Skip to content-main content

News Room

July 03 2015

Source: Chief Executive

“More Companies Are Taking Advantage of New Crowdfunding Equity”

“Mid-market company chiefs and startup entrepreneurs should be two of the main beneficiaries of new federal rules making it easier for businesses to raise equity privately,” Chief Executive Magazine wrote June 24 in an article highlighting how more companies are taking advantage of new crowdfunding equity.

Reporter Dale Buss highlighted Allegiancy, which is among the “handful of mid-market companies that have already benefited from either “Reg A” or state crowdfunding statutes.”

Buss wrote: “Allegiancy is hoping to file to raise $30 million under Reg A, according to Steve Sadler, CEO of the Richmond, Virginia, firm that manages low-rise office buildings and had $2.5 million in revenue last year. He told The Wall Street Journal that the old capital-raising process was too costly, with about 15% of the proceeds going to bankers, lawyers, accountants and other expenses.”

Read the complete article here.