A+ small issue exemption regulations will amount to $50 million to $20 million for the SEC limit between two levels of issuance in the Tier 1 – 0 is $20 million, $50 million for 2000 – 2 Tier.
The two level raised when the fund-raising restrictions, not only for the qualification of investors has also been in the state records and information disclosure requirements on different. The issuer need to submit a Form 1-A to SEC, through the EDGAR system to submit SEC form. This paper only focuses on the part of the financial Form 1-A.
XY company currently submitted to the SEC financial report, mainly as follows: 2014 annual financial report (audited), 2015 annual financial report (audited), 2016 annual financial report (audited), 2017 annual financial report (audited), the first half of 2018 financial report (not audit).
According to XY, submitted to the SEC documents, XY company from the beginning of 2016 on the application of the Reg A+ save Tier 2 level, 2017 XY companies are allowed to follow the Reg A+ issue securities.
XYO is a XY company issued Token. The company has applied for Reg A+ securities issued by qualified companies. This article will use Reg A+ and XYO SEC submitted to the financial requirements of the financial report, to explain how a company will be Token included in earnings, through the audit and access to the SEC A+ qualification.