This expert panel explores practicalities associated with equity crowdfunding and provide guidance in determining the viability of both JOBS Act public offering alternatives for small issuers.
CHICAGO (PRWEB) May 18, 2018
Six years after enactment of the Jumpstart Our Business Startups (JOBS) Act, its impact in reducing regulatory burdens and barriers to capital formation for start-up, small, and emerging growth companies is ripe for consideration.
JOBS Act amendments to the federal securities laws and mandated SEC rulemaking significantly enhanced the ability of small business to raise capital in private offerings to accredited investors, breathed new life into a largely dormant form of limited public offering of up to $50 million via “Regulation A,” established mechanisms for nationwide equity crowdfunding, reduced the regulatory burden for public offerings by newly defined “emerging growth companies,” and altered Exchange Act registration and deregistration requirements for smaller companies.
THE JOBS ACT - A RETROSPECTIVE & A LOOK AHEAD Financial Poise webinar series examines how the JOBS Act has impacted capital formation through private offerings, as well as corporate finance for small business issuers generally, and access to the “IPO” market. In each episode, seasoned practitioner panelists explain not only how the JOBS Act has changed the regulatory landscape to date, but also how small issuers can confidently take advantage of the financing opportunities and cost efficiencies in capital formation it has created. Panelists also discuss possible future modifications to the JOBS Act mandated regulatory structure.
The second episode of the series is Impact of the JOBS Act on Corporate Finance for Small Issuers and airs on May 24th at 10:00 AM CST (Register Here) and features Moderator Robert Rapp of Case Western Reserve University School of Law. He is joined by Kristofer K. Spreen of Calfee, Halter & Griswold LLP and Jillian Sidoti of Crowdfunding Lawyers.net and Trowbridge Sidoti LLP.
“Regulation A” under the Securities Act permits a limited public offering which, although subject to a form of SEC registration and certain offering process requirements, is significantly less burdensome than full compliance with Securities Act public offering requirements. The utility of original Regulation A was seriously limited, however, by a $5 million maximum offering amount limit, and it became little used. The JOBS Act, however, breathed new life into Regulation A as a meaningful financing alternative for small issuers by directing modernization of its requirements and, most importantly, increasing the maximum offering amount to $50 million, through a two tiered public offering structure.
This webinar presents a practical assessment of the utility of Regulation A as modernized by the JOBS Act into what is today dubbed by many as “Regulation A+.” As an entirely new form of public offering, the JOBS Act also introduced equity “crowdfunding” into the mix of corporate financing alternatives for small issuers, although one particularly aimed at start-up companies, and having significant limitations. In this episode panelists also discuss practicalities associated with equity crowdfunding, as now permitted by the JOBS Act, and provide guidance in determining the viability of both JOBS Act public offering alternatives for small issuers.
The JOBS ACT - A RETROSPECTIVE & A LOOK AHEAD Series is produced by Financial Poise™. The final episode in the series is “Impact of the JOBS Act on the IPO Market” airing on June 28th airing at 10:00 AM CST. All episodes will be available live through West LegalEdCenter and then on-demand following the live premiere.
As with every Financial Poise Webinar, each episode is delivered in Plain English understandable to investors, business owners, and executives without much background in these areas, yet is also valuable to attorneys, accountants, and other seasoned professionals. And, as with every Financial Poise Webinar, each episode brings you into engaging, sometimes humorous, conversations designed to entertain as it teaches. Each episode in the series is designed to be viewed independently of the other episodes, so that participants will enhance their knowledge of this area whether they attend one, some, or all episodes.
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