The JOBS Act would assist private companies in capital formation in several ways by:
- Creating a “crowdfunding” exemption to federal and state securities registration requirements for private US companies seeking capital if the aggregate amount of securities sold did not exceed $1 million in any 12-month period and certain other restrictions were met;
- Increasing the Regulation A exemption offering amounts from $5 million to $50 million , although such offerings would remain subject to state registration requirements if they do not meet certain criteria...
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