Growth Capitalist (https://growthcapitalist.com/tag/automotive/)
The recent successful Reg A+ offering and immediate Nasdaq listing by an electric utility vehicle startup offers a roadmap for other issuers seeking a quick path to public capital and trading liquidity.
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.
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.
