Tagged: regulation a

Fat Cats Dropped Over Wall Street as Brew Dog Returns to USA Crowdfunding Round

Brew Dog, one of the most successful investment crowdfunding offerings of all time, has returned to the US for its second go at a Reg A+ securities offering. CI caught wind of the second round earlier this year due to a public filing posted on… Read More

SEC Regulation A+, ICOs and Small Business Capital Formation: For Whom the Bells Toll?

  If the Wall Street Journal is any indicator, so called Regulation A+ offerings, which sprung to life in June 2015, courtesy of Title IV of the Jumpstart Our Business Startups Act of 2012 (the JOBS Act) and SEC rulemaking,  are (or should be) all… Read More

OTC Markets Welcomes Expansion of Reg A+ Exemption to Reporting Companies

Buried within the “Economic Growth, Regulatory Relief and Consumer Protection Act” that was signed into law last week, was an expansion of Regulation A or Reg + that it is popularly called. The securities exemption is now available to not just private companies but also… Read More

Fundrise Filing Updates on Equity eREIT Progress

Fundrise, an online real estate investment platform, has just filed a Reg A+ update with the Securities and Exchange Commission that updates on their equity eREIT offering. Several years old now, the eREIT offering circular indicates the company has sold approximately $73 million in shares… Read More

Fundrise SEC Filing Provides Insight into For Sale Housing eFunds

Two recent filings with the Securities and Exchange Commission (SEC) have provided some insight into the progress of Fundrise’s eFunds. Last year, Fundrise launched two eFunds – both targeting “For Sale Housing” in two different markets: Washington, DC and Los Angeles. These new funds were… Read More

Legion M Returns to Wefunder with New Crowdfunding Campaign

LegionM has filed a new Form C with the Securities and Exchange Commission indicating its intent to launch a new crowdfunding campaign to raise additional funding.  LegionM was the second project to leverage Reg CF to hit the $1 million funding cap (since raised to $1.07M) LegionM… Read More

Prometheum Files Reg A+ for ICO, Claims they have “Cracked the Code” as to How to Accomplish

Most securities initial coin offerings (ICOs) are being filed under Reg D 506c in the US. This enables an issuer to sell securities to accredited investors. Reg A+, an updated securities exemption, enables issuers to offer securities to both accredited and non-accredited investors. Reg A+… Read More

SeedInvest’s Biggest Raise: Knightscope Crowdfunds $20 Million

In 2017, Knightscope, a robotics firm, raised $20 million on equity crowdfunding platform SeedInvest – their largest crowdfunding round to date.  Knightscope raised capital using Reg A+, an upated securities exemption that allows companies to raise up to $50 million from both accredited and non-accredited individuals…. Read More

Crypto Related Company Longfin “Voluntarily” Delists from NASDAQ as SEC Receives Continuing Freeze of $27 Million in Company Assets

Longfin Corp. has announced its intent to “voluntarily” delist from the NASDAQ. The move comes as an ongoing enforcement action by the Securities and Exchange Commission saw allegations of illegal distributions and sales of restricted shares. Longfin raised capital using the Reg A+ crowdfunding exemption… Read More

Longfin Receives Reprieve from SEC Temporary Asset Freeze

Longfin Corp. (NASDAQ:LFIN), is reporting that Judge Denise L. Cote has vacated the Temporary Restraining Order (TRO) that froze the assets of the company. The Securities and Exchange Commission (SEC) obtained a court order freezing more than $27 million in trading proceeds from allegedly illegal… Read More

Commissioners Peirce and Piwowar Dissent with Majority Regarding Reg A+ Cap Increase

SEC Commissioners Michael S. Piwowar and Hester M. Peirce have delivered a letter to Chairman Michael Crapo of the Senate Committee on Banking and Chairman Jeb Hensarling of the House Financial Services Committee pertaining to a legislative push to increase the cap on Reg A+… Read More

Last Year the US Department of Treasury Published a Roadmap to Create More Economic Opportunity Including Crowdfunding, So What Has Been Accomplished So Far?

In the Fall of 2017, the US Department of Treasury published a document entitled, “A Financial System That Creates Economic Opportunities – Capital Markets.” This comprehensive overview of the current regulatory environment regarding capital formation is probably the best publication I have ever seen produced… Read More

What’s next for the ICO? Reflections on Securities Law and the Future of Initial Coin Offerings

  To date, fundraising has been blockchain’s killer app. In 2017, Initial Coin Offering (ICO) fundraising eclipsed that of traditional venture capital, and in 2018, ICOs have already raised nearly $3 billion in non-dilutive funding. This new form of early-stage financing is incredibly promising, at… Read More

StartEngine Has Now Raised Over $4 Million in their Self-Crowdfunding Campaign

StartEngine, one of the largest investment crowdfunding platforms in the US, has now topped $4 million in their self-crowdfunding campaign. The online capital formation platform announced their Reg A+ securities offering went live last October. Using a pre-money valuation of $65 million, StartEngine is seeking… Read More

Muscle Maker Grill Expects to List on OTC Markets Following Close of Reg A+ Crowdfunding Round

Muscle Maker Grill has filed a post qualification offering circular with the Securities and Exchange Commission (SEC) indicating its intent to list on OTCQX Marketplace under the symbol of MMB after the Reg A+ crowdfunding round closes. This is a change from previous communications where… Read More

DSTLD Closes Second Reg A+ Crowdfunding Round at $3.1 Million

Fashion shop DSTLD closed its second crowdfunding round on SeedInvest this past weekend. According to the campaign page, DSTLD raised $3.1 million from 1783 investors. Pre-money valuation was pegged at $30 million. Individual investors received preferred equity if they decided to back the direct to… Read More

US House of Representatives Passes Legislation to Raise Reg A+ Cap to $75 Million

The US House of Representatives has passed legislation that will increase the Reg A+ cap to $75 million from the current $50 million amount. Reg A+ is the creation of the JOBS Act of 2012 and one of three securities crowdfunding exemptions which have been… Read More

CERES Coin Files to Raise $20 Million ICO for Blockchain based Cannabis Transaction Network

CERES Coin has filed a Form D with the Securities and Exchange Commission (SEC) indicating its intent to raise up to $20 million to launch a “Blockchain based transaction network for the legal Cannabis industry.” Ceres’ initial coin offering (ICO) seeks to provide a solution… Read More

Initial Coin Offerings: Is this How it Should’ve Been a Few Years Ago When US Securities Crowdfunding First Became Legalized?

    The very first initial coin offering (ICO) took place in June of 2013 when Mastercoin raised around $5 million in Bitcoin. That was the same year that Title II of the JOBS Act launched allowing general solicitation (SEC lingo for advertising) under Regulation… Read More

Knowbella Tech Says it will use Reg A+ Crowdfunding Exemption for Initial Coin Offering

Knowbella Tech LLC, a “scientific ecosystem powered by the Helix token,” has announced its intent to use Reg A+ for its initial coin offering (ICO) raising up to $50 million under Tier II of the exemption. As the SEC has clamped down on issuers not… Read More