Confederate motorcycles, like the B120 Wraith, are beautiful, hand-crafted street bikes unlike anything else on the market.
Confederate Motorcycles, a small specialty motorcycle manufacturer known for its minimalist approach to making handcrafted, high-end street motorcycles, is going public. The company, founded in 1991 by Matt Chambers, now calls Birmingham, Alabama, home as it produces three distinct motorcycles, the Wraith, Fighter, and Hellcat Combat. Using a proprietary 45 degree radial twin engine and aircraft grade aluminum for its chassis and many of its components, their work is unique and innovative. It’s also pricey and caters to a very limited demographic, obstacles that will be the major hurdles Confederate will have to contend with considering the timing of their decision to go public. - Motorcycle USA Staff
Confederate Motors, Inc. (the “Company”), formerly known as French Peak Resources Inc. (OTCBB: CFED), announced that on February 12, 2009, the Company completed a stock-for-stock merger with Confederate Motor Company, Inc.
According to company founder and chief executive officer Matt Chambers, the combined company will operate under the name Confederate Motors, Inc. and will assume and execute Confederate’s hand-crafted motorcycle business as its sole business. The Company also announced the closing of a private placement financing to accredited investors which closed concurrently with the merger. After completing the merger and the private placement and a 3.167420814-for-1 reverse stock split which was effective on January 20, 2009, the Company has 11,050,000 shares of Common Stock outstanding.
"The successful completion of this transaction is a major milestone for Confederate," Chambers said.
"This transaction enables us to broaden our investor base, create a liquid market for our stock, and
financially support the accelerated growth of our business as we strive to become the global leader in the
premium motorcycle space. We are extremely excited about Confederate’s prospects for growth even in
this challenging market environment.” About Confederate Motors, Inc.
Founded in 1991 in Baton Rouge, Louisiana, Confederate Motors designs and handcrafts limited series built uncompromised motorcycles for the motoring connoisseur and aficionado. The creative team at Confederate has adopted a minimalist, holistic, avant guard design imperative. Our goal is to be on the cutting edge of an exciting, innovative and relevant American design initiative. Confederate Motors is located in Birmingham, Ala. For additional
information on Confederate Motors, and our F131 Hellcat, B120 Wraith or C120 Fighter motorcycles, please visit www.confederate.com