Markets
Elio Raises $16M So Far in Reg A+ Offering to Close Feb. 1
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Elio Motors, whose stock sale is seen as an important test for the new Regulation A+ market, has raised $16 million so far in the offering that will close Feb. 1.
Growth Capitalist (https://growthcapitalist.com/category/premium-articles/markets/page/11/)
Macro-market developments affecting capital formation by pre-IPO private and public emerging growth companies
Elio Motors, whose stock sale is seen as an important test for the new Regulation A+ market, has raised $16 million so far in the offering that will close Feb. 1.
A Securities and Exchange Commission staff report recommends changes to the standards for qualifying “accredited” investors that would potentially make more people eligible to buy securities in unregistered offerings.
OTC Markets Group, operator of the main U.S. listing service for shares that don’t trade on the Nasdaq or New York Stock Exchange, is raising the standards that companies must meet to list on its highest tier.
Companies that offer sex-related products, alcohol, marijuana or gamlbing have historically faced heightened challenges in attracting investments.