Prong filed $1.47 million in additional commitments

Change: offered +2165% / raised +2165% / placed 100%

prongIn a document filed with the SEC, Prong reported placing an additional $1.47 million worth of equity securities. The company had previously disclosed raising $65,000. So far a total of twenty-nine investors acquired $1.47 million worth of securities. The offering is structured as on-going and indefinite. It was filed under security registration exemption rule 506 for which there is no fundraising cap. This is the first offering of unregistered securities under regulation D reported by Prong.

The company designs accessories for electronic devices. The flagship product of the company is the PocketPlug a mobile phone case for iPhone 4/5 and Galaxy S-III with an integrated charger. The case features retractable prong which enables users to plug the phone directly into an outlet for a quick recharge without using a cord. Additional features include a micro USB port, enhanced audio and quick charging technology. The case is sold for $69.95.

The company is headquartered in New York NY. Prong kept its revenues undisclosed.
The executive team includes Jesse Pliner and Lloyd Gladstone (Co-founders).

Offering recap
Status: Perpetual
Company: Prong
Industry: Other Technology
Amount offered: $1.47 million
Amount placed: $1.47 million
First sale: 01-07-2013
Data as of: 03-18-2014


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