Legal Blog

Offit Kurman Represents Geostellar in Regulation Crowdfunding Capital Raise

Offit Kurman business law and transactions attorneys Daniel Casto and Michael Petrizzo represented Geostellar in a recent capital raise that leveraged newly enacted securities-based crowdfunding options. In accordance with Regulation Crowdfunding, issuers can obtain up to $1.07 million every 12 months from a diverse group of investors so long as certain requirements are met. More information regarding the offering currently underway can be found on the crowdfunding portal’s website which may be accessed at https://republic.co/geostellar.

 

“Geostellar is a successful, well-funded emerging company proud to call the State of West Virginia its home,” said Mr. Casto. “We were pleased that Geostellar chose the team at Offit Kurman to represent it in its latest funding round. We continue to expand our offerings and reach and are pleased to be able to offer sophisticated legal services to the leading emerging companies in the Mid-Atlantic region.”

 

Headquartered in Martinsburg, WV, Geostellar provides a patented solar energy platform that tailors an installation, equipment and financing plan to best meet the unique needs of each individual home and business customer. Geostellar sponsors Solar Clubs around the country, which serve to reduce the cost of solar energy and increase the savings on electricity bills. Solar energy is more affordable than grid electricity over much of the United States, and serves to reduce greenhouse gas emissions. The company’s partners include 3M, Cisco, Intuit, the World Wildlife Fund, National Geographic, Johnson & Johnson, Etsy, AAA, and Bosch.

 

“Dan, Mike and the rest of the Offit Kurman team have served as an incredible resource for Geostellar, from the moment we first considered Regulation Crowdfunding to the launch of our offering,” said David Levine, Geostellar founder & CEO. “We look forward to a long, successful relationship as we grow our company and expand our offerings.”

 

Offit Kurman offers comprehensive legal services for individuals and organizations seeking to grow their businesses during every stage of the business life cycle. The firm has successfully advised and represented clients in complex finance and capital matters, as well as ownership transitions through mergers and acquisitions. With offices throughout the Mid-Atlantic, Offit Kurman is well-positioned to meet the needs of dynamic companies in burgeoning industrial regions in Maryland, Virginia, Pennsylvania, and more.

 

To find out more about Offit Kurman's M&A practice representing buyers and sellers in the mid-market, and for news about recent deals, click here.

 

To contact Mr. Casto, click here. To contact Mr. Petrizzo, click here. For more M&A and Offit Kurman content, including videos, click here.

Recently investment company Raymond James issued a report regarding Geostellar.  See the Research report from Pavel Molchanov, here 

 

ABOUT OFFIT KURMAN's M&A PRACTICE

Offit Kurman offers comprehensive legal services for individuals and organizations seeking to grow their businesses during every stage of the business life cycle. The firm has successfully advised and represented clients in formation, contract, compensation, and finance and capital matters, as well as ownership transitions through mergers, acquisitions, and other transactions and agreements. With offices throughout the Mid-Atlantic, Offit Kurman is well-positioned to meet the needs of dynamic companies in burgeoning industrial regions in Maryland, Virginia, Pennsylvania, and more.

To find out more about Offit Kurman's M&A practice representing buyers and sellers in the mid-market, and for news about recent deals, click here.

ABOUT OFFIT KURMAN

Offit Kurman is one of the fastest-growing, full-service law firms in the Mid-Atlantic region. With over 140 attorneys offering a comprehensive range of services in virtually every legal category, the firm is well positioned to meet the needs of dynamic businesses and the people who own and operate them. Our eleven offices serve individual and corporate clients in the Virginia, Washington, DC, Maryland, Delaware, Pennsylvania, New Jersey, and New York City regions. At Offit Kurman, we are our clients’ most trusted legal advisors, professionals who help maximize and protect business value and personal wealth. In every interaction, we consistently maintain our clients’ confidence by remaining focused on furthering their objectives and achieving their goals in an efficient manner. Trust, knowledge, confidence—in a partner, that’s perfect.

You can connect with Offit Kurman via our Blog, Facebook, Twitter, Google+, YouTube, and LinkedIn pages. You can also sign up to receive Law Matters, Offit Kurman’s monthly newsletter covering a diverse selection of legal and corporate thought leadership content.

MARYLAND | PENNSYLVANIA | VIRGINIA| NEW JERSEY | NEW YORK | DELAWARE | WASHINGTON, DC