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New Rule 506(c): General Solicitation in Regulation D Offerings On August 29, the SEC in effect created an entirely new type of offering not subject to registration under the Securities Act of 1933.
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The new rule 506c general allows for general solicitation and advertising in private offerings.
Issuers looking to raise capital through private offerings are required to file new rule 506c general.
New rule 506c general can be filled out by providing all relevant information about the offering, including details about the issuer, investors, and the offering itself.
The purpose of new rule 506c general is to provide issuers with more flexibility in raising capital by allowing them to engage in general solicitation and advertising.
Information such as the issuer's name, contact information, details about the offering, and any relevant disclosures must be reported on new rule 506c general.
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