Gunpowder & Lace launched a $750,000 brokered equity offering based on information filed with the SEC. The subscription to the equity offering hasn’t started yet. The offering is structured to remain open until May 2015 or when the fundraising cap is reached, whichever one comes first. The private placement’s expected net proceeds will amount to $730,000 excluding $20,000 paid in brokerage fees by the company. This is the first time the company is filling a security offering under a registration exemption with the SEC.
Gunpowder & Lace manufactures and designs compression garments for women who have a conceal firearm carry permit. The garments are designed to provide slimming attributes while integrating a holster to allow women to carry their firearms.
Gunpowder & Lace, registered in 2014, is headquartered in Lambertville MI. It is led by Shanyn Stewart (President). Revenues on or below $1 million were reported by Gunpowder & Lace.
Company: Gunpowder & Lace
Amount offered: $750,000
Data as of: 05-29-2014