Legaltech iDisclose to Add Reg A+ Services to Existing Reg D, Reg CF Software

iDisclose, a Legaltech firm that currently provides streamlined solutions to complete both Reg D and Reg CF securities offerings, will soon add Reg A+ to its list of services. iDisclose has announced a new partnership with Ketsal Consulting, a firm comprised of former big law attorneys with securities laws expertise. Ketsal is led by Zachary Fallon, a former Senior Special Counsel at the U.S. Securities and Exchange Commission’s Division of Corporation Finance.

iDisclose and Ketsal Consulting will collaborate to develop a software solution that will facilitate the filing of securities offerings under Regulation A, commonly referred to Reg A+.

In 2015, as part of the JOBS Act, Regulation A received a significant upgrade. The improvement took a moribund securities exemption and transformed it into something workable were smaller firms could raise capital from both accredited and non-accredited investors alike.  Since 2015 approximately 244 filers had Reg A+ offering statements qualified by the Commission many for raising capital on crowdfunding platforms.

The goal of this new solution, which is expected to be operational in early 2019, will be to enable the preparation of highly detailed and complex offerings through iDisclose’s proprietary software.

This new solution will complement iDisclose’s existing Legaltech solutions for exempt crowdfunding offerings under Regulation CF and private placements under Regulation D.

These enterprise solutions assist funding platforms, law firms and other securities professionals with preparation of complex legal documents through a simple question and answer system.  Like all of iDisclose’s offerings, the data input to complete the Form 1-A, which is the document required to be filed with the SEC, will also automatically populate our other applications, including our proprietary database of the most often used corporate documents contained in our LawCloud system.

Doug Ellenoff, Chairman of iDisclose and managing partner of Ellenoff, Grossman & Schole, said they were excited to be leveraging the most current technology available to expand into more complex offering documents.

“We think we will see regulatory developments in the new year which will make Regulation A offerings more necessary for many issuers of securities.”

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