On June 6, 2025, the Financial Industry Regulatory Authority, Inc. postponed the effective date for new filing fees for certain private placements to January 1, 2027. As we described here, the filing fees, which originally were to be effective as of July 1, 2025, would have imposed fees on the review of private placement offerings of greater than $25 million. The fees would have consisted of a flat fee of $300 plus 0.008% of the maximum offering proceeds, subject to a fee cap of $40,300.
