SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Equity Crowdfunding

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Glenn Petersen who wrote (27)11/4/2020 10:32:22 PM
From: Thehammer   of 37
 
Hi Glenn,

Thanks for posting this. I did receive the following from StartEngine who has been advocating for the changes.
They summarized as follows:

Increasing the maximum amount companies can raise from $1.07M to $5M.Amending the investment limits for investors by 1) removing investment limits for accredited investors and

2) using the greater of their annual income or net worth when calculating the investment limits for non-accredited investors.

Extending Reg CF's COVID-relief measures for an additional 18 months.


Permitting “test-the-waters” communications, which allows issuers to solicit interest from investors prior to filing the offering documents and can help issuers determine which exemption (Regulation Crowdfunding or A+) to use.
Permitting “demo day” communications that would not be deemed general solicitation or general advertising.
Permitting Special Purpose Vehicles in Regulation Crowdfunding offerings.

Also will note that Kevin O'leary of Shark Tank fame has taken a position and is a paid shill for StartEngine. Just recently started a secondary market for these securities although the only one trading currently is StartEngine. They plan to add more but there are quite a few operational hurdles to trading these securities.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext