The phrase
"exempt offering" refers to a type of investment or fundraising activity that is not subject to certain regulations and requirements set by authorities. It means that in such offerings, companies or individuals are not required to comply with specific rules, such as registering with the Securities and Exchange Commission (SEC) or providing extensive financial disclosures to potential investors. This exemption allows companies to raise funds in a simplified and less costly manner, but it also means that investors may have less protection or information about the investment opportunity.
Full definition