Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 1 - Banking, Securities, Small Loans and Corporations
Chapter 08 - Securities
Article 7 - Small Intrastate Securities Offerings
3 AAC 08.810 - Notice filing requirements

Universal Citation: 3 AK Admin Code 08.810

Current through February 24, 2025

(a) In an offering conducted in reliance upon the crowdinvesting exemption in AS 45.55.175, the issuer shall file with the administrator, not later than 10 days before the use of a general solicitation or not later than 15 days after the first sale of a security,

(1) a completed notice filing form as prescribed by the administrator;

(2) the nonrefundable notice filing fee required by 3 AAC 08.920(a)(12);

(3) a copy of all advertising and other materials directed to or to be supplied to prospective purchasers in the offering;

(4) a copy of the offering document and disclosures to be provided to prospective purchasers;

(5) a copy of the escrow agreement between the issuer and an escrow agent in which the offering proceeds will be deposited; and

(6) a copy of any agreement between the issuer and a third-party website operator, if applicable.

(b) A notice filing under this section is effective for one year from the date the administrator receives all the items required by (a) of this section. To renew a notice in which the same offering is continued, the issuer shall submit the items required by (a) of this section, as if the issuer were making an initial filing.

(c) An issuer who has filed a notice filing under this section shall update any material change on the notice filing form and file it with the administrator not later than 30 days from the date of the change.

(d) To claim an exemption under AS 45.55. 175, an issuer must have an active business license issued under AS 43.70.

Authority: AS 45.55.175

AS 45.55.950

Disclaimer: These regulations may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.