Glydways has filed a notice of an exempt offering of securities to raise $60 Million in New Funding.
According to filings with the U.S. Securities and Exchange Commission, Glydways is raising up to $60 Million in new funding. The federal securities law requires the notice to be filed by companies that have sold securities without registration under the Securities Act of 1933 in an offering made under Rule 504 or 506 of Regulation D or Section 4(a)(5) of the Securities Act. A company must file this notice within 15 days after the first sale of securities in the offering. For this purpose, the date of first sale is the date on which the first investor is irrevocably contractually committed to invest. Each issuer of securities that sells its securities in reliance on an exemption provided in Regulation D or Section 4(a)(5) of the Securities Act of 1933 must file this notice containing the information requested with the U.S. Securities and Exchange Commission (SEC) and with the state(s) requiring it. If more than one issuer has sold its securities in the same transaction, all issuers should be identified in this filing with the SEC.
About Glydways
Glydways is a transportation technology company that is redefining public transit with a new system of small, electric, autonomous vehicles operating on dedicated, narrow guideways separated from regular road traffic. Using self-driving Glydcars that provide direct, on demand, private rides, Glydways offers a congestion free experience that connects people from where they are to where they need to go without transfers, traffic delays, or unwanted shared rides. The company positions its solution as a new category of mass transit that is up to 90% cheaper to build than rail, making it affordable to construct, operate, and scale for cities around the world. Its guideways are designed to be compact and cost effective, enabling high capacity movement of people while significantly reducing infrastructure and operating costs compared with conventional systems. By focusing on accessible, efficient, and affordable mobility, Glydways aims to help cities solve chronic congestion and expand equitable access to housing, jobs, education, healthcare, and community opportunities.
To learn more, visit https://www.glydways.com/
LinkedIn: https://www.linkedin.com/company/glydways
Contact:
Mark Seeger, Co-Chief Executive Officer
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