BLOCKVEST DEX GETS SEC REG A+ APPROVAL & PLANS TO “TEST THE WATERS” WITH IPO
The company is now SEC Reg A+ compliant and can offer their securities offering to Unaccredited Investors all over the globe. This a huge step forward for the Crypto community and a giant step forward in a positive direction.
US Citizens have been left out of some of the best ICOs due to being excluded by most issuers to avoid the stringent US regulations.
Previously the Crowdsale was private and only available to a select number of accredited and institutional investors. Since receiving Reg A+ approval from the SEC. Blockvest will forgo its Pre-ICO and initiate it’s Pre-IPO “Testing the Waters” Phase on July 1st which will be available to all investors. We will also be adding our plans to go public through IPO and list a portion of our token security offering on a nationally listed Exchange such as NYSE or Nasdaq to our road map which should be updated by the end of the month.
Closed end fund managers that want to list on the NASDAQ should be able to float 1,250,000 shares and have at least 2,500 total small investors, or 450 “round lot” investors — that is, investors who own more than 100 shares. The minimum capitalization of fund shares should be $30 million for funds traded by fund families. At the conclusion of the Pre-IPO & Global ICO these requirements will be easily achieved by the Blockvest Foundation.