Small IPOs Are Back!

June 20, 2017

 

In 2015, congress implemented Title IV of the JOBS Act introducing Regulation A+ as a way for small companies to raise capital from "main street" investors without having to undertake the time and expense of a full blown SEC registration. 

 

Regulation A+ has slowly been gaining traction as a way for smaller companies to raise capital and go public. Until recently, Elio Motors was the first and only crowdfunded IPO in the United States. Elio closed out their $17 million Regulation A+ offering in February, 2016, and subsequently listed to the OTCQX.

 

Last week was a very big week for Reg A+ with two companies completing their Reg A+ offerings and listing on senior US stock exchanges. One of the companies, Myomo, was the first Reg A+ company ever to list on the NYSE Mkt. The other, Adomani, was the first Reg A+ company to list on the NASDAQ

 

 

First Ever Reg A+ NYSE IPO - (NYSE Mkt: MYO)

 

Myomo, a commercial stage medical robotics company, raised $7.9 Million with $5.0 Million through its Reg A+ and $2.9 Million through a private sale of investment units. Myomo now trades on the NYSE Mkt under ticker symbol "MYO". Since opening for trading on the NYSE on June 9, 2017, MYO is up almost 160% from its $7.50 IPO price closing at $19.31 on June 19, 2017. 

 

 

First Ever Reg A+ NASDAQ IPO  - (NASDAQ: ADOM)

 

Adomani, a provider of advanced zero emission vehicle solutions, raised $14.3 million through its Reg A+ at a price of $5 per share. Adomani now trades on the NASDAQ under ticker symbol "ADOM". Since opening for trading on the NASDAQ on June 15, 2017, ADOM is up over 100% from its IPO price closing at $10.07 on June 19, 2017. 

 

 

Many expect the success of both of these listings will encourage more companies to use Reg A+ to raise capital and go public. 

 

 

About Acquis Capital:
 
Acquis Capital is a private investment fund that specializes in acquisition and project finance. Acquis invests in small public and private companies to fund acquisitions or other projects that create immediate tangible value. For more information please contact us or follow us at @MicroMnA.

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