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July 15, 2025, 06:45:57 PM |
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Hello entrepreneurs!
Been debating from months whether to post this, so here it goes. I tested the waters awhile back and got nothing, so new more direct approach..
I'm looking to leverage my experience for the right group of people to take a Bitcoin project public via direct registration with the SEC.
In 2015, I did something everyone told me couldn't be done. I filed the very first registration statement with the Securities and Exchange Commission for a Company doing business in the cannabis industry. I was able to find a securities attorney who was preparing to retire, who had previously worked for the SEC and found the task a challenge he wanted to undertake with me. He took me under his wing and taught me everything I know about taking a Company public from scratch. Being that cannabis was illegal under Federal law, it would be an understatement to say how difficult the comments period was. But we did it and blazed a trail for all the Companies that came after.
I'd like to try a new challenge, take a Bitcoin project public the same way, via what is known as a Secondary Public Offering. It's a way to take a Company public without the need for a shell, SPAC or broker dealer. The entire shareholder base can be friends, family and angel investors, you can have complete control over your capital structure from the start.
With the huge interest in Bitcoin related projects in the capital markets. this seems like a no brainer.
What I'm looking for:
I'm looking for a Bitcoin project (or group) that is at least to a proof of concept stage. It needs to have a good story as well. A group that is well connected in the space even better.
What I'm offering:
I will project manage the go public effort, draft the documents, manage the records, work with the third parties such as attorney's, auditors, transfer agent, brokers etc, in order to 1) raise seed capital via PPM 2) file SPO with the SEC 3) clear comments and get a ticker for initial trading via OTCMarkets. I will also work with the founding group to raise seed capital. This is a ton of work, most firms would charge hundreds of thousands to do this work. I will do it for equity only.
How you benefit:
If you think your project has a great story, it's very likely the public markets will have demand for it. Going public will open doors to BTC treasury operations as well. There is more than enough money to go around, even for small startups. By going public via a Secondary Public Offering, you don't have to deal with anyone from Wall Street (I'm totally not a Wall Street person). You can have full control over insiders, initial shareholders, you and the founders control it all. Unlike SPAC's, or reverse mergers, there are no skeletons, or empty suits, institutional investors, or crazy high fees to deal with. This can literally be done with no one from Wall Street involved. I know, because I pretty much did everything myself.
It cost me under $75K in professional fees (auditor, attorney etc..) to take my Company public, so it's not super expensive either. It can take 6-12 months from start to finish though, from preparing initial PPM, raising seed money, filing and getting through comments.
If this sounds at all interesting to anyone, let me know.
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