Reg A

E53087

Reg A is a U.S. Securities and Exchange Commission (SEC) regulation that provides an exemption from full securities registration, allowing companies—especially smaller issuers—to raise limited amounts of capital from the public with simplified disclosure requirements.

AI illustration

How this image was made

AI-generated illustration of Reg A

This AI-generated illustration was produced by black-forest-labs/FLUX.2-dev (1024x1024) from a prompt written by openai/gpt-oss-120b from the entity's label + description.

Prompt

Generate an image of Reg A (Reg A is a U.S. Securities and Exchange Commission (SEC) regulation that provides an exemption from full securities registration, allowing companies—especially smaller issuers—to raise limited amounts of capital from the public with simplified disclosure requirements.)

All labels observed (1)

Label Occurrences
Reg A canonical 1

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf United States securities regulation ⓘ
securities offering exemption ⓘ
allows sale of securities to the general public ⓘ
testing the waters communications ⓘ
alsoKnownAs Reg A+ (as amended under the JOBS Act) ⓘ
linked to: Regulation A

Regulation A ⓘ
amendedBy Jumpstart Our Business Startups Act ⓘ
appliesTo U.S. and Canadian issuers ⓘ
public offerings of securities ⓘ
disclosureRequirement reduced ongoing reporting compared to full registration ⓘ
simplified offering circular ⓘ
excludes SEC reporting companies from using Tier 1 ⓘ
blank check companies ⓘ
certain investment companies ⓘ
exemptsFrom full SEC registration requirements ⓘ
hasTier Tier 1 ⓘ
Tier 2 ⓘ
investorTypePermitted accredited investors ⓘ
non‑accredited investors ⓘ
jurisdiction United States ⓘ
legalBasis Securities Act of 1933 ⓘ
offeringDocumentName Form 1‑A ⓘ
offeringLimit limited amount of capital compared to fully registered offerings ⓘ
primaryBenefitToInvestors access to early‑stage and smaller company investments ⓘ
primaryBenefitToIssuers lower cost of capital raising than full registration ⓘ
purpose facilitate capital raising by smaller issuers ⓘ
reduce regulatory burden for certain public offerings ⓘ
regulator U.S. Securities and Exchange Commission ⓘ
regulatoryGoal maintain investor protection through scaled disclosure ⓘ
promote capital formation ⓘ
requires SEC review and qualification of offering statement ⓘ
financial statements in offering circular ⓘ
riskCharacteristic higher investment risk than many fully registered offerings ⓘ
securityTypePermitted convertible securities ⓘ
debt securities ⓘ
equity securities ⓘ
warrants ⓘ
targetIssuerType early-stage companies ⓘ
smaller companies ⓘ
tier1FinancialsRequirement reviewed or less extensive financial statements than Tier 2 ⓘ
tier1OfferingLimit up to $20 million in a 12‑month period ⓘ
tier1StateLawStatus subject to state blue sky registration and qualification ⓘ
tier2FinancialsRequirement audited financial statements ⓘ
tier2InvestorLimit investment limits for non‑accredited investors ⓘ
tier2OfferingLimit up to $75 million in a 12‑month period ⓘ
tier2ReportingRequirement ongoing periodic reporting to the SEC ⓘ
tier2StateLawStatus preempts most state blue sky registration and qualification ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Regulation A → abbreviation → Reg A ⓘ