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
It has been almost seven months since issuers across the country began raising money through Regulation Crowdfunding (“Reg CF”), which went into effect on May 16, 2016. In the six months since Reg CF went into effect, 160 initial filings for crowdfunding offerings on Form C were made with the SEC. Samuel Effron of Mintz Levin offers a summary of the highlights and trends are based on data collected from Form C filings through November 16, 2016. via Regulation Crowdfunding: A Six-Month Update | The National Law Review.
The concept car company has achieved a $500 million stock market valuation, but is still delaying production and may need to raise more capital. Investors, meanwhile, face technical challenges to trading in its stock.