- Texas-based CloudCommerce has filed a Form 1-A with the SEC as it seeks permission to offer up to $20 million in Tier II preferred stock quotable on the OTC market
- The stock would sell at $25 per share, with a minimum of 20 shares ($500) available to interested public investors and an annual dividend of 10 percent with payments made monthly
- CloudCommerce is developing a flagship suite of solutions under the SWARM banner, utilizing artificial intelligence to help businesses identify and appeal to potential new and repeat customers
- Business intelligence is expected to be a $34.3 billion worldwide market by 2022
Business intelligence innovator CloudCommerce Inc. (OTCQB: CLWD) recently announced that it has filed an offering statement with the Securities and Exchange Commission (SEC) in its bid to offer up to $20 million of preferred stock to qualified investors in a Reg A+ public offering.
The Reg A+ offering, sometimes known as a ‘mini-IPO’, provides the general public an opportunity to invest in companies rather than limiting the investment pool to accredited investors. The company benefits from the opportunity to appeal to a large pool of investors that may include its...
NOTE TO INVESTORS: The latest news and updates relating to CLWD are available in the company’s newsroom at http://nnw.fm/CLWD
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