Here’s another blog post from equity crowdfunding website CloudFund. In this follow-up post, their team gives a quick backgrounder on equity crowdfunding legislation in North America. The post details the current method of issuing securities using a prospectus and the shift Saskatchewan is leading to permitting prospectus exemptions to raising capital through equity crowdfunding. With a prospectus costing companies into the six figures, under a prospectus exemption equity crowdfunding could be the next big tool for cash strapped start ups to raise funding for their big ideas. To learn more and understand the requirements being proposed by the Ontario Securities Commission for companies using equity crowdfunding, see the full blog post linked below.
And for those who missed it, here’s their previous blog post on the different types of prospectus exemptions in Canada that TechAlliance shared last week: