On the website of Morrison and Foerster, contains detailed information about the Jobs Act that was passed on March 27, 2012 per below language from the corporate web site:
"On March 27, 2012, Congress passed the Jumpstart Our Business Startups (JOBS) Act, a bipartisan effort in both the House and the Senate to ease the regulatory burdens on smaller companies and facilitate capital formation. President Obama signed the legislation into law on April 5, 2012.
Among other things, the JOBS Act creates a transitional "on-ramp" for a new category of issuer, emerging growth companies, to encourage them to pursue IPOs. It also includes a measure that amends the Securities Act of 1933 to permit companies to conduct offerings to raise up to $50 million through a "mini-registration" process similar to Regulation A."
It is worth a look.
I will be analyzing the docs and other information and going into the New Year seeing what the benefits and pros and cons are of this ACT.
