Tagged: regulation a

Blockstack Files Updated Reg A+, Will this be the One to Get Qualified by the SEC?

Blockstack has filed an updated Form 1-A to utilize Reg A+ to raise up to $50 million in a tokenized security offering. Blockstack will be issuing “Deferred Delivery Agreement for Stacks Tokens.” According to the Blockstack Offering Circular: Blockstack, is offering up to 295 million… Read More

SEC Director of CorpFin Bill Hinman Provides Crowdfunding Update at Small Business Capital Formation Advisory Committee Meeting

Earlier this week, the inaugural meeting of the Small Business Capital Formation Advisory Committee (SBCFAC) took place at the Securities and Exchange Commission (SEC) in Washington, DC. The new Committee brings together a diverse group of small business proponents including several Fintechs. Led by Martha… Read More

The Reg A+ Conference – New York City

The Reg A Conference is the largest gathering of deal-makers and companies interested in networking and discussion of Regulation A. This is a prime opportunity to network with like-minded business executives as well as financial professionals who assist in bringing capital to companies. Hands down, this… Read More

NextSeed Becomes a Broker Dealer. Looks to Expand Offerings Beyond Reg CF [u]

NextSeed, a FINRA regulated funding portal issuing securities under Reg CF, has become a broker-dealer. In an email distributed to its community, NextSeed announced the change in strategy for its investment crowdfunding platform. The announcement was joined by a site re-design and the addition of… Read More

Republic Quickly Distributes Note Tokens, Seeks to Issue Under Reg A+ with Holders Possibly Earning Income in the Future

Online investment platform Republic revealed last week that Note, a security token which may be issued under the Reg A+ exemption, has already granted 1.8 Note tokens.  The Note tokens concept was first revealed in March when it was reported that Republic had acquired RenGen… Read More

Harvard’s Endowment Fund Invests in Blockstack Tokens, Supports Company as Part of Token Advisory Board

Harvard University, via their endowment fund, is backing Blockstack’s security token offering. Digging into the Reg A+ Offering Circular filed with the SEC last week, Blockstack highlighted the relationship with Harvard Management Company: “In connection with the sale to the QP Fund, we have formed… Read More

Blockstack Files Form 1-A to Issue Stack Tokens Under Reg A+ : “Our framework is consistent with the latest SEC guidelines”

Blockstack is the most recent blockchain based company to file for a Reg A+ securities offering to issue a security token. An offering circular filed with the Securities and Exchange Commission (SEC) explains in explicit detail the objective of the Blockstack tokens to be issued… Read More

Republic Reports 1,800,000 Note Tokens Have Been Granted

In less than one week, Republic, a crypto issuance and investment crowdfunding platform, has reportedly distributed over 1.8 million Note digital tokens. Note tokens were first revealed in March when it was revealed that Republic had acquired RenGen Labs (previously dba as SaftLaunch), Republic’s Note… Read More

Republic Commences Sign Up for Digital Asset “Note,” May Issue Under Reg A+ Rules

Investment crowdfunding platform Republic has kicked off the forthcoming distribution of the digital token “Note.” The issuance of the digital asset was foreshadowed by Republic’s acquisition of RenGen Labs, a private equity platform that has operated in the initial coin offering-security token offering sector of… Read More

StartEngine’s Reg A+ Self Crowdfunding Offering is Now Live. Invest by Credit Card up to $10K

StartEngine, a leading full-stack crowdfunding platform is in the first full week of a self crowdfunding round using Reg A+. StartEngine previously raised $5 million in 2018 using Reg A+. The offer seeks up to $9,000,000 from the sale of Common Stock and $1,000,000 from… Read More

StreetShares Reg A+ Filing Provides Insight into Operations of SME Lender

StreetShares, an online small business lender, has filed a Form 1-A with the Securities and Exchange Commission (SEC). By using Regulation A, or Reg A+, StreetShares may raise up to $50 million from both accredited and non-accredited investors. Reg A+ has been described as a… Read More

Caution: Online Funding Platforms Will Encounter More Regulatory Scrutiny in 2019

On January 22, 2019, the Financial Industry Regulatory Authority (FINRA) released its examination priorities for 2019.  At the top of the list was online funding platform compliance with the securities laws. With an uptick in the offer and sale of securities offerings online with Rule… Read More

Wyoming based AW Blockchain Mining Files Reg A+ Offering

AW Blockchain Mining has filed a Form 1-A with the Securities and Exchange Commission (SEC) indicating its intent to launch a security token offering (STO) seeking a max raise of $50 million. The Reg A+ Offering Circular states that the company seeks to issue 50,000,000 shares… Read More

Doug Ellenoff Comments on FINRA’s Priorities Letter & Intent to Target Online Securities Platforms, Points a Finger at ICOs

FINRA recently posted their annual Risk Monitoring and Examination Priorities Letter. As part of the letter, FINRA stated they would be evaluating how firms conduct suitability analyses as well as communications and AML requirements for both Reg D 506c and Reg A+ offerings. These two exemptions… Read More

FINRA’s Annual Risk Monitoring and Examination Priorities Letter Targets Online Platforms Issuing Securities

Last week, FINRA issued its annual Risk Monitoring and Examination Priorities Letter for 2019. The letter is a reference point as to what FINRA expects to target in the coming year. The missive includes an opening by FINRA President and CEO, Robert Cook, who said… Read More

US Government Shutdown Slams the Breaks on Reg A+ Issuers. Is there an Alternative to Fix the Logjam?

There has been a good amount of discussion about the impact of the government shutdown and the effect on government employees who are not being paid.  The shutdown is also undermining sectors of the economy that depend on furloughed public employees. One sector of finance that has… Read More

Digital Brands Group: DSTLD Transatlantic Crowdfunding Round Closes at $3.2 Million , Plans IPO on AIM for March

Digital Brands Group (DGB), a “digital-first clothing & lifestyle brands” best known for DSTLD, has closed on its most recent securities crowdfunding round. DSTLD / DGB raised $3.2 million in a transatlantic investment offering. US based SeedInvest leveraged its ongoing relationship with UK based Crowdcube… Read More

Realty Mogul’s Most Recent Reg A+ Filing Provides Insight into Platform Operations

RealtyMogul has filed an updated form 1-A for their MogulREIT I offering which was launched more than two years ago. A non traded REIT, MogulREIT I has an investment objective of generating passive income for investors. As the offering is issued using Reg A+ both… Read More

StartEngine to Close Reg D STO Round After Securing Funding Target

StartEngine is set to close its security token offering (STO), using the Reg D 506c securities exemption, this evening (December 31st). The round, which only open to accredited investors, made its debut less than six months after StartEngine closed its first Reg A+ round, raising nearly $5… Read More

OTC Markets Responds to Reg A+ Securities Trading Questions, Comments on New SEC Rule that Allows Listed Firms to Raise Capital Under the Exemption

This week, CI reported about a problem for Regulation A issuers (or Reg A+ as it is called). Speaking with Mark Elenowitz, a Wall Street veteran and CEO of Tripoint Global and Bank, he explained a nagging problem for issuers using the security exemption who… Read More

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