JOBS Act, Small Offering Exemptions

Jumpstarting the Next JOBS Act - JOBS Act 4.0

Goodwin on 5/24/2022

The Jumpstart Our Business Startups (JOBS) Act was signed into law by President Barack Obama on April 5, 2012 and aimed to improve access to public capital markets for emerging growth companies. While largely considered a...more

Rule 506(b) Offerings Continue to Dominate Small Business and Real Estate Equity Offerings

Whitman Legal Solutions, LLC on 1/13/2020

Most start-up businesses and real estate funds are in the same position as professional violinists–they don’t have sufficient capital to finance their business plans or real estate acquisitions. They may have access to some...more

Financial CHOICE Act Aims to Open Capital Markets and Reduce Regulatory Burdens

Skadden, Arps, Slate, Meagher & Flom LLP on 6/12/2017

On June 8, 2017, the House of Representatives passed, by a 233-186 party-line vote (with all Democrats and one Republican voting against), the Financial CHOICE Act of 2017, a bill principally designed to reverse many features...more

New Era in Private Capital Raising – Opening Up General Solicitation and General Advertising

Sands Anderson PC on 8/25/2015

The next few years may be the largest watershed event in opening up private equity capital since the 1980s when Regulation D was first published by the Securities and Exchange Commission (“SEC”). By allowing general...more

Are You A US Private Company Looking For Capital? Regulation A+ May Be Your Answer.

Blank Rome LLP on 6/29/2015

The amended Regulation A became effective on June 19, 2015, and the SEC has recently provided helpful guidance about it. On June 18, 2015, the SEC made available “Amendments to Regulation A: A Small Entity Compliance Guide”...more

“Notable By Their Absence: Finders And Other Financial Intermediaries In Small Business Capital Formation”

Shumaker, Loop & Kendrick, LLP on 6/26/2015

Small businesses are often regarded as the catalyst for economic growth in the United States. Small businesses account for the creation of two-thirds of all new jobs, and are the incubators of innovation. The majority of...more

Florida House and Senate Pass Intrastate Crowdfunding Legislation

Holland & Knight LLP on 6/8/2015

In light of the SEC’s significant delay in implementing the national equity crowdfunding rules regarding the JOBS Act crowdfunding exemption, a growing number of states have recently adopted laws regulating intrastate...more

SEC Adopts Final Rules to Implement "Regulation A+"

BakerHostetler on 5/27/2015

As part of its mandate under the JOBS Act to facilitate capital raises by smaller companies and emerging businesses and its continuing effort to broaden the number of investment options for investors, the Securities and...more

Crowdfunding: A New Way for Montana Companies to Raise Money

Dorsey & Whitney LLP on 5/20/2015

A new exemption passed in the Montana 2015 legislative session will allow Montana companies to use crowdfunding to offer and sell securities in Montana beginning July 1, 2015. This exemption is subject to various limitations...more

Can Regulation A+ Succeed Where Regulation A Failed?

Pillsbury Winthrop Shaw Pittman LLP on 5/7/2015

On March 25, 2014, the Securities and Exchange Commission (SEC) adopted final amendments to Regulation A under the Securities Act of 1933, or what is now being referred to as Regulation A+. While much of the existing...more

Amendments to "Regulation A" - A Step Toward Middle Ground in Smaller Company Capital Formation

Akerman LLP on 5/7/2015

On March 25, 2015, the Securities and Exchange Commission (Commission) adopted final rules amending Regulation A. These new rules, which are often referred to as Regulation A+, were mandated by Title IV of the Jumpstart our...more

SEC Adopts Rules to Implement Regulation A+, Providing New Avenue for Capital Formation

WilmerHale on 5/4/2015

Overview - On March 25, 2015, the Securities and Exchange Commission (SEC) adopted amendments to Regulation A (Regulation A+) pursuant to Section 401 of the Jumpstart Our Business Startups Act (JOBS Act) for offers...more

SEC Adopts Final Rules on Regulation A+

Morgan Lewis on 5/1/2015

On March 25, 2015, the Securities and Exchange Commission (SEC) adopted final rules to amend Regulation A pursuant to the mandate under Title IV of the Jumpstart Our Business Startups Act (JOBS Act) that directed the SEC to...more

