CLOSED
GET A PIECE OF OLA BREW
Make History with Hawai’i’s Fastest Growing Brewery
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$3,287,437.98 Raised
REASONS TO INVEST
TEAM
Naehalani Breeland • Co-Founder, President, Director, Director of Marketing
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Brett Jacobson • Co-Founder, CEO, Director
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Yvette Miller • Secretary/Accountant
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Other Highlights
Since Our Last Raise...
*The above testimonial may not be representative of the opinions of other experts or experiences of other customers and is not a guarantee of future performance or success.
THE PITCH
Join our Ola Ohana
Since 2016, CROWDFUNDING has been woven into the DNA and foundation of Ola Brew. As a way to uplift our community and build a more circular economy, we prioritize creating equal investment opportunities for EVERYONE.
Ola Brew was amongst the FIRST breweries to crowdfund in the US. Our initial crowdfunding campaign successfully closed in May of 2017, just 5 months before our brewery opened in Kailua Kona, HI.
Ola Brew has raised over $3M through crowdfunding. We currently share our successes with over 2800 community and employee owners that motivate us to continue innovating and pushing the boundaries of the brewing and spirits industry.
The market
From Farm to Glass: Ōkolehao, the Next Rising Star in Distilled Spirits
*The above is a rendering of a future product. Images are computer generated demo versions. Product is still currently under development and is not yet available on the market.
The largest segment of alcohol sales in the US is now Distilled Spirits after 13 years of consecutive growth. In 2022, revenues in the US from agave-based spirits, which include tequila - grew over 17%, outpacing every other category. (Source)
Interestingly enough…the spirit we make is distilled from a plant cousin to Agavé.
It’s called ‘Ōkolehao and it’s made from the root of the ki plant. On our 40 acre oceanfront farm, we’ve already planted over 16,000 ki and are now planting 10,000 per month. Compared to agave which can take up to 6 years to mature, we harvest a commercially viable crop in less than a year!
THE opportunity
Why Ola?
*The above is a rendering of a future product. Images are computer generated demo versions. Product is still currently under development and is not yet available on the market.
Ola Brew’s Mission has always been to support the growth of Hawai’i’s agricultural economy. With our current product offerings we have sourced over $1.8M in Hawai’i grown agriculture since we opened our brewery in December of 2017.
As we grow, we aim to build our legacy by creating a demand for potentially the largest agricultural crop in Hawai’i by bringing our award-winning distilled spirit, Ola ‘Ōkolehao to the world stage.
Our spirit is winning awards internationally along-side premium tequilas in the most prestigious competitions. With ultra premium tequila revenues on the rise, and mezcals not far behind, the other agave spirits category is primed for innovation.
‘Ōkolehao is distilled from a plant cousin to agave that not only has cultural significance in Hawai’i, but also grows five times as fast and organically. But what does it taste like? You guessed it! A premium tequila! and with over 800 unique varietals of ki and numerous aging and distillation techniques, the flavor possibilities are endless.
ABOUT
HEADQUARTERS
74- 5598 Luhia St
Kailua Kona, HI 96740
WEBSITE
View Site
TERMS
Ola Brew
Overview
PRICE PER SHARE
$3.50
DEADLINE
Oct. 17, 2023 at 6:59 AM UTC
VALUATION
$36.67M
FUNDING GOAL
$15K - $5M
Breakdown
MIN INVESTMENT
$497
MAX INVESTMENT
$4,999,998.50
MIN NUMBER OF SHARES OFFERED
4,285
MAX NUMBER OF SHARES OFFERED
1,428,571
OFFERING TYPE
Equity
SHARES OFFERED
Class A Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.
Voting Rights of Securities Sold in this Offering
Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common
Investment Incentives & Bonuses*
Loyalty Bonus | 5% Bonus Shares
As you have previously invested in Hawaiian Ola Brewing Corporation, you are eligible for additional bonus shares
Time-Based Perks:
First to the Party
Invest within the first 72 hours and receive 10% bonus shares.
Still Got Time
Invest within the first week and receive 5% bonus shares.
