Announcement
Boomerang Bike announced an equity crowdfunding campaign on September 7, 2022 to support its CycloTrac V2 bicycle anti-theft product. NewswireJet later carried the announcement in its press-release archive. This page is a reconstructed summary, not an active securities offering or a reproduction of the original release.
The company's product information describes CycloTrac V2 as a device combining a motion-triggered alarm, GPS location, and cellular communication. The historical campaign presented those features as ways to help owners monitor a bicycle and respond to suspected theft. Product capabilities depend on the device, service, battery, and network conditions; they do not guarantee that a bicycle cannot be stolen.
The original announcement contained forecasts and claims about theft deterrence and future revenue. Those were company claims at the time, not independently verified outcomes, and are intentionally not repeated here as facts. The 2022 crowdfunding terms may have closed or changed. Readers should consult current company and offering documents before drawing any financial conclusion.