President Biden to Nominate Former CFTC Chair Gary Gensler to Lead the SEC
On March 25, 2020, the SEC issued an updated executive order granting extended filing relief and disclosure guidance as publicly traded companies address the COVID‑19 pandemic and its effect on operations and financial condition. The SEC Staff also recently issued a statement regarding the manual signature requirement for electronic filings with the SEC. This post summarizes the significant aspects of the SEC’s recent pronouncements.
Regulation A would be a logical choice for smaller, non-exchange traded public companies, particularly for broadly disseminated public offerings of their shares to “uplist” to Nasdaq and for subscription rights offerings to their shareholders.
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.