for their principal executive offices on the cover page of their Form S-1 registration statements. Is this a reflection of the “new normal” and, if so, has the SEC answered through these filings the fundamental question whether there is any longer a purpose for disclosing the location of a registrant’s principal executive offices?
California now accounts for a fifth of all public companies and, with Massachusetts, New York and Texas, 40% of all public companies; California, New York and Texas account for a third of the Fortune 500.