Form Mloe 1 PDF Details

The world of securities offerings is complex, yet crucial for businesses seeking to raise capital while complying with legal regulations. In the State of Maryland, the MLOE-1 form plays a vital role in this process, especially for issuances that aim to remain within the scope of the Maryland Limited Offering Exemption (MLOE) under the Maryland Securities Act. This exemption allows issuers to navigate the intricate securities landscape by aligning their offerings with state-specific requirements, thus avoiding the broader net of federal registration, under certain conditions. Among these, the necessity to submit a NOTICE CLAIMING MARYLAND LIMITED OFFERING EXEMPTION to the Securities Division of the Office of the Attorney General stands out, requiring detailed information about the issuer, the securities offered, and the aggregate amount involved in the transaction. The form meticulously collects data on the issuer's background, including its business description, year and jurisdiction of formation, and the type of securities being offered. Furthermore, it dives into the nuances of the offering, like the price per unit and details on directors, officers, and substantial shareholders. Not only does it ensure compliance with regulatory frameworks by mandating the disclosure of any past legal or regulatory issues faced by the people involved, but it also asks for specifics on the exemption from federal registration claimed for the offering. The blend of stringent reporting requirements with a structured approach to exemption highlights Maryland's effort to maintain a transparent, yet accessible, capital market for smaller issuers.

QuestionAnswer
Form NameForm Mloe 1
Form Length7 pages
Fillable?No
Fillable fields0
Avg. time to fill out1 min 45 sec
Other namesmaryland s mloe online, md mloe app, md state mloe 1, maryland mloe general

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FORM MLOE-1

State of Maryland

Office of the Attorney General

Securities Division

NOTICE CLAIMING MARYLAND LIMITED OFFERING EXEMPTION (MLOE)

Under The Maryland Securities Act

Section 11-602(9) and Regulations 02.02.04.09-.13

If the aggregate dollar amount of the securities offered everywhere exceeds $150,000 in any transaction under the Maryland Limited Offering Exemption (MLOE), the issuer shall deliver this Notice to the Securities Commissioner by the end of business on the fifteenth day after the first sale of securities in Maryland. This Notice shall be considered filed with the Division for purposes of MLOE as of the date the Division receives the Notice, Form U-2 (Uniform Consent to Service of Process), and filing fee of $400 paid by check. Make checks payable to "Office of the Attorney General", and submit to “Maryland Division of Securities, 200 St. Paul Place, Baltimore, Maryland 21202-2020”. For copies of the statutes, regulations, and forms, contact the Maryland Division of Securities at 410-576-7050.

Please attach additional sheets if additional space is required. Indicate “Not Applicable” if an item does not apply.

1.

Name of Issuer

Address of Issuer

 

 

 

 

______________________________________________ (

)

 

City, State, Zip Code

 

 

Telephone Number

 

_________________________________

______________________________________

e-mail

website address

2.Other contact to whom communications regarding this Notice should be directed:

Name

Address

 

 

( )

City, State, Zip Code

Telephone Number

MLOE-1/Page 2

3.Please describe, in summary form, the issuer's business:

4.Issuer's type of business organization:

_____

Corporation

_____

Real estate investment trust

_____

Partnership

_____

Joint venture

_____

Limited liability company

 

 

_____ Other* (specify) ____________________________________________________

*If "Other," please attach a copy of the Securities Commissioner's order extending the availability of MLOE to the issuer, or a request for such an order.

5.Issuer’s year of formation: ___________________________________________________

6.Issuer’s jurisdiction of formation: _____________________________________________

7.The issuer’s exemption from federal registration for this offering:

_____

Section 4(2)

_____

Section 3(a)(11)

_____ Rule 504

_____

Rule 701

_____ Rule 147

 

 

_____

Other* (specify) ____________________________________________________

*If “Other”, please attach a copy of the Securities Commissioner's order extending the availability of MLOE to the issuer, or a request for such an order.

MLOE-1/Page 3

8.The other states in which the issuer proposes to offer or sell securities in connection with this offering:

9.The type of securities being offered are:

_____

Common stock

_____

Shares of beneficial interest

_____

Notes

_____

Warrants, options or rights to purchase

_____

Bonds

 

or subscribe for any of the above

_____ Debentures

_____

Preferred Stock

_____

Evidence of indebtedness

_____

Convertible Securities

_____

Voting trust certificates

_____

LLC memberships

_____

Limited Partnership interests

_____

General Partnership Interests

_____

Other securities convertible into any of the above

_____ Other* (specify) ____________________________________________________

________________________________________________________________________

*If "Other," please attach a copy of the Securities Commissioner's order extending the availability of MLOE to the issuer, or a request for such an order.

10.Within the six months before this offering began, did the issuer offer or sell any securities of the same or similar class as those being sold in Maryland under this offering?

YesNo

If "Yes," and the issuer is located in Maryland, or the securities were sold in Maryland:

(a)Describe the security(ies) _____________________________________________

(b)Provide the date previous offering began and date it terminated _______________

(c)What exemption did the issuer rely upon? ________________________________

If “Yes,” the issuer may refer to COMAR 02.02.04.10.B(4), describing integration, and consider addressing B(4) (a) through (e) on separate sheets.

