Regulation A Offerings

Description

The total number of unique offerings publicly filed under Regulation A, excluding any post-qualification amendments to those offerings. Post-qualification amendments are not included in this estimate due to heterogeneity in the reporting of offering amounts in such amendments, which complicates their classification for purposes of estimating offer amounts sought. The exclusion of post-qualification amendments may result in a lower-bound estimate of the amount of capital sought.

Calculation Method

Unique offerings are identified on the basis of Central Index Key (CIK) and file number. Post-qualification amendments are excluded. The statistics also exclude offerings identified as withdrawn or abandoned. An offering filed in a given year may be withdrawn or abandoned in a subsequent year. The statistics for “Tiers 1 & 2”, “Tier 1”, and “Tier 2” are based on all Regulation A offerings, Tier 1 offerings only, and Tier 2 offerings only, respectively.

Data Source

EDGAR filings, Form 1-A (Offering Statement) and Form 1-A-W (Withdrawal of Offering Statement).

Description

The aggregate dollar amount sought in all offerings filed under Regulation A, excluding any post-qualification amendments to those offerings.

Calculation Method

Sum of dollar amounts sought in filed offering statements on Form 1-A. The dollar amounts sought are based on the maximum offering amounts sought as shown in the offering statement or the latest pre-qualification amendment to it.  Post-qualification amendments are excluded. The statistics also exclude offerings identified as withdrawn or abandoned.  The statistics for “Tiers 1 & 2”, “Tier 1”, and “Tier 2” are based on all Regulation A offerings, Tier 1 offerings only, and Tier 2 offerings only, respectively.  Amounts raised may be lower than the amounts sought. The exclusion of post-qualification amendments may result in a lower-bound estimate of the amount of capital sought.

Data Source

EDGAR filings, Form 1-A (Offering Statement) and Form 1-A-W (Withdrawal of Offering Statement).

Description

The average dollar amount sought in all offerings publicly filed under Regulation A.

Calculation Method

Average of dollar amounts sought in all filed offering statements on Form 1-A. The dollar amounts sought are based on the maximum offering amounts sought as shown in the offering statement or the latest pre-qualification amendment to it. Post-qualification amendments are excluded.  The statistics also exclude offerings identified as withdrawn or abandoned. The statistics for “Tiers 1 & 2”, “Tier 1”, and “Tier 2” are based on all Regulation A offerings, Tier 1 offerings only, and Tier 2 offerings only, respectively. The exclusion of post-qualification amendments may result in a lower-bound estimate of the amount of capital sought.

Data Source

EDGAR filings, Form 1-A (Offering Statement) and Form 1-A-W (Withdrawal of Offering Statement).

Description

The total number of unique offerings filed under Regulation A that have been qualified by a notice of qualification, excluding any post-qualification amendments to those offerings. Post-qualification amendments are not included in this estimate due to heterogeneity in the reporting of offering amounts in such amendments, which complicates their classification for purposes of estimating offer amounts sought. The exclusion of post-qualification amendments may result in a lower-bound estimate of the amount of capital sought.

Calculation Method

Unique qualified offerings are identified on the basis of CIK and file number. Post-qualification amendments are excluded. The statistics also exclude offerings identified as withdrawn after qualification. A qualified offering may be withdrawn in a subsequent year, thus the cumulative total of qualified offerings (excluding offerings withdrawn as of the end of the reporting period) is lower than the sum of the annual counts from individual years (excluding offerings withdrawn as of the end of the respective year). The statistics for “Tiers 1 & 2”, “Tier 1”, and “Tier 2” are based on all qualified Regulation A offerings, Tier 1 offerings only, and Tier 2 offerings only, respectively.

Data Source

EDGAR filings, Form 1-A (Offering Statement) and Form 1-A-W (Withdrawal of Offering Statement).

Description

The aggregate dollar amount sought in all offerings filed under Regulation A that have been qualified by a notice of qualification, excluding any post-qualification amendments to those offerings.

Calculation Method

Sum of dollar amounts sought in qualified offering statements on Form 1-A. The dollar amounts sought are based on the maximum offering amounts sought in the qualified offering statement or the latest pre-qualification amendment to it. Post-qualification amendments are excluded.  The statistics also exclude offerings identified as withdrawn after qualification. The statistics for “Tiers 1 & 2”, “Tier 1”, and “Tier 2” are based on all qualified Regulation A offerings, Tier 1 offerings only, and Tier 2 offerings only, respectively. Amounts raised may be lower than the amounts sought. The exclusion of post-qualification amendments may result in a lower-bound estimate of the amount of capital sought.

