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This particular type of crowdfunding came into being as part of the JOBS Act passed in May. It different from the Regulation A+ stock offerings that Elio Motors used to raise funds for its gasoline-powered 3-wheeled car. Harvey worked with Elio on that campaign as well; both used the StartEngine ca
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pital crowdfunding site. Harvey said that Elio campaign is the largest equity raise via Reg A+ in the country. Sondors has some experience in successful crowdfunding as well. The company founder, Storm Sondors, previously raised $10 million on IndieGogo for his Sondors eBike.The Model Sondors EV campaign had a minimum raise of $70,000, which the company raised within a day on StartEngine. The campaign is now halfway to its maximum allotted raise of $1 million with two months of fundraising left. The company plans to have a working prototype complete and ready to unveil within 12 months of the campaign c
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losing date, with sales of 120,000 vehicles project
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ed Rzvh Samsung acquires Tachyon to extend enterprise mobile device management
Back in April, Chahal was ousted from his role as CEO after he pled guilty to misdemeanor charges of battery and domestic violence battery, leading to intense criticism of the company. R
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adiumOne and Chahal later issued a joint statement saying that they had resolved their differences.Then, last month, Chahal made an offer to buy the company for an undisclosed price, and while RadiumOne said it would take the offer to its board of directors, it also responded that RadiumOne is not for sale and described聽the offered price as one that fails to reflect the value that has been built in the company. But as I said, Chahal isn ;t giving up. I ;ve obtained a copy of a subsequent letter in which he raises聽his offer by 25 percen
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t. My copy doesn ;t include the price, but the source who gave it to me said it in the nine figures. Re/code heard that the initial offer was for just over $400 million. If that
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true, the subsequent offer would add