Earlier this week, the Securities and Exchange Commission (SEC) announced a new set of rules implementing Title IV of the JOBS Act.
These changes affect Regulation A small public offerings, and are colloquially referred to as “Reg A+”.
The release of these final rules further advances one of the core principles and goals of the 2012 law: to create an environment where emerging enterprises can raise public capital efficiently.
The rules approved by SEC commissioners on Wednesday lift the ceiling on the amount of capital a business can raise in a Regulation A offering from $5 million to $50 million, split into two “Tiers” — up to $20 million in 12 months (Tier 1) and up to $50 million in 12 months (Tier 2). Companies raising less than…
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