Offer Ongoing As Minimum is Reached.
Georgia-based SparkMarket has announced the success of the first crowdfunding campaign on their equity platform. Bohemian Guitars has hit their goal of crowdfunding $100,000, raising money to grow their budding guitar-making business. SparkMarket is calling it a first in the United States.
This campaign is the first in the United States to successfully utilize general solicitation to both accredited and non-accredited investors via a crowdfunding platform in a federal and state registration exempt transaction in over 80 years (since before the Securities Act of 1933), and the first in the Internet age.
— Bohemian Guitars (@BohemianGuitars) October 8, 2013
Bohemian Guitars is a Marietta-based manufacturer specializing in funky, decorative guitars made out of oil cans. They completed a successful Kickstarter campaign earlier this year, raising over $54,000 on a $32,000 goal. Bohemian leveraged SparkMarket to raise money from both accredited and non-accredited investors, capitalizing on the notoriety brought by their successful Kickstarter campaign in the process.
The company’s campaign page on SparkMarket will continue to collect both equity and rewards-based pledges.
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