Room · Accredited, verified
Rule 506(c) offering
General solicitation is permitted, and every purchaser must be an accredited investor. The company is responsible for taking reasonable steps to verify accredited status.
What this room does
- Public tombstone with the accredited-investors legend
- Counsel review and holds, as in every room
What it does not do
Sprowtt does not decide whether this exemption is available to the company, approve the offering materials, decide whether an investor is suitable, verify legal compliance, recommend the investment, negotiate the transaction, or guarantee an outcome. Completing a step in this room is not SEC approval of an offering, and is not a substitute for your own securities counsel.