[Sent as an email to our newsletter list on August 15, 2017. Sign up to receive these emails here. Already on the list but aren’t receiving our emails? Contact us at firstname.lastname@example.org to sort the problem.]
OUR PUBLIC OFFERING IS NOW LIVE
We’re excited to announce that the SEC has officially qualified our Reg A+ IPO. The future is electric and investing in it now takes just a few simple steps on our website:
Funding options include an electronic check from a U.S. bank account, a mailed check, or a wire transfer. For those of you not following along at home, here are the notable events that have shaped this offering since our first public filing announcement in June:
- Based on the enthusiastic reception we had presenting the offering to potential investors on the east coast road show last month, we increased the offering maximum from $10M to $29.9M. This folds in the follow-on raise we were planning next year into this offering.
- The board approved a stock split prior to the offering. This will allow those investing the minimum to still be round lot (100 share) investors.
- We set a per share price of $6.50.
- In the event the Company raises enough capital and acquires enough round lot investors to qualify for a listing on NASDAQ or another exchange, we plan to list publicly following the conclusion of the offering, as outlined in our revised Form 1-A.
As the business team finalizes our Reg A+ IPO launch materials and press kit, the build team is assembling our first customer vehicles in the Signature Series and champing at the bit for full production. We’ll send out a full-fledged newsletter updating everyone on our vehicle progress in the near future.
To the starting line!