Reticulate Micro Unveils $10M Regulation A Capital Raise
by Clarence Oxford
Los Angeles CA (SPX) Aug 02, 2024

Reticulate Micro, Inc., a company specializing in commercial and defense technology, has announced the launch of its Regulation A stock offering aimed at raising up to $10 million. The funds will support Reticulate's market and product launch efforts, particularly its flagship VAST product, which provides ultra-efficient streaming video and situational awareness in bandwidth-limited environments.

The offering was recently qualified by the Securities and Exchange Commission ("SEC") and is now open to all investors. Priced at $3.50 per unit, each unit includes one share of Class A Common Stock and a warrant to purchase an additional share at $5.50 per share. The minimum investment is set at $700 for 200 units.

Boustead Securities, LLC, a full-service investment banking firm and FINRA member, along with Digital Offering LLC, an investment bank focused on technology and innovation, are leading the transaction.

"We are delighted to launch our capital raise with such an experienced investment banking team who share our vision to democratize our offering to a broad investment pool," said Michael Chermak, Executive Chairman of Reticulate Micro.

Investors can participate through the DealMaker platform, allowing direct investment in Reticulate's stock: https://invest.reticulate.io

The funds raised will be utilized to scale sales, marketing, and operations, invest in new product development, and expand Reticulate's intellectual property portfolio.

"We are excited to leverage the funds from our Reg A Offering to accelerate the development and delivery of our cutting-edge VAST video compression technology, ensuring we stay at the forefront of innovation in national security, healthcare, and critical infrastructure," said Joshua Cryer, President and CEO of Reticulate Micro.

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