Switchyards has filed a notice of an exempt offering of securities to raise $15,200,000.00 in New Funding.
According to filings with the U.S. Securities and Exchange Commission, Switchyards is raising up to $15,200,000.00 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 Switchyards
Switchyards is recognized as the world’s first neighborhood work club, offering members-only spaces designed for focused and productive work in convenient, walkable residential areas. These clubs provide an alternative to traditional offices and coffee shops, blending elements of both to create a third place for work. Members benefit from 24/7 access, high-speed internet, unlimited coffee and tea, and a variety of work environments including bustling cafe areas, quiet library zones, and bookable phone booths and meeting rooms. Since its inception in 2019, Switchyards has expanded to numerous locations across cities like Atlanta, Nashville, and Charlotte, with ambitious plans for significant growth, aiming for 200 new clubs in the next five years. The company emphasizes a consumer-centric approach, distinguishing itself from traditional co-working spaces by focusing on the evolving preferences of remote and hybrid workers.
To learn more about Switchyards, visit https://switchyards.com/
Switchyards Linkedin Page: https://www.linkedin.com/search/results/companies/?keywords=Switchyards
Contact:
Michael Tavani, Chief Executive Officer
770-722-8258
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