A $1 million unregistered mezzanine investment round initiated by Briggs & Thatcher (DBA ZON Technology) was subscribed by twelve financial backers. According to the information disclosed, the placement started on April 29th and was fully subscribed. No offering was previously initiated by the company under a registration exemption with the SEC.
The company developed and markets Powersol. Powersol is an umbrella featuring a sun-powered charging station for up to three mobile devices. The umbrella is fitted with sixteen solar panels which charge a battery tower featuring intelligent sensing charging ports. The company plans on developing other solar-powered devices.
The company was registered in 2012 and has its headquarters located in Manhattan Beach CA.
The executive team includes Cameron Wilson and Sarah Akin.
The board of directors includes Brian Healy, Harrison Clay and Robert M Akin.
Company: Briggs & Thatcher
Amount offered: $1 million
Amount placed: $1 million
First sale: 04-29-2014
Data as of: 05-13-2014