Reg A+
Regulation A+ Offerings
Often called a mini-IPO, Regulation A+ lets you raise capital from accredited and non-accredited investors through an SEC-qualified offering.
The mini-IPO that changed capital raising
After the JOBS Act of 2012, the Regulation A exemption was expanded into what the market now calls Regulation A+, with two tiers of offering size and obligations.
A Regulation A offering requires an offering statement filed with, and qualified by, the SEC. Done right, it opens your raise to the public. Done wrong, it stalls in comments for months.
Our Regulation A attorneys prepare the filing, manage the SEC review and set up the reporting you will need after qualification.
Regulation A+ tiers
01
Tier 1
Up to $20 million in a 12-month period. Subject to state blue sky review. No ongoing SEC reporting after the offering.
02
Tier 2
Up to $75 million in a 12-month period. Preempts state registration. Requires ongoing SEC reporting: annual, semiannual and current event reports.
03
Reg A vs. Reg D
Both are exemptions from full registration, but Regulation A requires an SEC-qualified offering statement and permits sales to non-accredited investors.
Reg A+ legal services
Form 1-A offering statement
Complete preparation and filing of the SEC offering statement.
Offering circular
SEC-compliant offering circular with all required disclosures.
SEC qualification
Managing the SEC staff review through qualification.
Ongoing compliance
Tier 2 reporting support after the offering is qualified.
Related insight
Guides
Regulation A lets you raise from the public without a full registration. Which tier you choose shapes your timeline, your costs and your obligations afterward.
Ready for your Reg A+ offering?
Schedule a consultation to discuss whether Regulation A+ is right for your raise.
