Reg A+ Offering Circular review
Reg A+ Tier 1 / Tier 2 offering circular (Form 1-A) prose. Only the prose is checked.
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- + 103 general checks
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What it checks
Tier 1 vs Tier 2 election + offering-size cap
Offering circular must identify Tier 1 ($20M cap) or Tier 2 ($75M cap) election.
Critical · REG-033
Form 1-A item structure followed
Circular must follow Form 1-A item structure (Parts I / II / III).
Critical · REG-034
Risk factors specific to offering
Reg A+ circular must include offering-specific risk factors.
Critical · REG-035
Use of proceeds + plan of distribution
Circular must describe use of proceeds + plan of distribution.
Critical · REG-036
Investment limitation for non-accredited investors (Tier 2)
Tier 2 circular must address the 10% income / net-worth investment limitation for non-accredited investors.
Warning · REG-037
Audited financials (Tier 2) — narrative reference
Tier 2 circular must reference audited financials (2 years of audited statements required).
Warning · REG-038
Ongoing reporting (Tier 2) — Form 1-K / 1-SA / 1-U
Tier 2 circular must address ongoing reporting (Form 1-K annual, Form 1-SA semi-annual, Form 1-U current).
Warning · REG-039
Prose only — financial statements and filing schemas are not checked
States on every regulatory-filing analysis that Vaulytica checks only the drafter's prose — not financial statements, numbers, or filing schemas.
Note · REG-040
Every run also applies 103 general checks that belong to any agreement: structure, parties and signatures, defined terms, cross-references, dates, amounts, and one-sided terms.
How it works
- Open vaulytica.com — no account, nothing to install.
- Drop your PDF or DOCX. The document type is detected and only the checks that belong to it run, inside your browser tab.
- Get a Word report in which every finding quotes the clause and cites the rule and source behind it — one of 1,825 checks across 268 document types.