A recent blog post by David Feldman Esq., reveals how “Last month, the Nasdaq quietly submitted a proposal to the SEC regarding Regulation A+.” According to Feldman, the proposal is simple enough to quote: “Any Company listing on Nasdaq in connection with an offering under Regulation A of the Securities Act of 1933 must, at the time of approval of
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Last week, the Securities and Exchange Commission announced the inaugural members of the Small Business Capital Formation Advisory Committee. The Committee will hold its first meeting on Monday, May 6, 2019, at the SEC’s headquarters in Washington, D.C. The Committee was established by the SEC Small Business Advocate Act of 2016, and is designed to provide a formal mechanism for
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We recently caught up with Charlie Napolitano to discuss The Reg A Conference scheduled for May 9, 2019. Q&A below. What is the conference’s history? Charlie Napolitano: “This is our second annual event. Since its enactment in 2015, Regulation A has offered an exemption from registration requirements for smaller companies that want to raise equity capital through a public offering
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This week, The Securities and Exchange Commission adopted final rules to allow reporting companies to rely on the Regulation A exemption from registration for their securities offerings. “Regulation A provides an exemption from registration under the Securities Act for offerings of securities up to $50 million in a 12-month period,” said Chairman Jay Clayton. “The amended rules will provide reporting
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Last Friday, The Securities and Exchange Commission announced the agenda and panelists for the 2018 Government-Business Forum on Small Business Capital Formation. The December 12 event will begin at 9 a.m. ET with opening remarks from the SEC Chairman and Commissioners followed by two morning panel discussions. The first panel will explore how capital formation options are working for
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This week, David Feldman, a partner in the global law firm of Duane Morris LLP, shared a post titled “The Reg A+ Shakedown Cruise: Trick or Treat?” In the post, Feldman discussed how with Reg A+ “There is quite a bit of both positive and challenging news as this new approach to a streamlined, simplified, cost-effective IPO sails through its
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According to CrowdFundInsider.com, the SEC has issued temporary rules for companies impacted by Hurricane Michael that issued securities under Regulation Crowdfunding and Regulation A. The “Interim final temporary rule” issued by the SEC on October 16th, provides that an issuer subject to the reporting requirements of either Regulation Crowdfunding or Regulation A is exempt from any requirement to file specified reports or
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At the recent Reg A+ Conference, Jillian Sidoti of Crowdfunding Lawyers delivered a presentation discussing what companies are paying to do Regulation A+ offerings. According to Sidoti, all Reg A companies must report certain costs in their filings including; – Legal fees – Audit fees – Underwriter – Sales commissions – Promoter fees So, What Are The Average Costs of A
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One of the oldest and biggest names in the cannabis space, High Times, is officially going public on the Nasdaq via Regulation A+. Last week, High Times announced that the Reg A share price will be set at $11, a valuation of approximately $225 million, and anyone can buy shares just by visiting hightimes.com/invest. The Reg A+ announcement comes after
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Yesterday, several hundred finance and legal professionals and investors participated in The Reg A Conference in New York City. The conference featured panels and keynotes covering a lot of hot Reg A topics. All of those panels and keynotes are now available for free online viewing! Some of the panels you can view on the conference website include; The State
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