Form C
An SEC filing required for all Regulation Crowdfunding offerings. Contains offering details, financial statements, and risk factors for Investor review.
Understanding Form C
Form C is a mandatory disclosure document filed with the Securities and Exchange Commission (SEC) for every securities offering conducted under Regulation Crowdfunding (Reg CF). Every Channel Revenue Token (CRT) offering on GigaStar Market requires a Form C filing before it can be made available to Investors.
The Form C contains critical information that Investors should review before making an investment decision. Key sections include a description of the issuing entity, the terms of the offering (including the revenue percentage and revenue-share term), financial statements, a detailed discussion of risk factors, and the intended use of funds raised.
For CRT offerings specifically, the Form C discloses the Creator's historical YouTube revenue data, the percentage of future revenue that will be shared with CRT holders through Monthly distributions, the duration of the revenue-share agreement, and the total amount of capital being raised. It also outlines the specific risks associated with the investment, including Creator risk, platform risk, and the speculative nature of the offering.
Investors are strongly encouraged to read the entire Form C before investing. The document is publicly available through the SEC's EDGAR database and is also accessible directly on the GigaStar Market platform alongside each offering.
Form C filings may be amended through Form C/A filings if material changes occur during the offering period. Additionally, issuers must file annual reports (Form C-AR) to provide ongoing disclosure to Investors after the offering closes.
Key Points to Remember
- Form C is regulated by the SEC under Regulation Crowdfunding
- All investments carry risk — past performance doesn't guarantee future results
- Review all offering documents carefully before investing
Related Terms
Disclosure
Required information provided to Investors, including financial statements, risk factors, and offering terms in the Form C filing and related documents.
Historical Revenue
A Creator's past YouTube revenue data disclosed in offering documents. Past performance does not indicate future results.
Offering
A CRT offering is when a YouTube Creator raises capital through GigaStar Market by selling Channel Revenue Tokens to Investors, with each offering backed by a Form C filed with the SEC.
Offering Documents
The legal filings associated with a CRT offering, including Form C, offering memorandum, and subscription agreement provided to Investors.
Revenue Percentage
The specific percentage of a Creator's YouTube revenue shared with CRT holders through Monthly distributions. Varies by offering and is disclosed in the Form C.
Risk Factors
Risk factors are the specific risks associated with investing in CRTs, including Creator performance risk, platform risk, illiquidity, and the potential for total loss of investment.
SEC
The U.S. Securities and Exchange Commission. The federal agency regulating securities markets, including GigaStar's CRT offerings under Regulation Crowdfunding.
SEC Regulation CF
SEC Regulation Crowdfunding (Regulation CF) is the federal securities framework that allows companies like GigaStar to offer CRTs to both accredited and non-accredited Investors, up to $5M annually.
Frequently Asked Questions
What is a funding portal?
A funding portal is an SEC-registered, FINRA-member intermediary that facilitates securities offerings under Regulation Crowdfunding. GigaStar Market is a registered funding portal that hosts CRT offerings, ensuring regulatory compliance, required disclosures, and Investor protections as mandated by the SEC.
How is my distribution amount calculated?
Your distribution is based on the revenue-share percentage specified in the offering's Form C, multiplied by the Creator's actual YouTube revenue for that Monthly period, then divided proportionally among all CRT holders for that offering. The exact revenue-share percentage varies by offering and is disclosed in the offering documents before you invest.
How does the SEC protect Investors in crowdfunding?
The SEC requires detailed disclosures through Form C filings, mandates annual investment limits for non-accredited Investors, provides a cancellation period before offering close, requires ongoing reporting from issuers, and oversees funding portals like GigaStar Market. These regulations are designed to provide transparency, though they do not eliminate investment risk.