MOTA News

Mota Group, which sells drones, electronics, mobile accessories and toys, announced terms for its IPO on Tuesday. The San Jose, CA-based company plans to raise $6.5 million by offering 0.65 million units at a price of $9.99. At that price, Mota Group would command a fully diluted market value of $22 million. Because its post-IPO market cap falls below our $50 million cutoff,...read more

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...read more