Is XY Findables a public company and does it have to follow the same rules as other public companies?
Yes, XY Findables is a “public company”, very similar to ones you would see on the NYSE or NASDAQ, but Reg A+ (Title IV) does make some allowances for the fact that most Reg A+ companies are smaller.
For example, the reporting requirements are lighter and less frequent. A Reg A+ company only has to submit a public filing twice a year instead of four times a year. The annual financials are still required to be audited, just like a traditional “IPO” company.
One key difference between shares purchased through a Reg A+ offering and traditional stock purchases is that Reg A+ shares are more likely to be illiquid, and therefore should be considered a longer term investment. The relative difficulty in trading Reg A+ shares is not so much a specific function of the Reg A+ offering as it is the fact that the Reg A+ company’s shares are not listed on an exchange (such as the NYSE or NASDAQ), so it is not always easy for potential buyers and sellers to connect. A Reg A+ company can, and some have, listed on over the counter exchanges, allowing a market to be made where shares can be openly bought and sold.
You can find out more about the XY Findables Reg A+ Offering at https://www.xyfindables.com/
SEC DISCLAIMER AND FORWARD-LOOKING STATEMENTS:
AN OFFERING STATEMENT REGARDING OUR XY REGULATION A+ OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. IT DOES NOT MEAN THAT THE SEC HAS APPROVED, PASSED UPON THE MERITS OR PASSED UPON THE ACCURACY OR COMPLETENESS OF THE INFORMATION IN THE OFFERING STATEMENT. YOU MAY OBTAIN A COPY OF THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT FROM HERE.
YOU SHOULD READ THE OFFERING CIRCULAR BEFORE MAKING ANY INVESTMENT.
OFFERING DOCUMENTATION CAN BE FOUND AT www.xyfindables.com/offering