$VSTR Big SEC news for VSTR! The SEC raised the ma
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Posted On: 03/09/2020 8:24:05 AM
$VSTR Big SEC news for VSTR! The SEC raised the maximums for REG CF filings to $5 million. Now VSTR can sign up larger companies for their capital raising services.
https://www.sec.gov/news/press-release/2020-55
Reg CF max raise now = $5M
Reg A max raise now = $75M
Accredited investors can now invest in Reg CF offerings (prior to this, issuers had to conduct concurrent Reg D offerings along with a Reg CF).
Non-accredited investors are now subject to investment limitations based upon the "greater of" their income or net worth instead of the constricting "lesser of" rules.
SPV's are allowed to invest in Reg CF offerings.
https://www.sec.gov/news/press-release/2020-55
Reg CF max raise now = $5M
Reg A max raise now = $75M
Accredited investors can now invest in Reg CF offerings (prior to this, issuers had to conduct concurrent Reg D offerings along with a Reg CF).
Non-accredited investors are now subject to investment limitations based upon the "greater of" their income or net worth instead of the constricting "lesser of" rules.
SPV's are allowed to invest in Reg CF offerings.
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