Form C-AR Filings

What Is SEC Form C-AR?

SEC Form C-AR is an annual report filing required under Regulation Crowdfunding, which is a derivative form of the main SEC Form C. Issuers use it to provide updated disclosures to the Securities and Exchange Commission (SEC) after conducting an offering under Regulation CF.

This form is typically filed by companies that have completed a Regulation Crowdfunding offering and remain subject to ongoing reporting requirements. Once Form C-AR is submitted, it provides investors and regulators with current information about the issuer’s business and financial condition for the applicable fiscal year.

Form C-AR supports transparency by requiring issuers to update disclosures and include financial statements. While it is an annual filing, reporting obligations may continue until the issuer becomes eligible to terminate its reporting requirements and properly ends its Regulation Crowdfunding reporting cycle.

Key elements typically found in SEC Form C-AR include:

• Name of the issuer and any identifiers used in the offering
• Information about the issuer’s business and operations
• Updated financial statements for the fiscal year covered by the report
• Discussion of the issuer’s financial condition and results of operations
• Information about directors, officers, and ownership
• Material changes since the most recent Regulation Crowdfunding filing

SEC Form C-AR Filing Deadlines

SEC Form C-AR has specific timing requirements that issuers must follow after the end of each fiscal year. These deadlines are important to ensure compliance and provide timely annual updates to investors.

Key Things to Know About Form C-AR Filing Rules

• Annual Reporting Requirement Applies: Issuers that completed a Regulation Crowdfunding offering may be required to file Form C-AR each year while reporting obligations remain in effect.
• Form C-AR Is Not an Offering Filing: Form C-AR is an annual report and is separate from the initial Form C offering statement and other event-driven crowdfunding filings.
• Website Posting Is Part of Compliance: In addition to filing with EDGAR, issuers typically must post the same annual report on their own websites for investor access.
• Financial Statements Are Required: The annual report includes financial statements for the fiscal year covered, reflecting the company's updated financial condition and results.
• Reporting May End Only Through Proper Termination: Issuers generally remain subject to Regulation Crowdfunding reporting until they meet the termination conditions and file the appropriate notice to end the obligation.

To monitor annual crowdfunding reporting and ongoing issuer disclosures, our platform helps you track Form C-AR filings, review related filing categories via EDGAR filing alerts, and follow reporting changes that may accompany termination-related filings, such as Form C-TR activity.

Companies exploring alternative financing strategies may participate in SEC crowdfunding offerings available to eligible issuers.