Elio Motors Poised to Raise Nearly $16 Million in Crowdfunding Offering

Stinson - Corporate & Securities Law Blog
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We previously noted that the SEC had qualified Elio Motors Regulation A+ offering – the largest to date. Now, StartEngine, the platform on which the offering is being conducted, has announced that Elio Motors has raised nearly $16 million to date from this offering.  The offering is expected to close on February 1, 2016.

We caution, as does the press release, that the securities offered are “highly speculative.”

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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