Seven Things To Know About The SRC Public Float Measurement Date And SRC Qualification

Smaller reporting company (SRC) status under the rules of the Securities and Exchange Commission (SEC) is determined annually by reporting companies based on a company's "public float" as of the last business day of the company's second fiscal quarter. A more detailed discussion of the SRC qualification requirements and the SRC scaled disclosure accommodations is available here.

As an overview, here are seven things to know about SRC qualification and the public float test:

1. The SRC public float measurement date for reporting companies with a December 31 fiscal year end will be Friday, June 30. To qualify as a SRC based on its public float, the company's public float must be less than $250 million.