Attorneys Answer Reg A+ Frequently Asked Questions
The 2017 Planet MicroCap Showcase featured a number of great panels geared towards microcap professionals. One such panel was the “Financing Trends for 2017 from a Legal Perspective” sponsored by Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP.
The panel was moderated by Margaret Rosenfeld of Smith Anderson. Speakers included Lance Kimmel – SEC Law Firm, Louis A. Bevilacqua – Bevilacqua PLLC, and Lazarus Rothstein – Legal & Compliance LLC.
One of the most popular topics of the panel was Reg A+. Below are some paraphrased excerpts of the top Reg A+ questions and answers.
Q: How much does a Reg A+ cost?
A: $300,000 to $400,000
Q: How can a cash strapped company fund a Reg A?
A: Three options; 1. convertible notes, 2. merchant cash advance, 3. Do a smaller crowdfunded raise under Regulation CF to fund the Reg A
Q: What us the time frame for a Reg A+?
A: 90 to 120 days from filing to approval.
Watch the full panel discussion HERE.