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Technology Stocks : Equity Crowdfunding -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (27)11/4/2020 10:32:22 PM
From: Thehammer  Respond to 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.