Published on Nov 2, 2020 in Crowdfunding News
In a groundbreaking move today, the SEC voted 3-2 to approve an unprecedented increase to the Regulation Crowdfunding maximum—taking the ceiling from $1.07 million to $5 million. These changes come-hand-in-hand with further key amendments, all aimed at modernizing the existing exempt offering framework. Key takeaways from the ruling include:
These changes are slated to propel the Regulation Crowdfunding industry even further forward, enabling businesses to secure much-needed funding amidst pandemic woes and super-charging growth for qualified ventures. The move should officially take effect within the next 60 days.