Confederate Ups Production With $1 Million Private Placement Offering

Tom Roderick
by Tom Roderick

Press Release:

Confederate Motors, Inc., announced today that it has initiated a $1,000,000 USD private placement offering solely to accredited investors (the “Offering”) under Rule 506(c) of Regulation D promulgated by the SEC under the Securities Act. The Company intends to use the proceeds from the Offering to increase production to at least two motorcycles per week.

As part of the Offering, the Company will issue up to 5,000,000 shares of the Company’s Common Stock at $0.20 USD per share for gross proceeds of $1,000,000 USD.

The securities offered in the Offering will not be and have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Additional details of the offering, including the Private Offering Memorandum, Management Discussion and Financial Forecasts are available for viewing by SEC-accredited investors at: confederate.com/investor-relations.
In other news, shares of the Company’s Common Stock have recently been accepted for deposit through the Depository Trust Company (DTC), the largest securities depository in the world. This means the Company’s shares are available for public purchase electronically through brokers or online stock trading platforms.

“With this offering, we will expand the Art of Rebellion with new models and new markets to further the most dynamic brand in American motorcycle history,” said H. Matthew Chambers, CEO Confederate Motors, Inc.

Tom Roderick
Tom Roderick

A former Motorcycle.com staffer who has gone on to greener pastures, Tom Roderick still can't get the motorcycle bug out of his system. And honestly, we still miss having him around. Tom is now a regular freelance writer and tester for Motorcycle.com when his schedule allows, and his experience, riding ability, writing talent, and quick wit are still a joy to have – even if we don't get to experience it as much as we used to.

More by Tom Roderick

Comments
Join the conversation
Next