This is the second in a series of blog posts on the topic of the SEC’s proposed changes to the exempt offering matrix. Below is a link to the first post:
SEC exempt offerings: process
Oh, SEC, how you tease. Back in June 2019, the Concept Release on exempt offerings discussed the Regulation A offering circular (OC) delivery requirements that we flagged as problematic some time ago. (The rules require that, after qualification, written offers -- this includes radio and TV -- must be “accompanied…
CrowdCheck Blog
This entry is filed under Capital Raising, Crowdfunding Conditions, Disclosure, Offering materials, Regulation, Regulation A, SEC, Securities Law
This is the second in a series of blog posts on the topic of the SEC’s proposed changes to the exempt offering matrix. Below is a link to the first post:
SEC exempt offerings: process
Oh, SEC, how you tease. Back in June 2019, the Concept Release on exempt offerings discussed the Regulation A offering circular (OC) delivery requirements that we flagged as problematic some time ago. (The rules require that, after qualification, written offers -- this includes radio and TV -- must be “accompanied…
This entry is filed under Capital Raising, Crowdfunding Conditions, Disclosure, Offering materials, Regulation, Regulation A, SEC, Securities Law
This is the second in a series of blog posts on the topic of the SEC’s proposed changes to the exempt offering matrix. Below is a link to the first post:
SEC exempt offerings: process
Oh, SEC, how you tease. Back in June 2019, the Concept Release on exempt offerings discussed the Regulation A offering circular (OC) delivery requirements that we flagged as problematic some time ago. (The rules require that, after qualification, written offers -- this includes radio and TV -- must be “accompanied…
This entry is filed under Capital Raising, Crowdfunding Conditions, Disclosure, Offering materials, Regulation, Regulation A, SEC, Securities Law
This is the second in a series of blog posts on the topic of the SEC’s proposed changes to the exempt offering matrix. Below is a link to the first post:
SEC exempt offerings: process
Oh, SEC, how you tease. Back in June 2019, the Concept Release on exempt offerings discussed the Regulation A offering circular (OC) delivery requirements that we flagged as problematic some time ago. (The rules require that, after qualification, written offers -- this includes radio and TV -- must be “accompanied…
This entry is filed under Capital Raising, Crowdfunding Conditions, Disclosure, Offering materials, Regulation, Regulation A, SEC, Securities Law
This is the second in a series of blog posts on the topic of the SEC’s proposed changes to the exempt offering matrix. Below is a link to the first post:
SEC exempt offerings: process
Oh, SEC, how you tease. Back in June 2019, the Concept Release on exempt offerings discussed the Regulation A offering circular (OC) delivery requirements that we flagged as problematic some time ago. (The rules require that, after qualification, written offers -- this includes radio and TV -- must be “accompanied…
This entry is filed under Capital Raising, Crowdfunding Conditions, Disclosure, Offering materials, Regulation, Regulation A, SEC, Securities Law
This is the second in a series of blog posts on the topic of the SEC’s proposed changes to the exempt offering matrix. Below is a link to the first post:
SEC exempt offerings: process
Oh, SEC, how you tease. Back in June 2019, the Concept Release on exempt offerings discussed the Regulation A offering circular (OC) delivery requirements that we flagged as problematic some time ago. (The rules require that, after qualification, written offers -- this includes radio and TV -- must be “accompanied…
This entry is filed under Capital Raising, Crowdfunding Conditions, Disclosure, Offering materials, Regulation, Regulation A, SEC, Securities Law
This is the second in a series of blog posts on the topic of the SEC’s proposed changes to the exempt offering matrix. Below is a link to the first post:
SEC exempt offerings: process
Oh, SEC, how you tease. Back in June 2019, the Concept Release on exempt offerings discussed the Regulation A offering circular (OC) delivery requirements that we flagged as problematic some time ago. (The rules require that, after qualification, written offers -- this includes radio and TV -- must be “accompanied…
This entry is filed under Capital Raising, Crowdfunding Conditions, Disclosure, Offering materials, Regulation, Regulation A, SEC, Securities Law
This is the second in a series of blog posts on the topic of the SEC’s proposed changes to the exempt offering matrix. Below is a link to the first post:
SEC exempt offerings: process
Oh, SEC, how you tease. Back in June 2019, the Concept Release on exempt offerings discussed the Regulation A offering circular (OC) delivery requirements that we flagged as problematic some time ago. (The rules require that, after qualification, written offers -- this includes radio and TV -- must be “accompanied…
This entry is filed under Capital Raising, Crowdfunding Conditions, Disclosure, Offering materials, Regulation, Regulation A, SEC, Securities Law
We’ve had this question come up a couple of times in recent deals, so it’s worth flagging. Under Regulation A, you can have offering statements in effect (and thus offerings open) for more than a year (they can even last three years under certain circumstances). However, if your continuous offering is going to last more than a year, at least once a year you have to file a post-qualification amendment (PQA) to “refresh” the offering statement. This is required by Rule 252(f)(2)(i), which says:…
This entry is filed under Capital Raising, Disclosure, Federal Law, Financial Statements, Regulation, Regulation A
We’ve had this question come up a couple of times in recent deals, so it’s worth flagging. Under Regulation A, you can have offering statements in effect (and thus offerings open) for more than a year (they can even last three years under certain circumstances). However, if your continuous offering is going to last more than a year, at least once a year you have to file a post-qualification amendment (PQA) to “refresh” the offering statement. This is required by Rule 252(f)(2)(i), which says:…
This entry is filed under Capital Raising, Disclosure, Federal Law, Financial Statements, Regulation, Regulation A