Dubuc Motors Receives SEC Qualification Under US JOBS Act
(Thomson Reuters ONE) -
The first electric vehicle (EV) company approved to sell equity shares to
accredited and non-accredited investors
MENLO PARK, Calif., Feb. 23, 2017 (GLOBE NEWSWIRE) -- Dubuc Motors, the company
behind the Tomahawk - the world's first 2+2 electric sports car, announced today
the launch of the live offering phase of its equity crowdfunding campaign after
the qualification of its filing with the Securities and Exchange Commission
(SEC). The company revealed its electric supercar through a Testing the Waters
(TTW) campaign in 2016 and is now turning the $6 million in initial funding
reservations into real funding dollars.
Photos accompanying this release are available at:
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Under Title IV of the JOBS Act, Regulation A+, Dubuc Motors can begin to convert
reservations into equity shares. The company regards itself as the first company
to jointly conduct a Regulation S offering with a Regulation A, allowing for
investors to contribute as little as $200 in the United States as well as
internationally. The company will be a low volume manufacturer, with an expected
production of up to 1500 units per year.
"People have embraced the idea that the Tomahawk, although an exotic sports car,
can be as practical as a sedan," said Mike Kakogiannakis, co-founder of Dubuc
Motors. "We are seeing the incredible response from investors and it's exciting
to see a big community of game changers and trend setters jump on board as
shareholders early on."
The 370-mile range Tomahawk caters to a unique audience, entering the market as
the first and only electric all-wheel drive 2+2 sports car. The car accommodates
the big and tall, seating drivers up to 6'5" comfortably. Additional features
such as rear seats and trunk space add utility, making the Tomahawk an everyday
luxury sports car. The Tomahawk is now available for purchase on the company's
website and customers can reserve early with a $5,000 deposit, securing their
vehicle for 2018.
About Dubuc Motors:
Dubuc Motors is the company behind the Tomahawk - the world's first 2+2 electric
sports car. Self-funded since the company's launch in 2013, Dubuc Motors spent
13 years in research and development to create a luxury sports car that merges
automotive power with sustainability.
The Tomahawk features top quality performance, going 0-60 mph in 3 seconds while
offering a 370-mile range. The company is focused on providing a luxury sports
vehicle experience that is sleek yet spacious, and Mother Nature-approved. The
vehicle is now available for reservation and will be unveiled in 2018.
For more information or to commit funding on the equity crowdfunding campaign,
please visit www.dubucmotors.com
Regulation A Disclaimer:
An offering statement regarding this offering has been filed with the SEC. The
SEC has qualified that offering statement, which only means that Dubuc may make
sales of the securities described by the offering statement. It does not mean
that the SEC has approved, passed upon the merits or passed upon the accuracy or
completeness of the information in the offering statement. You may obtain a copy
of the offering circular that is part of that offering statement from:
https://www.sec.gov/Archives/edgar/data/1688361/000168836117000008/dubform1a-
02212017.htm
This press release shall not constitute an offer to sell or the solicitation of
an offer to buy nor shall there be any sale of securities in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such state or
jurisdiction.
You should read the offering circular before making any investment.
Contact: Daniella Ruiz
BAM Communications
C: 619.788.1556
Daniella(at)bamcommunications.biz
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Dubuc Motors via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 23.02.2017 - 14:00 Uhr
Sprache: Deutsch
News-ID 526149
Anzahl Zeichen: 5028
contact information:
Town:
Quebec
Kategorie:
Business News
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"Dubuc Motors Receives SEC Qualification Under US JOBS Act"
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