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PogoTec files statement to launch IPO
PogoTec announced that it filed an Offering Statement on Form 1-A with the Securities and Exchange Commission to launch a Regulation A+ initial public offering.
The filing came on the same day the company announced the availability of PogoCam, a camera that can attach to nearly any eye wear, according to a press release.
By taking advantage of the intersection of consumer habits and eye wear, the company believes that PogoTec is poised to establish an enthusiastic user base with its PogoCam that will be interested in future products, the company said in the release.
PogoTec’s long-term business strategy includes leveraging a loyal and strong base of advocates to drive new users and creating versatile products that can be used for everyday moments and a variety of occasions and activities, according to the release.
To date, PogoCam has filed 166 provisional patent applications that have been collapsed into 47 (32 provisional and 15 pending non-provisional) pending U.S. utility patent applications and 54 pending foreign utility patent applications.
WR Hambrecht + Co. is acting as the sole and exclusive underwriter for the Regulation A+ Initial Public Offering for PogoTec.
PogoTec scores highly on WR Hambrecht + Co’s proprietary screens for its potential to disrupt its category, according to John Hullar, managing partner, WR Hambrecht + Co., in the release.
PogoTec Inc. is a privately-owned company with a core initiative to enable electronic wearable devices, with a focus on eye wear.