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March 26 2015

Source: NerdWallet

SEC Regulation A+ Opens Doors to ‘IPO Lite’ Option for Businesses

The U.S. Securities and Exchange Commission approved changes to a little-used regulation that will now let companies sell up to $50 million in securities to outside investors every year, write Doug Gross, a staff writer covering personal finance for NerdWallet, this week.

Gross highlighted Allegiancy in his reports, and CEO Steve Sadler as an “outspoken proponent” of Reg A+.

Gross wrote:

Steve Sadler, CEO of Allegiancy, a Richmond, Virginia-based commercial real estate company, has been an outspoken proponent of what’s being called Regulation A+. His company raised money under the old and Regulation A provisions, and he says it intends to seek an additional $20 million in funding under the new regulations — which go into effect in 60 days.

“Reg A+ is all about opening doors for small businesses who previously couldn’t access the capital they needed to grow,” Sadler said in a press release. “For too long, the equity markets have been broken and have kept smaller, promising companies on the sidelines. Reg A+ is about creating jobs and new opportunities. And it’s about giving regular folks access to investments that only a handful of venture capital and private equity bigwig investors have enjoyed up until now.”

Click here to read the complete Reg A+ report from NerdWallet.