Developments in Securities Regulation, Corporate Governance, Capital Markets, M&A and Other Topics of Interest. MORE

Perhaps the first Regulation A+ offering document has appeared on EDGAR.  According to the documents it is a Tier 2 offering for up to $50,000,000.  The offering circular states the offering commenced on June 19, 2015.  The issuer seeks to acquire one to ten  parcels of real estate in the United States, and to develop and construct on each parcel a luxurious senior housing community consisting of independent living, assisted living and/or memory care for approximately 60 to 240 residents.

Like the first conflict minerals filings, I surmise the initial Regulation A+ filings will attract public scrutiny. Pick your precedents carefully.


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