OTC Markets has scheduled a one-day “Bootcamp” on leveraging updated rules enacted under Title IV of the JOBS Act. OTC Markets and Crowdfund Beat Media will be co-hosting a gathering at OTC headquarters in New York City to provide smaller companies the information they need to better understand if the Reg A+ is the right channel to raise growth capital for their company.
Jason Paltrowitz, Executive VP at OTC Markets, explained that even a year after the updated exemption kicked off many questions remain.
“Our boot camp is designed to answer some of those questions and provide small businesses and entrepreneurs with step-by-step instructions on how to conduct a Reg A+ offering and take their company public. We are thrilled to partner with CrowdFund Beat on this initiative and look forward to an exciting event.”
OTC Markets became a securities pioneer of sorts when they listed one of the very first Reg A+ offers to hit the market. Elio Motors raised almost $17 million on StartEngine and then soon after listed shares on the OTCQX providing investors with liquidity if they wanted to sell their shares.
Under Reg A+, issuing companies may raise up to $50 million in a scaled disclosure environment. Some industry participants have come to describing Reg A+ as a
“mini-IPO” type offering that may reinvigorate the smaller IPO marketplace.
Scheduled speakers at the event include a well-known list of high profile industry participants including:
- Kim Wales, Founder and CEO of Wales Capital, who will provide an overview of the state of the Reg A+ market
- Doug Ellenoff, Partner at Ellenoff Grossman & Schole LLP, who will discuss legal considerations involved in a Reg A+ offering
- Ron Miller, CEO of StartEngine Crowdfunding, Inc., and
- Darren Marble, CEO of CrowdfundX, who will discuss equity crowdfunding portals and marketing an offering
- Craig Denlinger, Managing Partner of Artesian CPA and CrowdfundCPA.com, and attorney
- Mark Roderick, an attorney with Flaster Greenberg PC who will provide an overview of the numbers, valuation and legal structure to be considered in a Reg A+ filing
- Scott Purcell, Founder and CEO of FundAmerica, LLC, who will talk about the escrow process
- Dr. Richard Swart, Chief Strategy Officer of NextGen Crowdfunding, who will address how Reg A+ has evolved
- Attorneys Seth Farbman and Yoel Goldfeder of VStock Transfer, LLC who will discuss selecting a transfer agent and depositing shares into brokerage accounts
- Jason Paltrowitz, Executive Vice President of OTC Markets Group, who will discuss investor considerations and how and where a company’s Reg A+ securities can become publicly traded.
The event will conclude with a group discussion and question-and-answer session with Jonathan Frutkin of The Frutkin Law Group, Sam Guzik of Guzik & Associates and a Senior Contributor to Crowdfund Insider, Brian Korn of Manatt, Phelps & Phillips, LLP, Blaine McLaughlin of VIA Folio, a division of FOLIOfn Investments, Inc., and Jonathan Wilson of Taylor English Duma LLP.
The event is scheduled for November 10th.
