What are the limitations of a Reg A capital raise?

Reg A capital raises have certain limitations, such as the maximum amount that can be raised (Tier 1: $20 million, Tier 2: $75 million), mandatory SEC filings and ongoing reporting requirements, restrictions on selling securities for a period after the offering, and the need to comply with state securities laws in each jurisdiction where the offering is conducted. For more information, visit https://equitytrack.co/regulation-a/.