Monday, August 17, 2020 4:19:41 PM
“Under Tier 1, a company can raise up to $20 million in any 12-month period. For Tier 1 offerings, the offering circular must be filed with, and is generally subject to review and qualification by, the staff at the SEC as well as by the securities regulator in the states where the offering is being conducted. The financial statements disclosed in a Tier 1 offering do not have to be audited. “ https://www.sec.gov/oiea/investor-alerts-bulletins/ib_regulationa.html
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