The HALOS Act of 2025 revises SEC rules to allow certain presentations at events involving multiple issuers.
The Helping Angels Lead Our Startups Act of 2025, or HALOS Act, mandates the Securities and Exchange Commission to revise Regulation D. This revision exempts certain presentations or communications made by or on behalf of an issuer at specific events from the prohibition on general solicitation or advertising. These events must involve multiple issuers, be sponsored by certain entities, and adhere to several conditions, such as no investment recommendations or advice from the sponsor. The act also defines "angel investor group" and clarifies the scope of general solicitation.
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