Dear DNotes team, do you maybe have any update on status of Reg D 506 (c) crowdfunding? How far are you with preparation and did the funding already begin or do you have any estimated date when will it begin?
I think this will be very important step for DNotes...
Thank you for asking, Amadeus82.
We are at the final stages of legal documentation and preparation of our Reg. D 506 (c) PPM (Private Placement Memorandum). Ziliak Law, LLC in Chicago, IL completed the final draft copy yesterday and it has just been transferred to Reg D Resources in Denver, CO. It is now in the process of being converted to a presentation grade PPM. Meanwhile, a compliance web portal is being developed to accommodate this specific project. Conservatively, we should be ready to file with the SEC towards the end of June.
We are spending more time and money on this project than normal. This is because we want to have a good start in transition to our main funding round using Reg. A+ Mini-IPO to raise up to $50 million from accredited and non-accredited investors worldwide. It will be heavily promoted. That is the time we want to put DNotes Global on the world map, so to speak.
Please understand that our first round, Reg. D 506 (c) is an exempt offering only available to verified accredited investors. There is an approval process incorporated into our web portal to limit access to only accredited investors.