Tagged: regulation a

DSTLD CEO Says Ready to Proceed with Goal of Listing on NASDAQ Following Close of Reg A+ Offering

DSTLD (or Digital Brands Group), a fashion brand and direct to consumer e-retailer, is preparing to close its Reg A+ investment crowdfunding offer hosted on StartEngine. Once the offer closes, DSTLD appears to be ready to try and list its shares on NASDAQ, according to… Read More

Modern Winery Winc Seeks Up to $15 Million on SeedInvest

Winc, a “modern winery” that wants to directly connect their brands to consumers is looking to raise up to  $14,999,550 in a Series D round hosted on SeedInvest. The securities offering for preferred equity is being offered under Reg A+. SeedInvest highly vets issuers that… Read More

Real Estate Investment Platform Fundrise Touts Performance Over Past 5 Years

Fundrise, a digital marketplace for real estate investments, is distributing an email touting platform returns. Fundrise started as a single property investment crowdfunding platform that has since migrated over to an unlisted REIT platform offering a diverse group of “eREITs” or funds targeting different sectors… Read More

How Much Does a Reg A+ Offering Cost?

Manhattan Street Capital has circulated an email that outlines the cost of doing a Reg A+ securities offering. While I know not everyone may agree with their analysis, Manhattan Street Capital is a platform that facilitates Reg A+ offerings and thus has some boots on… Read More

Harbor Gains Approval as SEC Registered Transfer Agent to Expand Scope of Digital Securities Services

Harbor has received regulatory approval to operate an SEC-registered transfer agent, according to a company release. Habor recently received approval to receive a Broker-Dealer License from FINRA. The approval will help expand Harbor’s digital securities services including Reg A+, alternative assets and other traditional capital… Read More

Legion M’s 5th Crowdfunding Round Scheduled to Close Next Week, $9 Million Raised Over Time

In less than 7 days, Legion M will close its 5th crowdfunding round currently hosted on Wefunder under the Reg A+ exemption. According to the campaign page, Legion M has raised $4.86 million from 15,792 investors but a not from the company indicates that lifetime… Read More

Automation Finance Files Fourth Reg A+ Offering, Reports Average Return of 21.5% to Investors

Automation Finance (AF), a distressed debt platform in the real estate sector, is seeking $50 million in a Reg A+ offering. Founded in 2015, AF claims that it has returned a weighted average of 21.5% to investors in its 3 earlier funds. This newest offering… Read More

Reg A+ Issuer Blockstack Has STX Token Listed on Binance and HashKey Pro

New York-based Blockstack, a decentralized computing network where users control their data and login information, announced that its Stacks (STX) token has been listed on digital asset exchanges Binance and HashKey Pro. Hashkey Pro is a Hong Kong based digital asset exchange for institutional investors…. Read More

Fatburger Parent Company, FAT Brands, to Issue Bond Token on Ethereum

FAT Brands (NASDAQ:FAT), the parent company of restaurant chains Fatburger, Bonanza Steakhouse, Ponderosa Steakhouse, Buffalo’s Cafe, Elevation Burger and Hurricane Grill & Wings, reportedly plans to sell $30 million USD in bonds tokenized on the Ethereum blockchain network. According to Asset-Backed Alert, FAT Brands is… Read More

3rd Round: NowRx Seeks $20 Million as it Returns to SeedInvest with Crowdfunded Offering

NowRx, an on-demand pharmacy that provides same-day delivery, is returning to SeedInvest for its 3rd crowdfunded offering. NowRx is seeking up to $20 million on a pre-money valuation of $65 million. Like many of the offerings on SeedInvest, investors get preferred equity in the Series… Read More

Republic Adds More Perks to its Note Token, Still No Qualification on Reg A+

Republic launched its Note token earlier this year. In July, Republic shared that over 3 million of the digital assets have been distributed since it was revealed. This week, Republic revealed more “rewards” affiliated with Note as well as more ways to earn the token…. Read More

SEC Receives $6.8 Fraud Judgement Against Reg A+ Issuer Longfin and Former CEO Venkata S. Meenavalli

On September 26, 2019, Judge Denise L. Cote of the U.S. District Court for the Southern District of New York entered a default judgment against Longfin and former CEO Venkata S. Meenavalli ordering a total of $3,532,235 in disgorgement of all proceeds raised in Longfin’s… Read More

Fig Portfolio Shares: Crowdfunding Platform Enables Investors to Back Portfolio of Games

Fig Reports Majority of Released Games are Profitable Fig, a unique investment platform that was “created for gamers, by gamers,” has announced a new offering “Fig Portfolio Shares.” Fig will now provide access to investors to a basket of securities from games funded by Fig… Read More

Lawsuit Filed Against Real Estate Investment Platform Rich Uncles

Real estate investment platform Rich Uncles (BrixInvest LLC) was hit with a lawsuit this past week filed in the Superior Court of the State of California in Los Angeles. Rich Uncles uses non-listed REITs, typically using the Reg A+ securities exemption, to enable investors to… Read More

Blockstack Reports $23 Million Raised in First Reg A+ Token Offering

Blockstack, the first token issuer to have a Form 1-A approved by the Securities and Exchange Commission (SEC) has raised $23 million in their offering which included funds raised under Reg S for international investors. The final tally was revealed by Blockstack in a blog… Read More

Risk Mitigation: Assurely Co-Founder David Carpentier Shares Insight into Future of Insurtech & Online Capital Formation

Assurely is a unique Insurtech platform that is first targeting online capital formation platforms to provide a new level of confidence for the issuance of securities be they traditional or digital. The company was co-founded by two established entrepreneurs, CEO David Carpentier and Chief Insurance… Read More

On the Second Anniversary of the DAO: The Token Universe’s Cat Food Moment

Recently we marked the second anniversary of the SEC’s issuance of an Investigative Report finding that the DAO Tokens were securities.   While this killed the hopes of those who had interpreted SEC silence to mean consent to the unregulated issuance of tokens, it still… Read More

Crowdfunding Hotels: HotelierCo Uses Reg A+ to Finance First Boutique Hotel

HotelierCo, a new entrant in the property crowdfunding space, says its first offering for a boutique luxury hotel in West Cape May, New Jersey: The Ewing Hotel. This niche online investment platform is using Reg A+ to raise capital from both accredited and non-accredited investors. According… Read More

Attorney Doug Ellenoff Comments on Blockstack Reg A+ Offering: “Chameleon Tokens – sometimes they are securities and sometimes they are arguably not”

Blockstack has kicked off the first qualified Reg A+ token offering. Blockstack has reportedly worked closely with the Securities and Exchange Commission (SEC) to get the offering approved. Multiple issuers have been attempting to use the JOBS Act exemption to facilitate security token offerings due… Read More

Legion M Returns for 5th Crowdfunding Round Using Reg A+

Legion M, a fan-owned film company, has re-opened its Reg A+ offering for round number 5 of crowdfunding. The offer is now live on Wefunder. To date, Legion M reports that it has raised over $7 million via equity crowdfunding, backed by 16,000 fan-investors to… Read More

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