Accredited Investors

Accredited Investors

The BomBoard LLC offering is only open to “Accredited Investors”

 

Individual Accredited Investors must meet one of these requirements
The investor is a natural person whose individual net worth, or joint net worth with the investor’s spouse, at the time of purchase, exceeds $1,000,000, excluding the value of the investor’s primary residence
The investor is a natural person who had an individual income in excess of $200,000 in each of the two most recent years or joint income with the investor’s spouse in excess of $300,000 in each of the two most recent years, and the investor has a reasonable expectation of reaching the same income level in the current year

 

Equity crowdfunding to “main street” investors is done through a portal?
New crowdfunding rules that took effect on May 16, 2016 allows “main street” investors to buy securities in private companies, opening up new opportunities and risks for such investors
To protect non-accredited investors, the SEC has created a number of safeguards including having all such offerings done through portals.
Companies must use a portal for all the offering documents and processing of investors. BomBoard is not currently pursuing equity crowdfunding.