Elio Crowdfunding

[JEBar]

I just read a PR news wire (press release) that indicated PE has confirmed they have already hit the $25million and will be moving to building the E series.

Can anyone else confirm?

http://news.sys-con.com/node/3583643

see post 3156

 

[Johnny Acree]

This is from the news wire.

Elio Motors is seeking $25 million through this stock offering and still has shares available.

 

[Chris F]

Do you think the next round will be priced the same $12.00?

What next round?

 

[Rambler]

I just read a PR news wire (press release) that indicated PE has confirmed they have already hit the $25million and will be moving to building the E series.

Can anyone else confirm?

http://news.sys-con.com/node/3583643

John, the news wire doesn't say they achieved the 25M...but I'd does say they are going to start the E series. That means to me that they achieved at least the minimum required for the offering to go thru and start the E series, which I believe was about 12M.

 

[Chris F]

This is from the news wire.

Elio Motors is seeking $25 million through this stock offering and still has shares available.

Note: Elio has a 25% over-allotment option--they can sell up to an additional 400,000 shares.

 

[Johnny Acree]

The one we are in now. Start Engine says, "Elio Motors is in live offering mode and is actively accepting investments."

 

[floydv]

Elio is seeking $25M for the E series testing. The 7-day exclusive window was just for those who expressed interest through reservations. Now they're expanding the offering to the general public, with the total target still being $25M (including the amount TBD that was raised during the exclusive window). So the "next phase" is the expansion to purchases by the general public.

 

[Chris F]

Under the documents, they had to raise over $!2 MM to break escrow--which they did, according to my startengine page.

 

[Chris F]

The one we are in now. Start Engine says, "Elio Motors is in live offering mode and is actively accepting investments."

This is the same offering, so the price is the same.

 

[John Painter]

John, the news wire doesn't say they achieved the 25M...but I'd does say they are going to start the E series. That means to me that they achieved at least the minimum required for the offering to go thru and start the E series, which I believe was about 12M.

You're correct, it's indicating EM is saying they have now raised enough to move on to producing the 25 engineering vehicles.