What is an Accredited Investor?
Since THINK is relying on Regulation D § 230.506(c) under the Securities Act of 1933, our investors must be “accredited investors” as defined by U.S. federal securities law.
The term “accredited investor” is defined as one of the following:
natural person who has individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million at the time of the purchase, excluding the value of the primary residence of such person.
natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year.
business in which all the equity owners are accredited investors.
trust with assets in excess of $5 million, not formed to acquire the securities offered, whose purchases a sophisticated person makes.
charitable organization, corporation, or partnership with assets exceeding $5 million.
bank, insurance company, registered investment company, business development company, or small business investment company.
employee benefit plan, within the meaning of the Employee Retirement Income Security Act, if a bank, insurance company, or registered investment adviser makes the investment decisions, or if the plan has total assets in excess of $5 million.
Definitions are taken from .