NoHo Inc (DRNK)

[NewGuy001]

Regulation A is an exemption from registration for public offerings. Regulation A has two offering tiers: Tier 1, for offerings of up to $20 million in a 12-month period; and Tier 2, for offerings of up to $75 million in a 12-month period. For offerings of up to $20 million, companies can elect to proceed under the requirements for either Tier 1 or Tier 2.

There are certain basic requirements applicable to both Tier 1 and Tier 2 offerings, including company eligibility requirements, bad actor disqualification provisions, disclosure, and other matters. Additional requirements apply to Tier 2 offerings, including limitations on the amount of money a non-accredited investor may invest in a Tier 2 offering, requirements for audited financial statements and the filing of ongoing reports. Issuers in Tier 2 offerings are not required to register or qualify their offerings with state securities regulators.


https://www.sec.gov/smallbusiness/exemptofferings/rega

WHAT ARE DIFFERENCES BETWEEN A TIER 1
OFFERING AND A TIER 2 OFFERING?
Tier 1 and Tier 2 offerings under Regulation A+ have
different requirements concerning financial statements,
ongoing reporting obligations and investor eligibility
standards.