Security Campaign Builder - 12 - Offering Statement - Issuer Info - Preview


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Security Campaign Builder - 12 - Offering Statement - Issuer Info - Preview


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Issuer Info – This tab contains disclosures about the financial condition of the issuer, leaves space to provide additional documentation, and requests information about the issuers history as it pertains to any regulatory or disciplinary actions that might need to be disclosed to prospective investors.

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Does the issuer have an operating history – If a company has not been set up to be an investment vehicle or serve some other special purpose, it will likely have had an operating history unless it was just established for the purposes of the current offering. Without special circumstances applying, most issuers would select “Yes” for this question.

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Describe the financial condition of the issuer – This section is to provide prospective investors with a narrative overview of the issuers finances and accounting. Pay careful attention to the instructions - look to cover 2 years of financials in the description (or less if the company has not been in existence for 2 complete years).

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Financial Information – Attach your financial statements here. Statements that covering 2 years up until today are ideal, or as much operating history as exists if the company did not exist over 2 years ago. Include year-end and current Balance Sheets, Income Statements, Statements of Cash Flows, and Statements of changes in stockholders’ equity as applicable. Include any notes to the financial statements that may need to be included according to your accountant or advisors. Please attest to the accuracy and truthfulness of the statements by having a principal executive officer of the company sign an attestation for the statements. If your financial statements are required to be audited or certified by an independent accountant depending on the nature of your capital raise, they can be attached here along with the signed audit or review report.

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Financial Statements of the Issuer and its predecessors – The following questions are legal disclosure questions. Read each question carefully. If you answer yes to any of the questions, a description box will appear where you can explain your answer. Not all issuers will be able to rely on specific exemptions to offer their securities. Specifically, depending on the answers to these questions, some issuers may not be eligible to rely on Regulation CF (Form C) to raise capital. Responses will be reviewed by a Umergence Representative and in campaigns utilizing Regulation CF (Form C)

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Any other documents that need to be included to describe your offering info should be attached in the Other Material Info section. Examples of materials to be included in this section are:

  • Business description and plan
  • Loan or other funding agreements
  • Director and officer work histories
  • Financial models
  • Certifications or statements from CPA’s or attorneys

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Ongoing Reporting – this section is specifically required for campaigns utilizing Regulation CF (Form C). This section requests the date by which an annual report for the company will be filed and where it will be made available on the company’s website. If the campaign is not using Regulation CF, include a date by which some form of financial/progress update will be made available to investors annually and where they will be able to locate it on the company’s website.

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Once the offering statement tab is completed, it can be previewed or submitted to a Umergence representative for review. The next tab of the campaign builder is the Campaign Details section.

This tutorial continues for the next section of the campaign builder here.