Under Regulation Crowdfunding, companies can raise up to $5,000,000 within a 12 month period.
Information about the financial statement requirements based on the amount offered and sold in reliance on Regulation Crowdfunding as outlined by the SEC within a preceding 12-month period is listed below:
For issuers offering $107,000 or less: | Financial statements of the issuer and certain information from the issuer’s federal income tax returns, both certified by the principal executive officer. If, however, financial statements of the issuer are available that have either been reviewed or audited by a public accountant that is independent of the issuer, the issuer must provide those financial statements instead and will not need to include the information reported on the federal income tax returns or the certification of the principal executive officer. |
Issuers offering more than $107,000 but not more than $535,000: | Financial statements reviewed by a public accountant that is independent of the issuer. If, however, financial statements of the issuer are available that have been audited by a public accountant that is independent of the issuer, the issuer must provide those financial statements instead and will not need to include the reviewed financial statements. |
Issuers offering more than $535,000: | For first-time Regulation Crowdfunding issuers: Financial statements reviewed by a public accountant that is independent of the issuer, unless financial statements of the issuer are available that have been audited by an independent auditor. For issuers that have previously sold securities in reliance on Regulation Crowdfunding: Financial statements audited by a public accountant that is independent of the issuer. |