The Blockport STO plans to include separate offerings to (i) accredited investors in the United States and (ii) to participants in Europe and other jurisdictions.
In the first round of our STO, we aim to leverage the ’small offering exemption’ of the European Prospectus Directive, which allows everyone within the European Economic Area to participate.
At the same time, accredited US investors will be able to participate in our STO under Rule 506(c), Regulation D and a separate offering under Regulation S under the Securities Act to investors in Europe and other countries. Our objective for this first round is to raise 5 Million Euros.
The reason for doing a smaller first round is mainly because of upcoming changes to the European ‘small offer exemption’, which include a lowering of the maximum amount allowed to be raised from 5M to 1M Euros. At Blockport, working within the lines of existing and future regulations is something we place a lot of emphasis on, whilst we also value the chance to offer our community an opportunity to invest in the Blockport company.
Regardless of whether you’re a professional and/or accredited investor, you’re able to participate in the first round of the STO, as long as you’re based in the European Economic Area. This exemption is not applicable to investors in the US, which means that only accredited investors in the US (under Reg D 506 c) can participate in the first round of the Blockport STO.