Data Source

EDGAR filings, Form 1-A (Offering Statement) and Form 1-A-W (Withdrawal of Offering Statement).

Description

The average dollar amount sought in all offerings filed under Regulation A that have been qualified by a notice of qualification, excluding any post-qualification amendments to those offerings.

Calculation Method

Average of dollar amounts sought in qualified offering statements on Form 1-A. The dollar amounts sought are based on the maximum offering amounts sought in the qualified offering statement or the latest pre-qualification amendment to it. Post-qualification amendments are excluded. The statistics also exclude offerings identified as withdrawn after qualification. The statistics for “Tiers 1 & 2”, “Tier 1”, and “Tier 2” are based on all qualified Regulation A offerings, Tier 1 offerings only, and Tier 2 offerings only, respectively. The exclusion of post-qualification amendments may result in a lower-bound estimate of the amount of capital sought.

Data Source

EDGAR filings, Form 1-A (Offering Statement) and Form 1-A-W (Withdrawal of Offering Statement).

Description

The number of issuers reporting proceeds in offerings under Regulation A.

Calculation Method

The number of issuers reporting proceeds under Regulation A is based on information in exit reports on Form 1-Z, annual reports on Form 1-K, semiannual reports on Form 1-SA, current reports on Form 1-U, amendments to those reports, offering circular supplements and post-qualification amendments filed under Regulation A, and other public sources. Estimates represent a lower bound on the number of issuers that have raised capital, given the time frames for reporting proceeds following completed or terminated offerings and that offerings qualified during the report period may be ongoing. The statistics exclude issuers reporting proceeds of zero. The statistics for “Tiers 1 & 2”, “Tier 1”, and “Tier 2” are based on all closed and ongoing Regulation A offerings, Tier 1 offerings only, and Tier 2 offerings only, respectively.

Data Source

EDGAR filings, Forms 1-Z (Exit Report), 1-K (Annual Report), 1-SA (Semiannual Report), 1-U (Current Report), amendments to them, offering circular supplements, post-qualification amendments, and other public sources.

Description

The aggregate amount of proceeds reported raised by issuers in offerings under Regulation A.

Calculation Method

The aggregate amount of proceeds reported raised by issuers in exit reports on Form 1-Z, annual reports on Form 1-K, semiannual reports on Form 1-SA, current reports on Form 1-U, amendments to those reports, offering circular supplements and post-qualification amendments filed under Regulation A.  Estimates represent a lower bound on the amounts raised, given the time frames for reporting proceeds following completed or terminated offerings and that offerings qualified during the report period may be ongoing. The statistics for “Tiers 1 & 2”, “Tier 1”, and “Tier 2” are based on proceeds as reported by issuers in all Regulation A offerings, Tier 1 offerings only, and Tier 2 offerings only, respectively.

Data Source

EDGAR filings, Forms 1-Z (Exit Report), 1-K (Annual Report), 1-SA (Semiannual Report), 1-U (Current Report), amendments to them, offering circular supplements, post-qualification amendments, and other public sources.

Description

The average amount of proceeds reported raised by issuers in offerings under Regulation A.

Calculation Method

The average amount of proceeds reported raised by issuers in exit reports on Form 1-Z, annual reports on Form 1-K, semiannual reports on Form 1-SA, current reports on Form 1-U, amendments to those reports, offering circular supplements and post-qualification amendments filed under Regulation A, and other public sources. Estimates represent a lower bound on the amounts raised, given the time frames for reporting proceeds following completed or terminated offerings and that offerings qualified during the report period may be ongoing. The statistics exclude issuers reporting proceeds of zero. The statistics for “Tiers 1 & 2”, “Tier 1”, and “Tier 2” are based on all closed and ongoing Regulation A offerings, Tier 1 offerings only, and Tier 2 offerings only, respectively.

Data Source

EDGAR filings, Forms 1-Z (Exit Report), 1-K (Annual Report), 1-SA (Semiannual Report), 1-U (Current Report), amendments to them, offering circular supplements, post-qualification amendments, and other public sources.