Form D Narrative review
Form D narrative supporting a Reg D Rule 504 / 506(b) / 506(c) exempt offering. Only the prose is checked.
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What it checks
Issuer identification
Form D narrative must identify the issuer (name, jurisdiction of organization, CIK).
Critical · REG-001
Exemption claimed — Rule 504 / 506(b) / 506(c)
Form D narrative must identify the exemption claimed (Rule 504, 506(b), 506(c)).
Critical · REG-002
Accredited-investor reps + verification (if 506(c))
Form D narrative must address accredited-investor reps; under 506(c), must describe verification method.
Critical · REG-003
General solicitation policy — 506(b) prohibition / 506(c) permission
Narrative must address whether general solicitation is permitted (506(c)) or prohibited (506(b)).
Critical · REG-004
Bad-actor disqualification — Rule 506(d)
Form D issuers must address Rule 506(d) bad-actor disqualification screening.
Warning · REG-005
Offering amount + minimum investment
Form D narrative must state aggregate offering amount and any minimum investment.
Critical · REG-006
State blue-sky notice filings
Form D narrative should address state blue-sky notice filings.
Warning · REG-007
Prose only — financial statements and filing schemas are not checked
States on every regulatory-filing analysis that Vaulytica checks only the drafter's prose — not financial statements, numbers, or filing schemas.
Note · REG-040
Every run also applies 113 general checks that belong to any agreement: structure, parties and signatures, defined terms, cross-references, dates, amounts, and one-sided terms.
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How it works
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- Drop your PDF or DOCX, or paste the text. The document type is detected and only the checks that belong to it run, inside your browser tab.
- Get a Word report in which every finding quotes the clause and cites the rule and source behind it — one of 1,946 checks across 286 document types.