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  • Effective Date of the Amendments to Reg CF and Reg A January 14, 2021
    Effective Date of the Amendments to Reg CF and Reg A The amendments to Reg CF, Reg A, and other rules relating to capital formation utilizing exempt offerings have finally been published in the Federal Register, with an effective date of March 15, 2021. See, https://www.federalregister.gov/documents/2021/01/14/2020-24749/facilit…. Andrew Stephenson Thu, 01/14/2021 - 08:45 This entry is filed […]
    Andrew Stephenson
  • Warrant issuers, keep your offering statement evergreen January 11, 2021
    Warrant issuers, keep your offering statement evergreen An increasing number of issuers have been using Regulation A to make continuous offerings of units, consisting of a combination of equity, often common stock, and warrants to purchase the same equity at a future date.  Under the Securities Act, the units, the shares of stock, the warrants […]
    Jeanne Campanelli
  • Foreign issuers using Reg A and Reg CF December 28, 2020
    Foreign issuers using Reg A and Reg CF For some reason, this issue has been coming up a lot lately. Our usual response to the question “Can non-US issuers make a Reg A or Reg CF offering?” is to point to the rules: Rule 251(b)(1) says Reg A can only be used by “an entity […]
    sara hanks
  • SEC proposes relief for “finders” November 30, 2020
    SEC proposes relief for “finders” I have long (oh so long) been one of those urging the SEC to give some clarity with respect to the status of “finders.” See here for the latest piece. Early-stage companies raising funds very often reach out to a guy who knows some guys who have money and have […]
    sara hanks
  • CrowdCheck’s Analysis of the New Exempt Offerings Rules: Reg CF investment vehicles, what are they good for? November 18, 2020
    CrowdCheck’s Analysis of the New Exempt Offerings Rules: Reg CF investment vehicles, what are they good for? In its recent rulemaking, the SEC added new Rule 3a-9 under the Investment Company Act to allow for the use of “crowdfunding vehicles” for Reg CF investments. It is important to recognize that crowdfunding vehicles are quite limited, […]
    Andrew Stephenson
  • CrowdCheck’s Analysis of the New Exempt Offerings Rules: Testing the Waters comes to Reg CF November 4, 2020
    CrowdCheck’s Analysis of the New Exempt Offerings Rules: Testing the Waters comes to Reg CF While the costs of preparing an offering under Reg CF are significantly lower than other types of securities offerings, they can still be expensive in terms of professional and marketing fees prior to having any sense of whether the offering […]
    Andrew Stephenson
  • CrowdCheck’s Analysis of the New Exempt Offerings Rules: Reg CF Financial Statements November 3, 2020
    CrowdCheck’s Analysis of the New Exempt Offerings Rules: Reg CF Financial Statements Big news out of the SEC yesterday with the adoption of its amended rules covering various types of offerings exempt from registration under the Securities Act.[1] These rule changes impact the way in which issuers will be able to use Reg CF, Reg […]
    Andrew Stephenson
  • Where do you work? October 30, 2020
    Where do you work? And by that I mean the geographic location of your place of business, if you have one. The pandemic has accelerated the existing trend of people working remotely and running their businesses from pretty much anywhere. Crash any Zoom call these days. Josh appears to be calling in from a desert […]
    sara hanks
  • CrowdFunding.Guide October 19, 2020
    CrowdFunding.Guide CFG (CrowdFunding.Guide) is the place where investors find the best online startup investment opportunities worldwide. CFG curates and presents innovative startups from the US and from around the world, and provides access to the investments to accredited investors. In addition, CFG selects the best startups appearing on other platforms (for both accredited and unaccredited investors), […]
    Andrew Stephenson
  • 2020 KoreSummit Reg A+ October 5, 2020
    2020 KoreSummit Reg A+ Date Range Wednesday, October 7, 2020 to Wednesday, October 7, 2020 Andrew Hanks Mon, 10/05/2020 - 15:20 Time Zone America/New_York Venue Name Webinar KoreSummit Reg A+ October 7, 2020  Mark your calendars: the next Kore summit will take place on Wednesday, October 7th, 2020, from 11am to 6pm EST. This year’s theme […]
    Andrew Hanks