Regulation A+ allows smaller companies to raise capital with a simplified registration process. What is the maximum offering amount under Regulation A+ Tier 2?

Why B — $75 million in a 12-month period

Regulation A+ Tier 2 allows companies to raise up to $75 million in a 12-month period with a simplified registration process. Tier 1 allows up to $20 million. Tier 2 offerings are exempt from state blue sky registration requirements (preempted by federal law) but require ongoing reporting obligations including audited financial statements. Reg A+ is sometimes called a 'mini-IPO' because it provides a lighter regulatory path for smaller companies to access public capital markets.