NextSeed, a debt-focused crowdfunding platform, has listed its first side-by-side Reg CF – Reg D offering. The news of the first parallel offering comes on the heels of the announcement that NextSeed has been approved as a FINRA regulated broker-dealer.
Under Reg CF, issuers may raise only $1.07 million and investors, both accredited and non accredited are limited as to how much they can invest. The cap is frequently too small for many issuers and thus the exemption is avoided by some firms. Many crowdfunding platforms have gotten into the habit of listing both a Reg CF and Reg D (506c) offering simultaneously so as to skirt the constraints.
NextSeed has recently listed the “Railway Heights Market” project, a two-story artisan marketplace, food hall, and beer garden in central Houston. The revenue sharing note is seeking a minimum raise of $500,000. By doing the side-by-side, the issuer should be able to more easily raise the needed funds. The offering may raise a max amount of $2.57 million.
As of today, $167,400 with $123,400 (under Reg CF) and $44,000 (under Reg D).
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