Growth Capitalist (https://growthcapitalist.com/author/tbuhl/page/2/)
The recent successful Reg A+ offering and immediate Nasdaq listing by an electric utility vehicle startup offers a roadmap for other issuers seeking a quick path to public capital and trading liquidity.
An Oregon-based concept car company has been qualified by the Securities and Exchange Commission to raise $29.9 million through a Tier 2 Regulation A offering. Arcimoto is selling 4,600,000 shares at $6.50 through an exclusive underwriting agreement with WR Hambrecht + Co. The company plans to list on Nasdaq’s Capital Market.
Chicken Soup for the Soul Entertainment (CSSE), a provider of “positive” family-friendly video content under the name of the popular self-help book publisher, became the first Reg A issuer to list on Nasdaq’s Global Market last week, debuting August 18 after quickly closing a $30 million offering – the largest Reg A offering ever completed.
Ironridge Global Partners has settled a two-year-old enforcement action with the Securities and Exchange Commission over its use of a previously obscure cause of the bankruptcy code to provide equity financing to distressed microcaps. Without admitting guilt, the fund managers agreed to one count of failing to register as a broker-dealer, and will pay $4.4 million in disgorgement penalties.
