Package FAQs and Scope Notes

Question 1

Assumptions: one U.S. issuer; one offering; one class/series; U.S. accredited investors only; no general solicitation/public advertising; no non-accredited investors; no pooled fund or complex waterfall; no prior offering remediation; no success-based finder/unregistered intermediary issue; one initial closing; up to two consolidated revision rounds; up to five standard state notice filings with government fees separate; complete reasonably organized company/ownership/financial/business information. Exclusions: investor introductions, accounting, financial-statement preparation, tax, foreign-law, broker-dealer services, Investment Company/Investment Adviser analysis, CFTC matters, litigation, and prior-securities remediation.

Accepted Answer

Assumptions: one U.S. issuer; one offering; one class/series; U.S. accredited investors only; no general solicitation/public advertising; no non-accredited investors; no pooled fund or complex waterfall; no prior offering remediation; no success-based finder/unregistered intermediary issue; one initial closing; up to two consolidated revision rounds; up to five standard state notice filings with government fees separate; complete reasonably organized company/ownership/financial/business information. Exclusions: investor introductions, accounting, financial-statement preparation, tax, foreign-law, broker-dealer services, Investment Company/Investment Adviser analysis, CFTC matters, litigation, and prior-securities remediation.

Question 2

Legal review of substantially complete solicitation materials only, not creation/design/writing/management/ distribution. One initial legal review and one consolidated revision review of the listed materials. Materially revised campaigns, additional ads/pages/decks/video scripts/webinars/influencer arrangements/continuing review require supplemental scope. No guarantee any investor is accredited or any verification method suffices in every circumstance.

Accepted Answer

Legal review of substantially complete solicitation materials only, not creation/design/writing/management/ distribution. One initial legal review and one consolidated revision review of the listed materials. Materially revised campaigns, additional ads/pages/decks/video scripts/webinars/influencer arrangements/continuing review require supplemental scope. No guarantee any investor is accredited or any verification method suffices in every circumstance.

Question 3

Assumptions and limitations: one U.S. issuer, one class/series, one integrated offering, U.S. sales under 506(b)/(c), qualifying offshore Regulation S sales, and no more than two foreign jurisdictions for issue identification/coordination. No foreign issuer/feeder/blocker/parallel fund/offshore vehicle, no foreign opinion or filing by RAETZER, no material foreign tax structuring; foreign counsel/tax advisers/translators/local agents/filing costs separate. Funds, offshore vehicles, multiple classes, substantial foreign-law work, digital assets, non-accredited investors, Investment Company/Investment Adviser issues, CFTC matters, and other complex structures require custom scope and may exceed the starting price.

Accepted Answer

Assumptions and limitations: one U.S. issuer, one class/series, one integrated offering, U.S. sales under 506(b)/(c), qualifying offshore Regulation S sales, and no more than two foreign jurisdictions for issue identification/coordination. No foreign issuer/feeder/blocker/parallel fund/offshore vehicle, no foreign opinion or filing by RAETZER, no material foreign tax structuring; foreign counsel/tax advisers/translators/local agents/filing costs separate. Funds, offshore vehicles, multiple classes, substantial foreign-law work, digital assets, non-accredited investors, Investment Company/Investment Adviser issues, CFTC matters, and other complex structures require custom scope and may exceed the starting price.

Do You Need a Private Placement Memorandum?

What a PPM Typically Addresses

When a More Comprehensive PPM Is Often Appropriate

Start with the readiness assessment.

START WITH THE RIGHT ASSESSMENT