1/ After waiting over a year since first proposed and after YEARS of lobbying, we got the green light.

Reg CF's new rolling 12-month limit will increase from $1.07M to $5M in 2021!

Why does this matter? MAJOR changes to the industry and more legislative updates below:

2/ Increasing the campaign maximum to $5M will allow for startups to raise more from their communities and give communities a bigger slice of the pie It will also incentivize later-stage startups raising more money to consider a campaign on our platform.

3/ But WAIT, there’s more! These changes will also allow “testing the waters” under Reg CF. Testing the waters means companies can take indications of interest without actually accepting investments until the offering is ready to begin. Why does this matter?

4/ It's a great way to gauge interest before actually embarking on a campaign. This particularly helps underrepresented founders who want to determine interest and build community

5/ Not done yet: The SEC is extending “Covid rules” for ~18 mo, increasing Reg A+’s rolling 12-mo limit to $75M in '21, allowing “demo day” comms to NOT be considered gen solicitation, & providing more flex for startups trying to privately raise after conducting a public raise.

6/ On the investor side in 2021 accredited investors will have no investment limits under Reg CF, & all other investors (non-accredited folks) will be able to invest in any 12 month period up to the greater of net-worth and income, or net-revenues and assets for all others

7/ What a day! This ushers in a new era for Republic, and we’re just getting started.

See the full press release below and GET READY: https://www.sec.gov/news/press-release/2020-273