ARTICLE
17 April 2020

All About The Integration - SEC Says Kik Illegally Offered Securities

PL
Polsinelli LLP

Contributor

Polsinelli is an Am Law 100 firm with more than 1,200 attorneys in over 25 offices nationwide. Recognized by legal research firm BTI Consulting as one of the top firms for excellent client service and client relationships, Polsinelli attorneys provide value through practical legal counsel infused with business insight and focus on health care, real estate, finance, technology, private equity and corporate transactions.

All fans of the Simple Agreement for Future Tokens (SAFT) should read the SEC's brief in support of motion for summary judgment in the Kik case.
United States Corporate/Commercial Law

All fans of the Simple Agreement for Future Tokens (SAFT) should read the SEC's brief in support of motion for summary judgment in the Kik case. The SEC argues that even if Kik conducted two separate offerings of Kin, Kik still does not qualify for the Rule 506(c) exemption from registration of the securities because it cannot demonstrate that its "two" offerings should not be integrated and considered a single offering.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

[View Source]

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More