Adia Nutrition, Inc. (ADIA)

[Jason Coombs]

The SEC today adopted its final Rule to "harmonize" the exempt offering framework. This rule change will give ADIA the regulatory framework it needs to raise new capital WITHOUT causing dilution to the existing shareholders. I wrote dozens of letters to the SEC during the JOBS Act Rulemaking asking for this "harmonization" of the patchwork exempt offering framework. Before ADIA was launched, when we were still only PIVX Solutions the cybersecurity and forensics startup, the absence of such a harmonized framework for exempt offerings meant the only viable path to capital formation was to guarantee Accredited investors a profit by selling shares to them at a discount and promising to prop up the public market price for their benefit. That was systemic fraud and corruption, it was wrong and needed to be fixed. The new Rule goes a long way to doing that.

https://www.sec.gov/news/press-release/2020-273