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