Tagged: regulation a

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

SEC Smacks Down Persistent Alleged Fraudster Steven Muehler Who at One Time Announced a “National Crowdfunding Stock Exchange”

The Securities and Exchange Commission (SEC) has filed charges against Steven J. Muehler, his wife Claudia M. Muehler, his associate Koorosh “Danny” Rahimi and and three companies under control. The SEC enforcement action alleges operating an unregistered broker dealer, facilitating unregistered securities, defrauding small businesses while promising… Read More

Report Updates on Reg A+ & Reg CF Investment Crowdfunding Progress During 2017

Earlier this year, Amit Singh, an attorney and shareholder in the west coast law firm of Stradling, compiled data for Reg CF and Reg A+ issuers for 2017. These two securities exemptions represent two of the three rules that enable crowdfunding in the US and… Read More

What’s Different About BrewDog’s New Reg A+ Crowdfunding Offer?

BrewDog, the UK based craft brewer that wrote the book on independent crowdfunding campaigns with their Equity for Punks project, is prepping for a new Reg A+ crowdfunding offer in the US. This follows last years security offer when the US subsidiary of BrewDog filed… Read More

James Altucher’s Cryptocurrency Marketplace Bitzumi Plans Reg A+ Crowdfunding Offer

Bitzumi, a digital content and asset platform that expects to allow users to transact cryptocurrency and blockchain marketplace, has launched a Reg A+ crowdfunding round today. By using the Reg A+ securities exemption, any investor may participate in the funding round. Bitzumi is co-founded by… Read More

Canabis Company True Leaf Raises $14 Million in Cross Border US – Canada Crowdfunding Offer

This past week, True Leaf Medicine International Ltd. (CSE: MJ) (FSE: TLA) (OTCQB: TRLFF), announced it had closed on CDN $14 million in a cross border crowdfunding offer that saw participants by investors in both the US and Canada. True Leaf raised CND $10 million… Read More

High Times Files for Reg A+ Offering, Seeks NASDAQ Listing

High Times, or the company that owns the eponymous High Times Magazine, the Hightimes Holding Corp. (THC), has filed do do a Reg A+ offering that seeks to raise up to $50 million in the sale of common stock at a price of $11 per… Read More

Worthy Peer Capital Moves forward with Reg A+ Offer to Bring a Liquid Peer-Debt Product to Market Providing 5% Money Market Alternative

Worthy Peer Capital, a subsidiary of Worthy Finance, has received regulatory approval to raise funding under Reg A+. The crowdfunding round will be used to bring a new liquid peer-debt product to the entire investing ecosystem. Everyone knows that rates on Money Market accounts suck. But… Read More

Joy Schoffler Joins PE Firm Casoro Capital as Chief Strategy Officer

Joy Schoffler, a well known persona in the investment crowdfunding world, has joined private equity group Casoro Capital as Chief Strategy Officer. Schoffler founded and managed Leverage PR, a marketing firm that worked with many crowdfunding platforms, Fintechs and funding campaigns. In early 2017 after… Read More

Recording Star Drake Uses Reg A+ to Raise Funding for Virginia Black Bourbon whiskey

  Recording star Drake has partnered with Brent Hocking, a successful veteran from the spirits industry, to create Virginia Black, an aged Bourbon whiskey. The company is looking to raise $30 million and the founders have decided to leverage the Reg A+ crowdfunding exemption thus… Read More

Punch TV Reg A+ Offer is Temporarily Suspended by SEC After Raising $3 Million

Punch TV, perhaps the first potential issuer to attempt to raise capital using updated rules under Reg A+, has had its offer suspended by the Securities and Exchange Commission (SEC). The administrative proceeding by the SEC follows an “Offer of Settlement” by Punch TV that… Read More