WR Hambrecht + Co Raises $19.5 Million in a Reg A+ Offering for Arcimoto

September 21, 2017

Arcimoto Listed on Nasdaq - FUV

Arcimoto Now Listed on Nasdaq: FUV

San Francisco, CA (September 21, 2017):  WR Hambrecht + Co successfully completed a Regulation A+ offering for Arcimoto (FUV) – raising $19. 5 million for the makers of the worlds’ first Fun Utility VehicleTM – an affordable and practical pure electric vehicle for everyday commuters and fleets.

WR Hambrecht + Co served as the sole and exclusive underwriter for Arcimoto’s Reg A+ IPO and used its extensive network of broker-dealer partners to place 3 million shares at an offering price of $6.50 per share.

The Arcimoto Reg A+ IPO was qualified by the SEC on August 15, 2017 and the subscription period was closed on September 15.  Arcimoto begins trading on the NASDAQ Capital Market on Thursday, September 21, 2017 under the ticker symbol FUV.

The use of proceeds will help fuel the full production of Arcimoto’s SRK.  The Arcimoto SRK defines the Fun Utility Vehicle category, delivering a thrilling ride experience, exceptional maneuverability, full comfort for two passengers with gear, optimal urban parkability, and ultra-efficient operation, at an affordable target base model price of $11,900. It sports a top speed of 80 mph, a range of 70 or 130 miles (model-dependent), and an efficiency of 230 MPGe. General availability is expected in Q2 2018. Interested consumers are encouraged to place a $100 pre-order to hold their place in line at Arcimoto.com/preorder.

“We believe that Reg A+ IPOs, listed on a national exchange, hold a tremendous opportunity for all classes of investors, and we are pleased to be part of rebuilding the small cap market for these investors and for issuers of promising companies like Arcimoto” said John Hullar, Managing Partner at WR Hambrecht + Co.

The offering for Arcimoto (FUV) follows WRH+Co’s sole managed Reg A+ IPO for ShiftPixy (PIXY), which began trading on Nasdaq on June 30, 2017.

It is WR Hambrecht + Co’s contention that Regulation A+, introduced as part of the Jumpstart Our Business Startups (JOBS) Act, represents a totally new platform for providing growth capital to promising, early stage companies. And has the potential to stimulate the economy. The Reg A+ format confers several advantages to issuers, including the reach to a broader and greater number of investors, a more time efficient review process, and significantly lower costs to the issuer with combined legal and accounting fees for Arcimoto’s offering a fraction of the cost of a typical, fully registered S-1 offering.

Now Qualified – Arcimoto Goes Public Under Regulation A

August 11, 2017

Invest Now in Arcimoto

Shares of Arcimoto are Available to Retail Investors Effective Immediately

Arcimoto, makers of the world’s first Fun Utility Vehicle, is preparing its offering for public listing on NASDAQ with WR Hambrecht +Co as the sole and exclusive underwriter.

San Francisco, CA — WR Hambrecht + Co announces that the Reg A+ IPO for Aricmoto has received qualification from the SEC. Concurrent with the live offering, the Company has begun preparing an S-1 format Form 1-A and Nasdaq Capital Market application in anticipation of a possible public listing of the stock at the conclusion of the offering.

Effective immediately, retail investors can purchase equity in Arcimoto at $6.50 per share and participate in the company’s global mission to catalyze a shift to a sustainable transportation system. That mission serves the public interest around the world through the design, development and manufacture of the Arcimoto SRK everyday electric vehicle, bringing highly affordable, environmentally friendly and extraordinarily efficient transportation within reach of virtually everyone.

Arcimoto Logo

Invest Now

“Our team is excited and honored to support this offering from Arcimoto, because their vehicles hold the potential to create a significant paradigm shift in how we all think about mobility, which could represent a tremendous opportunity for all classes of investors,” said John Hullar, Managing Partner, WR Hambrecht + Co. “We are pleased to represent the Arcimoto Reg A+ IPO and to announce that the subscription period is now open to retail investors.”

