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Program Restrictions
Midwest Regional Review Limitations
  • If the proposed business of the company requires a minimum amount of proceeds to commence or to proceed with the business in the manner proposed, there shall be established an escrow account with a bank, savings and loan association, or other similar depository institution acting as independent escrow agent with which shall be immediately deposited all proceeds received from investors until the minimum amount of proceeds has been raised.
  • Only equity offerings not exceeding $5 million - consisting of common stock, preferred stock, membership interests, or units consisting of equity securities and warrants to purchase equity securities - will be considered for coordinated review.
  • The company issuing securities in connection with Securities and Exchange Commission (SEC) Regulation A or Regulation D Rule 504 must comply with the requirements of the North American Securities Administrators Association's (NASAA) Small Company Offering Registration (SCOR) Statement of Policy.