SEC Proposes to Amend Registered Offerings, Disclosure Rules

SEC proposed amendments to registered offerings rules to increase efficiency, flexibility and cost savings for public companies, as well as public-company disclosure rules to simplify its public company reporting framework, aimed at encouraging companies to go public and remain listed.

• Proposal would expand access to shelf offerings and communication flexibilities
• More public companies would be able to use some retisgration and offering communication flexibilities now largely reserved for “well-known seasoned issuers”
• Also proposed raising the threshold for large accelerated filer status to $2 billion in public float from $700 million
  • A company would not become a large accelerated filer for ...