The Helping Angels Lead Our Startups (HALOS) Act of 2025 mandates the Securities and Exchange Commission (SEC) to revise its rules concerning general solicitation and advertising. It specifically directs the SEC to amend Regulation D to exempt certain communications made by or on behalf of an issuer at qualifying events from the prohibition against general solicitation, aiming to facilitate capital raising for early-stage companies. This exemption applies to presentations at events sponsored by a range of organizations, including government entities, colleges, nonprofit organizations, angel investor groups , incubators, and accelerators. To qualify, the event's advertising must not reference specific security offerings, and the sponsor must adhere to strict guidelines, such as not providing investment advice or receiving compensation for introductions. Issuers at these events are permitted to share limited information about their offerings, such as the type and amount of securities and the intended use of proceeds. Importantly, attendance at such an event alone does not establish a pre-existing substantive relationship between an issuer and a potential purchaser for the purposes of Rule 506(b).