Elio Motors Facing Make-Or-Break $100M Bid Through IPO

By Jon LeSage Elio Motors is seeking $100 million on Wall Street to salvage its hopes to produce its frugally priced, three-wheel, 84 mpg car.
The startup filed with the U.S. Securities and Exchange Commission on Aug. 3 to have an initial public offering for its common stock. Elio stock will be traded on the Nasdaq stock exchange.
Elio needs the cash to stabilize its deteriorating financial condition and bring its product to market. In the SEC filing, the company said that the three-wheeler will come out in 2019 at the earliest from its Shreveport, La., plant.
The base price, previously stated at $6,800, will now

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