Crowdfunding continues to disrupt the financial landscape, offering new ways for companies to raise capital. Within this realm, Regulation A+ offerings have emerged as a popular method, allowing businesses to attract funds from a wider pool of investors. However, the hype surrounding Regulation A+ has sparked debate about its success.

Is it truly a game-changer for startups and growing companies or merely a fleeting trend? This article delves into the details of Regulation A+ offerings, exploring both the benefits and obstacles. We'll examine real-world examples, insights from industry experts, and regulatory directions to provide a balanced overview of this intriguing financing strategy.

• Moreover, we'll discuss the adapting regulatory environment and its impact on Regulation A+ offerings.
• Finally, investors seeking to participate in this crowdfunding trend should weigh the potential risks and rewards carefully.

Embracing Regulation A+ for Startups

Regulation A+, a relatively novel fundraising mechanism, presents a special opportunity for startups seeking to raise capital. This tier of SEC regulation permits companies to widely offer their securities to the broad public, thereby increasing their potential investor base.

Startups evaluating Regulation A+ should thoroughly evaluate its suitability to their individual circumstances.

• Fundamental factors to reflect upon include the nuances of the regulatory process, adherence requirements, and the anticipated costs associated with this fundraising route.
• Furthermore, startups should craft a detailed investor relations strategy to effectively disclose information about their business and the terms of the offering.

Pursuing expert advice from regulatory professionals is essential to navigate the complexities of Regulation A+ and ensure a successful fundraising campaign.

Uncover Title IV Reg A+ - Crowdfunder Blog

Dive thoroughly into the world of Title IV Regulation A+, a funding mechanism that empowers businesses to raise capital from the public through crowdfunding. Our latest infographic breaks down the intricacies of Reg A+, showcasing its key features and potential benefits for both companies and investors.

• Discover how Title IV Reg A+ differs from traditional funding methods.
• Acquire insights into the licensing process for public offerings.
• Delve the diverse range of industries utilizing Reg A+ financing.

Visit our blog to access the infographic and remain informed about the latest trends in Title IV Regulation A+.

Securities Registration - Securex Filings LLC

Securex Filings LLC assists/supports/guides companies/businesses/enterprises in navigating the complexities of the/a/its Regulation A+ process/framework/system. This tier/stage/level of securities registration/filing/offering allows publicly traded/non-traded/privately held companies to raise capital/funds/equity from a wider pool/range/spectrum of investors/individuals/participants while providing greater/increased/enhanced transparency/disclosure/accessibility. Securex Filings LLC's team/experts/specialists possess/have/demonstrate in-depth knowledge/understanding/expertise of the Regulation A+ regulations/requirements/guidelines, ensuring a streamlined/efficient/comprehensive filing/submission/process.

Crowdfunding for the Masses

The world of finance is undergoing a revolution, fueled by the power of collective action. Previously limited, access to funding is now within reach of ordinary people thanks to emerging crowdfunding platforms. These platforms facilitate individuals and businesses to secure capital directly from the community.

Forget about when financial support was solely allocated by established institutions. Crowdfunding has empowered the funding landscape, allowing anyone with a worthy idea to find the resources they need to succeed.

From creative ventures to social initiatives, crowdfunding has become a powerful tool for creating impact. Supporters can now directly contribute to initiatives that matter and play an active role in shaping the future.

StreetShare

StreetShares is the innovative online platform that connects small businesses with individual investors. It provides businesses with access to loans, empowering them to expand. By democratizing the lending landscape, StreetShares supports small businesses to become leaders in their communities.

• StreetShare offers a variety of loan products tailored to the goals of small businesses.
• StreetShares' system is known for its simplicity, making it available for companies of all sizes
• Street Share has supported thousands of small businesses to succeed since its inception.

Leveraging Regulation A+ for Thriving Fundraising

Regulation A+ has emerged as a viable tool for companies seeking to raise resources in the public markets. This groundbreaking regulatory framework facilitates businesses to secure investment from a diverse range of backers. By leveraging the adaptability of Regulation A+, companies can maximize their fundraising strategies, ultimately fueling their growth.

To effectively utilize Regulation A+ for fundraising, businesses should meticulously plan a comprehensive offering prospectus. This document should concisely articulate the company's mission, sector opportunity, and economic estimates.