Volume-Based Perks:
Bronze | $1,000+
Invest $1000 or more and receive INVESTOR CARD 10% off at any of our in-person locations FOR LIFE, 50ml bottle of our first ‘Ōkolehao for $1**, ***
Silver | $5,000+
Invest $5,000 or more and receive exclusive 'Ōkolehao Flask, INVESTOR CARD 10% off at any of our in-person locations FOR LIFE, and a 200mL of our first ‘Ōkolehao for $1**, ***
Gold | $10,000+
Invest $10,000 or more and receive an invitation to an ‘Ōkolehao pairing*, exclusive 'Ōkolehao Flask, INVESTOR CARD 10% off at any of our in-person locations FOR LIFE, and 750mL of ‘Ōkolehao for $1**, ***
Double Gold | $25,000+
Invest $25,000 or more and receive 5% bonus shares, an invitation to an ‘Ōkolehao pairing*, exclusive 'Ōkolehao Flask, INVESTOR CARD 10% off at our in-person locations FOR LIFE, and 750mL of our first production ‘Ōkolehao for $1**, ***
Best in Class | $50,000+
Invest $50,000 or more, and receive 10% bonus shares, an invitation to an ‘Ōkolehao pairing*, an exclusive 'Ōkolehao Flask, INVESTOR CARD with 10% off at our in-person locations FOR LIFE, and 750mL of our first ‘Ōkolehao for $1**, ***
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
Crowdfunding investments made through a self-directed IRA cannot receive non-bonus share perks due to tax laws. The Internal Revenue Service (IRS) prohibits self-dealing transactions in which the investor receives an immediate, personal financial gain on investments owned by their retirement account. As a result, an investor must refuse those non-bonus share perks because they would be receiving a benefit from their IRA account.
**At our ‘Ōkolehao Distillery upon opening!
***Investors must be over 21 in order to pick up perks!
The 10% StartEngine Owners' Bonus
Hawaiian Ola Brewing Corporation will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $3.50 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $350. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus and the 5% Loyalty Bonus in addition to the aforementioned bonus.
Irregular Use of Proceeds
PRESS
ALL UPDATES
10.14.24
Ola 'Ōkolehao Wins on the World Stage
Aloha All,
I hope this finds you all well! It’s Aloha Friday and today we have some incredible news to share! OLA WON BIG!!! Not only is this a HUGE win for our community of o shareholders but also for Hawai’i as a whole.
Last weekend marked the final celebration of the 24th Annual San Francisco World Spirits Competition where over 80 Double Gold winning spirits (of over 6000 entered) competed for best in class in each category of product.
Ola was VERY well represented in the competition and at the Gala, taking home Best in Class for not one but TWO categories!
Big Winners were:
Best In Class: Other White Spirits -Paukaa Grown ‘Ōkolehao 40%
Best In Class: Craft Hard Seltzer -Chili Lili Hard Juice
Only one other Distillery in the entire competition received 2 Best in Class honors.
Now, you might be asking yourselves...why is this so special? Well, this is the first time in over 130 years that ‘Ōkolehao has taken the World Stage! And this was out of over 6000 spirits entered into the competition! For added context, the last times were at the Paris and Chicago World Fairs in 1889 and 1893.
Huge shout to our team of farmers, and to our distillers -specifically Brett Jacobson and Constantin Heitkamp, who have worked so hard over the years to develop this incredible, now world-renowned spirit!
We cannot wait to share this with you all!
More to come, party people!
Mahalo to you all for your continued support!
05.29.24
4th Double Gold Down -
|
10.18.23
Mahalo Everyone: We Finished Strong Down to the Last Minute!
Aloha All,
We want to send out a huge MAHALO to all of you, and congratulations for joining us as we embark on our spirits journey, anchored in our mission and north star to support the growth of Hawai'i's agricultural economy.
On the first day of this campaign, we were absolutely blown away by the response from our community. In our FIRST 24 hours, we raised a total of $459,268! We thought we'd hit the top of love shown by our community through investments. So you can imagine our JAWS DROP at the enthusiasm of all the investments that poured in yesterday. In the LAST 24 hours of our campaign, we raised a total of $617,685!!! We could not be happier to welcome you all into the Ola 'Ohana.
