Welcome to The Angel Roundtable
The Angel Network of the Appalachian Highlands
The Jobs Act and SEC Rule 506
Following is The Angel Roundtable's (ART's) policy regarding SEC Rule 506(b) and 506(c) offerings (Quiet vs. Loud)
•
ART welcomes applicants making either type of offering.
ART welcomes applicants making either type of offering.•All applicants are expected to understand SEC regulations.
All applicants are expected to understand SEC regulations.• ART has a clear preference for Quiet offerings.
•ART meetings will not cause an issuer to be considered Loud.
ART meetings will not cause an issuer to be considered Loud.•ART term-sheets will require the issuer to provide a legal opinion
ART term-sheets will require the issuer to provide a legal opinion letter that it has complied with all applicable SEC regulations.
•ART term-sheets for Quiet offerings will specify no Loud activities
ART term-sheets for Quiet offerings will specify no Loud activities for 6 months.
• ART will require that issuers use the SEC prescribed
“principles‐based methodology” (PBM) to verify our members are
accredited investors.
•Our members will not provide personal financial data to companies
Our members will not provide personal financial data to companies seeking investment.
•ART will provide written confirmation that investing members are in
ART will provide written confirmation that investing members are in good standing.
The Angel Roundtable - P.O. Box 8935, Johnson City, TN 37615
