Tagged: regulation cf

September 22, 2016 @ 2:32 pm By Joe Green & John Coyle  |  

Earlier this year, on May 16, 2016, the final portion of the JOBS Act became actionable. The much anticipated Title III provisions and Regulation Crowdfunding (Reg CF) went into effect, marking the official beginning of retail crowdfunding in the United States. While the industry is… Read More

September 19, 2016 @ 4:06 pm By JD Alois  |  

Sondors eBike creator Storm Sondors has filed a Form-C with the Securities and Exchange Commission (SEC) to raise capital for the Sondors Electric Car Company, a business created with the purpose of designing and developing an electric car labeled the “Model Sondors”. The filing states the… Read More

September 19, 2016 @ 6:00 am By Amy Wan  |  

First off, don’t panic. We’re not talking about hacking into computer networks or anything. Legal hacking, or hacking the law, doesn’t involve anything surreptitious. From an organization standpoint, Legal Hackers is an organization originating from Brooklyn Law School and now a global movement with over… Read More

September 10, 2016 @ 5:20 pm By JD Alois  |  

Green Sense Farm, raising capital under Reg CF on StartEngine, quickly hit its goal within the first 24 hours of listing. Green Sense Farms is a “vertical farm”. The company has established a vision of building a network of indoor vertical farms, and locate them… Read More

September 9, 2016 @ 12:30 pm By Youngro Lee  |  

“So why did you leave law to pursue crowdfunding?” Over the past couple years, I’ve received this question more than any other.  Prior to starting NextSeed in 2014, I was a lawyer for over 7 years specializing in private equity fund formation and private investments. … Read More

September 1, 2016 @ 7:03 pm By JD Alois  |  

The list of approved and regulated Regulation CF platforms is growing. The roster now stands at 15 FINRA regulated crowdfunding platforms.  The most recently approved platform, ‘Mr. Crowd’ has an interesting progeny as it is being launched by Allen Au and his Ksdaq, Inc. corporation…. Read More

August 27, 2016 @ 10:43 am By JD Alois  |  

That’s right. StartEngine, one of the leading investment crowdfunding platforms in the US, has eliminated the fee associated with raising capital under Reg CF.  Previously the platform charged a 5% service charge so if an issuer was raising $1 million they had to pay $50,000… Read More

August 23, 2016 @ 10:47 pm By JD Alois  |  

Crowdfund Capital Advisors (CCA), along with the help of Crowdnetic, has added some detail to the first 3 months of Reg CF / Title III retail crowdfunding.  CCA describes the progress as a “healthy start”.  Reg CF, a securities exemption that lets small issuers raise… Read More

August 16, 2016 @ 9:17 am By JD Alois  |  

Reg CF, created under Title III of the JOBS Act, was launched on May 16th of this year as the new securities exemption became available to SMEs seeking investors.  Under Reg CF, issuing companies may sell securities to both accredited and non-accredited investors to raise… Read More

August 14, 2016 @ 7:31 pm By Amy Wan  |  

Within its first three months, Regulation Crowdfunding investor commitments for campaigns that have met their minimum funding goals have surpassed $5 million, as reported by NextGen Crowdfunding. Regulation Crowdfunding, also known as Title III or Reg CF for short, enables companies to raise up to… Read More

August 13, 2016 @ 1:37 pm By JD Alois  |  

Hops & Grain, a craft brewery based in Austin, Texas, has raised $1 million on Wefunder – the maximum amount they are able to raise under Reg CF. The crowdfunding offer set a minimum goal of raising just $50,000 and quickly topped that amount. The… Read More

August 10, 2016 @ 10:47 pm By Scott Andersen & George S. Georgiades  |  

General solicitation is growing for securities offerings conducted under Rule 506(c) and Reg A+ Tier II in the US.  A more limited form of general solicitation is also available to issuers participating in offerings pursuant to Title III of the JOBS Act (Crowdfunding).  Issuers may… Read More

August 8, 2016 @ 2:04 pm By JD Alois  |  

LegionM is now the second Reg CF offer to hit $1 million. The offer was scheduled to close later this month but under the securities exemption, issuers may only raise up to $1 million. The first Reg CF offer to ring the million dollar bell… Read More

August 5, 2016 @ 3:58 pm By JD Alois  |  

Hops & Grain, one of the very first companies to raise growth capital under Reg CF crowdfunding, has successfully raised $765,970 on Wefunder.  The San Marcos, Texas-based craft Brewery set a minimum funding goal of $50,000.  According to the campaign page, 405 investors participated in the… Read More

August 5, 2016 @ 10:10 am By JD Alois  |  

Title II and Title IV of the JOBS Act created two different forms of investment crowdfunding. Title II allows issuers to “generally solicit” or advertise securities  sold under this exemption. The catch is that only  accredited investors may purchase these securities.  Title IV of the… Read More

August 3, 2016 @ 11:46 pm By JD Alois  |  

Dan Miller, co-founder of Fundrise and founder of Myrtle Grove Ventures, has released a statement saying, “online finance and equity crowdfunding, in particular, will see significant and international growth over the next 10 to 20 years.” Miller highlights Title III of the JOBS Act, also… Read More

August 2, 2016 @ 10:26 am By JD Alois  |  

Title III or Reg CF crowdfunding holds great potential to provide access to capital for smaller companies but also includes multiple shortcomings. The woefully small funding cap and the hobbled rules stapled on by regulators have created a securities exemption that is ok but could… Read More

August 1, 2016 @ 4:11 pm By JD Alois  |  

Snapwire, a photo start­up that  allows brands to crowdsource photos for their social and marketing needs, announced that is had successfully filed and launched a Reg CF / Title III equity crowdfunding campaign under new rules provided by The JOBS Act that went into effect… Read More

July 28, 2016 @ 5:45 pm By Anthony Zeoli  |  

In early June, the U.S. House of Representatives, Financial Services Committee, approved the “Fix Crowdfunding Act” bill (HR 4855). Maybe it’s the title of the bill that is misleading, but since then I have seen multiple articles which incorrectly describe what this legislation, if fully… Read More

July 28, 2016 @ 10:34 am By JD Alois  |  

Regulation CF, or Title III retail crowdfunding, kicked off on May 16, 2016. We just had the first close under the new securities exemption last week. Today we have the first offer that closed at the top of the funding cap – $1 million. Beta… Read More