Three months ago to the day I was writing about Blockstack’s regulated token offering.
Back then Blockstack announced that it filed with the SEC for a $50 million regulated token offering.
Today the STX token went on sale.
According to the Wall Street Journal, the SEC approved the $28 million offering under Regulation A+, an alternative to an initial public offering meant to help fledgling businesses raise capital.
Reg A+ is part of the Jumpstart Our Business Startups Act, a 2012 law meant to spur job creation. Under Reg A+, companies can raise up to $50 million in a 12-month period with fewer disclosure obligations than in a traditional IPO.
It’s big because with Reg A+ offerings regular investors can participate. You don’t have to be accredited.
Plus, this is the first time a token was issued instead of equity.
It’s likely the start of a new trend.
Long STX !!!
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