According to filings with the U.S. Securities and Exchange Commission, Phase Four is raising up to $19,771,765.00 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 Phase Four
Based in Hawthorne, California, Phase Four is enabling the exponential growth of satellite constellations by solving the satellites costliest problem, the propulsion system. By eliminating the most common failure points in legacy technologies electrodes, high-voltage electronics, and complex fabrication Phase Four has built a system that offers reliable high performance with baked-in manufacturability. Our systems provide Hall Effect Thruster performance at a fraction of the price and delivery timeline, with nearly double the lifespan.

To learn more about Phase Four, visit http://www.phasefour.io/
Phase Four Linkedin Page: https://www.linkedin.com/company/phase-four/

Contact:
Stephen Kiser, Chief Executive Officer
310-648-8454
https://www.linkedin.com/in/steve-kiser-8857a2b/

SOURCE: http://www.intelligence360.io
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