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SEC Hosts Meetings to Support Small Business Capital Formation in Response to COVID-19 Challenges SEC Hosts Meetings to Support Small Business Capital Formation in Response to COVID-19 Challenges

SEC Hosts Meetings to Support Small Business Capital Formation in Response to COVID-19 Challenges

The Securities and Exchange Commission ("SEC") just announced it will be hosting two sets of meetings related to the need to continue to support the creation of small business capital in light of the capital market challenges created by the novel coronavirus (COVID-19).

The SEC's Office of the Advocate for Small Business Capital Formation is hosting a series of virtual coffee breaks to engage with the public to discuss updates, trends and perspectives on how COVID-19 is impacting raising capital. Each coffee break will focus on a particular area of the market, incorporating feedback from entrepreneurs, investors and other market participants. The first virtual coffee break will be hosted on April 3, 2020 at 11 a.m. EST to discuss updates in online capital raising. Instructions on how to participate or contact the SEC's Advocate for Small Business Capital Formation can be found here.

Separately, the SEC's Small Business Capital Formation Advisory Committee announced it will host a meeting via video conference on April 2, 2020 in response to challenges small businesses are facing as they cope with COVID-19. Committee Chair Carla Garrett and Vice Chair Jeff Solomon called for an ad hoc Committee meeting, recognizing the extreme situation facing small businesses nationwide. During the meeting, members will share observations from their areas of the marketplace and discuss how the Committee and the Commission can help small businesses address their short-term capital needs. The meeting will take place from 12 p.m. EST to 1:30 p.m. EST on April 2, 2020. Information on how to view the live webcast can be found here.

Contact Matt Fornshell, Erik Hansen or another member of our Securities Litigation and Regulation Group if you have questions.

This publication is intended for general information purposes only and does not and is not intended to constitute legal advice. The reader should consult with legal counsel to determine how laws or decisions discussed herein apply to the reader’s specific circumstances.

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