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Florida Administrative Code (Last Updated: October 28, 2024) |
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69. Department of Financial Services |
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69W. Securities |
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69W-700. Registration Of Securities |
Effective on Tuesday, October 1, 2024
1In offerings where the issuer is a development-stage company, the ratio of equity investment by promoters or insiders to the aggregate public offering shall be no less than:
29(1) Seven percent (7%) of the first $1,000,000 of the aggregate public offering; and,
45(2) $70,000 plus two and one-half percent (2.5%) of the next $4 million of the aggregate public offering; and,
65(3) Fi$170,000 for offerings greater than $5 million.
74Rulemaking Authority 76517.03(1) FS. 78Law Implemented 80517.081(3), 81(9) FS. History–New 9-20-82, Formerly 3E-20.03, 3E-700.05, Amended 10-26-97, Formerly 3E-700.005, Amended 5-15-07, 9-22-14, 10-1-24.
