Boustead Securities Client ADOMANI First to IPO on NASDAQ Under the Jobs Act Regulation A+. Shares Up 92%.
June 19, 2017
Boustead & Company Acquires FlashFunders After First-Ever Reg A+ Nasdaq IPO
August 29, 2017
Los Angeles, CA — August 28, 2017 — Boustead & Company Limited, a diversified financial services firm with offices in Los Angeles, London and Beijing, today announced that it has completed the acquisition of FlashFunders, Inc. and its four vertically-integrated subsidiaries. FlashFunders is designed to help companies raise capital, and through its subsidiaries, is the only company to be authorized and regulated as a FINRA-registered Broker/Dealer, a FINRA-registered funding portal, a securities clearing firm, a transfer agency, and an SEC-exempt reporting advisor. FlashFunders and another Boustead & Company subsidiary, Boustead Securities, LLC, recently teamed up to make history in completing the first-ever Regulation A+ IPO to list on Nasdaq, ADOMANI, Inc. (Nasdaq: ADOM).
The purchase of FlashFunders and its subsidiaries builds on Boustead’s commitment to creative, end-to-end financial solutions for issuers while identifying quality opportunities for investors. “FlashFunders has what we believe to be the most technologically advanced and regulatory compliant funding platform,” said Boustead & Company Founder and CFO Keith Moore, who is also CEO of Boustead Securities. “By connecting the Boustead Securities investment banking team with a powerful platform like FlashFunders, we can provide a wide range of services to issuers, other broker dealers, securities attorneys, and advisors helping companies raise money.”
"FlashFunders’ platform is built with the technology and regulatory infrastructure to facilitate any type of distributed securities offering. Combined with the Boustead team’s expertise, the FlashFunders platform takes traditional capital raising practices and leverages powerful software to market and sell securities on the web to investors literally across the globe,” said FlashFunders' President and Co-Founder Brian Park.
Boustead Securities and FlashFunders proved their collaborative capabilities with ADOMANI, the best-performing IPO thus far in 2017. ADOMANI was listed on the FlashFunders online funding portal while Boustead Securities brought investors to the Reg A+ fundraise and served as lead underwriter for this groundbreaking IPO.
FlashFunders is an online platform that enables companies to publicly raise capital from everyone, including accredited investors, non-accredited investors, and international investors. FlashFunders has built the technology and regulatory infrastructure to facilitate any type of distributed securities offering including Reg A+, Reg D, and Reg CF. As a FINRA registered Broker-Dealer, Clearing Firm, Funding Portal and Transfer Agent, FlashFunders and its subsidiaries provide an end-to-end resource for companies raising capital. https://www.flashfunders.com