What companies can raise capital through Fundanna?
Last Updated: Jun 05, 2017 15:25
All U.S.-based startups from the ancillary Cannabis space are welcome to use Fundanna. However, non-U.S. companies, entrepreneurs that are already SEC reporting companies and both registered and exempt investment companies would not be eligible. Entrepreneurs with certain deficiencies would also not be eligible, including:
1. companies disqualified under Section 302(d) of the JOBS Act and Rule 503 (which includes, among other things, certain designated “bad actor” disqualifications)
2. previous crowdfunding entrepreneurs that have failed to comply with the applicable annual reporting requirements during the two years prior to a new offering
3. companies that have no specific business plan
4. companies whose sole business plan is to engage in a merger or acquisition with one or more other companies
1. companies disqualified under Section 302(d) of the JOBS Act and Rule 503 (which includes, among other things, certain designated “bad actor” disqualifications)
2. previous crowdfunding entrepreneurs that have failed to comply with the applicable annual reporting requirements during the two years prior to a new offering
3. companies that have no specific business plan
4. companies whose sole business plan is to engage in a merger or acquisition with one or more other companies