Just got the following email:
Elio Motors
Your Window To Buy Shares in Elio Motors Opens at 3 pm PST Today!
As you know, Elio Motors has been working with the SEC to make a formal stock offering. We are beyond excited to announce that we have been granted authorization by the Securities and Exchange Commission to launch the sale of Elio Motors stock! As one of those who expressed interest during the ?Testing the Waters? phase, you have an exclusive 7-day window to purchase shares in Elio Motors. This window closes in 7 business days, so we encourage you to act quickly.
The 7-Day Window
The 7-day window will consist of 7 business days. With the Thanksgiving holiday, this maximizes your ability to purchase shares. While you may still purchase shares over weekends and the Thanksgiving holiday, the 7-day window will extend until Tuesday, December 2, 2015 at 3 pm PST.
The Stock Purchase Process
Here are the essential steps for purchasing your shares in Elio Motors:
As indicated on the Elio Motors StartEngine page, we are currently anticipating more demand than we have available stock to sell. Expressed interest is currently 183% over our goal, at over $46 million. If we surpass our stock offering goal (whether it is $25 million or as much as $30 million) during the 7-day window, we will provide a pro-rated refund for a portion of any investment over the $600 minimum. This will attempt to ensure that all those who reserved non-binding expressions of interest prior to authorization are able to secure shares in Elio Motors.
Don't miss out on this historic opportunity to #AlterTheCourse of transportation! But you need to hurry as you only have 7 business days before the opportunity is open to the general public.
The Elio Team
Elio Motors
Your Window To Buy Shares in Elio Motors Opens at 3 pm PST Today!
As you know, Elio Motors has been working with the SEC to make a formal stock offering. We are beyond excited to announce that we have been granted authorization by the Securities and Exchange Commission to launch the sale of Elio Motors stock! As one of those who expressed interest during the ?Testing the Waters? phase, you have an exclusive 7-day window to purchase shares in Elio Motors. This window closes in 7 business days, so we encourage you to act quickly.
The 7-Day Window
The 7-day window will consist of 7 business days. With the Thanksgiving holiday, this maximizes your ability to purchase shares. While you may still purchase shares over weekends and the Thanksgiving holiday, the 7-day window will extend until Tuesday, December 2, 2015 at 3 pm PST.
The Stock Purchase Process
Here are the essential steps for purchasing your shares in Elio Motors:
- Visit the Elio Motors StartEngine Page at https://www.startengine.com/startup/elio-motors
- Log in with the user name and password you set up when you reserved your shares
- Click on the "Invest Now" button on the right side of the navigation bar
- Review the "Opening Disclaimer for Subscription" and sign your name at the bottom of the page by typing your full legal name
- Enter your personal information
- Determine whether or not you are an accredited investor. Here is the difference between the two distinctions:
- Accredited Investor: If you are an "accredited" as defined by Federal law, you will need to prove this status. As an accredited investor, you can subscribe for any amount of shares
- Non-Accredited Investor (most common) If you are not an accredited investor, by law you can purchase no more than 10% of the greater of your (a) annual income or (b) net worth
- Enter your annual income, net worth, and answer the information questions
- Review and accept the Fund America Customer Agreement
- Enter the amount of shares you would like to purchase, your payment method (either ACH or wire transfer), and then confirm your investment. As a reminder, you are not limited to purchasing only the amount of shares you reserved during the "Testing the Waters" phase
- Enter your payment information
- Review and sign the Subscription Agreement at the bottom of the page by typing your full legal name
- Click "Complete Investment" to become a proud Elio Shareholder!
As indicated on the Elio Motors StartEngine page, we are currently anticipating more demand than we have available stock to sell. Expressed interest is currently 183% over our goal, at over $46 million. If we surpass our stock offering goal (whether it is $25 million or as much as $30 million) during the 7-day window, we will provide a pro-rated refund for a portion of any investment over the $600 minimum. This will attempt to ensure that all those who reserved non-binding expressions of interest prior to authorization are able to secure shares in Elio Motors.
Don't miss out on this historic opportunity to #AlterTheCourse of transportation! But you need to hurry as you only have 7 business days before the opportunity is open to the general public.
The Elio Team
