Reg A+ Now Available For All Public Reporting Companies

By | 01/23/2019 | 7:07 pm ET

On December 19, 2018, the Securities and Exchange Commission (SEC) issued final rules that they will now allow public reporting companies to utilize Regulation A+ (Reg A+). Reg A+ creates a registration exemption for public offerings, based on two separate offering tiers. Tier 1 applies to offerings up to $20 million in a 12-month period, while Tier 2 applies to offerings up to $50 million in a 12-month period. The extension of Reg A+ had been signed into law since May 24, 2018, as part of the Economic Growth, Regulatory Relief, and Consumer Protection Act. However, the SEC did not adopt…

Reg A+ Now Available For All Public Reporting Companies
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Proposal to Raise Reg CF Cap to $20 Million

By | 08/08/2018 | 3:33 pm ET

Many prominent companies and Regulation CF platforms have expressed concern over the limited amount of capital that issuers can raise under Reg CF: $1 million. On July 19, 2018, they sent a detailed letter to the SEC requesting that they raise the Reg CF cap to $20 million. In general, the Reg CF industry feels that the current $1 million cap is costing issuers time and money meeting regulatory requirements─they add that some issuers have to conduct a second offering to raise sufficient startup capital. This concern matches with SEC Chairman Jay Clayton’s remark concerning retail investors. Before the industry…

Proposal to Raise Reg CF Cap to $20 Million
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