Capital Conversations — Episode 8

Reg A+ Legal Strategy, Compliance & Capital Raising with Securities Attorney Michael Littman

Hosts: Karen Rands & Erik Nelson

In this episode of Capital Conversations, Karen Rands and Erik Nelson are joined by veteran securities attorney Michael Littman for a practical discussion about the legal realities behind Regulation A+ offerings and public company capital raises. With nearly five decades of securities law experience and more than 100 companies guided into the public markets, Michael brings a perspective few professionals can match.

The conversation explores what companies need to do before they ever file a Reg A+, why financial preparation is often the biggest obstacle to success, and how small mistakes in marketing, disclosures, or investor communications can create serious regulatory problems. They also discuss how public companies can use Reg A+ to raise additional capital, why general solicitation is such a powerful tool, and how companies can leverage crowdfunding without relying solely on venture capital or traditional investment banks.

One of the biggest themes throughout the episode is preparation. Strong financial records, experienced advisors, proper disclosures, and realistic expectations matter far more than most founders realize. Companies that approach capital raising strategically often create multiple future options. Companies that don’t frequently discover their problems only after regulators, auditors, or investors begin asking questions.

Most founders focus on how to raise money. Far fewer focus on how to become investable. This episode explains why that distinction matters—and how companies can avoid many of the mistakes that derail capital raises before they ever get started.

SHOWNOTES:

Episode Summary

In this episode of Capital Conversations, Karen Rands and Erik Nelson welcome securities attorney Michael Littman to discuss Regulation A+ offerings, public company fundraising, and the legal preparation required to successfully raise capital.

The discussion covers audited financials, SEC review processes, corporate governance, disclosure requirements, general solicitation rules, crowdfunding strategies, advertising limitations, and common mistakes companies make when pursuing capital raises. Michael also shares insights from nearly 50 years in securities law and explains why strong accounting controls are often the single most important factor in long-term success.

In This Episode, You’ll Learn

• Why Regulation A+ remains one of the strongest fundraising tools for smaller companies
• What companies need to prepare before filing a Reg A+
• Why audited financial statements matter
• How public companies can use Reg A+ offerings
• What “general solicitation” actually means
• How crowdfunding and OTC markets can work together
• The risks of improper advertising and promotional statements
• Why SEC disclosure requirements matter
• Common mistakes founders make during fundraising
• How accounting and governance issues derail public companies
• Why many companies struggle to maintain compliance after going public
• What Michael Littman sees as the future of Reg A+ offerings

Timestamps

Hosts

Karen Rands

Website: https://karenrands.co/
LinkedIn: https://www.linkedin.com/in/karenrands/
Facebook: https://www.facebook.com/TheKarenRands/
Instagram: https://www.instagram.com/compassionatecapitalist/
TikTok: https://www.tiktok.com/@compassionatecapi?_t=8q14kyaqCHO&_r=1

Erik Nelson

LinkedIn: https://www.linkedin.com/in/eriksnelson/
Coral Capital: https://coralcapital.com/
Sterling Investments: https://sterlinginvestments.com/
Mountain Share Transfer: https://mountainsharetransfer.com/

Newsletter

Capital Conversations Newsletter (LinkedIn):
https://www.linkedin.com/newsletters/capital-conversations-7297707966219120640/

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