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03-01-2017, 04:25 AM #1
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- Oct 2016
Dubuc Motors gets SEC approval for equity crowdfunding
Dubuc Motors, makers of the Tomahawk all-electric supercar prototype, recently announced that the Securities and Exchange Commission (SEC) had approved its filing for equity crowdfunding under the US JOBS Act Regulation A+.
The company began a Testing the Waters campaign in 2016, when it revealed the Tomahawk prototype, and raised $6.1 million in initial funding reservations. Now that the campaign is in the live offering phase, the company can convert those reservations into equity shares. Dubuc Motors simultaneously filed for a Regulation S, which allows investors in the US and around the world to kick in as little as $200 each. “And we’ll build from there,” said Dubuc founder and COO Mike Kakogiannakis in a phone interview.
Posted by Kristen Hall-Geisler on techcrunch.com