Growth Capitalist (https://growthcapitalist.com/category/premium-articles/page/6/)
Growth capital news and research from Growth Capital Investor, the journal of emerging growth company finance. Subscription required.
The Securities and Exchange Commission’s enforcement division delivered subpoenas last week to companies who have fallen victim to an alleged advance-fee scheme tied to Regulation A offerings. The scheme, which was first reported by Growth Capitalist in March, is believed to be led by a Southern California man, Steven J. Muehler, who was permanently banned by the SEC last year.
In another sign of consolidation in the crowdfinance market in the face of underwhelming growth, the market’s two main trade associations are planning to merge later this year. The Crowdfunding Intermediary Regulatory Advocates (CFIRA) and the Crowdfunding Professional Association (CfPA) are in talks to merge into a single trade group
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.
