Locke Lord QuickStudy: Emerging Growth Companies Are “Growing”: SEC Increases Annual Revenue Cap for EGC Status
On March 31, 2017, the SEC adopted amendments to its rules to reflect an inflation-adjusted threshold in the definition of the term “emerging growth company” (an EGC).1 Currently, an EGC is defined to mean, among other things, an issuer that had total annual gross revenues of less than $1,000,000,000 in its last fiscal year.
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