SEC Proposes $5 Million and $75 Million Registration Exemptions
The SEC says proposed rules include two exemptions from Securities Act of 1933 registration requirements, covering offerings up to $5 million over four years and up to $75 million each 12 months.
According to the SEC, the proposed rules include two exemptions from the registration requirements of the Securities Act of 1933.
The first is a one-time exemption that would permit offerings of up to $5 million during a four-year period. The second exemption would permit offerings of up to $75 million during each 12-month period.
The announcement does not specify further conditions, eligibility criteria, or whether the rules have been finalized.
Source: First Squawk