SEC Issues Emergency Rules to Facilitate Title III Crowdfunding During COVID-19 Crisis

May 8, 2020
Crowdfunding for Infrastructure Projects, Investing in Infrastructure, Investment Opportunities

The SEC has adopted temporary rules to make Title III Crowdfunding a little easier from now until August 31, 2020.  They aim to make Title III Reg CF crowdfunding offerings easier to launch in four ways:

  • The relief will apply to offerings launched between May 4, 2020, and August 31, 2020. 
  • Companies raising up to $250,000 will only need to self-certify the financials as opposed to spending time and money on a comprehensive CPA review.
  • The 21 day waiting period to take commitments has been temporarily removed and;
  • Offerings can close sooner than the campaign deadline date as long as the target offering amount has been reached.

The full temporary rules are available here.

These rule changes underscore the SEC’s commitment to Title III Reg CF Crowdfunding as a needed form of capital raising in the post COVID landscape.

InfraShares is the only FINRA approved Title III Reg CF Funding Portal focused on infrastructure and we look forward to expanding our marketplace of infrastructure investment opportunities.