Congress has recently approved, and President Obama is expected to sign into law, the Jumpstart Our Business Startups Act (the “JOBS Act”). The JOBS Act seeks to stimulate job growth and capital formation by:
•Expanding certain private offering exemptions (specifically Regulation A and Rule 506 of Regulation D)
•Adding a new offering exemption for “crowdfunding” transactions
•Relaxing restrictions on the IPO process for “emerging growth companies”
•Eliminating or simplifying certain required disclosures by “emerging growth companies”
•Allowing smaller companies to remain private for a longer period of time
Partner Stephen M. Goodman and Counsel Michael T. Campoli, both members of Pryor Cashman's Corporate Group, have written an informative Legal Update summarizing the provisions and anticipated impact of the JOBS Act.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.
Securities Law Updates, Mergers & Acquisitions Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
© Pryor Cashman LLP | Attorney Advertising