The JOBS Act made big news when it was signed into law on April 5th of 2012, but there is lots of work stil to do.
Ernst and Young recently shared an information report with great information for both emerging companies and investors.
Here is a summary of what you need to know:
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The JOBS Act created a new category of issuer called an emerging growth company, for which certain SEC reporting requirements will be phased in over five years.
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Emerging growth companies can submit IPO registration statements and amendments to the SEC on a confidential basis.
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The SEC staff is issuing interpretive guidance to address implementation questions.
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The JOBS Act allows greater access to funding without triggering public registration requirements.
Read the full report below.
Many thanks to AZBio Board Member Phil Howard of Ernst and Young for sharing this information with our community.