On August 27, 2025, CorpFin published a new C&DI to clarify a potentially confusing issue in the transition out of the smaller reporting company system and related filer status determination.  New Question 130.05 explains the interplay between the determination of smaller reporting company status under the revenue test and the determination of accelerated or large accelerated filer status.  It clarifies that in the year a smaller reporting company under the revenue test loses its smaller reporting company status, it will not be an accelerated or large accelerated filer for that year.

As always, your thoughts and comments are welcome!