14% of OnCore Golf Technology‘s $1 million unregistered private offering was placed one month ago. The non-brokered equity securities were subscribed by three investors. The first close garnered $140,000. An additional $860,000 in funding is to be raised until the offering draws to a close in March 2015. The company is filing for the first time a security registration exemption with the SEC.
The company is a designer and manufacturer of golf balls. The company’s OnCore Maximum Accuracy 1.0 golf ball features a high strength hollow metallic core combined with ultra-high performance polymer composite blends in the mantle layer. This proprietary construction, according to the company, shifts the ball’s weight to the perimeter, increasing the moment of inertia and reducing sidespin. The result is a straighter drive, more accurate iron shots, and laser-straight putts.
The company, headquartered in Buffalo NY, is led by Keith A Blakely (Chairman). Revenues on or below $1 million were reported by OnCore Golf Technology.
The board of directors includes Keith Allen Blakely.
Status: First close
Company: OnCore Golf Technology
Amount offered: $1 million
Amount placed: $140,000
First sale: 03-19-2014
Data as of: 05-16-2014