JOBS Act and Emerging Growth Companies

What this video covers

• The four alternative triggers that terminate emerging growth company (EGC) status, and why any single trigger ends the status immediately
• The inflation-indexed 1.235 billion dollar revenue cap (not the stale 1.07 billion dollar figure), and the fiscal year-end timing versus immediate-date timing across triggers
• The test-the-waters mechanism: which investors qualify (qualified institutional buyers (QIBs) and institutional accredited investors (IAIs)), which do not, and why timing is unrestricted relative to the filing
• The confidential submission process and the hard 15-day public-filing requirement before commencing a road show
• The four scaled-disclosure accommodations: two years of audited financials (not three), reduced executive compensation disclosure, exemption from auditor attestation of internal controls, and relaxed research rules during a registered offering
• Why confidential submission is no longer unique to EGCs since the 2017 SEC expansion to all issuers