CHARLOTTE—Telecommunications company Airwavz Solutions Inc.has filed to raise $2.03 million in equity, according to a Securities and Exchange Commission filing. The company has raised $1.59 million so far from 22 investors.
Charlotte-based Airwavz Solutions offers products to help wireless companies increase capacity and coverage in their networks. It was incorporated in 2013 and has offices in Atlanta, Houston and Minneapolis.
Airwavz Solutions, which was previously based in Durham, claimed a Rule 506 (b) exemption. Companies relying on the Rule 506 exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.
Other than payment of salaries and other compensation and benefits, no officer, director, manager or promoted will receive any payments from the proceeds of the offering.
See the SEC filing here: http://sqoop.com/details/sec/0001597791-16-000004#form
This story is from the North Carolina Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism
