First Regulation A+ Offering Document Appears on EDGAR

Stinson - Corporate & Securities Law Blog
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Perhaps the first Regulation A+ offering document has appeared on EDGAR.  According to the documents it is a Tier 2 offering for up to $50,000,000.  The offering circular states the offering commenced on June 19, 2015.  The issuer seeks to acquire one to ten  parcels of real estate in the United States, and to develop and construct on each parcel a luxurious senior housing community consisting of independent living, assisted living and/or memory care for approximately 60 to 240 residents.

Like the first conflict minerals filings, I surmise the initial Regulation A+ filings will attract public scrutiny. Pick your precedents carefully.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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