Elon Musk issued a string of tweets on Tuesday about possibly taking Tesla private at $420 a share. Tesla shares surged more than 10 percent after being halted for more than an hour on Tuesday. Privatizing Tesla would allow the electric vehicle maker to make big changes without disappointing shareholders, or signaling plans to competitors.
Wefunder supports three different federal laws that allow startups to raise money legally. To comply with the law, Wefunder Advisors LLC and Wefunder Portal LLC (both owned by Wefunder Inc) also list startups depending on the regulation used.
Legal May 16th 2016
Wefunder Portal LLC
for 458 startups
Wefunder Advisors LLC
for 126 startups
for 3 startups
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Some fine print: 1) These numbers include startups currently live on Wefunder if they pass their minimum target. 2) Some startups use two different laws at the same time (i.e., Regulation D and Regulation Crowdfunding).
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