Sentences with phrase «with general solicitation»

Businesses may also be forced to pre-file any documentation they plan to use in conjunction with the general solicitation of capital, with the SEC (among other proposed requirements).

«As we read all the news with what the SEC is doing with general solicitation — and there has obviously been a good bit of debate as to how effective that is going to be, how valuable that is actually going to be for the ecosystem — what was clear to us was that it is definitely not going to be valuable if verifying the accreditation of investors is not easy and efficient and reliable,» says Nicholas Thorne, Basno's CEO and co-founder.

Not exact matches

With the recent lift on the ban of general solicitation, the SEC also ruled that a third party has to verify that an investor is accredited.

What this historic change in general solicitation law really means is that if you are an entrepreneur looking to raise money from investors, you might want to spend some quality time with a lawyer before you go shouting it from the rooftops.

If you are thinking about raising funding through the new 506 (c) general - solicitation rule, make sure you first consult with a securities attorney.

«You don't see us jumping with a megaphone touting the benefits» of general solicitation, says Mittal.

«With the lifting of the ban on General Solicitation, entrepreneurs like me, and some of you, can focus on running and building the business instead of using that valuable time to raise money.»

Title II of the JOBS Act is related to private placement transactions executed under Rule 506 of Regulation D. Title II charges the SEC with eliminating the general solicitation and advertising bans in connection with Rule 506 offerings.

You acknowledge and agree that SeedInvest does not provide any representation, warranty or assurance that the offering on the Site are made in accordance with securities law, including the exception to the sale of unregistered securities and the prohibition against the general solicitation of unregistered securities.

Rule 506 (b) allows for issuer's to raise an unlimited amount of money, from an unlimited number of accredited investors, so long as no «general solicitation» is conducted in connection with the offering, and that each investor has a substantive, pre-existing relationship with the issuer or person offering the securities of its behalf.

A pre-sale filing requirement may well come with the new version of Rule 506 which permits general solicitation (where all purchasers are verified accredited); will this tend to simply delay first closings of seed financings, if one assumes that deal terms typically remain in flux until the first closing?

With the lifting of the ban on general solicitation, will individual companies be permitted to set up their own JOBS Act Section 201 (c) platforms to offer stock to verified angel investors?

That's largely because this particular reform — «lifting the ban on general solicitation» in Rule 506, the primary federal exemption on which almost all angel - backed companies rely — came with a catch.

In addition to the general solicitation rules, the JOBS Act eased the rules about Exchange Act registration for companies with more than a certain number of shareholders of record.

For those of you who don't have an hour to watch our webcast on general solicitation with Jim Fulton at...

My opinion in this blog are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any futures or option contracts.

MOUNTAIN VIEW JUNE 26, 2014 — 500 Startups, the most active venture capital fund and startup accelerator program in the world, is announcing that it has filed with the SEC under the new rules allowing for general solicitation, and is now publicly fundraising for its third flagship fund, targeted at $ 100M.

The Site is only intended to provide you with general information and is neither an offer to sell nor a solicitation of an offer to purchase any products or services of any kind whatsoever, including, without limitation, security or investment fund, or engage any investment manager and may not be relied upon for investment purposes.

However, it may be possible to conceive of contemporaneous offerings if the issuer offered different securities, such as a non-convertible preferred stock in one offering and common stock in the other offering, and if the investors in the two offerings were different — for example, preferred stock being offered to an existing venture or private equity investor (or other investors with which the issuer has a pre-existing substantive relationship), while common stock is being offered to a broader range of investors in a separate offering using general solicitation.

(5) the purchase or lease by such entity of a new van with a seating capacity of less than 8 passengers, including the driver, which is to be used to provide specified public transportation and for which a solicitation is made after the 30th day following the effective date of this section that is not readily accessible to or usable by individuals with disabilities, including individuals who use wheelchairs; except that the new van need not be readily accessible to and usable by such individuals if the entity can demonstrate that the system for which the van is being purchased or leased, when viewed in its entirety, provides a level of service to such individuals equivalent to the level of service provided to the general public;

(3) the purchase or lease by such entity of a new vehicle (other than an automobile, a van with a seating capacity of less than 8 passengers, including the driver, or an over-the-road bus) which is to be used to provide specified public transportation and for which a solicitation is made after the 30th day following the effective date of this section, that is not readily accessible to and usable by individuals with disabilities, including individuals who use wheelchairs; except that the new vehicle need not be readily accessible to and usable by such individuals if the new vehicle is to be used solely in a demand responsive system and if the entity can demonstrate that such system, when viewed in its entirety, provides a level of service to such individuals equivalent to the level of service provided to the general public;

EPTL Form Char 410 Charities Registration Statement, to be filed with the New York Attorney General's Office prior to solicitations of contributions or within 6 months after property is held or income is received

Section 201 (a) of the JOBS Act, required the SEC to eliminate the ban on using general solicitation in connection with the sale of securities (implemented through the creation of Rule 506 (c) under Regulation D), and further to amend Regulation A, to now permit issuers of securities to raise up to $ 50,000,000 from accredited and non-accredited investors.

While some observers may be surprised by the public announcement, the token sale is described as being launched under Rule 506 (c) of Regulation D of the Securities Act of 1933, as amended, which, subject to compliance with certain restrictions, permits the token seller to engage in general advertising and general solicitation.

Under the regulations, you will have to file a notice of your offering with the SEC 15 days before the first offer of sale by general solicitation.

Rule 506 (c) offers a safe harbor under the statute if you comply with all requirements and don't use a general solicitation.

Another example is doing a deal with 35 or fewer investors with whom you have a pre-existing personal or business relationship and you have not done any general solicitation (advertising).

Second, mail or other forms of written solicitations of prospects whose properties are exclusively listed with another REALTOR ® when such solicitations are not part of a general mailing but are directed specifically to property owners identified through compilations of current listings, «for sale» or «for rent» signs, or other sources of information required by Article 3 and Multiple Listing Service rules to be made available to other REALTORS ® under offers of subagency or cooperation.