“This opportunity is as a learning experience to make our platform even more valuable to everyday investors and entrepreneurs. We look forward to bringing more deals to the table under the same conditions" Heather Schwarz-Lopes, CEO - EarlyShares.
Miami, FL and Chicago, IL (PRWEB) February 19, 2013
EarlyShares (http://www.earlyshares.com), the premier Equity Based Crowdfunding platform in the U.S., has announced that its first equity deals will soon be offered through its partnership with renowned broker-dealer, Point Capital Markets. The deals will be privately executed under Rule 506 of Regulation D in conjunction with operational provisions of the JOBS Act. The company envisions the project to be a test run to assess its overall deal process prior to the SEC releasing the final rules that will govern the lift on the ban of general solicitation and advertising of Regulation D 506(c) offerings to accredited investors under Title II of the JOBS Act. This project will also lend itself to validate the company’s forthcoming equity Crowdfunding process for unaccredited investors that will be rolled out once the SEC releases the final rules.
The EarlyShares management team has been at the forefront of the movement promoting equity Crowdfunding as a viable mechanism for entrepreneurs and existing businesses to have access to much-needed capital. The company has maintained its conservative interpretation of securities laws while in discussions with the SEC and FINRA in order to strategically roll out the most complete equity Crowdfunding portal in the U.S. The investors involved in the upcoming deals have preexisting, substantive relationships with broker-dealer, Point Capital Markets, which forged a partnership with EarlyShares in October 2012. John Holman, CEO at Point Capital Markets, expresses, “we are excited to finally be able to offer some of the opportunities of this partnership, which EarlyShares provides to our investors. Equity Crowdfunding is a riveting space, one which we are glad to enter alongside EarlyShares, and these deals are our first step.” The announcement comes at a time when Crowdfunding industry leaders are meeting in Washington, D.C. to pressure policymakers and SEC regulators to move forward on implementing the provisions of the JOBS Act governing equity and debt-based Crowdfunding.
“This deal is in line with our commitment to conservatively interpret the law, it will not be made public, and it will only be available to accredited investors who have a pre-existing, substantive relationship with our broker-dealer,” said Heather Schwarz-Lopes, CEO of EarlyShares. “We will use this opportunity as a learning experience to make our platform even more valuable to everyday investors and entrepreneurs. We appreciate our close partnership with Point Capital Markets and look forward to bringing more deals to the table under the same conditions until the SEC makes its final decisions.”
The EarlyShares management team remains optimistic that Equity Based Crowdfunding will become a reality in the U.S. this year. EarlyShares recently announced the launch of its one-of-a-kind EarlyShares University, which educates investors and business owners on various aspects of raising capital and investing via Crowdfunding. For more information on the EarlyShares management team, please visit http://www.earlyshares.com/about/overview.