Deals

Electric Commercial Vehicle Company Greenlighted on $22M Tier 2 Offering

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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.

equity crowdfunding

Hype Hangover: Crowdfinance Industry Right-Sizes in Face of Weak Market Demand

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The fledging crowdfinance industry is awash with fear and loathing these days. Just below the surface of the hype and evangelism about crowdfunding’s promise to circumvent the old boys’ club of traditional venture capital and allow entrepreneurs to raise capital directly from so-called “Main Street” investors, lies a growing realization that they – the “picks and shovels” makers of this new Gold Rush – may be the only ones excited about the prospect.

Whitney White
Executive Moves

WR Hambrecht Loses Its Reg A Banker

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Alternative IPO investment bank WR Hambrecht + Co. is losing the senior banker who has led the firm’s Reg A initiative, putting the future of the firm’s crowdfinance program in doubt. Whitney White, a partner and Hambrecht’s head of equity capital markets, is joining Prime Trust LLC, the trust company and crowdfinance back-office administrator spun off from FundAmerica last summer.