StartEngine Crowdfunding Inc. Launches Overstock.com Subsidiary tØ.com, Inc. as the First Regulated ICO on Its Platform
March 01, 2018 at 04:28 pm
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StartEngine Crowdfunding Inc. announced that it has launched Overstock.com subsidiary tØ.com Inc. (tZERO) as the first regulated ICO on its platform in compliance with Rule 506(c) under the Securities Act, in a sale limited to accredited investors. On March 1, 2018, tZERO launched its sale of tZERO Equity Tokens on StartEngine’s platform. tZERO’s offering is for $250 million, with an option to upsize to $300 million, and is available until May 14, 2018. StartEngine is an ICO platform that is built to support regulated ICOs with a myriad of features critical to meet regulations in the United States and internationally. The platform facilitates raises under existing exemptions from registration under the Securities Act, including Rule 506(c), Regulation A+ and Regulation Crowd funding. To date, StartEngine has helped over 150 companies raise capital from nearly 140,000 users. This ICO announcement is a continuation of StartEngine’s expansion into crypto currencies. StartEngine accepts Bitcoin and Ether as payment methods, alongside credit cards, ACH bank transfer and wire transfer.
StartEngine Crowdfunding, Inc. is focused on developing a startup financing model, which helps both accredited and non-accredited investors to invest in private companies on a public platform. The Company operates as a technology platform connecting issuers and investors, as a broker-dealer and as a Regulation Crowdfunding funding portal. Its offerings include Regulation A Offerings, Regulation Crowdfunding Offerings and Rule 506(c) Offerings. Its products and services include StartEngine OWNers Bonus, StartEngine Secure, StartEngine Premium, StartEngine Primary, StartEngine Secondary, StartEngine Assets and StartEngine Private. StartEngine Private provides accredited investors the opportunity to purchase membership interests in funds (SE Funds) which own shares of venture-capital backed, late-stage private companies. StartEngine Secure offers transfer agent services, which include tracking each investorâs account information and the amount of securities purchased and date purchased.