MLOE-1/Page 4

11.(a) Date this offering began:

(b)Date of the first sale in Maryland (See Maryland Securities Act, Corporations and

Associations Article, §11-801, Annotated Code of Maryland):

12.(a) Aggregate price of all securities offered everywhere: $

(b)Aggregate price of all securities offered in Maryland: $

(c)Number of units offered:

(d)Price per unit offered: $

(e)Warrants __________________________________________________________

13.On separate sheets, please state the name, home address and position of each officer, director, managing member, general partner, or trustee of the issuer.

If the general partner or trustee is a corporation or other entity, provide the requested information for each officer, director, managing member, or general partner of that entity.

14.On separate sheets, state the name and HOME ADDRESS of each beneficial owner of 10 percent or more of the outstanding shares of any class of equity ownership of the issuer.

15.On separate sheets, state the name, CRD number, address and telephone number of each broker/dealer authorized by the issuer to sell securities of the issuer in this offering.

16.On separate sheets, state the name, CRD number, address and telephone number of each individual or finder authorized by the issuer to sell securities of the issuer in this offering.

Is (are) the person(s) affiliated with the issuer? Yes

 

No

If "yes", in what capacity:

Type and value of any remuneration to the person(s) for sale of securities (if "none", please so state):

Is this person a broker-dealer or a broker-dealer agent? Yes

 

No

MLOE-1/Page 5

17.Indicate whether :

(a)the issuer,

(b)any of its directors, officers, general partners, managing members, trustees, or any other person performing similar functions,

(c)beneficial owners of ten percent or more of any class of its equity securities,

(d)any of the issuer's promoters currently connected with it in any capacity, or

(e)any person (other than a broker-dealer currently registered under the Maryland Securities Act, §11-405, Annotated Code of Maryland) that has been or will be paid or given, directly or indirectly, a commission or similar remuneration for the solicitation of a prospective purchaser or in connection with sales of securities under MLOE:

(i)Within five years before the first sale of securities in this offering, has filed a registration statement or an application for exemption from registration that is currently subject to a stop order under a state's securities laws.

Yes

 

No

 

If "Yes", please provide complete details using

additional sheets.

 

 

(ii)Within five years before the first sale of securities in this offering, has been convicted of or has pleaded nolo contendere to a felony or misdemeanor in connection with the offer, purchase, or sale of a security or in connection with the making of a false filing with the Securities and Exchange Commission or with a state securities administrator, or a felony involving fraud or deceit, including, but not limited to, forgery, embezzlement, obtaining money under false pretenses, larceny, conspiracy to defraud, or theft.

Yes

 

No

 

If "Yes", please provide complete details using

additional sheets.

 

 

(iii)Is subject to an order, judgment, or decree of a court of competent jurisdiction temporarily or preliminarily restraining or enjoining, or is subject to an order, judgment, or decree of a court of competent jurisdiction entered within five years before the first sale of securities in this offering and permanently restraining or enjoining, that person from engaging in or continuing any conduct or practice in connection with the offer, purchase, or sale of a security or in connection with the making of a false filing with the Securities and Exchange Commission or a state securities administrator.

Yes

 

No

 

If "Yes", please provide complete details using

additional sheets.

 

 

MLOE-1/Page 6

(iv)Is subject to a United States Postal Service false representation or cease and desist order entered under 39 U.S.C. §3005 within five years before the first sale of securities in this offering or is subject to a temporary restraining order or preliminary injunction entered under 39 U.S.C. §3007 or 18 U.S.C. §1345 with respect to conduct alleged to have violated 39 U.S.C. §3005.

Yes

 

No

 

If "Yes", please provide complete details using

additional sheets.

 

 

(v)Is subject to a state administrative order entered by a state securities administrator in which fraud or deceit was found, if the final order was entered within five years before the first sale of securities in this offering.

Yes

 

No

 

If "Yes", please provide complete details using

additional sheets.

 

 

18.Is the issuer, any of its predecessors, or any of its affiliates subject to an order issued by the Securities Commissioner or subject to an order, judgment, or decree of a court of competent jurisdiction temporarily, preliminarily, or permanently restraining or enjoining the person for failure to file a Form MD-1 or Form MLOE-1.

Yes

 

No

 

If "Yes", please provide complete details using

additional sheets.

 

 

 

19.If any of the questions in paragraphs 17 or 18 were answered "Yes", please provide a copy of the order, judgment, decree, injunction or other action.

I do solemnly declare and affirm under penalties of perjury that to the best of my

knowledge, information and belief, the contents of the foregoing document are true and correct.

Signature:

Printed Name:

Title:

Date of Notice:

MLOE-1/Page 7

"It is unlawful for any person to make ... in any document filed with the Commissioner ...

any statement which is, at the time and in the light of the circumstances under which it is made, false or misleading in any material respect."

Section 11-303, Corporations & Associations Article, Annotated Code of Maryland

November 5, 2004

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