V-Rooms™ is your PPM Distribution Solution
The Private Placement Memorandum (PPM) is a very important document, because it provides the investors with the prescribed data they will need to make investment decisions and includes the actual documentation to effect the investment transaction. PPMs are designed as a stand-alone document - meaning that there need not be other information presented to the investors for them to make accurate investment decisions.
However, many companies will include their business plans, audio/video clips, PowerPoint presentations, news articles and other due diligence information, along with the PPM as supporting documentation. This is an acceptable practice so long as the information in these documents properly corresponds with the information in the PPM, and that the investor is made aware that the supporting documents alone do not constitute an offer to sell securities - only the PPM can make that offer.
To rely on the safe harbor exemption of Regulation D of the Securities Act of 1933 and the requirements of the “Blue Sky Laws”, there can be no general solicitation or advertisement used in connection with the solicitation of an investment in a private offering. To comply with these restrictions our V-Rooms ™ Virtual Data Rooms provide a secure website and contain other safeguards that limit access only to “accredited” prospective investors. Our online distribution of PPMs effectively meets the security requirements and, as a third party service provider, offers a considerable time and cost saving alternative to the back office/administrative duties of printing, numbering, shipping and reporting.
For more details click here: www.v-rooms.com/sendppm