Dorsey & Whitney LLP

Effective October 1, 2025, the Securities and Exchange Commission (SEC) is lowering the fee rate for public companies and other issuers who register their securities. The new fee will drop from $153.10 to $138.10 per million dollars registered.

This change applies to registrations under Section 6(b) of the Securities Act of 1933, as well as the repurchase of securities under Section 13(e) and certain proxy solicitations or tender offers under Section 14(g) of the Securities Exchange Act of 1934.

Federal securities laws require the SEC to review and adjust these registration fees each year, based on projected collections needed to meet statutory targets. This annual process uses economic methodologies developed with the Congressional Budget Office and the Office of Management and Budget.

The SEC will continue to issue updates to keep the public informed about any new fee-related developments.

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