A lot of the publicity has focussed on crowdfunding platforms. The successful crowdfunded capital raising by Renaissance Brewing illustrates how crowdfunding could be an option for some companies.
The changes also include some more traditional options for capital raising.
One significant change is a new ‘small offer’ exemption, which enables up to $2 million to be raised from up to 20 investors in a 12 month period, without the need for a prospectus or investment statement. It enables growing businesses to raise moderate amounts of capital quickly, cost effectively, and with minimal fuss.
In the few months since the new rules became law our capital raising experts have had a lot of interest from the market. We have already advised on deals that take advantage of the changes, and worked with clients to address the few legal complexities that still arise.
Start a conversation
We’re interested in working with existing clients and contacts that might benefit from the changes. If you’d like to hear more about how we can help, please contact Chris Parke on 09 375 1157 or Nick Summerfield on 04 498 0876. We can also assist with introductions in the crowd funding area, if this is of interest to you.