Confederate Motors (CFED) 0.1100 $CFED
Confederate Motors, Inc. Announces $5 Million 506(c) Private Placement Offering
PR Newswire - Wed Nov 26, 7:00AM CST
Confederate Motors, Inc. (OTCBB: CFED), makers of exotic American motorcycles, announced today that it has initiated a $5 million 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 will use the proceeds from the Offering for general corporate purposes including the costs associated with manufacturing and selling its line of premium motorcycles, including inventory, working capital, design and marketing. H. Matthew Chambers, Confederate Motors, Inc.'s Chairman and Chief Executive Officer stated, "For twenty-three years, our company has defined American exceptionalism by designing and crafting the world's most iconic and substantive motorcycles. We are excited to offer investors this unprecedented opportunity to purchase up to 8,000,000 shares of our common stock and become a stakeholder in our company."
Confederate Motors, Inc. Announces $5 Million 506(c) Private Placement Offering
PR Newswire - Wed Nov 26, 7:00AM CST
Confederate Motors, Inc. (OTCBB: CFED), makers of exotic American motorcycles, announced today that it has initiated a $5 million 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 will use the proceeds from the Offering for general corporate purposes including the costs associated with manufacturing and selling its line of premium motorcycles, including inventory, working capital, design and marketing. H. Matthew Chambers, Confederate Motors, Inc.'s Chairman and Chief Executive Officer stated, "For twenty-three years, our company has defined American exceptionalism by designing and crafting the world's most iconic and substantive motorcycles. We are excited to offer investors this unprecedented opportunity to purchase up to 8,000,000 shares of our common stock and become a stakeholder in our company."
