Red Mountain Resort’s “Fight the Man. Own the Mountain” crowdfunding campaign has hit the minimum offering of $1.5 million.
The company sent out a press release on Thursday announcing that it had met the goal, and that the first funds would now be available to make improvements at the resort and that investors will be able to start using some of their perks as early as this season.
“It’s hard for me to even put into words what this milestone means to our team,” Howard Katkov, Red’s CEO, said in the release. “This campaign has been non-stop since we launched… It’s been intense in a way I’ve never experienced in any of my previous business endeavours, but most gratifying for me, my team, and our community. We planted this flag for independent skiing and touched a nerve with skiers and boarders around the world. It’s way bigger than RED Mountain now — and RED’s pretty big.”
Though the minimum offering has been reached, the “Fight the Man, Own the Mountain” campaign will continue.
“Our passion hasn’t wavered,” added Katkov. “We will continue to accept subscriptions for the Fight the Man / Own the Mountain crowdfunding offering over the winter and fully expect to raise additional equity after this great start.”