(PRESS RELEASE) NEWPORT BEACH, CA – PogoTec, Inc. (the “Company” or “PogoTec”), an innovator in wearable devices, announced that its Regulation A+ Initial Public Offering of up to $32 million has been qualified by the SEC. The Company has filed a NASDAQ Capital Market application in anticipation of a possible public listing of the stock at the conclusion of the offering. The application is subject to approval by the NASDAQ Stock Market LLC.
Effective immediately, retail investors can purchase equity in PogoTec at $11 per share and participate in the company’s mission to transform the way consumers capture and share images and videos from their surroundings.
WR Hambrecht + Co is acting as the sole and exclusive underwriter for PogoTec’s Regulation A+ Initial Public Offering. PogoTec will also be using Fundable.com to crowdsource the offering at www.fundable.com/pogotec.
In November 2017, the company began selling PogoCam, the world’s smallest and lightest attachable eyewear camera that unobtrusively attaches to virtually all eyewear, so users can capture and share the world from their point of view. This product is positioned at the intersection of three dynamic multi-billion dollar markets – wearable devices, digital photography and eyewear.
“The company commits substantial resources to research, develop and protect the intellectual property of forthcoming innovations in camera technology, augmented reality and wireless power,” said Chief Commercial Officer Joshua Schoenbart. “PogoTec plans to be a leader in lifestyle technology solutions enhancing people’s lives while preserving consumer style preferences and going public will help fuel our growth.”
PogoTec’s additional proprietary product solutions include PogoLoop, a universal connector that allows PogoCam to attach magnetically to virtually all eyewear, and PogoTrack, an elegant metal track embedded in the temple arm of modern eyewear to allow PogoCam and other wearable devices to attach and detach magnetically to PogoTrack frames. PogoTec has licensed PogoTrack to three global frame manufacturers, including ClearVision Optical, FGX International and Argus Vision.
“WR Hambrecht + Co is delighted to support the PogoTec team in its mission to create a new and innovative platform for wearable technology” said John Hullar, Managing Partner, WR Hambrecht + Co. “With its capable management team, its strong manufacturing and distribution partners, and a broad patent portfolio, we expect PogoTec to be a leader in wearable technology beginning with its first product, PogoCam, and continuing with other innovations in augmented reality and wireless power.”
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