Now you can own a piece of TerraCycle
Wednesday, 07 February, 2018
TerraCycle US, the US subsidiary of global recycling company TerraCycle, has announced that its $25 million Regulation A offering has been qualified by the US Securities and Exchange Commission (SEC), thereby allowing anyone the opportunity to invest in the company.
Using third-party logistics and facilities, TerraCycle converts collected waste into raw materials that are sold to and used by manufacturers to create new products. Examples of waste streams collected and recycled by the company include chip bags, coffee capsules, cigarette butts, oral care, beauty care, writing utensils and over 100 other waste streams in the United States.
“Our mission at TerraCycle is to eliminate waste, recycle the unrecyclable and use our innovative business solutions to minimise human impact on the planet,” said TerraCycle CEO Tom Szaky. “During the course of our 15-year history, we’ve inspired a passionate following and have been asked by those who support our mission how they can invest in the company. With the recent qualification by the SEC, now any category of investor can invest in our US operating company and I’m pleased to be in a position to invite the public to participate in our future.”
Regulation A is part of the JOBS Act, a bipartisan legislation that expands entrepreneurs’ access to capital by allowing them to crowdfund their capital raises. It thus opens the door to non-accredited investors to participate in early-stage investments, subject to SEC review.
TerraCycle US seeks to use the proceeds from the Regulation A offering to acquire related companies, increase staff and grow its business. Interested investors are invited to visit www.OwnTerraCycle.com to view detailed information about the offering.
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