• Impact of the JOBS Act on Emerging Growth Companies
  • May 31, 2012 | Author: Harvey Daniels
  • Law Firm: Burr & Forman LLP - Atlanta Office
  • On April 5, 2012, the Jumpstart Our Business Startup Act (the “JOBS Act”) was signed into law, and with it, a number of “on-ramp” provisions that encourage private companies to go public, by providing a less burdensome initial public offering process for an “emerging growth company” (“EGC”). The JOBS Act provides an EGC greater latitude to “test the waters” in advance of filing a public registration statement, lessens disclosure requirements for EGC upon registration, and provides to an EGC and other issuers new options for selling unregistered securities.