Tag Archives: capital raising

JOBS Act – Excerpt from SEC Final Ruling for Capital Raising

JOBS Act

 

SECURITIES AND EXCHANGE COMMISSION

 

17 CFR Parts 230, 239 and 242

 

Release No. 33-9415; No. 34-69959; No. IA-3624; File No. S7-07-12

 

RIN 3235-AL34

 

Eliminating the Prohibition Against General Solicitation and General Advertising in

Rule 506 and Rule 144A Offerings

“We are adopting amendments to Rule 506 of Regulation D and Rule 144A under the Securities Act of 1933 to implement Section 201(a) of the Jumpstart Our Business Startups Act. The amendment to Rule 506 permits an issuer to engage in general solicitation or general advertising in offering and selling securities pursuant to Rule 506, provided that all purchasers of the securities are accredited investors and the issuer takes reasonable steps to verify that such purchasers are accredited investors”

More info via SEC, Final Ruling