SEC’s Small Business Capital Formation Advisory Committee Sets Agenda for September 27 Virtual Meeting.

The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee will meet virtually on Monday, Sept. 27 to explore the changing dynamics for pre-IPO companies raising capital and the pathways those companies take to becoming public.

During the morning session, the committee will focus on recent trends in “crossover investors”—such as mutual funds and other investors that traditionally focus on public companies—investing in late-stage, pre-IPO funding rounds. The committee will discuss how these investors are changing the dynamics of pre-IPO capital raising and the effects on timing to go public. During the afternoon session, the committee will explore pathways to joining the public markets, discussing how companies and investors are weighing traditional IPOs, direct listings, and the re-emergence of mergers with special purpose acquisition companies (SPAC). The full agenda for the meeting is available online, along with other meeting materials on the committee’s webpage.

How to Listen: The committee meeting will take place from 10 a.m. to 2:30 p.m. ET and will be webcast live on The webcast will be archived on the committee’s webpage for later viewing.

About the committee: The committee was established by Congress to provide the Commission with advice and recommendations on Commission rules, regulations, and policy matters relating to small businesses, from privately-held emerging companies to smaller public companies. The committee focuses its activities on pertinent rulemaking and policy priorities as well as emerging trends in capital raising, providing valued feedback into the regulatory process. Additional information on the committee, including its members, is available on the committee webpage.

Have a securities law question? Call Sallah Astarita & Cox at 212-509-6544.

Securities Attorney at Sallah Astarita & Cox | 212-509-6544 | | Website | + posts

Mark Astarita is a nationally recognized securities attorney, who represents investors, financial professionals and firms in securities litigation, arbitration and regulatory matters, including SEC and FINRA investigations and enforcement proceedings.

He is a partner in the national securities law firm Sallah Astarita & Cox, LLC, and the founder of The Securities Law Home Page -, which was one of the first legal topic sites on the Internet. It went online in 1995 and is updated daily with news, commentary and securities law related links.

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