Anonymous asked Legal & Compliance, LLC , 3/26/2019 4:23:44 PM ( 1 comment )

What does it mean for crowdfunding issuers to be able to "test the waters"?

3/27/2019 1:34:00 PM,
Legal & Compliance, LLC replied:

Title III Crowdfunding does not necessarily allow test the waters, however Regulation A and other forms of offerings do.  In general testing the waters involves obtaining non-binding solitications of interest from potential investors in an offering.  By testing the waters and determining an interest in an offering, a company can decide whether it wants to proceed with that offering or not.  

 

Laura 

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