Mota Group (warrants) (MOTAW) to Raise $7,000 in IPO

Mota Group (warrants) (MOTAW) expects to raise $7,000 in an IPO on Thursday, June 22nd, IPO Scoop reports. The company plans to issue 700,000 shares at a price of $0.01 per share.

In the last 12 months, Mota Group (warrants) generated $5.3 million in revenue and had a net loss of $3.3 million.

Joseph Gunnar and Axiom Capital Management acted as the underwriters for the IPO.

Mota Group (warrants) provided the following description of their company for its IPO: ” We design, manufacture and market consumer products — from recreational and commercial drones to smart wearables and innovative mobile accessories for smartphone and camera users. We try to identify opportunities where users can benefit from new technology, identify the gaps and areas that can be simplified and enhanced, and develop these opportunities into products. “.

Mota Group (warrants) was founded in 2003 and has 20 employees. The company is located at 60 South Market St., Suite 1100, San Jose, CA 95113, US and can be reached via phone at (408) 370-1248. or on the web at https://www.mota.com.

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