NASDAQ Private Markets and Morrison & Foerster recently spoke about the process for a company that chooses to use general solicitation when raising capital in reliance on Rule 506.
In this video blog, Anna Pinedo discusses the types of communications that constitute general solicitation; reviews the SEC Staff's guidance on general solicitation; and describes the heightened compliance requirements associated with Rule 506(c) transactions.
To watch this video, visit the NASDAQ Private Markets Resource Center.
Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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