“Emerging Growth Companies” under Jumpstart Our Business Startups Act (2012)
…ar function) from having any financial interest in an issuer using its services. The draft law will also require EGC’s to make certain filings with the SEC, both as to solicitations and annually. Audited financial statements will be required for solicitation of more than $500,000, and unaudited financial statements will be required for solicitation of between $100,000 and $500,000 in any twelve month period. The EGC could not advertise the terms o…