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Arcimoto Sold 19.5 Million Worth Of Stock After July Ipo

voyager

voyager

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3wheelin

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voyager said:
After beginning its initial public offering in July, Arcimoto has sold 3 million shares of common stock, raising $19.5 million for the company, nearly double its original goal of $10 million. On Thursday, Arcimoto joined the NASDAQ stock market under the symbol FUV.

http://www.thedrive.com/sheetmetal/14531/three-wheeled-ev-maker-arcimoto-completes-ipo
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I'm not that all surprise. This goes to show it gets easier when you have something that consumers can actually have a feel...and test drive what eventually they want to buy! SOLO got their 1 + billion in future orders because it's real, it's in the hands of consumers/owners and they're just loving it!
 
pistonboy

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I will have to find the SEC filing for Arcimoto and see if they published as depressing a filing as EM.

EM filing is so depressing, I suspect if is scaring off investors. Perhaps EM tried to protect itself too much.
 
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pistonboy said:
I will have to find the SEC filing for Arcimoto and see if they published as depressing a filing as EM.

EM filing is so depressing, I suspect if is scaring off investors. Perhaps EM tried to protect itself too much.
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Nothing depressing about Arcimoto's Reg A+ IPO or their approved Nasdaq listing. This week Arcimoto paid off their total $250,000 of debt to the City of Eugene, OR. They are debt free, recently acquired a manufacturing building, have 3 driveable prototypes, currently building Signature Series SRKs to be delivered end of summer. Arcimoto is using the $19.5 Million Reg A+ funds for production and tooling the new manufacturing facility allowing them to build and deliver the 1750 + SRK reservationist SRKs in 2018. Their plan is to scale production late 2018-19 to 10,000 units.
 
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Sailor Dog

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Depression?!?! Market verdict!!!!!! Arcimoto (What the FUV?) trading DOWN to $3.60 a share from $6.35 less than week after IPO. Why go for a low production electric toy...market forces are FINALLY speaking!!! Only Tesla, Nissan Leaf, and Chevy Volt have room now in the TINY (3% max) EV space. Arcimoto, Sondors, & SAM...what a joke! Go Elio!!!
 
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Rob Croson

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Dyson announced yesterday that they are entering the EV market. (Yes, the vacuum cleaner/fan/hand dryer company.) They are kicking off a $2.6 BILLION project to begin producing their own mass produced EV. Half the money is earmarked for solid-state battery development, and the other half for engineer/prototype/production of the vehicles. That's looks like it has the potential to be a serious contender in the EV market. They claim to already have 400 people working on the project, with a projected street date: 2020.

https://www.engadget.com/2017/09/26/dyson-release-own-ev-by-2020/
 
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Samalross

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Sailor Dog said:
Depression?!?! Market verdict!!!!!! Arcimoto (What the FUV?) trading DOWN to $3.60 a share from $6.35 less than week after IPO. Why go for a low production electric toy...market forces are FINALLY speaking!!! Only Tesla, Nissan Leaf, and Chevy Volt have room now in the TINY (3% max) EV space. Arcimoto, Sondors, & SAM...what a joke! Go Elio!!!
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Wasn't Elio $75 Last IPO for Elio $12.
 
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Rickb

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The good no joke news for early FUV investors is that Arcimoto raised $19.5 million in their initial pre-Nasdaq Reg A+ IPO and Arcimoto is debt free. Nasdaq didn't think Arcimoto was a joke when approving their application.

Stocks go up, stocks go down. None of the three wheeler startup's meeting major production progress milestones are a joke. People are working hard to get their concepts to production. I like them all and the first to market that proves three wheeler market acceptance is of great benefit to all the others.
 
Watashiwah

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"...the first to market that proves three wheeler market acceptance is of great benefit to all the others."

Couldn't agree more: Smart competition breeds good business. You can't do good business with stupid people.
 
Sailor Dog

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Rob Croson said:
Dyson announced yesterday that they are entering the EV market. (Yes, the vacuum cleaner/fan/hand dryer company.) They are kicking off a $2.6 BILLION project to begin producing their own mass produced EV. Half the money is earmarked for solid-state battery development, and the other half for engineer/prototype/production of the vehicles. That's looks like it has the potential to be a serious contender in the EV market. They claim to already have 400 people working on the project, with a projected street date: 2020.

https://www.engadget.com/2017/09/26/dyson-release-own-ev-by-2020/
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Go big or go home...add Dyson to the list of winners!!! The smart folks at Elio Motors or investing in ELIO see it this way. We'll see if principles of economies of scale and mass production are obsolete.
 
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