Astra Veda Corp (ASTA)

[Brando1975]

Huggy

You are correct and before 2015 I don't think Reg-A would be possible. Since than things have changed.. I don't see wrfx getting $16 million but imo they can and will get approved for Reg-A!!

Regulation A+

In 2015, the SEC adopted new rules that update and expand Regulation A to help companies raise capital in the public markets. With these new rules, dubbed Regulation A+, the SEC seeks to promote capital formation, while preserving the disclosure requirements and other investor protection measures. They address many of the shortcomings of the previously available Regulation A that made it unattractive to issuers. Highlights of the new rules include:

The rule established two tiers of offerings, Tier 1 and Tier 2 to provide more flexibility to issuers to choose the right size offering.The offering limit is raised from $5 million to $20 million (Tier 1) and $50 million (Tier 2). This will permit smaller and emerging companies to have an opportunity to raise substantial capital.

Regulation A+ securities purchased by non-affiliates are free trading from day one, enabling an ongoing secondary market to develop for investors and helping lower capital costs for issuers.

The new rules modernize the disclosure process by requiring disclosure to be made on EDGAR, assuring investors have access to company information. Tier 2 offerings are also required to make ongoing, semi-annual reports available on EDGAR.Tier 2 offerings will not be subject to state review.

The new Regulation A+ rules became effective on June 19, 2015. Read more about Regulation A+ eligibility and requirements in the final rules on the SEC’s website.