Additionally, companies should build a strong alliance with seasoned regulatory advisors who are well-versed in the intricacies of Regulation A+.

The SEC's EquityNet

SEC EquityNet is a/serves as/functions as an online platform that empowers/facilitates/enables access to private market investments. It offers/provides/presents a comprehensive database/repository/catalog of investment opportunities from various/numerous/diverse companies. Registered investors can browse/explore/review these offerings, conduct due diligence, and potentially/may/could participate in rounds/deals/transactions. EquityNet plays a/serves as/acts as a vital/crucial/essential resource for both individual investors and businesses/companies/entrepreneurs seeking capital.

Reg A+ Offerings

Regulation A+, often known as Reg A Plus, is a regulation within the U.S. securities legislation that allows private companies to raise capital from public contributions. A company conducting a A+ Offering can raise up to $50 million in investment capital. These offerings are governed by the Securities and Exchange Commission (SEC) {and offer companies with a streamlined path for public fundraising compared to traditional initial public offerings (IPOs).{

• Key features of Regulation A+ include:
• Offering amounts are relatively low compared to IPOs.{
• Streamlined filing process.{
• Target audience are primarily accredited investors .In conclusion, navigating Regulation A+ crowdfunding requires a thorough understanding of the guidelines. Engaging experts in securities law and investment advisors is strongly advised to navigate successfully this complex regulatory environment.

  Furnishing Requirements Under Regulatory Oversight

  Successful launching a financial product involves meeting stringent regulatory requirements. These requirements often encompass various aspects, including compliance with laws, permission protocols, and reporting standards. Regulators typically set these requirements to ensure investors and maintain a stable financial environment. Understanding these regulatory obligations is essential for entities to conduct responsibly in the financial industry.

  Legislation + Investopedia

  Investopedia serves as a comprehensive resource for understanding financial concepts, and regulation plays a pivotal role in this landscape. Whether you're exploring the intricacies of securities markets , delving into the nuances of legal requirements, or simply seeking to grasp the impact of government policies on the financial world, Investopedia offers a wealth of content . Its articles, tutorials, and glossary provide clarity on the evolving regulatory environment, empowering individuals to make savvy decisions in the realm of finance.

  My Mini-IPO First JOBS Act Company Goes Public Via Reg A+ on OTCQX

  After months of intensive/dedicated/arduous work and preparation, we are thrilled to announce that our/my/the mini-IPO, powered by the JOBS Act and conducted through a Reg A+ offering, has successfully taken place. Our company/My company/The company, now publicly traded on the OTCQX market, is poised for exponential/rapid/sustained growth as we embark on this exciting new chapter.

  This milestone marks a significant/pivotal/monumental achievement for our team and validates/demonstrates/confirms the strong belief in our vision and products/services/platform. We are incredibly grateful for the support of our investors, advisors, and employees who have been instrumental in making this dream a reality.

  Looking ahead/Moving forward/As we progress, we are focused on expanding/scaling/growing our operations, leveraging/utilizing/harnessing the OTCQX platform to its fullest potential, and delivering exceptional value to our stakeholders/our investors/the market.

  • We encourage you to follow our journey/Stay tuned for updates/Keep an eye on our progress as we navigate this new terrain.
  • Together, we will achieve great things/This is just the beginning of our success story/The future is bright for our company/my company/the company.

  Empower Reg A+ Funding Rounds on the Platform

  FundersClub is thrilled to announce it's now enabling Reg A+ raises on its platform. This exciting development opens a new avenue for startups to access capital from the wider investor base. Reg A+ regulations offer a streamlined and cost-effective route for companies to raise capital from a range of investors, including both accredited and non-accredited investors. This expansion bolsters FundersClub's dedication to leveling the playing field access to capital for growth-stage companies.

  Understanding Reg A+
  

  Regulation A+, often referred to as Reg A+, presents a pathway for enterprises to secure capital through the public market. Compared to traditional initial public offerings (IPOs), Reg A+ is designed to be more simplified for smaller businesses. Through this regulation, companies can issue their securities directly to the public.

  Websites enabling crowdfunding have emerged as a primary tool for Reg A+ offerings. These platforms link companies with potential financiers, often utilizing an online network.

