Known as the mini IPO, Regulation A+ is a securities registration exemption split into two tiers: Tier 1, for securities offerings of up to $20 million in a twelve-month period; and Tier 2, for securities offerings of up to $50 million in a twelve-month period. A startup issuing $20 million or less of securities can elect to proceed under either Tier 1 or Tier 2.

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