What options do I have for offering types? What is the difference between 506(b) and 506(c) offerings?
Directpost can list any offering in which general solicitation is permitted. This includes 506(c) Regulation A and Regulation S. There are a myriad of differences between these rules, however if you are contemplating an offering that will not be registered with the Securities Exchange Commission we encourage you to discuss with your counsel the flexibility in communication that Rule 506(c) may afford you.
What if I have investors from my network?
We would encourage you to have those investors register on Directpost, however that is not a requirement. However you must agree that all sales be made by a Broker –Dealer and be reported to Directpost.
How long will it take to raise money?
There is no set time frame for raising money that is determined by many factors beyond anyone’s control however we believe that the ability to list on Directpost should result in a shorter period than would otherwise be the case.
Does Directpost work with any Sponsor wishing to publish it offerings on the site?
Directpost will not list all offerings presented. Listing is dependent on a review of the material presented to Directpost including third party reports and a minimum list of informational documents. The listing does not mean the Program will succeed, and refusal to list does not mean the project will fail.
Does Directpost prepare legal documents?
Directpost allows Programs approved for listing to post information that has been reviewed by Directpost to be posted to its site. Directpost does not prepare any documentation, but does require a minimum set of documented information to be listed.
|