  • Numerous popular crowdfunding platforms that support Reg A+ offerings encompass

  Rule 257 Offering
  

  A Regulation A+/ is a type of securities offering/registration/transaction that allows companies to raise capital from the public/general investing population/marketplace without having to undergo the complexities/rigors/challenges of a traditional IPO/Initial Public Offering/stock market launch. Companies choose this avenue/path/route because it offers a more streamlined/efficient/affordable process and can be particularly beneficial for startups/small businesses/emerging companies looking to secure funding for growth or expansion.

  • Key benefits of Regulation A+ offerings include:
  • Increased access to capital for companies:
  • Reduced regulatory burdens compared to traditional IPOs:
  • Opportunity to build a wider shareholder base through public exposure/marketing/awareness:

  Reg A+ Offering Rules for Fundraising

  When it comes to private offerings and fundraising, understanding the nuances of Regulation A+ is paramount. The SEC have established comprehensive rules and requirements designed to ensure transparency for both companies seeking capital and backers. A+ Regulation offers a path for companies to raise significant amounts of capital from the wider market, subject to specific procedures . Navigating these regulations can be intricate, making it crucial for companies planning an offering to seek expert advice.

  • Crucial factors of Regulation A+ comprise information sharing obligations aimed at providing participants with a comprehensive understanding of the offering.
  • Vetting play a critical role in ensuring the integrity of offerings under Regulation A+.
  • Continuous disclosure is mandatory to maintain investor confidence .

  SlideShare

  SlideShare acts as a platform for sharing business presentations. Users can upload Presentations on a variety of subjects, covering {marketing to technology{ to personal development. SlideShare has gained popularity among professionals, educators, and learners to exchange information.

  • Explore a wide variety of subject matter across diverse fields.
  • Constructing your own SlideShare requires minimal effort.
  • {The platform allows for|Users can embed videos to enhance your presentations.

  Rule A Securities Act of 1933 Jobs Act Section 106 Reg A Tier 2 Campaign

  The Financial Markets Adjustment Act of 2010, also commonly known as the Jobs Act, introduced significant changes to the Securities Act of 1933. One key addition was Provisions A Tier 2, a streamlined pathway for companies to raise capital through equity sales . Reg A Tier 2 allows businesses to offer securities to the public without the detailed registration requirements of a traditional IPO. This alternative can be particularly beneficial for small and medium-sized enterprises (SMEs) seeking funding .

  • Usually, , Reg A Tier 2 offerings are limited to procuring a maximum of twenty million dollars per year.
  • Businesses utilizing Reg A Tier 2 must still comply with certain disclosure requirements, but the burden is substantially less than a traditional IPO.

  Regulated by the Securities and Exchange Commission (SEC), Reg A Tier 2 provides a valuable tool for companies to access public capital markets in a more streamlined manner. Nevertheless, it is essential for companies considering this avenue to carefully examine with legal and financial advisors to ensure full adherence with all applicable regulations.

  Managing Text
  

  When dealing with text, regulation is essential. This helps ensure accuracy and prevent problems. {Regulations can address various aspects of text, such as grammar. They might outline content guidelines. By implementing these regulations, we can achieve clarity and readability of written communication.

  Regulate A+ Offering Regulation A Plus

  When considering a Venture with a Regulation A+ offering, it's crucial to thoroughly Review the Conditions. These offerings provide Investors the chance to invest in Growing companies while benefiting from Defined Standards. Regulation A+ presents a Simplified pathway for companies seeking Capital, allowing them to Obtain capital from a broader range of Sources.

  • Comprehend the Framework of Regulation A+ offerings.
  • Consider the risks and Benefits involved.
  • Discuss with a qualified Investment professional.

  Regulation A vs. Order D FRB

  When navigating the world of securities offerings and bank regulations, understanding the distinctions between Regulation A and Regulation D issued by the Federal Reserve Board (FRB) is crucial. Regulation A, often known as, a "mini-IPO," provides an exemption from certain registration requirements for offerings of up to a defined sum. In contrast, Regulation D governs private placements and offers exemptions to securities sales to sophisticated purchasers.

  Choosing between these two regulations hinges on several factors, including the amount of the offering, the recipient pool, and the issuer's financial status. Carefully evaluating these elements is essential to select the most appropriate regulatory pathway for a successful securities transaction.

  Managing a DPO Internally

  The task of managing a Data Protection Officer (DPO) can be complex, involving a variety of methods.

