Growth Capitalist (https://growthcapitalist.com/author/tbuhl/page/6/)
Adomani, a Southern California company developing energy efficiency technologies for the automotive industry that is backed by UPC Venture Funds, has met its minimum goal of raising $10.6 million five days
A Southern California based green-tech automotive company has been qualified by the Securities and Exchange Commission to raise $22 million through a Tier 2 Regulation A+ offer. Adomani tapped a local California broker-dealer focusing on the Reg A market, Boustead Securities, to sell 4,400,000 of common stock at $5 per share with a $500 minimum investment.
The Securities and Exchange Commission is cracking down on investor relations firms that promote investment in emerging growth companies without disclosing that they are getting paid to tout their stock. On Monday April 10 the regulator announced a sweep of enforcement cases against executives at IR firms and the writers they hired to write bullish articles on penny stock companies masked as unbiased analyses which were posted on online investment websites including Seeking Alpha, The Street, Motley Fool and Benzinga.
Cambridge, Mass.-based medical robotics company Myomo is seeking to become the first issuer to be listed on the NYSE MKT if it is successful in raising $15 million through a Tier 2 Regulation A offering. The 11-year-old company launched its offering in mid-March, selling shares priced at $7.50 with a pre-money valuation of $35 million.
