Exempt Offering
A securities transaction in which an SPV is not required to register with regulatory bodies, such as the Securities and Exchange Commission (SEC). Exempt offerings typically involve private placements or Regulation D offerings, where securities are sold privately to accredited investors rather than being offered to the general public. SPVs are mainly structured as exempt […]
Expense Reserve
An Expense Reserve is a separate account, typically established by the SPV Organizer in the Organizer’s name, used to collect funds from investors specifically for covering the SPV’s expenses. Investors are required to deposit their investment funds into the SPV’s main bank account and then contribute additional funds into the expense reserve account. This approach […]