SPACs got most of the headlines in 2020, but it was also a breakout year for another IPO alternative: Reg A+.
Venkata Meenavalli, who was previously accused of illegal stock distribution, is now also facing charges that he falsified nearly 90% of Longfin's revenue.
FAT Brands is gauging investor interest in a Regulation A+ offering through crowdfunding platform Banq.
In the new IPO-lite offering, coming mid-June, companies can raise up to $50 million and provide existing shareholders some liquidity.
The move could lead more companies to take advantage of the little-used Regulation A for small public offerings.
A new SEC committee wants to help smaller companies find less costly ways to raise capital.
