Fast-casual dining franchise company FAT Brands expects to close it’s $24 million Reg A offering as soon as Oct. 20, according to company insiders. The quick closing follows reports that the company attracted millions of committed capital on its first day after the Securities and Exchange Commission qualified the offering on October 3. The owner of Fatburger and Buffalo’s Café is selling two million shares at $12, with a minimum investment of $500, from institutional and retail investors. The deal is being sold by Tripoint Global Securities as the exclusive bookrunner.
First to NASDAQ, Adomani Rides Wave of Investor Interest
A California-based green-tech company became the first Regulation A+ offering to list on NASDAQ this month, and within one week was trading at double its listing price.
Myomo Deal Team Discusses Execution Strategy
The Regulation A deal team of medical device company Myomo (MYO), told a packed room last week at the Marcum Microcap conference in New York City that institutional investor thought their new mini-IPO deal wouldn’t trade in the secondary market so they wouldn’t invest.
Senior Exec, Directors Flee YayYo Amidst Promotion, Disclosure Concerns
A California tech start-up currently in the market with a $50 million Regulation A offering called YayYo has seen an exodus of senior leadership this month amid a storm of criticism over the company’s promotional campaign, which has included cable TV ads and online videos by rappers and TV character actors extolling investment in the company’s stock as an opportunity for retail investors to get in on the next Uber or Lyft.
Adomani Raises $10M in Five Days with Broker-led Sales Program
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