If you’ve ever wanted to own part of a boutique motorcycle brand, this might be your chance, as Confederate Motors is looking to raise $1 million via a private stock offering. In total, 5 million shares of Confederate stock will be made available for purchase, which means each unit of stock will be priced at $0.20 a pop.
Before you start emptying out your wallet though, the offering is made under Rule 506 of Regulation D, which means there are several restrictions on the purchase, including the fact that you will have to be an accredited investor – i.e. a financial institution or a person of wealth.
Confederate says it plans to use the money raised to increase production to two bikes a day, from the company’s Alabama factory.
“With this offering, we will expand the Art of Rebellion with new models and new markets to further the most dynamic brand in American motorcycle history,” said H. Matthew Chambers, CEO of Confederate Motors, Inc.
Source: Confederate Motors