Grumpy Cat
Elio Addict
https://www.equities.com/news/why-elio-motors-going-public-is-a-success-story-in-more-ways-than-one
As we covered earlier on Equities.com, shares of startup automaker Elio Motors (ELIO) recently began publicly trading on the OTCQX Best Market. It was certainly a milestone for the company, whose novel three-wheeled two-seater vehicles have become something of a phenomenon for auto enthusiasts during its development. But what Elio Motors has achieved here really represents a monumental breakthrough for the US economy, and in many ways a validation of the democratization of capital for emerging growth companies and their investors.
Elio Motors was the first US company to successfully raise capital through the JOBS Act’s Regulation A+ rule. The company raised $17 million through 6,000 individual investors on StartEngine’s Crowdfunding Platform. Those shares are now publicly trading, creating liquidity for its investors and validating the hopes for fellow entrepreneurs.