When presenting to angel investors, it is important to understand the terms commonly used when evaluating an investment:

Definition of securities exchange act of 1934 (1934 act)

Securities Exchange Act of 1934 or 1934 Act requires companies registered under the 1933 Act to file periodic reports (e.g., Forms 10-K and 10-Q) with the SEC and to disclose certain information to shareholders. Companies traded over the counter with 500 or more shareholders and total assets of more than $10 million and companies that elect to be listed on a national stock exchange must file a registration statement to register under the Act.