Electric Vehicle Chargers

Sunspeed Enterprises Announces DPO

By on Mar 23, 2015 in Company News, Electric Vehicles |

Sunspeed Enterprises, in an effort to kick start its ambitious plan to build an electric vehicle charging station network through coastal California, announced it is offering 250,000 shares of its common stock via a direct public offering (DPO) to California residents to help raise funds for development of The Pacific Coast SunTrail Route.

The SunTrail Route, which will stretch from Malibu to Eureka on California’s Pacific Coast Highway, will have up to 40 EV charging station hubs in between the two endpoints.

Pacific Coast SunTrail

Pacific Coast SunTrail

“The direct public offering will provide new sources of funding required for us to aggressively move forward with our plan,” said Richard Sachen, founder and CEO of Sunspeed Enterprises.  “An injection of new capital, combined with our current funding and grants, will allow us to hit the market with increased momentum.”

The offering is open to California residents only, with a minimum investment of $2,000. Sunspeed Enterprises is offering 250,000 shares of its common stock at $12 per share.

For additional information on the DPO or to download an offering memorandum, please visit SunspeedEnterprises.com or CuttingEdgeX.com. As with any investment, there are risks, which are described in the offering memorandum; please read it carefully before investing.

Funds raised from the DPO will go to a variety of business functions including, but not limited to: purchase and installation costs of EV chargers and related equipment, advertising and marketing expenses, site lease agreements, and personnel expenses.
DISCLAIMER: These securities are offered only to California residents who meet certain suitability standards and other requirements pursuant to the Department of Business Oversight permit #APP-1305.
THE COMMISSIONER OF THE DEPARTMENT OF BUSINESS OVERSIGHT OF THE STATE OF CALIFORNIA DOES NOT RECOMMEND OR ENDORSE THE PURCHASE OF THESE SECURITIES.