Picogrid has filed a notice of an exempt offering of securities to raise $44,999,949.00 in New Funding.
According to filings with the U.S. Securities and Exchange Commission, Picogrid is raising up to $44,999,949.00 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 Picogrid
Picogrid is a defense technology company that builds products to integrate mission-critical systems and turn fragmented sensors, platforms, vendors, and domains into a connected picture. Its core offering connects sensors, unmanned platforms, and digital systems to enable unified control, data flow, and edge-to-cloud operations across land, sea, air, and space. The company says its products are designed for fast deployment and seamless coordination, with capabilities used in defense, space, and public safety missions. Picogrid also describes itself as providing an open integration layer for modern military systems and as delivering infrastructure for mission execution in complex environments. Based in El Segundo, California, the company is a privately held, venture-backed business that has raised funding to expand its platform.
To learn more, visit https://www.picogrid.com/
LinkedIn: https://www.linkedin.com/company/picogrid
Contact:
Zane Mountcastle, Chief Executive Officer
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