Insight
The SEC continues to address issues posed by the COVID-19 pandemic, as follows:
- On May 4, 2020, the Division of Corporation Finance posted FAQs addressing whether companies that have sought relief from filing deadlines due to the pandemic can file new S-3 registration statements and effect takedowns under previously effective shelf registration statements.
- Also on May 4, the SEC announced that it was providing temporary, conditional relief for “established smaller companies affected by COVID-19 that may look to meet…urgent funding needs through a Regulation Crowdfunding offering.” Companies seeking to rely upon the temporary rules must satisfy existing eligibility criteria as well as new standards, including being in business for at least six months.
Gunster’s Securities Law & Corporate Governance Practice Group continues to monitor these temporary policies throughout the COVID-19 outbreak, and we are available to answer your questions.
If you have any questions, please contact Gunster attorney Robert B. Lamm.
