Regulation A - Small Offerings (17 CFR 230.251-263)

Regulation A, codified at 17 CFR 230.251-263, establishes a simplified registration framework for small public offerings, permitting issuers to raise up to $75 million in a 12-month period with reduced disclosure and reporting obligations. It creates two tiers of offerings-Tier 1 (up to $20 million) and Tier 2 (up to $75 million)-each with distinct eligibility, investor limits, and ongoing compliance requirements.