Your principal place of business, and the majority of your directors, must be based in Australia.
Your company can’t be currently listed on any exchange, either in Australia or overseas.
The funds raised on STAX can’t be used to invest in other entities, or to provide a loan.
A company’s fundraising goals need to be achievable. They also need to have enough runway to survive without STAX (and our crowd).
Every STAX campaign meets the Australian regulatory requirements for equity crowdfunding and IPO investment. You can read about them here.
We make sure the deal terms are favourable for investors, and that the valuation cap is set appropriately (given the company’s size etc.)
Without a sound business model, and a proven capacity for generating revenue, a company can’t get on STAX. Simple as that.
STAX undertakes a full ASIC register check on every company, including background checks on senior management.