  This typically entails establishing clear standards for their role, securing they have the appropriate resources and power to successfully perform their functions.

  Additionally, regular progress reviews are often integrated to observe their adherence with data protection laws and the organization's own guidelines.

  SEC Approves New “Reg A+” Rules for Crowdfunding

  In a landmark/major/significant move to empower/stimulate/foster the crowdfunding industry, the Securities and Exchange Commission (SEC) has approved/finalized/ratified new rules for Regulation A+. This revamped/updated/enhanced regulation, known as “Reg A+”, is designed to streamline/simplify/expedite the process for companies/businesses/enterprises to raise capital/funds/investment from the public.

  Under the new rules, small/start-up/emerging businesses will have a greater/wider/more extensive opportunity to access/attract/secure funding through crowdfunding platforms/websites/sites. The SEC believes that these changes will boost/increase/accelerate economic growth and provide/offer/deliver more investment opportunities/choices/possibilities for individual investors.

  The new rules include/New regulations encompass/Key provisions of the revised regulation/These amendments establish several key/important/essential changes, including/such as/among which:

  * Increased/Higher/Elevated funding limits/thresholds/caps.

  * Streamlined/Simplified/Expedited filing and reporting requirements.

  * Enhanced/Improved/Strengthened investor protections.

  The SEC’s decision to update/reform/restructure Reg A+ is expected to have a profound/substantial/significant impact on the crowdfunding landscape, making it more accessible/opening doors wider/creating new avenues for both businesses and investors.

  Regulation D vs. Differences Between Reg A and Reg D

  When navigating the world of capital raising, you'll come across two key frameworks: Regulation A+ and Regulation D. While both enable companies to secure funding from the public, they vary significantly in their application. Regulation A+, often dubbed a "mini-IPO," permits companies to raise larger sums by selling securities to the general public through a efficient process. In comparison , Regulation D is geared towards private placements and restricts buyers to a more limited pool .

  • Furthermore , Reg A+ demands greater transparency with the public, while Reg D offers more flexibility in this regard.
  • As a result , choosing between these two regulations depends factors like the company's funding needs , target demographics, and regulatory compliance

  Regulation D

  Regulation D encompasses a set of rules regulating the private placement of securities. Within Regulation D, Rule 506 outlines specific requirements for exempt offerings. There areIt is divided intoSeveral variations exist within distinct classifications under Rule 506: Rule 506(b) and Rule 506(c).

  • Rule 506(b) permits issuers to sell securities privately to an unlimited number of accredited investors and a limited number of non-accredited investors.
  • Rule 506(c) allows for offerings solely to accredited investors, with no restrictions on the number of participants.

  Furthermore, there is Rule 506D, which provides a framework for equity crowdfunding transactions. These rules are intended to facilitate capital formation for issuers.

  The Regulation D Cheat Sheet

  When navigating the complexities of Regulation D, understanding the distinctions between Rule 506(b) and Rule 506(c) is essential. These rules govern private placements under Section 4(2) of the Securities Act of 1933. Rule 506(b) permits offerings to an unlimited number of accredited investors and up to thirty-five non-accredited investors, while Rule 506(c) allows for unlimited|general solicitation and advertising but mandates that all investors be certified. A key distinction is the demand for due diligence by companies offering securities under these rules.

  The Series 7 exam oftenevaluates these concepts, so familiarity with both Rule 506(b) and Rule 506(c) is necessary. Understanding the nuances of each rule can help you assess the appropriate structure for a private placement and navigate the regulatory landscape effectively.

  • Keep in mind: Rule 506(b) offers more flexibility with non-accredited investors, while Rule 506(c) relies on investor accreditation.
  • Analyze the specific needs of your offering and the level of careful examination required under each rule.

  Delve into DreamFunded Resources on Regulation A+

  Navigating the complexities of Regulation A+ can be a daunting process for investors and businesses alike. Fortunately, DreamFunded offers a wealth of valuable resources to help you comprehend this innovative investment mechanism. Their website is a rich source of information on everything from compliance requirements to capital raising strategies. Whether you're an experienced investor or just starting your journey into Regulation A+, DreamFunded's resources can help you make strategic decisions.

