[Sent as an email to our newsletter list on September 11, 2017. Sign up to receive these emails here. Already on the list but aren’t receiving our emails? Contact us at email@example.com to sort the problem.]
We’re super close to having the first two Signature Series Arcimotos on the road. The first chassis is assembled and powder-coated, the first battery module is assembled, and shell pieces are out for plugs and tooling. It’s looking amazing; we’d love to show you but we promised the build team we wouldn’t until it’s done. We’re expecting the first one to be on wheels and moving under its own power before summer ends. Signature Series customers #0 and #1 are currently picking out final color options for the bodies, and early indications suggest these are going to be the sweetest Arcimotos we’ve ever built. By a lot.
Arcimoto’s utility patent application describing the key innovations in the Generation 8 SRK architecture was granted a Notice of Allowance by the USPTO last week. Although we have several patents in process covering aspects of our novel drive train and battery systems, this patent covers what fundamentally makes the SRK an awesome and ultra-efficient ride. For us it represents the culmination of nearly ten years of development effort to crack the electric daily driver code.
We are thrilled at the response to our Reg A+ IPO. In our team effort with our underwriter WR Hambrecht+Co and the selling group they’re leading, we’ve hit the minimum in commitments on the round, and based on the early reports from our broker/dealers, we anticipate we will qualify for a Nasdaq listing immediately following the close of the round. To that end, we have re-crafted our Offering Circular in the S-1 format required for public listing and will be submitting it to the SEC later today.
The window of opportunity to participate in this pre-listing Regulation A round is rapidly closing. We will be shutting down retail investment via the Arcimoto site this Friday, September 15. If you have interest in owning a part of the company and the mission, now is the time to head over to http://arcimoto.com/invest.
Finally, on a more somber note, our hearts go out to all those affected by the hurricanes in Texas and Florida and the massive wildfires in California and Oregon. To our many early supporters based in those states, we hope you and your families made it safely out of harm’s way. These unprecedented events have further instilled a sense of true urgency in all of us to deliver a real sustainable transportation solution to combat emissions and climate change.
To the starting line,
An offering statement regarding this offering has been filed with the SEC. The SEC has qualified that offering statement, which only means that the company may make sales of the securities described by the offering statement. It does not mean that the SEC has approved, passed upon the merits or passed upon the accuracy or completeness of the information in the offering statement. You may obtain a copy of the offering circular that is part of that offering statement here.
You should read the offering circular before making any investment.
The offering materials may contain forward-looking statements and information relating to, among other things, Arcimoto, Inc., its business plan and strategy, and its industry. These forward-looking statements are based on the beliefs of, assumptions made by, and information currently available to the company’s management. When used in the offering materials, the words “estimate,” “project,” “believe,” “anticipate,” “intend,” “expect” and similar expressions are intended to identify and constitute forward-looking statements. These statements reflect management’s current views with respect to future events and are subject to risks and uncertainties that could cause the company’s actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.