Mota Group, which sells consumer electronics, drones, mobile accessories and toys, filed on Wednesday with the SEC to raise up to $23 million in an initial public offering.
The San Jose, CA-based company was founded in 2003 and booked $4 million in sales for the 12 months ended June 30, 2016. It plans to list on the Nasdaq under the symbol MOTA. Mota Group filed confidentially on August 2, 2016. Joseph Gunnar & Co. is the sole bookrunner on the deal. No pricing terms were disclosed.
