Form D · Manufacturing
Ayro, Inc.
Round Rock, TX · CIK 0001798106
Offering snapshot reported Jan 3, 2020 · SEC filing
- Reported sold
- $1M Indefinite offering
- Investors reported
- 5 Form D · investor count
- Minimum accepted
- $0 Reported outside-investor minimum
- First sale
- Dec 19, 2019 As reported in this filing
What changed?
Latest filing versus its linked predecessor, where available.
No comparable changes in the displayed metrics.
Filing history
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| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| Jan 3, 2020 | Initial | $1,000,000 | No comparison | 5 | SEC filing |
Offering details
- Securities
- Debt, Option to acquire, Security to be acquired
- Exemptions
- 06b
- Duration over one year
- Yes
- Business combination
- Yes
- Sales commissions
- $80K (estimated)
- Finders' fees
- $25K (estimated)
- Form D file number
- 021-357152
$1M convertible term loans and indefinite amount representing exercise price of warrants to be issued on merger. Pre-merger, term loans convert to Ayro common stock and Ayro agrees to cause DropCar to issue warrants for DropCar common stock post-merger.
$40K of Sales Commissions contingent on close of the merger referenced under Item 10, Finders' Fees expenses payable up to $25K (still undetermined) and additional compensation of an aggregate of 7% of identical warrants issued in the transaction.
Sales compensation recipients
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| Recipient | CRD | Associated broker-dealer |
|---|---|---|
| Palladium Capital Advisors, LLC | 129400 |
Source: Form D, filed Jan 3, 2020. Minimum accepted may differ from a standard advertised minimum.
Fund connections
No confirmed ADV fund connection is available for this issuer.
People & organizations
Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.
| Name | Reported role |
|---|---|
| Mark Adams | Director |
| Rodney Keller | Executive |
| Christian Okonsky | Director |
| Curtis Smith | Executive |
Issuer details
Industry: Manufacturing (See others in industry)
Address:
900 E. Old Settlers Boulevard Suite 100
Round Rock, TX, 78664
Round Rock, TX, 78664