“One and done” SPV reporting? No, not really
A few months ago, I posted about the received wisdom in the crowdfunding industry thatholds that because an issuer used a special purpose vehicle to handle its offering underRegulation CF, that SPV counted as only one “holder of record” for ongoing reportingpurposes. Therefore, the theory goes, issuers could take advantage of the provision inRule 202(b)(2) […]
Why IPO Candidates Should Consider Regulation A First
Financial newsletters are coalescing around the idea that 2026 will be the year of IPOs. To their credit, a number of high-profile offerings look likely to occur—SpaceX, AI players OpenAI and Anthropic, fitness app Strava, and others have already filed confidentially or announced plans for IPOs later in the year. However, especially for consumer-based companies, […]
“One and done” SPV reporting? Really?
It’s Form C-AR filing season again, and maybe time to discuss an interesting consequence of using a crowdfunding special purpose vehicle (“SPV”). These are used in roughly one quarter of all Regulation CF filings, according to the analysis of our colleagues at Kingscrowd. Everyone in crowdfunding knows that once a company has taken money from […]