Issuance, a platform that specializes in aiding issuers raising capital under Reg A+, has announced its expansion into Canada. According to a company statement, Issuance is now an “endorsed service-provider partner” of the Canadian Securities Exchange (CSE). The arrangement allows Issuance to offer preferred rates for CSE-listed companies, including reduced onboarding fees.
Darren Marble, co-founder and CEO of Issuance, said they are excited to partner with CSE, an exchange known for supporting Canadian entrepreneurs.
“As one of the limited number of platforms approved by the CSE as a recommended service provider for issuers, we believe this supports our position as one of the top platforms in the space.”
CSE’s VP of Listings development James Black said they were pleased to welcome Issuance to its list of approved service providers.
“This platform provides issuers with a unique tool that issuers can now leverage in their respective capital raising journeys.”
Issuance said that it sees Canadian digital markets as underserved, representing an opportunity for firms enabling online capital formation. That being said, Issuance will have multiple competitors that facilitate private securities sales for a market that tends to punch above its weight class.
“With equity crowdfunding limited in Canada as compared to the United States, we continue to see a growing number of Canadian issuers looking south to raise capital from both accredited and non-accredited investors,” said Marble. “The CSE has served these entrepreneurs well, and we at Issuance look forward to doing the same.”
Under the Reg A+ exemption, firms may raise up to $75 million in a private securities offering made available to both accredited and non-accredited investors. In Canada, there are crowdfunding exemptions along with the popular OM exemption that allows issuers to raise an unlimited amount of funds with certain requirements.
