Reposted from Elio Motors http://www.eliomotors.com/eliomotorsatlaautoshow
November 25, 2015
As you may have heard from one of our many forms of communication, Elio Motors is at the Los Angeles Auto Show. Saying we had a big week is an understatement. On Thursday the P5 was revealed to a press crowd of approximately 100. Additionally, on Friday Elio Motors received authorization from the Securities and Exchange Commission (SEC) to open an exclusive 7-day window for those who expressed interest during the "Testing the Waters" phase to purchase shares. What this also means is that Elio Motors has launched the largest public stock sale to date under the new Regulation A+, at $25 million. This is a significant milestone in our company’s history and is a huge step in the right direction.
Founder and CEO Paul Elio said of the SEC’s approval, "Our goal is to alter the course of American transportation, and with today’s breakthrough, we are one step closer to this revolution, not just for drivers, but for anyone who believes that a good idea has the power to change the world."
Catch up on these major events in the growth of our company:
Elio Motors Video – Elio Motors unveils the P5 at the LA Auto Show
Gizmag – Elio Motors reveals custom-engined P5 prototype at the LA Auto Show
See the rest of the article and more pictures at