Apart from the great looking new Brammo website, the internet has a new look on this page, too. That’s a page that shows a new Form D has been filed with the Securities and Exchange Commission (SEC) by Brammo. A Form D is a “Notice of Exempt Offering of Securities” that a company needs to file when it makes a private offering of shares.
Brammo’s Form D, filed today (September 21, 2010), shows that it has $30,000,000 in shares offered, and, of those shares, $12,454,653 worth of shares have already been sold, leaving $17,545,347 left up for grabs. But if you were thinking you might want to invest a couple bucks, or a couple thousand… think again. These kinds of offerings usually require a pretty hefty minimum buy-in (think, a few hundred thousand bucks) along with some other requirements, that are, frankly, too boring to mention here. Trust me… I married a former securities lawyer and she is never as boring as when she starts talking securities.
We’ll look at some of the names on this filing tomorrow, but I wanted to get this news out there (it probably already is), as soon as I could.