The companies have agreed to pay civil penalties ranging from $5,000 to $90,000.
The Securities and Exchange Commission has announced charges against 10 microcap companies for offering and selling securities in unregistered offerings that failed to comply with Regulation A.
“Between... The Securities and Exchange Commission has announced charges against 10 microcap companies for offering and selling securities in unregistered offerings that failed to comply with Regulation A. “Between December 2019 and May 2022, each of the 10 microcap companies obtained qualification from the SEC for their securities offerings using Regulation A, but they subsequently made one or more significant changes to their offerings without meeting the requirements of the exemption,” the SEC said in a statement.
Verde Bio Holdings is a mineral- and royalty-acquisition company headquartered in Frisco, Texas. The company acquires royalties, minerals and overriding royalties across the major basins of the U.S., with current holdings in Colorado, Louisiana, Ohio, Oklahoma, Texas, West Virginia and Wyoming, according to its website. In its third-quarter corporate update in March, Verde Bio Holdings reported revenue of $170,312, down from $301,567 in the prior year’s quarter, and a net loss of $414,000.
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