After launching a $1 million investment round, Bollente International started to receive on September 1st commitments amounting to $200,000 from three investors. So far the company raised 20% of its non-brokered security offering according to the data disclosed. The offering will remain open until September 2016 while an additional $800,000 worth of securities is sold to investors. No offering was previously initiated by the company under a registration exemption with the SEC.
The company is a division of Bollente Companies a manufacturer and marketer of high quality, whole-house, efficient electric tankless water heaters.
Bollente International, registered in 2015, is headquartered in Scottsdale AZ. It is led by Robertson J Orr (President). Revenues remained undisclosed.
Offering recap Status: First close Company: Bollente International Industry: Other Technology Amount offered: $1 million Amount placed: $200,000 SEC filing: Source First sale: 09-01-2015 Data as of: 09-16-2015