Ember: Prometheum’s Blockchain Security Offering
Once qualified by the SEC, Prometheum will offer for sale units consisting of one share of common stock and one Ember warrant that converts into one Ember token upon the creation of the Genesis block.
Indication of Interest
Understanding Regulation A+
The Jumpstart Our Business Startups Act (the “JOBS Act”) was enacted in 2012 to help small to medium-sized companies by providing improved access to capital and easing regulatory requirements on certain securities offerings. Title IV of the JOBS Act, entitled “Small Company Capital Formation,” directed the SEC to amend Regulation A under the Securities Act or adopt a new, similar regulation that exempts from Securities Act registration certain offerings of up to $50 million. On June 19, 2015, the SEC amended Regulation A (aka Regulation A+) so that eligible U.S. and Canadian companies can raise up to $50 million in a 12 month period in public offerings that are exempt from SEC registration. Regulation A+ offerings share some key characteristics with SEC-registered offerings, such as general public solicitation and advertising, which is why Regulation A+ offerings are also referred to as “mini-IPO’s.”
Issuers/companies can raise up to $50mm in a 12 month period (Legislation proposes increasing the limit to $75mm)
All investors, including non- accredited investors, can participate
Tier 2 Regulation A+ issued blockchain securities have few trading restrictions.
Prior to SEC qualification, issuers can “test the waters” to determine investor interest and, once qualified, advertise their offering to the public.
Actual cost reductions for legal, accounting, and related professional services