Tagged: regulation a

Are NFTs Securities? OMG!

On March 11th, Beeple became the third highest-paid living artist with a $69M sale of one of his works as an NFT, a non-fungible token on the blockchain. This sale is one of many at the front of NFTs, blockchain’s latest hype machine of digital… Read More

SeedInvest, Wefunder, and Other Funding Portals are Beneficiaries of Updated Crowdfunding Rules, but Private Funds with Security Token Capabilities May Also Benefit

Peter Gaffney from the Security Token Group (STG), which is focused on the emerging blockchain-based security token space, notes that the significantly outsized return potential of angel investing, venture capital, and private equity are “well-known” in the finance industry. Gaffney explains that traditionally, direct access… Read More

Exodus Movement Files Reg A+ to Raise Up to $75 Million, Selling Shares Purchased with Bitcoin, Ethereum and USDC

Exodus Movement has filed a Form 1-A to raise up to $75 million in a Reg A+ offering that hopes to sell shares that can be paid for in Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC). Exodus is the creator of the Exodus Wallet,… Read More

Virtuix, Creator of the Omni One, Tops $11 Million on SeedInvest, Over 4000 Investors

Virtuix, the creator of the Omni One platform that allows gamers to better interact with virtual worlds, has surpassed $11 million in funding using Reg A+. The securities offering is being hosted on SeedInvest and over 4000 investors have backed the offering which has a… Read More

SEC Office of Advocate for Small Business Shows Need to Improve Exemptions, Make Access to Capital Easier

Recently, the SEC’s Office of the Advocate for Small Business Capital Formation (OASB) shared a presentation outlining the performance of securities exemptions during 2020. The presentation reviewed the utilization of Reg D, Reg A+, and Reg CF as these are the main avenues to raise… Read More

StartEngine Files for Reg A+ Loans Fund

StartEngine, a leading investment crowdfunding platform, has filed another Form 1-A indicating its intent to list a Reg A+ offering labeled StartEngine Loans Fund I LLC. The loan fund is described in the offering circular as follows: “StartEngine Loan Fund I LLC’s mission is to… Read More

StartEngine Files for $15 Million Reg A+ Collectibles Fund Targeting Wine and Music

Leading investment crowdfunding platform StartEngine has filed a Form 1-A indicating its intent to offer the StartEngine Collectibles Fund. According to the filing, the Reg A+ offering will be split between two types of collectibles including wine and music. The document reveals that if fully… Read More

After Long Wait, Updates to Crowdfunding Exemptions Publish in Federal Register with New Rules Effective in March

After a long delay, final rules approved by the Securities and Exchange Commission (SEC) have made their way over to the Federal Register. By being published in the Federal Register, the clock begins ticking as to when the new rules become available to use by… Read More

Doug Ellenoff Comments on Updates to the Exempt Offering Ecosystem. Momentum in SPACs Expected to Continue

  Doug Ellenoff, the Managing Partner of Manhattan law firm Ellenoff, Grossman and Schole (EGS), has been involved with the Fintech sector since the early days of the JOBS Act – the legislation that eventually legalized investment crowdfunding. He is not only deeply engaged with… Read More

Republic Real Estate Adds First Reg A+ Offering to its Platform with Streitwise REIT

  Republic is quickly morphing into an investment crowdfunding platform for every type of vertical. Launched as an early-stage investment platform, Republic now operates verticals for gaming, digital assets, real estate, and more. Today, Republic Real Estate is listing its first Reg A+ offering in… Read More

Blockstack Says its Token is No Longer a Security as it is Sufficiently Decentralized

Blockstack, a digital asset issuer that pursued a Reg A+ offering for its tokens (STX), believes the token is sufficiently decentralized to no longer be considered a security, according to a memo drafted by Blockstack’s lawyers. Blockstack was the first token issuer to have a… Read More

Investment Crowdfunding Advocates Join to Launch New Fintech Startup GUARDD in Move to Boost Secondary Markets for Exempt Securities

The exempt securities marketplace can be arcane and challenging to manage for entrepreneurs seeking to raise capital. The advent of online capital formation has helped to democratize access to capital as well as streamline securities offerings but hurdles do remain. A new startup co-founded by… Read More

The Exempt Offering Ecosystem: What the SEC Changed

TL;DR – The SEC announced a series of amendments (likely to be effective early next year) to the rules governing private offering exemptions – by far the most frequent path for venture fundraising.  The amendments retain the same “menu” of exemptions but make incremental improvements…. Read More

Real Estate Crowdfunding Platform GROUNDFLOOR Comments on SEC’s Decision to Increase Reg A+ to $75 Million

Last week, the Securities and Exchange Commission announced a series of updates to the exempt offering ecosystem that included changes to online capital formation. While Reg CF received a nice increase from $1.07 million to $5 million, Reg A+ (Tier II) also received some attention… Read More

Cato’s Director of Financial Regulation Studies Comments on SEC’s Exempt Ecosystem Update: A Welcome Step to Streamline the Exceedingly Complex Capital Raising Rules

As previously reported, the Securities and Exchange Commission (SEC) has updated the exempt offering ecosystem – changes that impact online capital formation including Reg CF and Reg A+. The amendments published the SEC include funding cap increases to both the aforementioned exemptions while additional updates,… Read More

Carlos Domingo, CEO of Securitize: More Startups Will Now Use Reg CF

Yesterday, the Securities and Exchange Commission updated rules affecting the exempt offering ecosystem. Many of the changes impact online capital formation and the regulatory environment that issuers may leverage to raise capital online and the ability of platforms to assist in these securities offerings. The… Read More

The SEC Updates Reg CF, Reg A+ and More. Boosts Reg CF to $5 Million, Reg A+ Increased to $75 Million

During an open meeting of the Securities and Exchange Commission (SEC), the Commission approved updates to the exempt offering ecosystem that are designed to improve access to capital, boost access to greater opportunity for investors while maintaining important investor protection criteria. In a party-line vote,… Read More

Miso Robotics Says White Castle is Expanding Flippy into More Locations

Remember Flippy? Well, it appears that White Castle likes the robotic burger flipper enough it is expanding its service into ten new locations. According to a note from Miso Robotics, the popular fast food change is adding the first autonomous grilling and frying kitchen assistant,… Read More

SEC Schedules Open Meeting on Expanding Access to Capital for Small and Medium-sized Businesses

The Securities and Exchange Commission (SEC) has scheduled an open meeting to “consider whether to adopt rule amendments to facilitate capital formation and increase opportunities for investors by expanding access to capital for small and medium-sized businesses and entrepreneurs across the United States.” The meeting… Read More

First of its Kind. Republic Reg A+ Offering Approved for Fig Game Console, Investors Receive Cut of the Action

Last April in a significant strategic move, Republic acquired Fig – a crowdfunding platform for video games that issued securities under Reg A+. Republic is a leading investment crowdfunding platform in the US that continues to add new verticals and products as it builds out… Read More

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