The Abele Group, an international financial technology company, seeks to become the first company to be qualified by the SEC to conduct an ICO under Regulation A+, the official press release states.
According to Investopedia, Regulation A is an exemption from registration requirements – instituted by the Securities Act – that apply to public offerings of securities that do not exceed USD 5 million in any one-year period. Companies utilizing the Regulation A exemption must still file offering statements with the SEC. However, the companies utilizing the exemption are given distinct advantages over companies that must fully register. The issuer of a Regulation A offering must give buyers documentation with the issue, similar to the prospectus of a registered offering.
The Abele Group’s ICO will fund the launch of a fully digital custodian and marketplace, powered by blockchain and AI. The group is a finance and technology company aiming to revolutionize the financial industry by bringing it into the digital age with blockchain technology and artificial intelligence.
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