Cordlex disclosed in an SEC filing, launching a $1 million non-brokered equity financing round. The placement is structured to close in March 2015 should the fundraising target not be reached. The company didn’t report selling securities thus far. This is the first time the company is filling a security offering under a registration exemption with the SEC.
The company develops a suite of products based on its patent-pending wireless charging technology platform. The company designed a wireless charging device for smart phones. The device includes a phone charging case and a choice of charging pads either for stationary charging or a cradle for the car. The phone just needs to be placed on the pad (regardless of position or orientation) to start recharging.
Tulgabaatar Dashdorj (Co-founder and CEO) leads the Stanford CA based company which was registered in 2013. Cordlex elected to keep its revenues undisclosed.
Industry: Other Technology
Amount offered: $1 million
First sale: 03-11-2014
Data as of: 03-11-2014