Press Release – LOS ANGELES – JANUARY 24, 2017 – StartEngine announced today that it will be launching a Secondary Market for Regulation Crowdfunding and Regulation A+ shares on March 1, 2017. Investors who previously purchased shares in offerings made under Regulation Crowdfunding and Regulation A+ will be able to buy and sell those shares directly through the StartEngine platform, unlocking new access to liquidity.
Under Regulation A+, introduced by the JOBS Act, shareholders can trade their shares freely immediately after the offering has closed. Under Regulation Crowdfunding, shareholders are able to trade their shares without restrictions 12 months after the offering has closed.
Investors who purchased shares on other equity crowdfunding platforms, in both Regulation Crowdfunding and Regulation A+ offerings, will also be able to buy and sell those shares on StartEngine.
StartEngine’s Secondary Market marks an important day for the future of Regulation Crowdfunding and for democratized investing. Not only can non-accredited investors invest in companies like they never could before, but now they can sell those shares on the exact same platform.
StartEngine hopes the Secondary Market continues the platform’s mission of promoting innovation and expanding opportunities for startups and early growth companies.
Since its launch on June 19, 2015, companies on StartEngine have has raised more capital from non-accredited investors than on any other platform site in the industry. More than 10,000 people have invested over $22 million across 23 companies. StartEngine’s Secondary Market will be these investors’ first opportunity to actively trade those shares.
StartEngine’s founder and CEO, Howard Marks, believes that “giving investors the ability to sell their investment is critical for democratizing access to capital for companies. This new platform will revolutionize liquidity for secondary shares and offer a real opportunity for investors to participate in innovative companies.”
StartEngine is the premier equity crowdfunding platform in the country. It connects aspiring investors, both accredited and non-accredited, with tomorrow’s most progressive companies. StartEngine aims to revolutionize the startup business model by helping individuals invest in private companies on a public platform for the first time in history, thereby helping entrepreneurs achieve their dreams. Based in Los Angeles, the company was created in 2013 by Howard Marks, co-founder of Activision and Ron Miller, award winning serial entrepreneur.