“Our thesis since the beginning has been to develop an incredibly fun and highly useful vehicle at a disruptive price point the mass market can afford,” said Mark Frohnmayer, President and founder of Arcimoto. “We believe the Arcimoto SRK will deliver on that vision: our target base model price of $11,900 is about a third of what a typical new electric car costs, and the near universal expression of glee from test drivers prompted us to dub it the world’s first Fun Utility Vehicle. Today we are delighted to announce the availability of Arcimoto shares to the public, and the opportunity for citizens and everyday investors to take part in our mission to move the world towards a sustainable transportation system.”

To purchase shares in Arcimoto please visit the Arcimoto Offering Summary to review the Preliminary Offering Circular and other investor research before investing.

Arcimoto Preliminary Offering Circular

About WR Hambrecht + Co
WR Hambrecht + Co has been focused on opening the investing world to as many people as possible at fair market prices and was instrumental in reforming Regulation A to help accomplish that for growth companies and investors. Its Regulation A+ strategy is a continuation of the Hambrecht legacy of conducting small public offerings for what were once considered high-risk start-ups that are now household names and Fortune 500 companies.

About Arcimoto
Headquartered and manufactured in Eugene, Oregon, Arcimoto is devising new technologies and patterns of mobility that together raise the bar for environmental efficiency, footprint and affordability. Available for pre-order today with a target purchase price of $11,900, Arcimoto’s SRK defines the Fun Utility Vehicle category: it’s the lightest, most affordable and performance-packed electric vehicle suitable for the daily driver. For more information please visit arcimoto.com.

 

WR Hambrecht + Co Raises $12 Million in a Reg A+ Offering for ShiftPixy

July 20, 2017

ShiftPixy Listed on Nasdaq

ShiftPixy Now Listed on Nasdaq: PIXY

WR Hambrecht + Co successfully completed a Regulation A+ offering for ShiftPixy – raising $12 million for the company that is revolutionizing the way shift workers are served. ShiftPixy offers a number of solutions for both part-time workers and employers that fit squarely into the new, explosively growing “Gig Economy.”

WR Hambrecht + Co used its extensive network of broker-dealer partners to place 2 million shares at an offering price of $6.00 per share. Roughly 700 investors contributed at an average size of nearly $17,500 per.

Regulation A+ offerings involve publicly traded shares – and can be listed on national exchanges – ShiftPixy was listed immediately upon the close of the offering and currently trades on Nasdaq.

ShiftPixy faces an enormous opportunity – and was able, through WRH+Co’s marketing efforts, to tell its story to a receptive investor audience – in fact, the stock has performed handsomely – up by over 50% from its offering price. This interest appears to be driving impressive trading volumes – excluding the first day of trading, the running average daily volume is 1.46 million shares. In other words, it’s behaving very much like a conventional, S-1 Offering from a bulge bracket firm.

It is WR Hambrecht + Co’s contention that Regulation A+, introduced as part of the Jumpstart Our Business Startups (JOBS) Act, represents a totally new platform for providing growth capital to promising, early stage companies. And has the potential to stimulate the economy. The Reg A+ format confers several advantages to issuers, including the reach to a broader and greater number of investors. Speed to market is another advantage. Also, costs to the issuer are considerably lower – the combined legal and accounting fees for this recent offering of ShiftPixy tallied substantially less than conventional S-1 offerings that cost well over $1 million.

 

Arcimoto Files for IPO Under Reg A+, Aims to List on NASDAQ

June 22, 2017

Arcimoto Files Reg+ Initial Public Offering

WR Hambrecht + Co Acting as Sole and Exclusive Underwriter for Arcimoto Reg A+ Initial Public Offering

San Francisco (June 22, 2017) — WR Hambrecht + Co announces that Arcimoto® has filed its Form 1-A Offering Circular for the offering of common stock under SEC Regulation A, setting the stage for a potential future listing on the NASDAQ Capital Market. WR Hambrecht + Co is acting as the sole and exclusive underwriter for the Regulation A+ Initial Public Offering for Arcimoto.

Arcimoto was founded in 2007 to catalyze the shift to a sustainable transportation system. The name Arcimoto means “Future I Drive,” and it is the company’s aspiration to devise new technologies and patterns of mobility that raise the bar for environmental efficiency, footprint and affordability. Arcimoto plans to achieve its mission by replacing the global urban and suburban use of 4,000 lb. internal combustion engine vehicles for regular daily trips with the Arcimoto SRK®, a pure electric solution that is a quarter of the weight, a third the purchase cost, and ten times as efficient as the U.S. average passenger car.

