South Dakota Uniform Notice of Regulation A Tier 2 Offering is a type of securities offering that utilizes the U.S. Securities and Exchange Commission's Regulation A exemption. Regulation A Tier 2 allows companies to raise up to $50 million from investors in a 12-month period without registering the securities with the SEC. South Dakota Uniform Notice of Regulation A Tier 2 Offering enables companies to take advantage of the Regulation A exemption to offer their securities to the public without having to register the securities with the SEC. The South Dakota Uniform Notice of Regulation A Tier 2 Offering includes the following components: 1. A notice of intention to offer the securities; 2. An offering statement that includes a description of the issuer, the offering, and the risks associated with the offering; 3. A disclosure document that includes all material information about the issuer and the offering; 4. An investor questionnaire that includes questions about the investor’s financial sophistication; 5. An offering circular that provides the offering price and other terms of the offering; 6. A subscription agreement that sets forth the rights and obligations of the issuer and the investor; 7. A transfer agent agreement that sets forth the duties of the transfer agent; and 8. A post-closing report that includes information about the offering and the sales of the securities. South Dakota Uniform Notice of Regulation A Tier 2 Offering can be used for both primary and secondary offerings of securities, and the issuer may choose to offer the securities to both accredited and non-accredited investors.