Secondary Trading in Regulation A+ Securities; $4.4 Million Committed by Investors Under Regulation Crowdfunding
In connection with the SEC meeting of the Advisory Committee on Small and Emerging Companies, the SEC posted a presentation which deals in part on secondary trading of Regulation A+ securities. Among other things, it includes slides showing secondary trading activity in two Regulation A offerings – Elio Motors and Coastal Banking Company. The Elio chart shows some volatility. The offering was made at $12.00 per share, trading opened at $14.00 per share, there was a high of over $55 per share, and recent trades at around $20 per share.
In other news of note, Chair White advised that there had been over 60 Regulation Crowdfunding offerings with a total of $4.4 million in funds committed by investors. She also noted twelve funding portals have registered with the Commission and become members of FINRA.
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