The Arcimoto SRK defines the Fun Utility Vehicle™ category. The SRK delivers a thrilling ride experience, exceptional maneuverability, full comfort for two passengers with gear, optimal urban parking flexibility, and ultra-efficient operation — all at an affordable target base model price of $11,900. Arcimoto has taken the SRK from a napkin sketch, through eight generations of product development, to a refined design on the cusp of series production and market availability. As we shift to a self-driving future, the Arcimoto SRK platform will provide the low cost, ultra-efficient foundation for urban fleet autonomy as well.

“Our team is excited and honored to support this offering from Arcimoto, because their vehicles hold the potential to create a significant paradigm shift in how we all think about mobility, which could represent a tremendous opportunity for all classes of investors,” said John Hullar, Managing Partner, WR Hambrecht + Co. “We are pleased to represent the Arcimoto IPO and we look forward to bringing this offering to the NASDAQ market.”

About Arcimoto

Headquartered and manufactured in Eugene, Oregon, Arcimoto is devising new technologies and patterns of mobility that together raise the bar for environmental efficiency, footprint and affordability. Available for pre-order today with a target purchase price of $11,900, the Arcimoto SRK defines the Fun Utility Vehicle category: it’s the lightest, most affordable and performance-packed electric vehicle suitable for the daily driver. For more information please visit www.arcimoto.com.

About WR Hambrecht + Co

WR Hambrecht + Co has been focused on opening the investing world to as many people as possible at fair market prices and was instrumental in reforming Regulation A to help accomplish that for growth companies and investors. Its Regulation A+ strategy is a continuation of the Hambrecht legacy of conducting small public offerings for what were once considered high-risk start-ups that are now household names and Fortune 500 companies.

Legal Disclaimer

No money or consideration is being solicited by the information in this press release or any other communication and, if sent, money will not be accepted and will be promptly returned. No offer by a potential investor to buy our securities can be accepted and, if made, any such offer can be withdrawn before qualification of this offering by the SEC. A potential investor’s indication of interest does not create a commitment to purchase the securities we are offering. Any such indication of interest may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given and all other requirements to accept an investment from a potential investor are met after the offering qualification date.

The offering, after qualification by the SEC, will be made only by means of the Offering Circular. Any information in this press release or any other communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification for sale as provided in Regulation A+ in any such state or jurisdiction.

ShiftPixy Prepares its IPO listing with Nasdaq with Plans to Close its Reg A+ IPO this June

May 31, 2017

ShiftPixy Prepares 2017 IPO Listing

San Francisco, CA – May 31, 2017 – WR Hambrecht + Co announces that ShiftPixy, Inc. (NASDAQ: PIXY) (“ShiftPixy”), has filed an amendment to its Form 1-A Offering Circular for the offering of common stock under SEC Regulation A and plans to list on The Nasdaq Capital Market following the conclusion of the offering. WR Hambrecht + Co is acting as representative underwriter for the Reg A+ Initial Public Offering for ShiftPixy.

“Our team is passionate about growth companies such as ShiftPixy, because they represent a great opportunity for all classes of investors,” said John Hullar, Managing Partner, WR Hambrecht + Co.  “We are pleased to offer Reg A+ IPOs to investors and that ShiftPixy will bring its Regulation A+ offering to the NASDAQ market.”

About ShiftPixy

ShiftPixy is a disruptive human capital management (HCM) services provider, revolutionizing employment in the Gig Economy by delivering a next-gen platform for workforce management that helps shift-based businesses navigate regulatory mandates, minimize administrative burdens, and connect them with a ready-for-hire workforce. With expertise rooted in management’s nearly 25 years of workers’ compensation and compliance programs, ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing Gig Economy. ShiftPixy’s complete HCM ecosystem manages regulatory requirements and compliance with regard to paid time off (PTO) laws, insurance and workers’ compensation, minimum wage increases, and the Affordable Care Act (ACA) as well as other applicable employment related laws and regulations.

