3 AAC 08.086 - Notice filing requirement for federal crowdfunding offerings

(a) An issuer that offers and sells securities in this state in an offering exempt under 15 U.S.C. 77 r(b)(4) (sec. 18(b)(4) of the Securities Act of 1933) and 17 C.F.R. Part 227 (Regulation Crowdfunding) and that has its principal place of business in this state or sells 50 percent or greater of the aggregate amount of the offering to residents of this state shall file with the administrator

(1) a completed NASAA Uniform Notice of Federal Crowclfunding Offering form; and

(2) the filing fee required by 3 AAC 08.920(a)(13).

(b) If the issuer has its principal place of business in this state, the filing required under (a) of this section shall be filed with the administrator when the issuer makes its initial Form C filing concerning the offering with the SEC. If the issuer does not have its principal place of business in this state but state residents have purchased 50 percent or greater of the aggregate amount of the offering, the filing required under (a) of this section shall be filed when the issuer becomes aware that those purchases have met this threshold and in no event later than 15 days from the date of completion of the offering.

(c) The initial notice is effective for one year following the effective date of the filing.

(d) For each additional one-year period in which the same offering is continued, an issuer conducting an offering under 17 C.F.R. Part 227 (Regulation Crowdfunding) may renew its notice filing by filing, on or before the expiration of the notice filing,

(1) a completed NASAA Uniform Notice of Federal Crowdfunding Offering form marked "renewal"; and

(2) the filing fee required by 3 AAC 08.920(a)(13).

Notes

3 AAC 08.086

Eff. 11/26/2016, Register 220, January 2017

Authority:AS 45.55.950