US corporate law weekly news: SEC increases the amount companies can raise though crowdfunding

On April 5, 2017, the SEC amended JOBS Act thresholds to increase the amount of money companies may raise through crowdfunding, raising the cap from the $1 million original amount to $1.07 million.

The SEC also approved amendments that increase the threshold for determining the eligibility for benefits offered to 'emerging growth companies' (EGCs) to adjust for inflation, raising the threshold from $1 billion to $1.07 billion. EGCs are eligible for several exemptions from a number of disclosure, shareholder voting and other regulatory requirements.

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