ARTICLE
4 September 2023

SEC Announces First Fee Rate Advisory For Fiscal Year 2024

GP
Goodwin Procter LLP
Contributor
At Goodwin, we partner with our clients to practice law with integrity, ingenuity, agility, and ambition. Our 1,600 lawyers across the United States, Europe, and Asia excel at complex transactions, high-stakes litigation and world-class advisory services in the technology, life sciences, real estate, private equity, and financial industries. Our unique combination of deep experience serving both the innovators and investors in a rapidly changing, technology-driven economy sets us apart.
On August 25, 2023, the SEC announced a significant increase in the fees that public companies and other issuers are required to pay to register their securities from $110.20 per million dollars to $147.60 per million dollars.
United States Corporate/Commercial Law
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On August 25, 2023, the SEC announced a significant increase in the fees that public companies and other issuers are required to pay to register their securities from $110.20 per million dollars to $147.60 per million dollars. The new fee rate is effective October 1, 2023 and is applicable to the registration of securities under Section 6(b) of the Securities Act of 1933, the repurchase of securities under Section 13(e) of the Securities Exchange Act of 1934 and proxy solicitations and statements in corporate control transactions under Section 14(g) of the Securities Exchange Act of 1934.

Companies that are planning to file a registration statement in the near term and have flexibility on timing might consider making the filing in September rather than October or later.

After October 1, 2023, you should make sure to update registration statement cover pages and the filing fee exhibit table required by Item 601(b)(107) of Regulation S-K to reflect the new fee and avoid merely rolling over the old fee calculations from earlier models or forms.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

ARTICLE
4 September 2023

SEC Announces First Fee Rate Advisory For Fiscal Year 2024

United States Corporate/Commercial Law
Contributor
At Goodwin, we partner with our clients to practice law with integrity, ingenuity, agility, and ambition. Our 1,600 lawyers across the United States, Europe, and Asia excel at complex transactions, high-stakes litigation and world-class advisory services in the technology, life sciences, real estate, private equity, and financial industries. Our unique combination of deep experience serving both the innovators and investors in a rapidly changing, technology-driven economy sets us apart.
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