How much you can invest in the different offerings on the Republic platform primarily depends on the type of offering you are investing in and your accredited investor status.
To know how much you can invest in any offering on Republic, you must first understand whether you qualify as an accredited investor or not.
Many of the offerings hosted on Republic are listed under Regulation Crowdfunding, also referred to as Reg CF. If you are an accredited investor, there are no investment limits for investing in Reg CF campaigns.
Note: Once you have self-certified yourself (or you have previously been verified) as an accredited investor on the platform, you are able to invest without limits. Note, your self-certification may be randomly selected for audit or questioned, so please be truthful as providing a false representation is a violation of our terms of service and can result in your accounting being suspended.
If you’re a non-accredited investor, the amount you can invest under Regulation Crowdfunding during any 12 month period depends on your annual income level and net worth. As a non-accredited investor, you can invest the greater of
If your annual income or net worth is less than $107,000, you can invest 5% of the greater of your annual income or net worth; or
If both your income and net worth are equal to or more than $107,000, you can invest 10% of the greater of your annual income or net worth, not to exceed an amount of $107,000.
Remember this limit applies across all Reg CF deals, so if you invest in Reg CF deals on other platforms, you will need to disclose this too (and keep the disclosure updated) so we properly track your limit.
Regulation A/A+ offerings have different investment limits for different investor types as well. There are no limits to how much accredited investors can invest in Reg A/A+ offerings, while non-accredited investors can invest up to 10% of their net worth or annual income per offering, whichever is greater.
Regulation Crowdfunding investments and limits do not affect your investment limits under Regulation A/A+ or vice versa.
Republic will contact you to update this info from time to time, but you can always do so by clicking this link to access your portfolio and update your disclosures.
Failure to provide true and correct information regarding your income, net worth, or previous investments may result in your investment commitments being cancelled and your account frozen.
Republic Core LLC (“Core”) provides technology and support services to OpenDeal Inc. and its affiliates (collectively, the “Republic Ecosystem”). Republic Note holders and as well as users of the site and services maintained by the Republic Ecosystem, regardless of and their activities on or relating to the Republic Ecosystem, are subject to the applicable terms of service, in their entirety.
Core is currently conducting an offering of Republic Notes under Rule 506(c) of Regulation D under the Securities Act of 1933, as amended (the “Securities Act”) to persons who are accredited investors, as that term is defined in Rule 501. Only accredited investors are eligible to participate in the Rule 506(c) offering. Accredited investors who wish to participate in the Rule 506(c) offering should receive and review carefully the Private Placement Memorandum pertaining to that offering, as it contains important information for potential investors to consider prior to making an investment decision. Accredited investors who wish to participate in the Rule 506(c) offering will be required to (i) complete a subscription agreement, (ii) acknowledge that they have received and read the Private Placement Memorandum, and (iii) provide information verifying their status as accredited investors.
Core is also “testing the waters” with respect to the sale of Republic Notes under Regulation A of the Securities Act. The “testing the waters” process allows companies to determine whether there may be interest in an eventual offering of its securities to qualified purchasers under Regulation A. Core is not under any obligation to make an offering under Regulation A. No money or other consideration is being solicited for an offering under Regulation A at this time and, if sent, it will not be accepted.
Core may choose to make an offering to some, but not all, of the people who indicate an interest in investing, and that offering may or may not be made under Regulation A. For example, Core may choose to proceed with its offering under Rule 506(c) without ever conducting a Regulation A offering, in which case only accredited investors within the meaning of Rule 501 will be able to buy Republic Notes.
If and when Core conducts an offering under Regulation A of the Act, it will do so only once (i) it has filed an offering statement with the Securities and Exchange Commission (“SEC”), (ii) the SEC has qualified such offering statement and (iii) investors have subscribed to the offering in the manner provided for in the offering statement. The information in the offering statement will be more complete than any test-the-waters materials and could differ in important ways. Prospective investors who are interested in participating in the Regulation A offering must read the offering statement filed with the SEC, when that offering statement becomes publicly available.
No money or other consideration is being solicited at this time in connection with any potential Regulation A offering and, if tendered, will not be accepted. No offer to buy securities in a Regulation A offering can be accepted and no part of the purchase price can be received until an offering statement is qualified with the SEC. Any offer to buy securities may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given after the qualification date. Any indication of interest in Core’s offering involves no obligation or commitment of any kind.