ShiftPixy Co-Founder and CEO, Scott Absher, stated that “Everyone has worked very hard over many months to secure qualification of ShiftPixy’s IPO Offering Statement with the SEC.  In anticipation of the SEC’s qualifying our offering in the near future, we are all excited to start our investor roadshow and other sales activities necessary to successfully close our IPO in the coming weeks.”

About WR Hambrecht + Co

WR Hambrecht + Co has been focused on opening the investing world to as many people as possible at fair market prices and was instrumental in reforming Regulation A to help accomplish that for growth companies and investors. Its Regulation A+ strategy is a continuation of the Hambrecht legacy of conducting small public offerings for what were once considered high-risk start-ups that are now household names and Fortune 500 companies.

Legal Disclaimer

No money or consideration is being solicited by the information in this press release or any other communication and, if sent, money will not be accepted and will be promptly returned. No offer by a potential investor to buy our securities can be accepted and, if made, any such offer can be withdrawn before qualification of this offering by the SEC. A potential investor’s indication of interest does not create a commitment to purchase the securities we are offering. Any such indication of interest may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance is given and all other requirements to accept an investment from a potential investor are met after the offering qualification date.

The offering, after qualification by the SEC, will be made only by means of the Offering Circular. Any information in this press release or any other communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification for sale as provided in Regulation A+ in any such state or jurisdiction.

The Offering Circular can be found here: https://www.sec.gov/Archives/edgar/data/1675634/000147793217002404/pixy_1apos.htm.

 

WR Hambrecht + Co Reports on Reg A+ at the SEC’s Advisory Committee on Small and Emerging Growth Companies

May 10, 2017

Rob Malin, Head of Equity Capital Markets, delivered a presentation on the emerging Reg A+ market before the SEC’s Advisory Committee on Small and Emerging Companies (ACSEC) in Washington DC.

Rob Malin

Robert Malin, Managing Director & Head of Equity Capital Markets at WR Hambrecht + Co

Rob Malin reported to the commission on the market reception for Reg A+ offerings and WRH+Co’s experience in bringing emerging growth companies to the market through Reg A+.

WRH+Co has been focused on opening the investing world to as many people as possible at fair market prices and was instrumental in reforming Regulation A to help accomplish that for growth companies and investors.

We expect that WR Hambrecht +Co’s early experience will benefit the entire sector as we build a public track record of successful capital raises under Reg A+ and aim to rebuild the small cap market and gain liquidity for the issuer and investor through listed shares on a public marketplace.

WRH+Co is currently working with several companies on Reg A+ offerings including an active offering for ShiftPixy, which is expected to close this Summer. WRH+Co served as Capital Markets Advisor to Elio Motors for its Reg A+ Mini IPO Elio Motors (OTCQX: ELIO) shares.

Elio Motors Raises Capital with Reg A+ IPO

March 08, 2016

Elio-Motors-Raises-Capital-with-Reg-A-IPO-980x588

Elio Motors is the first US based organization to raise capital using Regulation A+ — WR Hambrecht + Co Serves as Elio Motors’ Capital Markets Advisor

SAN FRANCISCO, CA, March 8, 2016 – On February 19, Elio Motors‘ shares launched on OTCQX. It became the first US-based organization to raise capital using Regulation A+, and also the first to have its shares publicly traded. Nearly $17M in funding was raised on the StartEngine Crowdfunding platform, and those shares are now trading on the OTCQX market. WR Hambrecht + Co serves as Elio Motors’ capital markets advisor and Designated Advisor for Disclosure (DAD), responsible for providing professional guidance on OTCQX requirements, U.S. securities laws, and corporate finance strategy.

WR Hambrecht + Co is currently marketing four new Regulation A+ offerings, acting as sole underwriter for Allegiancy Inc., Aperion Biologics Inc., BeautyKind, and NewsBeat Social.

“We’ve been engaged by a lot of great companies looking to take advantage of the new Regulation A, and I’m glad that we can now get started,” said John Hullar, Managing Partner. “We support the expansion of the Regulation A exemption, because it creates a new option for early-stage growth companies to access public markets through the A+ IPO, which benefits entrepreneurs and Investors, creates jobs and boosts the economy.”

