Regulation A Offering
(SA 1933)
Regulation A Offering - IPO
that is partially exempt from filing provisions of the Securities Act of 1933 (issuing less than $1,500,000).
A new issue of 1.5 million or less during 1 year.
They still must file a letter of notification, in place of a prospectus.
Advantages to issuer: lower legal / filing fees and shorter time needed.
