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Cal-X Crowdfund Connect Selects EarlyIQ for Diligence and Transparency Services to Protect Investors

SANTA MONICA, Calif., July 15, 2013 /PRNewswire/ – The The California Stock Xchange (Cal-X) and Cal-X Crowdfund Connect have selected EarlyIQ, Inc. of San Diego to provide enterprise management reports for use in vetting, diligence, and fraud detection services that will further help protect investors on future Cal-X platforms. In partnership with MethvenLaw, Cal-X Crowdfund Connect helps guide companies through the California Qualification by Permit process, which is essentially fully legal equity crowdfunding, and assists them in raising up to $5 million. The program is limited to California-based corporations and investors only, and participants must meet certain accreditation requirements. In addition, Cal-X Crowdfund Connect collaborates with Cutting Edge Capital to help firms arrange Direct Public Offerings in 28 states. Working with select registered broker dealers and partners, Cal-X Crowdfund Connect also provides fee-based support services to companies or bundles of companies (accelerator graduation classes) for national 506D or A offerings of up to $50 million and 2,000 shareholders. These offerings may be duly listed on password-protected portals – such as Crowdfunder.com, EquityNet, AngelList, MicroVentures,Healthfundr and HealthiosXchange – to pre-qualified and verified, fully accredited investors with $1 million(or greater) in assets and venture funds. The California Stock Xchange is preparing to file an application with the U.S. Securities and Exchange Commission (SEC) to become a full-fledged stock exchange featuring primarily B-Lab-certified companies that follow a conscious-capitalism model. Among […]

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