Section 69W-700.005 - Promoters Equity Investment RatioIn offerings where the issuer is a development-stage company, the ratio of equity investment by promoters or insiders to the aggregate public offering shall be no less than:
(1) Seven percent (7%) of the first $1,000,000 of the aggregate public offering; and,(2) $70,000 plus two and one-half percent (2.5%) of the next $4 million of the aggregate public offering; and,(3) Fi$170,000 for offerings greater than $5 million.Fla. Admin. Code Ann. R. 69W-700.005
Rulemaking Authority 517.03(1) FS. Law Implemented 517.081(3), (9) FS.
(Formerly 3E-20.03) New 9-20-82, Formerly 3E-700.05, Amended 10-26-97, Formerly 3E-700.005, Amended 5-15-07, Amended by Florida Register Volume 40, Number 175, September 9, 2014 effective 9/22/2014, Amended by Florida Register Volume 50, Number 182, September 17, 2024 effective 10/1/2024.(Formerly 3E-20.03) New 9-20-82, Formerly 3E-700.05, Amended 10-26-97, Formerly 3E-700.005, Amended 5-15-07, 9-22-14.