24 Feb First Regulation A+ Deal Starts Trading on OTCQX

Another first for Elio Motors, having now completed their IPO and starting to trade on the OTCQX market under the symbol ELIO. This is the first Regulation A+ deal to trade. Congratulations to all involved in that deal.

Put a pin in this as really the first day in the new life of small and microcap IPOs. Many, like this deal, will be “self-underwritten,” in many ways the true form of crowdfunding. A potential client recently told me they have emails for tens of thousands of their customers. Each could be interested in buying into the IPO they are contemplating. And they intend to go forward without an underwriter. Either way is good!

We remain hopeful that two states’ challenge to the Regulation A+ rulemaking will be resolved in the US Court of Appeals very soon. We also hope that Elio and others to follow will find strong and stable market support for their stocks. This will encourage more of Wall St. to start “feeling the Reg A beat.”