We have received countless emails, calls, and messages on social media from those who weren't able to make it into this round of investment. If you were in the same position, feel free to sign up for our newsletter, for updates on when we plan to open up another round.
To our 7500+ followers of this campaign - not just investors, we want to mahalo you for your continued support of Ola in stores and in our taprooms, and your interest in our project moving forward.
Quick update on the next steps. Once we receive funds from StartEngine, we will send out a quick survey to investors. Once we get preferred addresses from you all, we will be sending out perks, etc. In addition, you can look forward to frequent updates on the company's progress as well, and in turn the progress of your investment. If you have questions on anything at any point, feel free to email us at invest@olabrewco.com.
With funds raised, we will continue executing the build-out of our distillery and we look forward to welcoming our investors and then our community to our newly renovated distillery upon its completion.
"A`ohe hana nui ke alu 'ia," in 'Ōlelo Hawai'i (the Hawaiian language) translates to "No task is too big when done together by all." We couldn't be more proud that we are fulfilling our mission with you all. Mahalo nui loa to you all for seeing the importance and benefit of our mission at work, for seeing the incredible opportunity that is 'Ōkolehao, and for jumping on it when you had the chance. We look forward to building this legacy with you all.
Me ka ha'aha'a,
Naehalani Breeland and the Ola 'Ohana
10.17.23
6 Hours to Invest in Ola!! 😮
Aloha everyone!
Ola Brew isn't just a brewing success; it's a close-knit community of dedicated individuals who share a common passion for exceptional craft beverages and a desire to make a positive impact on our community. Our remarkable journey is defined not only by financial milestones but also by the people who have rallied around our mission to support a more circular economy and the health of Hawai'i's agricultural economy through the products we produce!
As the final day of this campaign comes to a close of this investment opportunity, we invite you to invest not only in our thriving business but in our community spirit. Ola Brew represents a celebration of shared passion, dedication, and excellence. By investing in Ola Brew, you're not just becoming a shareholder; you're becoming a valued member of a community that raises a glass to the future together. Don't miss this unique chance to be part of our 'ohana.
💚 The Ola 'Ohana
10.16.23
IT'S THE FINAL COUNTDOWN (Cue Europe The Band Instrumental)
Aloha Everyone!
WE HAVE 10 HOURS LEFT TO INVEST IN OLA BREW!!! This investment includes not only this incredible award-winning spirit but everything we have done to date!
These 'Ōkolehao Spirits have proven themselves on the world stage 25 times now, winning the world's most prestigious awards including Best In Class, Three Double Golds, Golds, Distillery of the Year for Hawai'i. And the BEST PART: 'Ōkolehao is THE product that uses 100% Hawai'i-grown ingredients!
And now...hold your horses for ANOTHER exciting fact: 2 weeks ago, we received our first GOLD medal in the New York World Spirits Competition with a "waste" product from our 'Ōkolehao that we made into a Vodka! Ki Vodka anyone?? WHAT DOES THIS MEAN FOR OUR BUSINESS? This means that we have innovated an entirely new product line from a byproduct, that is now award-winning...at no additional cost of goods! GOOD INVESTMENT??? I think it's safe to say this is a great investment.
And with all the innovation of products we've done to date, I hope you all are seeing a trend that Ola Brew will always continue to push the envelope of new products, as long as it is benefitting our community of local farmers and of course our community of investors.
When we began this raise on July 18th, Ola had just over 2800 investors. Today, we have warmly welcomed over 1000 new investors and are thrilled to see over 600 returning investors for the second, THIRD, and even FOURTH investment into Ola.
Mahalo nui loa for all the support that we have seen from our lāhui...Please feel free to reach out with any questions on this project or your potential or current investment!
E Ola (to life) to the future of Ola!
Me ka ha'aha'a,
Naehalani Breeland and the Ola 'Ohana
10.15.23
1 DAY LEFT TO INVEST IN OLA
ALOHA ALL!
