ARTICLE
17 April 2020

All About The Integration - SEC Says Kik Illegally Offered Securities

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
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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.

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