Capital Formation
OTC Issuer Survey Shows Increasing Interest in Reg A+ Option
|
Interest in raising capital via Reg A offerings is growing among OTC issuers, according to a survey released last week by OTC Markets Group.
Growth Capitalist (https://growthcapitalist.com/author/bgoets/)
Interest in raising capital via Reg A offerings is growing among OTC issuers, according to a survey released last week by OTC Markets Group.
BrewDog USA, the upstart American subsidiary of British pub operator and crowdfunding phenomenon BrewDog PLC, hastily filed its first annual report on Wednesday, six weeks late and three days after Growth Capitalist began asking BrewDog officials why the company was continuing to promote its offering and sell securities while delinquent in its required financial reporting.
In another sign of consolidation in the crowdfinance market in the face of underwhelming growth, the market’s two main trade associations are planning to merge later this year. The Crowdfunding Intermediary Regulatory Advocates (CFIRA) and the Crowdfunding Professional Association (CfPA) are in talks to merge into a single trade group
The fledging crowdfinance industry is awash with fear and loathing these days. Just below the surface of the hype and evangelism about crowdfunding’s promise to circumvent the old boys’ club of traditional venture capital and allow entrepreneurs to raise capital directly from so-called “Main Street” investors, lies a growing realization that they – the “picks and shovels” makers of this new Gold Rush – may be the only ones excited about the prospect.