FlashFunders Claims First Close Under Reg CF with MobileSpike

mobilespikeMobileSpike was one of the very first companies to offer securities under Reg CF when it became actionable on May 16th. Now it is one of the first to close its funding round on FlashFunders.

MobileSpike is a company that produces a new concept for law enforcement officers to manage pursuits.  The company has created a vehicle-mounted, retractable, in-motion tire-spiking system.  MobileSpike believes their product is a natural replacement to manual spike strips which are typically in use today.

MobileSpike filed its form C on May 16th seeking a minimum raise of $50,000. Last Friday, it closed at just over $112,000 funding by 151 investors.

vincent bradleyVincent Bradley, co-f0under and CEO of FlashFunders commented on their first close;

“With Title III having gone into effect just over two months ago, we’ve already seen traction within the FlashFunders community, and growth in the equity crowdfunding space as a whole. FlashFunders closing the first equity crowdfunding deal under the SEC’s new JOBS Act regulations marks a significant company and industry milestone and indicates a hopeful future for alternative financing and investing. The listing company, MobileSpike, raised over $112K from 151 investors in 60 days using FlashFunders’ online platform. This accomplishment only marks the beginning, and we will continue to work tirelessly to help other small businesses convert their loyal communities into stakeholders, and provide everyday Americans with the investment tools they need to support businesses they believe in.”

The MobileSpike offer was for Flash CF Preferred shares in the company. MobileSpike is also offering shares under Reg D.

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