SEC: Intrastate Crowdfunding Update on Rule 147 (Document)

SEC view of the US Capitol Washington DCPublished below are the proposed amendments impacting Rule 147 and Rule 504 of Reg D which impacts intrastate crowdfunding.

The SEC stated its intent to refine what it means to be an intrastate offering and ease some of the issuer eligibility requirements in the current rule.

The proposal  states issuers may sell no more than $5 million of securities within a 12 month period.

The SEC welcomes public comment on the proposed change for 60 days. The Commission will then decide whether to adopt the proposed rules.

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Disclosure Quest

Reg A - Form 1-A Filings Beta

Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.

YTD: Jan 1, 2026 - Nov 6, 2026 vs Jan 1, 2025 - Nov 6, 2025

Share this graph
Number of Filings134Prior 129 +3.9%
Target Raise, Total$3.45BPrior $3.59B -3.8%
This YTDYear priorChange
Filings 134 129 +3.9%
Target raise $3.45B $3.59B -3.8%

Sponsored by the Crowded Media Group the leading digital news service covering the global Fintech Industry, including digital assets, crowdfunding, tokenization, and other innovations in capital markets. email us @CrowdfundInside

Source: DisclosureQuest. Initial Form 1-A only.

Created by Crowded Media Group

This display counts initial Form 1-A filings only. It does not represent subsequent filings, including Form 1-A/A amendments or Form 1-A POS post-qualification updates filed by the issuer. Amounts are the stated Amount to be Raised on the initial filing, not capital raised and not amounts revised in later filings.

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