SEC Finalizes Rule on Smaller Reporting Company Definition

July 18, 2018

The SEC recently finalized a rule, effective September 10, 2018, that expands the definition of “smaller reporting company” (“SRC”) to include registrants with (i) a public float of less than $250 million, or (ii) annual revenues of less than $100 million for the previous year and either no public float or a public float of less than $700 million.