Start the Reg A+ process. Two-year Audit (if your company has existed for less than 2 years, the audit period will be the age of your company). After the Audit is done, file the Form 1-A with the SEC.
Start the Token and Smart Contract development using the capital flowing in from the warrant investments.
The SEC qualifies the offering.
Prepare the warrants. The offering goes live on Manhattan Street Capital, market the offering. Raise capital up to $75 million by selling warrants to investors that they can later convert into Tokens.
The Tokens are functioning and they are ready to be issued to the warrant owners.
After the SEC qualified the offering and the Tokens are ready, the warrant owners become Reg A+ investors and they warrants convert to Tokens. The Tokens are considered liquid, the investors can sell them without a holding period.