  • Leverage their in-depth tutorials to gain expertise the intricacies of Regulation A+
  • Network with a group of investors and companies
  • Access exclusive data from industry experts

  OTC Markets

  The OTC market provides a platform for the trading of securities that are not listed on major stock platforms. These markets function outside the regulated structure of traditional exchanges, often presenting investors with access to emerging companies and niche investment opportunities. Transactions on OTC Markets can be more volatile than those on traditional exchanges, as rules are generally less stringent.

  • Participants in the OTC market should carefully analyze companies and understand the inherent volatility.

  An Intersection Point

  A tripoint is a geographic juncture where three lines converge. This can refer to the meeting of three countries, or it could be the convergence of three natural features.

  The precise definition of a tripoint can differ based on the context. For example, in cartography, a tripoint might be marked by a physical monument, while in geology, it could simply be the point where three ecosystems meet.

  Regardless of its nature, a tripoint represents the interplay of different influences. It serves as a special marker on the map, highlighting the complex connections that shape our world.

  FINRA

  FINRA is a/plays the role of/serves as the largest/leading/primary independent regulator/self-regulatory organization/oversight body for the U.S. securities industry. It oversees/regulates/administers a vast network of broker-dealers and financial advisors/investment professionals/trading firms, working to protect investors and ensure/maintain/promote market integrity. FINRA's comprehensive/expansive/wide-ranging regulatory framework encompasses a myriad/an array/numerous aspects of the securities industry, including brokerage activities, investment products, advertising practices/market surveillance, investor education, dispute resolution.

  • FINRA develops/implements/enforces industry rules and regulations to govern/that govern/governing member firms.
  • Through/By means of/Utilizing its extensive regulatory authority, FINRA strives to/seeks to/aims to prevent fraud/abuse/market manipulation.
  • FINRA also provides/offers/administers a range of investor services/tools/resources, including educational materials, complaint handling procedures, arbitration forums

  An Jumpstart Our Business Startups Jobs Act of 2012

  The Jumpstart Our Business Startups Jobs Act of 2012, also known as the JOBS Act, was a {landmark|significant|legislation passed by Congress to stimulate entrepreneurial activity through the United States. It targets to make it less difficult for small businesses to attain capital by easing regulations on securities offerings. This JOBS Act has several key provisions, including the ability for companies to market their offerings more widely, the introduction of crowdfunding as a avenue to raise capital, and {themodification of restrictions on private company fundraising. Supporters of the JOBS Act argue that it will assist small businesses to grow, generate jobs, and boost economic growth. Critics, however, voice concerns that the Act could cause increased risk for investors and {potentiallyhamper responsible market behavior.

  Apex Group

  Tycon Industries is a dominant force in the technology sector. Known for its innovative products, Tycon regularly pushes the limits of what's achievable. Their commitment to excellence is evident in every facet of their operations.

  From unassuming beginnings, Tycon has grown into a international giant. Their impact spans across numerous sectors, and their reputation is synonymous with achievement.

  SEC approval

  Securing qualification from the Securities and Exchange Commission (SEC) is a essential step for entities seeking to issue securities. The SEC reviews applications meticulously to ensure compliance with federal investment guidelines. Gaining SEC registration evidences a company's legitimacy and offers access to public markets.

  • Organizations must submit a comprehensive registration statement detailing their business operations.
  • The SEC may demand additional clarifications during the review process.
  • Upon qualification, companies can issue securities.

  Help raise funds

  GoFundMe is a platform that enables fundraising campaigns for a variety of reasons. Whether it's funding a personal project, GoFundMe offers a convenient way to collect donations from family and friends. Create your campaign today and help others.

  Indiegogo

  Kickstarter is a service that enables people to back creative projects. It's a popular way for artists to raise the funding they want to launch their ideas to life. Project owners can create project pitches and supportive backers can donate various figures. In exchange , backers may obtain rewards such as early access to the product, exclusive content, or even a chance to participate in its creation . Kickstarter has evolved into a thriving space for creativity and innovation, linking individuals with supporters worldwide.

  Kickstarter

  Is a project struggling some extra funding? Consider launching a campaign on Indiegogo, a online contribution platform designed to help individuals obtain their dreams. With Indiegogo, you can showcase your project with the community and secure supporters who support your idea. From gadgets, Indiegogo offers a diverse range of categories to match all type of project.