SEC Rules Expand Access to Capital via Larger Private Offerings (Regulation A+)

Burns & Levinson LLP on 4/24/2015

On March 25, 2015, the Securities and Exchange Commission (“SEC”) issued new rules that will enable private companies to raise as much as $50 million in a 12-month period through private offerings of securities exempt from...more

JOBS Act Update: SEC Adopts Reg. A+ Rules

Smith Anderson on 4/24/2015

On March 25, 2015, the Securities and Exchange Commission (SEC) voted to adopt groundbreaking rules implementing Section 3(b)(2) of the Securities Act of 1933 (the Securities Act), as mandated by Title IV of the JOBS Act...more

The Alphabet Soup of Raising Capital: Regulation A or Regulation D — What Would You Prefer?

Blank Rome LLP on 4/23/2015

On June 19, 2015, amended Regulation A recently adopted by the SEC will become effective. The new Regulation A, mandated by the JOBS Act and often dubbed as Regulation A+, is a significant improvement over the old Regulation...more

Crowdfunding Gets Local: What Entrepreneurs and Start-Ups Need to Know to Capitalize on Exemptions for Intrastate Crowdfunding in...

Clark Hill PLC on 4/21/2015

Many entrepreneurs and start-up companies are looking for innovative ways to raise money without the red tape of the securities laws. Crowdfunding is often touted as the solution to this dilemma. In its simplest terms,...more

Going from A to A+: SEC Approves Amendments to Regulation A

Akin Gump Strauss Hauer & Feld LLP on 4/14/2015

On March 25, 2015, the U.S. Securities and Exchange Commission unanimously adopted final rules to amend Regulation A, as mandated by Title IV of the Jumpstart Our Business Startups Act (JOBS Act). Whereas the existing...more

SEC Approves Final Rules for Regulation A+

Troutman Pepper on 4/10/2015

On March 25, the U.S. Securities and Exchange Commission (SEC) adopted final rules amending Regulation A to implement the provisions of Section 401 of the Jumpstart Our Business Startups Act (JOBS Act). The new rules confirm...more

SEC Amendments to Regulation A Create New Exemptions for Offerings up to $50 Million

Proskauer Rose LLP on 4/9/2015

On March 25, 2015, pursuant to a JOBS Act mandate, the SEC adopted amendments to Regulation A, exempting offerings now of up to $50 million and eliminating some of the impediments to use of the exemption....more

SEC Adopts Regulation A+ Rules

Latham & Watkins LLP on 4/8/2015

As amended, Regulation A now provides an exemption from registration for certain issuers offering up to US$50 million of securities in a 12-month period. On March 25, 2015, the Securities and Exchange Commission (SEC)...more

SEC Adopts Amendments to Regulation A to Facilitate Small Issuer Access to Capital

Cozen O'Connor on 4/3/2015

On March 25, the SEC unanimously voted to adopt amendments to Regulation A under the Securities Act of 1933, as amended (the Securities Act), and the related forms and filing and delivery requirements, to implement Title IV...more

SEC Adopts "Regulation A+" That Expands Capital Raising Flexibility for Non-Public Companies

Holland & Knight LLP on 4/3/2015

On March 25, 2015, the U.S. Securities and Exchange Commission (SEC) adopted final rules that will greatly facilitate the ability of private (i.e., non-SEC reporting) financial institutions and other companies to access the...more

A Compilation of Enforcement and Non-Enforcement Actions

Foley & Lardner LLP on 4/1/2015

Non-Enforcement Matters - SEC 2015 Rulemaking Geared to Asset Managers - Certain Personnel of Registered Municipal Advisers Will Be Subject to Qualification Exams - Rulemaking Completed for Reg A+, But Will It Matter? -...more

In Long-Awaited SEC Action – Access to Capital for Entrepreneurial Startups Facilitated by New Rules - Venture Capital and...

McCarter & English, LLP on 4/1/2015

On March 25, 2015, in a long-awaited action by the SEC, the regulatory agency finally made a bold move intended to facilitate access to capital for entrepreneurial, high tech startups and other smaller companies. Pursuant to...more

The Jump-Start Our Business Start-Ups Act › Small Offering Exemptions

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