- • Aaron Zibart, Wyatt Tarrant & Combs.
- • Charlie Sidman, ECS Angels, Crowdfunding Professional Association and Crowdfunding Investment Angels.
- • Liz Sigety, Delaware Crossing Investor Group.
- • Kiran Lingam, SeedInvest.
- • Michael Hool, Arizona Technology Investor Forum.
- • Moderator: Michael Price.
Agenda.
1. What's New in the Reg A+ proposed rules issuance authorization by the SEC on Dec 18.
2. JOBS Act Title III (Crowdfunding) vs. Reg. A, strengths and weaknesses of each.
3. Overview of the final rule changes and their impact on angels and founders raising.
4. What constitutes General Solicitation (opinions on site content, competitions, demo days, pitching groups, tweets, crowdfunding listings, syndications, etc).
5. Rule 506(b) grandfathering and 506(c) reasonable steps thoughts/opinions.
6. 15-day pre-filing requirement of Advance Form D prior to general solicitation under proposed Rule 503.
7. Closing Form D (not just usual Form D after 1st round close) and amendment if open over a year.
8. Prefiling of all written material, decks, etc on or before the general solicitation.
9. Penalties for not filing: barred for 1 year after a late filing & 5 years if no filing.
10. Two-year filing requirement for advertisements under proposed Rule 510T.
11. Standard disclosures under proposed Rule 509.
12. New 506c Safe Harbors (Income, Net Worth or 3rd Party Verification, or Pre-existing Accredited).
13. Yearly accredited re-verification issues.
14. Practical options and forward planning/steps given the above.
15. Timing of Proposed Rules (i.e. won't be in effect on 9/23).
Angel Knowledge Series
JOBS ACT FINAL RULES, REG A+, & HOW ANGELS CAN LEVERAGE THEM..Panelists.
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