Regulation A+ Becomes Effective
In our previous blog series on exempt offerings (available here http://www.rsmlawpllc.com/revisiting-reg-a/), we looked at Title IV of the JOBS Act, popularly known as Regulation A+, authorizing the SEC to modernize and expand the existing Regulation A. Regulation A+ is expected to facilitate small company capital formation by exempting offerings of up to $50 million within a 12-month period from the federal registration requirements and by allowing companies to “test the waters” either before or after the filing of the offering statement.
Today, June 19, 2015, Regulation A+ became effective.
If you have any questions about Regulation A+ or other issues not discussed here, please contact us.
This posting is intended to be a planning tool to familiarize readers with some of the high-level issues discussed herein. This is not meant to be a comprehensive discussion and additional details should be discussed with your transaction planners including attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. This article should not be treated as legal advice to any person or entity.
Steps have been taken to verify the contents of this article prior to publication. However, readers should not, and may not, rely on this article. Please consult with counsel to verify all contents and do not rely solely on this article in planning your legal transactions.
About the Author
So-Eun Lee – So-Eun Lee is an associate attorney in the New York office of The R. Shawn McBride Law Office, P.L.L.C. She concentrates her practice on business law. So-Eun can be contacted at: (347) 921-0173 or [email protected]. Her profile is available on www.mcbrideattorneys.com.
R. Shawn McBride – R. Shawn McBride is the Managing Member of The R. Shawn McBride Law Office, P.L.L.C. which helps clients in legal issues related to starting companies, joint ventures, raising capital from and negotiating with investors and outside General Counsel functions. Shawn can be contacted at: 407-517-0064; [email protected], or www.mcbrideattorneys.com.