Tuesday, April 21, 2020 6:00:04 AM
"Regulation A. Regulation A is another exemption from registration. Under the exemption, a company must file an offering statement on Form 1-A on EDGAR. The SEC staff may review Forms 1-A for compliance with disclosure obligations. Only when the staff has qualified the offering statement may the company accept payment for the securities offered. However, the filing itself does not mean the offering has been qualified by, or registered with, the SEC. Qualification does NOT mean the SEC has approved the offering.
How to determine qualification. You can review the filings made by a company on the SEC’s EDGAR database. Please review our guide on how to use EDGAR. A filing with the form type “QUALIF” indicates a notice of qualification has been issued with respect to the related Regulation A offering statement."
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