Dubuc Motors is Crowdfunding its Electric Cars following SEC qualification
MENLO PARK, CA, March 2, 2017 /CNW Telbec/ - Dubuc Motors Inc. (Dubuc Motors), the company behind the Tomahawk – the world's first 2+2 electric sports car, announces the live offering phase of its equity crowdfunding campaign after the qualification of its filing with the Securities and Exchange Commission (SEC). The company has received over $6MM of indicated interest and is now the first to jointly conduct a Regulation S offering with a Regulation A under Title IV of the JOBS Act, Regulation A+.
Dubuc Motors can now sell equity shares to accredited and unaccredited investors through its website (www.dubucmotors.com), allowing for people to invest as little as $200 in the United States as well as internationally.
"People have embraced the idea that the Tomahawk, although an exotic sports car, can be as practical as a sedan," said Mike Kakogiannakis, co-founder of Dubuc Motors. "We have been pleased with the response from the crowd. It's exciting to see a community of game changers and trend setters jump on board as shareholders of our company early on."
The 370-mile range Tomahawk caters to a unique audience which accommodates the big and tall, seating drivers up to 6'5" comfortably. Additional features such as rear seats and trunk space add utility, making the Tomahawk an everyday luxury sports car. The Tomahawk is now available for reservation with a $5,000 deposit on the company's website, first deliveries are expected in 2018.
About Dubuc Motors:
Self-funded since the company's launch in 2013, the founders have spent 13 years in research and development to create luxury vehicles that merge automotive power and technology with sustainability. The company is focused on providing electric vehicles within niche markets of the automotive space. Its introductory model, the Tomahawk features top quality performance, going 0-60 mph in 3 seconds while offering a luxury sports vehicle experience that is sleek yet spacious, and Mother Nature-approved. The company will be a low volume manufacturer, with an expected production of up to 1,500 units per year.
For more information or to commit funding on the equity crowdfunding campaign, please visit www.dubucmotors.com
Regulation A Disclaimer:
An offering statement regarding this offering has been filed with the SEC. The SEC has qualified that offering statement, which only means that Dubuc Motors may make sales of the securities described by the offering statement. It does not mean that the SEC has approved, passed upon the merits or passed upon the accuracy or completeness of the information in the offering statement. You may obtain a copy of the offering circular that is part of that offering statement from: https://www.sec.gov/Archives/edgar/data/1688361/000168836117000008/dubform1a-02212017.htm
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. You should read the offering circular before making any investment.
Forward Looking Information:
This press release contains forward-looking statements, which include, but are not limited to, statements concerning Dubuc Motors and our plans and projections. You should not rely upon forward-looking statements as predictions of future events. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, as more fully described in the offering circular. In light of such risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements.
Media Contact: Mike Kakogiannakis, [email protected], 514-264-1359
SOURCE Dubuc Motors