In March 2015, the United States Securities and Exchange Commission (SEC) finalized rules under Title IV of the 2012 Jumpstart Our Business Startups (JOBS) Act, which paved the way for private companies to raise up to $50 million from accredited and non-accredited investors alike. This ruling is known as “Regulation A+.”

These Regulation A reforms will transform and reinvigorate a capital raising for smaller companies, their executives, and their early funders. W.R. Hambrecht + Co., LLC and its founder, Bill Hambrecht, have been longtime advocates for these reforms, and were cited over 40 times in the SEC’s adoption of the rule implementing these changes. WR Hambrecht +Co is now leading the efforts to take advantage of these changes to help numerous great companies obtain the capital they need to survive and grow.

About Elio Motors
Founded by car enthusiast Paul Elio in 2009, Elio Motors Inc. represents a revolutionary approach to manufacturing an ultra-high-mileage vehicle. The three-wheeled Elio is engineered to attain a highway mileage rating of up to 84 mpg, while providing the comfort of amenities such as power windows, power door lock and air conditioning, accompanied by the safety of multiple air bags and an aerodynamic, enclosed vehicle body. Starting MSRP excludes options, destination/delivery charge, taxes, title and registration. Anticipated production date is based upon timely receipt of requisite funding.

About WR Hambrecht + Co
WR Hambrecht + Co was founded in January 1998 to level the playing the field for investors and corporate clients. Like its predecessor firm, Hambrecht & Quist, WRH+Co seeks to identify high prospect growth-stage companies, and then enable access to the capital necessary to fund development, marketing and infrastructure so that these companies can achieve their full potential. WRH+Co’s Regulation A+ strategy is a continuation of Bill Hambrecht’s legacy of conducting small public offerings for what were once considered high-risk start-ups that are now household names and Fortune 500 companies.

Contact Helen Miazga at hmiazga@wrhambrecht.com, or 415-551-3237 or online at wrhambrecht.com.

Disclaimer
These securities are highly speculative. Investing in shares of Elio Motors, Inc. involves significant risks. This investment is suitable only for persons who can afford to lose their entire investment. To obtain a copy of the Offering Circular, go to http://www.eliomotors.com/equity or click here to download directly.

 

What Can We Learn from the Alibaba IPO?

September 15, 2014

Alibaba will soon have its IPO event. Since it is likely to be the largest in history (expected to raise more than $20 billion), it deserves the media attention we see and hear on a daily basis. It is a truly exciting event. All eyes of the professional community will be on the initial pricing of the shares and the early trading.

How a Normal IPO Process Works

There will be a global institutional roadshow with group meetings and one-on-ones with company management for the largest institutions and/or best trading customers of the co-lead managers of the offering. The institutional investor research analysts and portfolio managers will scrutinize the business plan and financial model, asking focused questions in hope of receiving some added insight. Getting this ‘edge’ will help them determine the valuation they are willing to place on the company, which correlates into what they will pay for shares. This marketing period is considered essential for raising interest in the shares and determining price/value.

Alibaba is Not a Normal Issuer

As can already be seen in the case of Alibaba, there is less need to raise interest; the business mass media has done much of this already. In some respects, there may be too much interest in the shares. Individual investors will no doubt have a strong desire to participate in the offering as well.

The question on our minds is:

How is the demand for shares going to be translated into the initial offering price?

In this case, Alibaba management is sophisticated and understands bidding, trading, pricing, auctioning; their business model is based on transactional activity. Likely the Company has built into the process some method to balance their interest with that of the banks and the buyers they bring to the table so they work toward a fair pricing — balancing and aligning incentives between institutional customers of the world’s largest banks and the needs of Alibaba as an issuer.

What can be learned from the Alibaba IPO?

For issuers who do not have the leverage of a company like Alibaba, it can be harder to align interests between buyers and sellers – i.e. the investors and the issuer. While we believe it is important for a company to offer shares so they trade in a stable way in the aftermarket, we do not believe in overly discounting IPO shares. Although a first day ‘pop’ can make for great media headlines, it often disproportionately rewards large banks’ proprietary client base.

We believe it is better to use an auction mechanism to find a market price in a fair and open process. In the case of our OpenIPO® auction, all bids are treated equally with the goal of avoiding a first day ‘pop’ thus attracting long term shareholders and optimizing the total money raised for the issuer.