For non-accredited Investors (most fall into this category) the limitation on how much you can invest depends on your net worth and annual income.
If either your annual income or your net worth is less than $107,000, then during any 12-month period, you can invest up to the greater of either $2,200 or 5% of the greater of your annual income or net worth.
If both your annual income and your net worth are equal to or more than $107,000, then during any 12-month period, you can invest up to 10% of annual income or net worth, whichever is greater, but not to exceed $107,000.
▪ After you review the offering statement and information and decide you would like to invest and how much, you complete the application with the requested information and electronically sign the documentation.
▪ The Broker-Dealer, reviews the information for AML/KYC (Anti-Money Laundering and Know Your Customer) compliance as this is an SEC-regulated offering.
▪ If you pass the review, the Broker-Dealer initiates the funds via ACH or Credit Card (or you send the wire or check if applicable). If you do not pass the review, the Broker-Dealer or the Issuer will reach out to you to update information to clear you for the reviews or otherwise.
▪ Once the funds have been cleared by the escrow agent (funds go directly there), the Broker-Dealer will match your funds with your cleared application for investment, and issue you the stock by validating the subscription agreement and notifying the Transfer Agent to record your ownership on the Issuers capitalization table.
As you are buying a security regulated by the SEC, and as a Broker-Dealer we are required by SEC regulations to reasonably ensure Anti-Money Laundering and Know Your Customer reviews are satisfied and that Permitted Investor Limits are not breached, we collect this information to perform the required reviews.
The Broker-Dealer may share certain details of an applying/completed investor as listed on the subscription agreement, with the Transfer Agent and Escrow Agent if requested for valid purposes of processing an investment application.
Any questions about the application, how to navigate it, what is the process, etc., should be directed to the Broker-Dealer using the contact information provided below of this investment website.
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