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;
“This capital raise is a milestone achievement that will allow us to grow quickly and take first-mover advantage at a transformative time in the market, while allowing our new and existing investors to share in the exciting road ahead.”
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.
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