Recently, at a Crowdfunding conference in L.A., I met with three company CEOs all in the process of doing Reg A+ deals. When I asked them about their plans for secondary trading, I was surprised by the answer. All three responded with some variation of “we don’t plan on going public – we will just issue the shares, there won’t be a market.” Upon returning home I found another company advertising in GQ magazine offering shares for their Reg A+ deal. In the Risks and Disclosure section of their Reg. A+ materials I came upon this statement: Continue reading “Don’t Look Now: You’re Public”
OTC Markets Group recently held a Regulation A+ Bootcamp at our OTC Market Center in Manhattan to educate public and private companies about how to do a successful Reg A+ offering and go public under the Jumpstart Our Business Startups Act (JOBS Act).
Speakers included the team behind Elio Motors’ Reg A+ offering – Ron Miller of StartEngine Crowdfunding, Inc., Darren Marble of CrowdfundX, Scott Purcell of FundAmerica, LLC, and Seth Farbman and Yoel Goldfeder of VStock Transfer, LLC – as well as other crowdfunding industry experts who discussed everything from the current state of the Reg A+ market to how to crowdfund an offering to legal and accounting considerations, the escrow process, selecting a transfer agent and making shares tradable in a public market. Continue reading “6 Key Takeaways from Our Reg A+ Bootcamp”