The SEC is providing conditional relief in the form of temporary amendments to Regulation Crowdfunding aimed at expediting the offering process for established (organized and operating for at least six months) smaller companies that have been impacted by COVID-19. The relief - which specifically targets the availability of financial statements and the timing of the offering (for quicker access to funds), as summarized in the table included in the SEC's release - applies to offerings launched between now (i.e., the date the temporary final rule was placed on public inspection by the Federal Register) and August 31. The amendments are effective through March 1, 2021.
We will be posting relevant resources on this development on our Crowdfunding page.