On December 7th, the Securities and Exchange Commission released a white paper titled “Regulation A+: What Do We Know So Far?“.
This paper examines offering activity in the Regulation A+ market during June 2015-October 2016 and provides preliminary evidence on the impact of the 2015 amendments.
The Commission amended Regulation A, an exemption from securities registration, as part of implementing the JOBS Act. These amendments (Regulation A+) became effective on June 19, 2015.
In a recent blog, Attorney David Feldman highlights his favorite quote from the white paper – “Early signs indicate that Regulation A+ may offer a potentially viable public offering on-ramp for smaller issuers—an alternative to a traditional registered IPO—and either an alternative or a complement to other securities offering methods that are exempt from Securities Act registration.”
The full white paper can be viewed HERE.