Sharesight - seeking to gauge interest in possible investment

[stoploss]

The Board of Directors of Tasman Combined Holdings Ltd (Sharesight’s holding company) has decided to raise up to NZ$ 4M. New Zealand securities restrictions mean that we will be limiting the raise to wholesale, sophisticated, or professional investors in New Zealand or Australia. We are seeking a minimum investment of 5,000 shares or NZ$ 22,500.

I received the above email from sharesight - need to decide whether to take part. I have never invested in unlisted companies...

Does anyone know the criteria for an "eligible investor" in New Zealand?

"An eligible investor is a type of wholesale investor. Eligible investors are people who have enough experience or knowledge about financial products to assess the risks and merits of a transaction. The benefit of being classified as a wholesale investor is that you're likely to see a much greater range of deal flow. This is especially true for offers from growth companies, because they may not want to incur the time and expense of preparing a highly regulated public offer. The potential downside is that some of the regulation which has been designed to protect investors will not apply to you."
https://www.snowballeffect.co.nz/blo...dited-investor