We have 1 DAY LEFT TO INVEST IN OLA...ok let's get a little more specific...WE HAVE ONE DAY AND 9 hours left to invest!!! And we are now back on the MOST MOMENTUM right on the front page of StartEngine:
That is because of you all...Think we can raise $3M?! We think we can!! It's been so exciting and humbling to see you all taking advantage of this open investment...and we appreciate every single one. It has been so good to speak with so many of you personally, whether it's on the phone, over Instagram DMs, and/or emails. We truly enjoy all the questions to provide better context and understanding of your investment and the opportunity at hand!
If you are still on the fence, do not hesitate to reach out!
We look forward to hearing from you all!
Me ka ha'aha'a,
Naeha and the Ola 'Ohana!
10.14.23
JUST TWO DAYS LEFT TO INVEST
Aloha Investor Ohana And Soon to Be Investors!
HAPPY SATURDAY! We HAVE 2 DAYS LEFT TO INVEST!!!
This just in Yesterday on the last Aloha Friday before Campaign Close:
We want to give a quick shout-out to our West Hawai'i Community for voting, yet again, our Ola Kona Taproom The Best Place for a Beer! Mahalo nui loa!
OK Everyone, let us know if you have any questions about this investment round into Ola Brew...CLOSING IN 2 DAYS!
Mahalo for your support in bring this 'Ōkolehao distillery to life! We look forward to hearing from you all!
Naeha and the Ola 'Ohana
10.13.23
3 DAYS LEFT TO INVEST!
Aloha Everyone!
We have THREE DAYS LEFT TO INVEST and we have a special announcement for our distillery location! We will be opening in the first quarter of 2024 to you all, our ohana and investors, and then to the general public! Here, you will have no other option than to relax, get into the 'Ōkolehao spirit, and enjoy, and indulge in the luxury of this place.
We can't wait to welcome you all to your distillery on the bay, Hilo Bay, and the only distillery in Hilo at that! And we look forward to sharing continued success as we share our award-winning spirit with the world!
In addition to our everyday distilling operations of these incredible spirits, we have some other fun stuff up our sleeve. DID YOU KNOW?! Our distillery property is not only known as the former Hilo Sugar Mill, C Brewer Headquarters, but it is also known as one of the best places to get married in Hawai'i! You heard that right and we will continue the tradition of opening up our beautiful space for public and private events for up to 2,000 people, so think of us for your next wedding, family gathering, corporate event, and anything you can dream up.
Our raise on StartEngine allows you to own a piece of this award-winning spirit, the success that we have built to date, and that we will continue to build well into the future! OWN OLA with over 3,500 family and friends!!
If you have any questions on Ola and/or the raise, please reach out and we'll be more than happy to talk story and share more of the future of Ola with you. We can't wait for you to join us on our continued success and excellent adventure!
Me Ke Aloha Pumehana!
Naehalani Breeland
10.10.23
COUNTDOWN TO CLOSE: 6 DAYS LEFT TO INVEST!!
Aloha Kakahiaka e kākou!
We can't believe we are so close to our closing date...it has gone by sooo fast! ONLY 6 DAYS LEFT TO INVEST. Here are just a few highlights we've had as a company since the launch of this campaign:
- We have welcomed over 1200 new investors in this raise!
- We won new awards for our Ola beers (3), hard juice (7), hard seltzer (3) and of course, we won 9 new awards for our Ola 'Ōkolehao including our 3rd Double Gold in Other Agave Spirits at the New York World Spirits Competition!
- For the second time on StartEngine, we have raised well over $2M...Can we make it to $3M in 6 DAYS?
When our shareholders complete their investment we always send out a poll with questions, one of which is plain and simple: why did you invest in Ola? Below are just a few answers:
So…Have YOU INVESTED yet? If so we would love for you to share with a friend WHY YOU INVESTED INTO OLA, and ultimately share the opportunity to OWN OLA, just like you. If you haven’t, we are at 6 Days and COUNTING…and we’re eager to know, why will you invest in Ola!? Join our ohana of over 3500 shareholders, today!
If you have lingering questions, we are happy to chat! Mahalo nui to our entire community of investors and customers for your support and belief in our company and vision!
Me ka ha'aha'a,
Naehalani Breeland
10.02.23
Ola Brew: 2 EXCITING NEWS Items and One BIG ASK
Aloha Investment Ohana!
