Do SEC rules and U.S. securities laws apply to a Mexican company raising from U.S.-based investors? (I will not promote)

I'm exploring incorporating a Mexican entity and potentially issuing SAFE-style/future-equity instruments to a small number of friends who are based in the U.S. I'm trying to understand how U.S. securities laws apply when the issuer itself is a foreign company , but the investors are in the United States. For example, if a Mexican company raises around $30k–$50k privately from 3–4 people in the U.S.: Does the Mexican company still need to rely on a U.S. securities exemption such as Section 4(a)(2) or Regulation D? Do state “blue sky” laws also apply based on where each investor lives? Does it matter whether the investors are accredited? Is Rule 506(b) available to a foreign issuer? Would a SAFE or SAFE-equivalent still be treated as a security even though the issuing company is Mexican? Are there any meaningful differences if the investors are U.S. citizens vs. simply U.S. residents? Am I correct that Regulation Crowdfunding (Reg CF) generally isn't available to a foreign issuer? There would be no public advertising or crowdfunding involved - just a very small friends-and-family raise from people I already know. I'm obviously planning to speak with a U.S. lawyer before taking any money, but I'm trying to understand the framework first and what compliance actually looks like for a foreign startup raising a small amount from U.S.-based investors. Thanks!

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