I was reading about the Tier I Reg A offering. It's a very interesting proposition for a company looking to raise serious money.
This is from the SEC website:
Tier 1
Under Tier 1, a company can raise up to $20 million in any 12-month period. In connection with any offering under Regulation A, all investors must be provided with, or given information to access, an offering circular. For Tier 1 offerings, this offering circular must also be filed with, and is subject to review and qualification by, the staff at the SEC as well as by the securities regulator in the states where the offering is being conducted. There may be additional materials that you receive in addition to the offering circular.
Qualification. For both tiers under Regulation A, a company can only accept payment for the sale of its securities once its offering materials have been qualified by the staff at the SEC. Additionally, companies that are conducting a Tier 1 offering must generally have their offering materials qualified by state securities regulators in the states in which the company plans to sell its securities. It is therefore important to know whether an offering has been qualified. Investors, however, should understand that the SEC’s qualification of an offering statement does not mean that the SEC has assessed the accuracy of the offering statement or the merits of the securities offered.
https://www.sec.gov/oiea/investor-alerts-bull...tiona.html
The nice thing about this capital raise is it doesn't impact $BCAP's share structure.
From the PR:
While shareholders of TGGI and Baron will benefit from this plan, Baron shareholders will be protected from any dilution resulting from capital raises as all funds will come from the Reg A offering in TGGI.
This is from the SEC website:
Tier 1
Under Tier 1, a company can raise up to $20 million in any 12-month period. In connection with any offering under Regulation A, all investors must be provided with, or given information to access, an offering circular. For Tier 1 offerings, this offering circular must also be filed with, and is subject to review and qualification by, the staff at the SEC as well as by the securities regulator in the states where the offering is being conducted. There may be additional materials that you receive in addition to the offering circular.
Qualification. For both tiers under Regulation A, a company can only accept payment for the sale of its securities once its offering materials have been qualified by the staff at the SEC. Additionally, companies that are conducting a Tier 1 offering must generally have their offering materials qualified by state securities regulators in the states in which the company plans to sell its securities. It is therefore important to know whether an offering has been qualified. Investors, however, should understand that the SEC’s qualification of an offering statement does not mean that the SEC has assessed the accuracy of the offering statement or the merits of the securities offered.
https://www.sec.gov/oiea/investor-alerts-bull...tiona.html
The nice thing about this capital raise is it doesn't impact $BCAP's share structure.
From the PR:
While shareholders of TGGI and Baron will benefit from this plan, Baron shareholders will be protected from any dilution resulting from capital raises as all funds will come from the Reg A offering in TGGI.
1
