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Issuers in 8 offerings had previously been S1 Reporting Companies and had terminated Exchange Act reporting prior to their Regulation A filing.
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60% have recently conducted a Reg D offering to raise capital to pay for their Reg A+ offering.
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Equity offerings accounted for the majority of offerings at 90% of Qualified offerings, with 10% debt.
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The average amount sought by a Tier 2 issuer in a given offering was $26 million among Qualified offerings. By comparison, the average amount sought by a Tier 1 issuer in a given offering was $7 mill.
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80% of Tier 2 offerings are made on a delayed or continuous basis, compared to 32% of Tier 1 offerings.
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50%+ of all issuers are incorporated in either Delaware or Nevada.
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Broker or agent fees of $400k for Tier 1 and $1.1 mill for Tier 2 on average.
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The SEC is Qualifying new offerings at a rate of 8 per month.
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Average employee count in Tier 1 is 18 and in Tier 2 it is 70.
Dated Dec Regulation A+: What Do We Know So Far"? "who wrote the articleAnzhela Knyazeva Thank you to 7th 2016 for the SEC. This is a superb source of information we have excerpted for the above FAQ.
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