ManeGain Becomes First Austin Company Approved by the SEC for Reg A+
ManeGain becomes the first company in Austin Texas to be qualified by the SEC to sell registered Series A Preferred Stock to the General Public
AUSTIN, Texas, May 10, 2017 /PRNewswire/ -- ManeGain, the leader in all-natural hair regrowth and rejuvenation technology, has received qualification for its Regulation A+ stock offering. ManeGain becomes the first company in Austin, Texas and the 4th in the state to offer stock directly to the public through this fund-raising vehicle. This release coincides with ManeGain attending the Texas HealthCare Venture Forum on May 3rd, 2017.
Regulation A+ stock is registered with the Securities and Exchange Commission (SEC) and allows startups the ability to sell a company's stock directly to both qualified and non-qualified investors. ManeGain has already done field trials on the efficacy of its HairGrower and the results are impressive: 51 out of 53 people who were experiencing significant hair loss saw major hair growth within 10 to 12 weeks. This amounts to a 96% efficacy rate, which is slightly higher than the company expected.
This money will allow the company to expand to 60 locations in 40 different cities within 12 months, and 200 location in 24 months.
Management has floated approximately 20% of the company with this offering with a pre-money valuation of $17 million. The stock preference is a liquidation guarantee of $5 per share for all investors. The minimum purchase quantity is 200 shares, or $1,000. All investments will be held in escrow until the company reaches $500,000 in stock sales. ManeGain expects to be fully subscribed within 90 days.
ManeGain's filling documents are on the SEC's Edgar site (www.sec.gov/edgar/). The company is using FundAmerica (www.fundamerica.com) to conduct all public purchases of stock, and as its transfer agent and escrow account in compliance with FINRA and SEC rules.
About ManeGain:
ManeGain.com offers its patent-pending HALO Hair Therapy™ through high-end hair salons and spa. The HALO Hair Therapy™ bathes the scalp and hair follicles with natural light energy that reverses hair loss, maximizes keratin production, and generates a stronger, more durable cuticle: essential components for healthy, youthful hair. For more information about ManeGain, you can visit www.manegain.com or call (844) 5-REGROW or email at [email protected].
Jeffrey Fry
CEO & President
ManeGain, Inc.
(512) 632-3080
[email protected]
SOURCE ManeGain
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