  Stock Investment

  Equity investment entails acquiring shares of ownership in a company. This means you become a fractional owner and have the potential to profit from the company's growth. Investors engage in equity investment through various platforms, such as stock exchanges or directly with companies. It is a risky investment strategy, but it also offers the opportunity for significant profits. Understanding the fundamentals of equity investing is crucial before making any choices.

  EquineT

  EquityNet is a platform that connects funders with businesses. It provides a resource for both parties to connect and enable investment. Investors can browse through a variety of opportunities from businesses across various industries. Businesses can list their plans on EquityNet and attract investment to help them expand. The network also offers resources and help to both investors and businesses, making it a holistic approach for capitalizing entrepreneurial ventures.

  Leap into Uncharted Territory

  Venturing into the domain of entrepreneurship is a daunting endeavor. It demands gumption to chart a path through uncertainties. Successful ventures often manifest from a combination of dedication and a willingness to evolve in the face of difficulties.

  • Nurturing strong foundations is paramount.
  • Recognizing a niche in the market can be pivotal.
  • Persistence often distinguishes those who thrive from those who struggle.

  The Investment Bank

  Goldman Group is a renowned global firm headquartered in Manhattan. Known for its capabilities in trading, Goldman Sachs has played a pivotal role in influencing the global economy for over a century. The firm is renowned for its highly skilled workforce who always aim to deliver exceptional results for clients worldwide. With a long history of success and innovation, Goldman title i title ii title iii title Sachs remains a key stakeholder in the global financial industry.

  Merrill Lynch

  Merrill Lynch is a/was a/has been globally recognized financial institution/investment bank/brokerage firm. Established in/Founded in/Originating from New York City in the year/during the year/around the year 1914, it quickly grew to become/maintained its position as/established itself as one of the largest/most prominent/leading firms in the industry. Known for/Renowned for/Famous for its expertise in/range of services/diverse portfolio, Merrill Lynch has consistently delivered/provided/offered a wide array of/comprehensive suite of/extensive selection of financial solutions to individuals, institutions and corporations worldwide/services to a diverse clientele.

  Fuel Your Dream Project

  A community campaign is a powerful way to bring the resources you need for your project. By reaching out with a wider network, you can gather enthusiasm from contributors who support in your idea.

  • Leverage the power of a collective effort to realize your goal
  • Empower access to funding and remove traditional barriers
  • Foster a community of passionate supporters who champion your project

  Investment Platforms
  

  The realm of venture capital has been transformed by the emergence of funding marketplaces. Among these, Regulation A Plus stand out as a vehicle for companies to raise equity from the public. Guided by by the U.S. Securities and Exchange Commission, these rules provide a framework for companies to sell securities to a wider investor base. In contrast, Regulation D offers a {private less regulated avenue for companies to attract investments from qualified buyers. A key difference lies in the magnitude of capital raised, with Regulation A+ Reg A targeting a larger pool of investors. Conversely, Reg D offerings often involves a narrower group of accredited investors. To navigate this challenging terrain, companies may employ the expertise of financial advisors to ensure compliance with regulatory requirements. The SEC filing process for companies seeking public funding through Regulation A Plus can be a lengthy undertaking.

  Funding Campaigns

  In today's dynamic business landscape, startups are constantly seeking innovative ways to secure funding. A plethora of options exist, ranging from traditional angel investors firms to crowdfunding platforms and even convertible debt.

  Entrepreneurs|Startups|Tech Companies can leverage these various avenues to fuel their growth, expand operations, and bring innovative ideas to market.

  Some notable players in the capital raising ecosystem include Endurance Lending Network, AngelList, as well as platforms like Cash From the Crowd.

  Investors|Individual Investors|Accredited Investors play a crucial role in this process, providing the necessary capital to drive innovation and economic growth.

  The JOBS Act has significantly impacted the funding landscape by providing greater access for both investors and companies.

  Online Business Funding|Crowdfunding Campaigns|Real Estate Investments have also witnessed a surge in popularity, allowing individuals to participate in investment opportunities previously reserved for institutional players.

  Platforms like GoFundMe have democratized the capital raising process, empowering everyday investors to contribute to ventures they believe in.

  Startup companies often rely on angel funding to get off the ground, while later-stage businesses may turn to IPO's to raise substantial funds.

  The future of capital raising is poised for continued innovation and evolution, with emerging trends like blockchain technology shaping the landscape.