You’ve likely seen Saleen’s wild interpretations of the Ford Mustang and F-150 and may have even considered buying one, but how about buying a chunk of the company itself instead? The iconic tuning shop has announced the next phase of its investment program, selling $1 shares in its Regulation A offering with a $500 minimum investment.
Regulation A allows smaller companies to raise capital without undergoing the expensive process of registering with the SEC. It’s also part of the reason why Saleen can sell shares to everyday people instead of focusing solely on accredited investors. Still, if you’re hoping to get a piece of the action, tread carefully because there’s absolutely no way to tell if buying shares will be profitable. The fine print of the investor website even notes, “Saleen Automotive, Inc. is operating at a loss, and if it does not obtain adequate capital funding or improve financial performance, it may not be able to continue as a going concern.” That said, the company expects a solid year.