The Regulation A+ exemption is divided into Tier 1 and Tier 2 offerings. Tier 1 offerings are limited to 20MM within a 12-month period and require compliance with state blue sky securities laws regarding securities offerings.
Tier 2 offerings are capped at 50MM within a 12-month period. Furthermore, Tier 2 offerings preempt state blue sky securities laws. This provides a significant advantage as it eliminates the burden and expense associated with compliance to state blue sky securities laws.
Therefore, StartEngine is only working with issuers of Tier 2 offerings presently.