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|Reg A+ Issuer Adomani Trades Higher Following Mini-IPO Crowdfunding Offer|
Last week there were two companies that raised money crowdfunding under Reg A+ and soon followed by trading on a public exchange. Myomo (NYSE:MYO), raised capital on Banq, and then listed on NYSE MKT. The shares have since traded to a high of about $23 / share – a significant increase over the Reg A+ offer. While the shares are quite that high today they still trade higher than their “mini-IPO” offer.
Myomo’s listed was soon followed by Adomani (NASDAQ:ADOM), a company that raised money on FlashFunders and then listed on NASDAQ. Today, those shares are trading higher too. Adomani sold shares under Reg A+ at $5/share. As of this moment, they have doubled.
Adomani is a company that provides renewable energy conversion kits for fleet vehicles. On the first day Adomoni traded, CEO Jim Reynolds stated;
Both companies appear to have benefited to following up the listing of shares with some news. Adomani announced yesterday it has taken delivery of its first All-Electric Type-D School Bus. The 72-passenger bus uses an electric drivetrain and battery technologies that meets certain California and federal requirements. These requirements must be satisfied in order to refer to the vehicle as “zero-emissions” which opens up grant and incentive funding opportunities.
While a few days trading does not make a demonstrative trend it does give early investors a good choice as to whether to get or stay in. For both Adomani and Myomo it now comes down to execution of their business plans.