05 July 2022 - Article
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.
For more information, see here:https://www.sec.gov/news/press-release/2017-78 and here:https://www.sec.gov/news/press-release/2017-78 and https://www.sec.gov/rules/final/2017/33-10332.pdf.