Wefunder recommends that founders update their investors at least once per quarter, but at the very least, two updates yearly. If you see a company that still needs to provide this update, contact our team at support@wefunder.com, and we will be happy to ask the founders for an update.
Most companies are also legally required to issue an Annual Report 120 days after the end of their fiscal year. The annual report is a comprehensive update with their latest financials, board members, new financings, and more. Sometimes, they may no longer be required to file this information, though we encourage them to do so anyway. Most companies have their fiscal year end on December 31st, and their annual reports come out by April 30th.