SUNNYVALE, CA, May 9, 2018 /CNW Telbec/ - Dubuc Motors, Inc., an early stage electric car company developing high end luxury sport vehicles, announced today that it has launched a private investment round under Rule 506(c) of Regulation D promulgated by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "Securities Act").
This offering responds to repeated shareholder requests for an opportunity to participate in the Company's financings on similar terms as institutional investors, receiving such requests following their recent Reg A+ financing. Dubuc Motors welcomed an aggregate of over 750 new shareholders in their previous round and counts more than 800 total investors to date. This new Reg D offering is expected to involve both existing and new investors, allowing for those who did not have the opportunity to participate in earlier rounds.
This $6M Reg D round will materialize the final steps required to complete the production model and spring the company's next milestones, which includes a planned Reg A+ IPO. The raise represents a distribution of 3,000,000 shares at a $2 consideration prior to the Company's anticipated listing.
This Regulation D Offering is for accredited investors only, who can expect a lower price in this round than what the Company anticipates the stock price to be in the suggested IPO, while helping to build an offspring of America's great industrialization. "We are addressing a $400 billion dollar luxury market and currently at the cusp of an abundant new era, it's an exciting time to be innovating and pursuing bold ideas. We expect to complement Tesla's product line and very much compete, given our resources and business model, with the mostly smaller European low-volume manufacturers from right here in the United-States" says co-founder Mike Kakogiannakis.
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Dressed up on a proprietary chassis design, the company plans to unveil several models from that very structure serving to cater to the wealthy clientele within the automotive industry, otherwise underserved by mass market competitors. Dubuc Motors plans to operate from a 200,000-sq.-foot, state-of-the-art facility in North America, manufacturing a variety of extravagant EV's with a foreseeable line of lavish flying cars, also catering to the affluent and upscale demographic.
To view investor materials or to invest: TomahawkEV.com
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