All About the Integration - SEC Says Kik Illegally Offered Securities

Polsinelli
Contact

Polsinelli

All fans of the Simple Agreement for Future Tokens (SAFT) should read the SEC's brief in support of motion for summary judgment in the Kik case. The SEC argues that even if Kik conducted two separate offerings of Kin, Kik still does not qualify for the Rule 506(c) exemption from registration of the securities because it cannot demonstrate that its “two” offerings should not be integrated and considered a single offering.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Polsinelli | Attorney Advertising

Written by:

Polsinelli
Contact
more
less

PUBLISH YOUR CONTENT ON JD SUPRA NOW

  • Increased visibility
  • Actionable analytics
  • Ongoing guidance

Polsinelli on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide