The Ember Smart Security Offering (SSO)
Prometheum will offer it’s Ember warrant/SST to all investors through a Regulation A+ offering that will be qualified by the SEC.
Indication of Interest
Understanding Regulation A+
Prometheum relies on Regulation A+ to enable companies to issue free trading cryptosecurities to all investors. Also known as a “mini-IPO”, this is an expansion of the capital raising Regulation A under the Securities Act of 1933. This update was passed in June of 2015 and is part of the SEC’s Jumpstart Our Business Startups Act (The JOBS Act – Title IV) that allows U.S. and Canadian companies to lawfully raise up to $50 million from all types of investors.Before Regulation A+, only IPOs could raise amounts in that range by offering securities to the public. Since IPOs are expensive and complicated, The U.S. government created Reg A+ to help companies raise capital faster, with less difficulty and at a lower cost.
Issuers/companies can raise up to $50mm (Legislation proposes increasing to $75mm)
All investors, including non-accredited investors, can participate
Regulation A+ Cryptosecurities offerings have no trading restrictions
Issuers/companies can advertise their offering to the public
Reduced costs for legal, accounting and related professional services