Kevin J. Walsh quoted in article "Arizona Entrepreneurs May Get Boost from Crowdfunding Law"
Media Mention
The Arizona Republic
Below is an excerpt:
Under the new law, Arizona companies seeking financing will be able to raise up to $1 million over a 12-month period, assuming they haven't undergone a financial audit in their prior fiscal year. If they have been audited, they can sell up to $2.5 million of securities.
The new rule is designed to ease the many disclosure, regulatory and cost hurdles associated with selling shares in the stock market.
"It's a great tool for startups and growing tech companies with a story to tell," said Kevin Walsh, a securities-law attorney at Quarles & Brady in Phoenix.
The new rule is designed to ease the many disclosure, regulatory and cost hurdles associated with selling shares in the stock market.
"It's a great tool for startups and growing tech companies with a story to tell," said Kevin Walsh, a securities-law attorney at Quarles & Brady in Phoenix.