www.TheSecuritiesAttorneys.com
Reg A+ Advertising
Disclaimer
This is not legal or investment advice of any kind
Seek competent advice from qualified attorneys and investment bankers
Your situation may vary
The more you know about finance and business, the more you can profit
Caution
This is only a very brief summary
Make sure you comply with the rules
Seek competent advice from a qualified securities attorney
You can do “test
the waters” solicitations to
the general public either before or
after the filing of the Reg A+
offering statement with
the SEC
If you test the waters before
filing the offering with the SEC,
you do not have to file anything with the SEC
However, you must put a
legend on the all ads whether
before or after filing the offering
The legend says three things:
(1) no money or other
consideration is being solicited, and if sent, will
not be accepted;
(2) no sales will be
made or commitments to
purchase accepted until the
offering statement is qualified;
and (3) a prospective purchaser’s indication of
interest is non-binding.
After you file your
Reg A+ offering with the SEC, you have to add your preliminary offering circular
or a link to it with your ads
`
If your preliminary offering circular
changes, you must update
If you make a
non-public filing with the SEC,
you must make it public 21 days
before qualification
You have to file your solicitation documents with
the SEC
You must deliver the final offering circular no later
than two business days after sale
You can make regularly released factual business communications
but . . .
This generally does not include predictions, forecasts, or opinions on
security valuations
Reg A+ offerings are generally not integrated with other offerings
But you must be very careful with
ads for both offerings
To get a more detailed memo on
what you can and cannot do, email me, John E. Lux at
[email protected]
I look forward
to talking with
you.
www.TheSecuritiesAttorneys.com
Questions – email me at John.Lux@ Securities-Law.info
(202) 780-1000
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Reg A+ Offering – Equity
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