The Securities and Exchange Commission adopted final rules yesterday making Regulation A available to reporting companies.  The Commission was required to amend Regulation A pursuant to the mandate in the financial services regulatory legislation, the Economic Growth, Regulatory Relief, and Consumer Protection Act.  Pursuant to Regulation A, an issuer may raise up to $50 million in a 12-month period.  While it is not clear how this new flexibility will promote capital formation, supporters of the measure had noted that smaller reporting companies or other smaller companies that might be subject to limitations on the use of a shelf registration statement for primary offerings might find this alternative helpful.

The final amendments to Regulation A can be found here: https://www.sec.gov/rules/final/2018/33-10591.pdf.