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The content in this webinar is not and shall not be construed as investment advice. This information is meant to be informative and for general purposes only.
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Rod Turner
Rod Turner is the founder and CEO of Manhattan Street Capital, the #1 Growth Capital service for mature startups and mid-sized companies to raise capital using Regulation A+. Turner has played a key role in building successful companies including Symantec/Norton (SYMC), Ashton Tate, MicroPort, Knowledge Adventure, and more. He is an experienced investor who has built a Venture Capital business (Irvine Ventures) and has made angel and mezzanine investments in companies such as Bloom, Amyris (AMRS), Ask Jeeves, and eASIC.
www.ManhattanStreetCapital.com
Manhattan Street Capital, 5694 Mission Center Rd, Suite 602-468, San Diego, CA 92108.
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So now I'll move on to the top level view of the schedule in Reg A+. For already reporting public companies, obviously you already have audits in place, so that's a, a hurdle we don't have to deal with deal, and you already have practice at communicating with the SEC and writing documents that fit with SEC requirements. So that's an easier hurdle. So, you know, a month of preparation for the SEC Form one a filing for the Reg A+ is doable more likely in this situation with this audience than in a company that hasn't heard of this sort of thing before. So four weeks would be un you know, that would be the best example, I would say to get it prepared to file and then file it with the SEC and two to three months to become qualified is reasonable to expect.
So in this instance, we're talking a three or four month cycle to qualification. Of course, you know, big holidays like Christmas government shuts downs, shutdowns like last year in January this year, earlier than January this year. Slow things down. But in the main that's a reasonable expectation to have going in for this audience. Of course, you can make it more difficult. That's where we come in to help you figure out how to make it more straightforward and where we can bring if needed, securities attorneys to the table that are, that know their stuff and know what the SEC wants to see and knows, know what will more likely have a smooth journey through the SEC process. So once you are qualified, then you have 12 months with which to raise money. During that time, you are allowed to raise or lower the share price of your, or the, the price of your security with, within within 20% cumulative change.
It's very easy to do that. Once you exceed 20%, there's a new firing to the SEC, which may be a two or three week turnaround if you don't complicate it with lots of other variables. But the, not everyone is aware that you can do that in a Reg A+. So let me see. Schedule. Yeah, so you have 12 months to raise the money. You are allowed to prepare the next one before the end of the first one. If you want to do back to back years on an ongoing basis, you are allowed to do that.
THIS TEXT TRANSCRIPT HAS ERRORS IN IT THAT WERE CAUSED BY THE SPEECH TO TEXT CONVERSION SOFTWARE WE USED. DO NOT DEPEND ON THE TEXT TO BE ACCURATE. WATCH THE RELEVANT PARTS OF THE VIDEO TO MAKE SURE YOU ARE PROPERLY INFORMED. DO NOT DEPEND ON THIS TEXT TRANSCRIPTION TO BE ACCURATE OR REFLECTIVE OF THE STATEMENTS OR INTENT OF THE PRESENTERS.