Rule 505 was a Regulation D exemption that historically permitted certain private offerings up to a dollar limit, but it was repealed by the SEC and is no longer available for new offerings. In legacy documents and discussions, Rule 505 may still appear, and understanding Rule 505 helps interpret older financing history and compliance references.
Ryan RobertsStartup Lawyer
Ryan Roberts is a startup lawyer with more than two decades of experience advising on venture financings and M&A transactions totaling more than $1 billion. He is the author of the Amazon bestselling startup law book Acceleration.
