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ARTICLE · 08 MAY 2012

Corporate And Financial Weekly Digest - May 4, 2012

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On May 2, the Division of Corporation Finance of the Securities and Exchange Commission published an additional set of frequently asked questions (FAQs) regarding Title I of the Jumpstart Our Business Startups Act (JOBS Act), which was enacted on April 5.

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Edited by Robert L. Kohl and David A. Pentlow

SEC/CORPORATE

SEC Issues Additional Guidance on Emerging Growth Companies

On May 2, the Division of Corporation Finance of the Securities and Exchange Commission published an additional set of frequently asked questions (FAQs) regarding Title I of the Jumpstart Our Business Startups Act (JOBS Act), which was enacted on April 5. Title I of the JOBS Act includes reforms intended to facilitate capital raising by "emerging growth companies" (EGCs), such as allowing EGCs to submit draft registration statements on a confidential basis to the SEC. Title I of the JOBS Act became operative upon enactment.

Which companies can qualify as EGCs?

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