The two leading equity crowdfunding associations, CFIRA and CFPA, came together to present a primer on the two active exemptions under the JOBS Act: Title II and Title IV.
Title II, or accredited crowdfunding, has been actionable since the fall of 2013. Title IV or Regulation A+ received final rules earlier this year and is now being utilized by a growing number of issuers to “test the waters” of investor interest.
Title III, or retail crowdfunding, remains elusive as final rules have encountered ongoing delays.
The presentation, moderated by Kim Wales of Wales Capital (a board member of CFIRA), included three prominent advocates within the crowdfunding industry. The presentation document, embedded below, incorporates practical information regarding the differences of the various equity crowdfunding options in the US today.