Current through February 27, 2024
1.
A Tier 2 issuer planning to offer and sell securities in this State shall, not
less than 21 calendar days before the initial sale of the securities in this
State, submit to the Administrator:
(a) At
least one of the following:
(1) A completed
Uniform Notice of Regulation A " Tier 2 Offering notice filing form;
or
(2) A copy of every document
filed with the Securities and Exchange Commission;
(b) If the Tier 2 issuer submits the
documents described in subparagraph (2) of paragraph (a), a completed Uniform
Consent to Service of Process Form (Form U-2); and
(c) The fee prescribed by subsection 2 of
NRS
90.500.
2. The submission required by subsection 1 is
effective for 1 year after the date on which the documents and fee are received
by the Administrator.
3. If the
Tier 2 issuer described in subsection 1 wishes to offer a security beyond the
initial 1-year period described in subsection 2, the Tier 2 issuer must, on or
before the expiration of such period, submit to the Administrator:
(a) At least one of the following:
(1) A completed Uniform Notice of Regulation
A " Tier 2 Offering notice filing form marked "renewal"; or
(2) A cover letter or other document
requesting such renewal;
(b) A fee in the amount prescribed by
subsection 2 of NRS
90.500 to renew the unsold portion of
securities for which the fee described in subsection 2 was paid; and
(c) If the amount of securities subject to
this section has been increased in accordance with subsection 4 since the
initial period described in subsection 2, a fee in the amount prescribed by
subsection 2 of NRS
90.500 to cover the increase in the amount of
securities.
4. A Tier 2
issuer may increase the amount of securities offered in this State if the Tier
2 issuer, before offering the additional securities, submits to the
Administrator:
(a) At least one of the
following:
(1) A completed Uniform Notice of
Regulation A " Tier 2 Offering notice filing form marked "amendment";
or
(2) Any other document
describing the transaction; and
(b) The fee calculated pursuant to subsection
14 of NRS
90.500 to cover the increase in the amount of
securities being offered.
5. As used in this section, "Tier 2 issuer"
means an issuer who offers and sells securities in this State where the
offerings are made under Tier 2 of Federal Regulation A and:
(a) Section 18(b)(3) and section 18(b)(4) of
the Securities Act of 1933;
(b)
Section 18(c)(2) of the Securities Act of 1933; or
(c) Both paragraphs (a) and (b).
Added
to NAC by Sec'y of State by
R018-21A,
eff. 6/2/2023
NRS
90.750,
90.755
