[Just In] A New Twist to Equity Crowdfunding Legislation in Canada
Less than a week after co-writing a post on the exorbitant upfront costs of launching an equity crowdfunding project in the proposed framework, our provincial regulators announce that they have modified their proposal and drafted not one but two crowdfunding exemptions. In consideration of two different sets of client needs: SMEs and start-ups. I salute their effort in doing so.
In keeping with our willingness to see this model succeed, we will read this document with great interest and get back to you with our analysis and forthcoming commentary. Feel free to leave me your impressions.