Represented XY – the Findables Company in connection with filing a Form 1-A with the U.S. Securities and Exchange Commission pursuant to “Regulation A+” equity crowdfunding initiative under Section 3(b) of the Securities Act of 1933, as amended. The offering circular covers the offer and sale of up to $10 million of shares of XY Class A common stock. XY intends to use the net proceeds from the offering for general corporate purposes, including working capital and product scaling. As of June 28, 2016, prospective investors have submitted non-binding indications of interest for the offering of approximately $2.2 million.
XY builds Findable™ products that consist of mobile apps and a Bluetooth Finder that leverage the Internet of Things to make real-world items “findable” through electronic and/or mobile means. Read full press release.