Offering Frameworks: Reg CF vs. Reg A+ vs. Reg D
This file explains how R. Block Nation plans to leverage three complementary JOBS Act-based frameworks: Regulation CF, Regulation A+, and Regulation D, each at different stages of the platform’s lifecycle.
🚀 Phase 1: Regulation CF
Reg CF is the initial launch vehicle for platform validation and MVP buildout.
- Max raise: $5M
- Uses: Fund MVP development, legal/compliance stack, early marketing
- Submitted via: Funding Portal (no BD needed)
- Intermediary: FINRA-regulated funding portal
- Voting rights: None (non-governance equity token)
- Token: RBCB – tokenized Class B units, 12-month lockup
This raise establishes product-market fit, traction, and compliance readiness.
📈 Phase 2: Regulation A+ (Only After CF Traction)
Only after meaningful CF traction will a Reg A+ filing be pursued.
- Max raise: $75M/year
- Uses: National expansion, onboarding 3rd-party issuers, platform scaling
- Submitted via: Funding Portal or Broker-Dealer
- Token: May offer optional voting rights
- Filing: Form 1-A, qualified by SEC
- Liquidity: Tradable immediately via ATS (once qualified)
Reg A+ is contingent on CF success and infrastructure readiness.
🧩 Optional Sidecar: Regulation D
Used for private placements to accredited investors, possibly alongside Reg CF or Reg A+ raises.
- No raise cap (Rule 506)
- No SEC qualification required
- Must file Form D
- No public solicitation unless using 506(c)
- Use case: Strategic partners, advanced investors, platform equity sales
This allows institutional or large checks while staying JOBS Act-compliant.
💡 Summary
| Category | Reg CF | Reg A+ | Reg D |
|---|---|---|---|
| Raise Cap | $5M | $75M | Unlimited |
| Investor Type | Public / Retail | Public / Retail | Accredited Only |
| Intermediary | Funding Portal | Funding Portal or BD | None required |
| Voting Rights | None (RBCB token) | Optional (issuer-defined) | Optional (custom structuring) |
| Filing Requirement | Form C | Form 1-A | Form D |
| Liquidity | 12-month lock | ATS post-qualification | Usually no secondary market |
| Use Case | Platform MVP | National Scale | Institutional Access |