SNM Global Holdings (SNMN)

[EmptyBones]

SNM Global Holdings? @snmglobal May 18
Hoping tomorrow, no later than Monday. Also filing a 506 to expedite potential funding for acquisitions. Things about to get real.


I don't think peeps understand how big this is. Reg-a is big and when you add the 506 hyper-drive soon. Best get ready..



Rule 506
Rule 506 also permits general solicitation, but issuing companies are required to ensure that each investor is verified as accredited using federally prescribed “reasonable steps”. An individual “accredited investor” has:

A minimum of $200,000 in earned income ($300,000 when combined with a spouse) in each of the two prior years and a “reasonable expectation” of a repeat in the current year, or
$1 million or more in net worth, not including primary residence.

Entities can also be accredited investors, e.g. charitable organizations, banks, or insurance companies with assets in excess of $5 million.