Meeting of SEC Small Business Capital Formation Advisory Committee

Location: Public will be able to view on www.sec.gov

Date: Thursday, October 13, 2022

Time: 10:00 a.m. – 3:00 p.m. (ET)

10:00: Call to Order; Introductory Remarks by Commissioners

10:15: Entrepreneurial Ecosystems: Exploring the common ingredients in vibrant ecosystems

What are key elements that underpin a thriving entrepreneurial ecosystem? The Committee will hear from experts regarding common ingredients for building a vibrant ecosystem, including a historical overview of what characteristics have made other ecosystems successful. Committee members will discuss various factors that make an entrepreneurial ecosystem work effectively, the sequencing of events, and what cities, universities, lawmakers, regulators and other stakeholders can do to support these environments. Committee members and speakers will discuss what works well in various communities, sharing personal and professional experience, data, and history, to explore ways to continue supporting small business growth across the country.

Speakers:

• Charles Becker, Professor of Practice and Managing Director, SURE Program, University of Houston, C.T. Bauer College of Business
• Maryann Feldman, Watts Endowed Professor of Public Affairs, Arizona State University

12:15: Lunch Break

1:30: Update on the Going Public Market: A 12-month lookback at the state of play of the IPO market

IPO activity dropped significantly in the first half of 2022. The Committee will examine the state of play in the IPO market over the last year, particularly in light of macroeconomic conditions, including inflationary pressures, a tighter investing environment, and numerous recent SEC rulemakings. Experts in the field will share market data and insights with the Committee, and address how the various pathways to going public have been impacted, including traditional IPOs, reverse mergers, SPACs and direct listings.

Speakers:

• Matthew Toole, Director, Deals Intelligence, Refinitiv
• Michael Bellin, Partner, Consulting Solutions, US IPO Co-leader, PWC

3:00: Wrap-up and Adjournment