To find companies raising $20 million or less, you should focus on Regulation A+ Tier 1 filings. These are often the "true" small-business offerings because Tier 1 is capped at $20M and allows companies to use unaudited financial statements.
Below are companies that have recently filed or qualified their Form 1-A offerings as of March 2026, along with how to verify them on EDGAR.
Recent "Mini-IPO" (Tier 1) Filings - March 2026
These companies recently submitted or updated their offering statements. You can search these names directly in the EDGAR search bar.
| Company Name | Filing Date | Offering Type | Purpose/Industry |
|---|---|---|---|
| Edgar Einsteins, Inc. | 03/25/2026 | Form 1-A | Educational Tech / AI |
| Greene Concepts, Inc. | 03/24/2026 | Form 1-A | Beverage/Bottled Water |
| Concorde Essential Properties Fund LLC | 03/16/2026 | Form 1-A | Real Estate Investment |
| Mkg Enterprises Corp. | 03/16/2026 | Form 1-A | Financial Services/Lending |
| Gsgg Inc. | 03/12/2026 | Form 1-A | Startup Services |
| Vestfundr, LLC | 03/24/2026 | Form 1-A | Crowdfunding Platform |
Where to Find Them on EDGAR
To see the actual "Offering Circular" (which includes their pitch, risks, and how they’ll use your money), follow these steps:
- Go to the SEC EDGAR Search:
- Filter by Form Type: Enter 1-A in the "Filing Type" field.
- Check for "Tier 1": Open any filing and look at the "Item 1. Issuer Information" section. It will explicitly state whether it is a Tier 1 ($20M cap) or Tier 2 ($75M cap) offering.
- Look for "QUALIF": If you see a filing type labeled QUALIF, it means the SEC has officially "qualified" the offering, and the company is legally allowed to start selling shares.
What to Look for in the Filings
When reviewing these $20M-and-under companies, pay close attention to these specific sections in the Form 1-A:
- The "Offering Circular": This is the meat of the document. It lists the price per share and the maximum number of shares being sold.
- Use of Proceeds: Look for a table showing exactly where the $20M (or less) is going. Small companies often spend a large chunk on "Offering Expenses" (legal fees), which is a red flag if it's too high.
- State Qualification: Since Tier 1 offerings aren't exempt from state "Blue Sky" laws, look at the cover page to see which specific states they are allowed to sell in.
Note on Audits: Unlike the bigger Tier 2 offerings, these Tier 1 companies do not have to provide audited financials. You are essentially trusting their self-reported numbers, which is why the SEC caps them at a lower dollar amount.