The Securities and Exchange Commission recently released a Small Entity Compliance Guide for Issuers (see: https://www.sec.gov/divisions/corpfin/guidance/rule504-issuer-small-entity-compliance.html) that provides a helpful summary of the exemption.
Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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