|By Business Wire||
|July 28, 2014 08:16 AM EDT||
ieCrowd, the discovery-to-market commercialization platform for innovations that solve global challenges, and BANQ, the electronic investment-banking platform that matches accredited investors with alternative investment opportunities, a division of TriPoint Global Equities, today announced that ieCrowd will be the initial company BANQ has selected to raise capital through a private placement offering on the BANQ platform.
Historically, access to private placements has been limited to only a few select investors. Opportunities for individuals were limited due to regulations restricting mass marketing of these types of offerings. As individuals have become more savvy investors, as a result of social media and greater access to information and data, being left out of these opportunities has become a bigger concern for many.
Utilizing the new general solicitation and advertising rules promulgated by the SEC in response to the passage of the Jumpstart Our Business Startups (JOBS) Act of 2012, BANQ is leveling the playing field by widely marketing and granting access to offers that were previously shared with only a limited number of investors and institutions. Officially launched today, BANQ is delivering a technology platform that provides accredited, individual investors early and expanded access to exciting investment opportunities with emerging companies in rapidly growing industry sectors. The principals behind this division of a New York-based FINRA member Broker-Dealer registered with the SEC have more than 25 years of capital markets and investment banking experience.
BANQ’s platform takes the entire public and private offering process online and provides instantaneous confirmation of all investment transactions. BANQ offers access to registered public offerings, like IPOs and secondary offerings, and private placements like ieCrowd’s. In addition, it offers low-priced trading commissions, as low as $0.99 and $3.95 per trade. By charging a low commission, BANQ is making investing even more accessible to the growing number of individual investors.
As a company dedicated to providing greater access to unique and innovative companies, ieCrowd was a natural choice for BANQ’s first transaction. ieCrowd’s business model offers a unique opportunity for qualified investors to invest in some of the world’s most promising discoveries developed by world class research universities and institutions, while mitigating some of the inherent risks typically associated with early stage ventures. The company identifies innovative life and health technologies developed by top-tier universities and innovators, obtains the exclusive rights to such innovations, and then rapidly mobilizes a business infrastructure to bring these disruptive technologies to the global market. By leveraging a network of global partners, along with a dedicated team with extensive business and product development experience, ieCrowd is able to offer a unique, diversified and efficient investment platform to qualified investors with an appetite for “doing good and doing well.”
By partnering together, ieCrowd and BANQ are able to bring the world’s newest life sciences and healthcare discoveries sourced from some of the top research universities directly to investors. Through its unparalleled transparency and access, BANQ is challenging the status quo of investment banking, empowering individual investors and forever changing the way individuals gain access to some of today’s most innovative companies.
“We’re thrilled to offer our investors an unparalleled opportunity to get involved with ieCrowd early in the company’s growth stage,” said Mark H. Elenowitz, CEO and founder of BANQ. “BANQ is positioned to become a premier investment portal, providing secure, seamless and compliant introductions of accredited investors to high-growth companies and alternative investment opportunities, such as ieCrowd, and we’re excited to launch the platform to the investing public.”
“BANQ is an ideal partner for ieCrowd with the right team and a pioneering platform which will help us meet immediate goals, and enable us to ultimately implement our vision to democratize investing in early stage promising discoveries,” stated Amro Albanna, founding chairman and CEO of ieCrowd. “Continued funding is critical as we accelerate our acquisition and development of life and health innovations. We are excited about this opportunity to offer our private placement through BANQ and believe that this is just the start of many great initiatives to come.”
To learn more about ieCrowd’s private placement offering, please visit www.banq.co.
ieCrowd transforms breakthrough life and health discoveries into global solutions that have the potential to impact the lives of people around the world. ieCrowd's platform combines entrepreneurship and the collective power of the Crowd. It follows a three-pronged approach by working with top-tier research universities to identify breakthrough discoveries, mobilizing a business infrastructure to rapidly develop innovations into solutions and launching products to a global market via strategic partners. The Crowd plays an integral role in each stage of ieCrowd’s mission to solve global challenges – from crowd-sourced innovations to crowd-funding, and crowd-supported product development to crowd-sourced market solutions. Founded in 2010, ieCrowd has established a global ecosystem of institutions, government agencies, universities, non-profits, companies and individuals – all committed to supporting ieCrowd’s vision and mission. For more information about ieCrowd visit www.iecrowd.com.
About TriPoint Global Equities and its division BANQ
TriPoint Global Equities, LLC, ("TriPoint"), is a FINRA member and leading boutique full service investment bank that provides companies with capital raising and corporate and strategic advisory services. TriPoint has created BANQ, a newly launched division that is an electronic investment banking platform that streamlines the matching of accredited investors with quality growth companies and alternative investment opportunities. BANQ provides accredited investors access to exciting companies with exposure to rapidly growing sectors and new technologies. BANQ takes the entire public and private offering process digital and online, providing access to U.S. opportunities and offerings in the U.S. markets. BANQ widely markets its offerings utilizing the new general solicitation and advertising rules promulgated by the U.S. Securities & Exchange Commission, in response to the passage of the JOBS Act of 2012. In addition BANQ will offer some of the lowest trading costs in the industry at $.99 and $3.95. TriPoint Global maintains specialized practices in institutional private placements, sales and trading, mergers and acquisitions, and corporate finance. TriPoint has offices in New York City, Jericho, NY, Akron, OH, Beijing, China and Washington, D.C. For more information on TriPoint and BANQ, visit www.banq.co and www.tripointglobalequities.com.
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