The online division of TriPoint Global Equities has completed the first Regulation A+ offering to directly list onto a national securities exchange via the JOBS Act. Along with TriPoint Global Equities, BANQ was the lead managing selling agent and bookrunner for commercial stage robotics company Myomo.
Myomo designs products to improve the mobility of people suffering from neurological disorders and upper limb paralysis. The company says it has developed a noninvasive technology which restores a person’s ability to use partially paralyzed or weakened arms and hands. It is exclusively licensed from MIT.
Myomo’s common stock is scheduled to begin trading on the NYSE MKT June 12 under the symbol MYO.
Darren Marble’s CrowdfundX provided digital marketing services. An industry leader in the Regulation A+ space, CrowdfundX is also involved with the marketing for Elio Motors and Ronn Motor Group. Rushing PR provided public relations services, PCG Advisory Group issuer/investor relations, Duane Morris LLP issuers’ counsel and Taubman Fischer & Li LLC underwriters’ counsel.
TriPoint CEO Mark Elenowitz has been a strong advocate for Regulation A+ and the JOBS Act, making regular appearances at industry conferences. His recipe of combining traditional Wall Street investment banking with crowd-focused digital media and communications allows issuers to reach a larger audience.
“The Myomo offering was pioneering and sets the stage for small-cap issuers to access the capital markets in the modern age of U.S. capital formation,” Mr. Elenowitz said. “I want to personally thank all the advisors, syndicate members and the management team for their hard work and dedication in completing this historic offering. In addition, we applaud the NYSE in their vision and support for bringing back the small-cap IPO.”