Reg D 504

Reg-D is a set of SEC rules that provides exemptions from the registration requirements typically necessary when companies offer or sell securities.

Rule 504

• Offering Limit: Companies can raise up to $10 million in a 12-month period.
• Eligible Investors: Can include both accredited and non-accredited investors.
• General Solicitation: Generally not allowed unless allowed by state law.
• State Compliance: Must comply with state securities laws (also known as “Blue Sky” laws).
• Use of Proceeds: There are no specific restrictions on how the funds can be used.