Regulation Crowdfunding:
Following the completion of the offering, Republic may or may not have an ongoing relationship with the Issuer.
Issuers must file at least one report electronically with the Securities & Exchange Commission annually and post the report on its website, no later than 120 days after the end of the Issuer’s fiscal year.
Once posted, the annual report may be found on the Issuer’s website.
The Issuer must continue to comply with the ongoing reporting requirements until:
(1) the Issuer is required to file reports under Section 13(a) or Section 15(d) of the Exchange Act;
(2) the Issuer has filed at least three annual reports pursuant to Regulation CF and has total assets that do not exceed $10,000,000;
(3) the Issuer has filed at least one annual report pursuant to Regulation CF and has fewer than 300 holders of record;
(4) the Issuer or another party repurchases all of the Securities issued in reliance on Section 4(a)(6) of the Securities Act, including any payment in full of debt securities or any complete redemption of redeemable securities; or
(5) the Issuer liquidates or dissolves its business in accordance with applicable state law.
Other Exemptions:
Companies that conduct a Reg A are required to file annual and semiannual reports, along with periodic updates, with the SEC until certain thresholds are met to discontinue reporting. Other offerings may not require financial updates by the company after you have invested.