Happy Monday! So we’ve got 2 BIG NEWS items, and we also have a BIG ASK!
Brett Jacobson, CEO and Co-FounderFirst, TODAY IS BRETT’S BIRTHDAY. I am incredibly proud and honored to know him and work alongside him on a daily; to share ideas, build with him, and learn from him. Brett is a visionary with the purest of intentions to do right by our planet and its people. He is an inspiration to so many and has created countless opportunities for them to learn and grow to their highest potential. Mahalo nui, Brett, for all you do. Join us in wishing our CEO and Co-Founder a fruitful and fulfilling year ahead.
Very first investor tasting we had in a halfway-built Ola Taproom, June 2017, Kailua Kona, HISECOND! Over the weekend Ola Brew exceeded the $2,000,000 mark raised on Start Engine! That was a huge accomplishment and brought us back to the first time we raised $2,000,000 on Start Engine in 2020. We were the very first brewery in the US to raise over $2M on a crowdfunding platform!!! Since then, we’ve launched 8 NEW packaged Ola products for retail, opened our second taproom location in Hilo, HI, and most recently have created the very foundation for our ‘Ōkolehao spirits, for which we are raising funds today! This includes: purchasing the historic Hilo Sugar Mill for our distillery location, developing an ‘Ōkolehoa that has now won 24 international medals, and creating a viable process for growing, harvesting, and processing our spirit from farm to bottle! We are so happy to have done it with YOU ALL, our community of investors!
So..here is where the BIG ASK comes in!
We now have only 14 DAYS LEFT before we close this current CF raise! Our goal for this campaign on Start Engine was to generate a total of $5M in investment capital, to incur the necessary funds to build out our distillery and launch ‘Ōkolehao for all to enjoy INTERNATIONALLY. So we are asking each and every one of our investors to find ONE friend and share with them WHY YOU INVESTED INTO OLA. Share with them our investment video, and our page to invest, ultimately sharing the opportunity to OWN OLA, just like you.
NOW, here’s the incredible part about working together: If every single one of our current investors got a friend to invest, even at the minimum of $497 in the next 14 days, we would be able to raise an additional $1.7M to bring this project to fruition. If they invest more than the minimum, we could hit our $5M goal! We also have our private raise open for accredited investors, and we look forward to FINISHING STRONG in both!
If you have any questions, please do not hesitate to contact us! We continue to be overwhelmed by all of you, our investors, our ohana, our kako’o and we look forward to continuing to build and grow. By growing this ‘Ōkolehao industry, we are not only distilling and selling an internationally awarded spirit, we are simultaneously fulfilling our vision to put our ‘āina, agriculture, and our communities FIRST!
Mahalo nui for your excitement, belief, and trust in this journey, and we are so happy you are along for the ride.
Me ke aloha pumehana,
Naehalani Breeland
President and Co-Founder
REWARDS
10%
Stack Venture Club & Rewards!
Members get an extra 10% shares in addition to rewards below!
Venture Club
Venture Club Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).
$1,000
Bronze
Invest $1000 or more and receive INVESTOR CARD 10% off at any of our in-person locations FOR LIFE, 50ml bottle of our first ‘Ōkolehao for $1**, ***
$5,000
Silver
Invest $5,000 or more and receive exclusive 'Ōkolehao Flask, INVESTOR CARD 10% off at any of our in-person locations FOR LIFE, and a 200mL of our first ‘Ōkolehao for $1**, ***
$10,000
Gold
Invest $10,000 or more and receive an invitation to an ‘Ōkolehao pairing*, exclusive 'Ōkolehao Flask, INVESTOR CARD 10% off at any of our in-person locations FOR LIFE, and 750mL of ‘Ōkolehao for $1**, ***
$25,000
Double Gold
Invest $25,000 or more and receive 5% bonus shares, an invitation to an ‘Ōkolehao pairing*, exclusive 'Ōkolehao Flask, INVESTOR CARD 10% off at our in-person locations FOR LIFE, and 750mL of our first production ‘Ōkolehao for $1**, ***
$50,000
Best in Class
Invest $50,000 or more, and receive 10% bonus shares, an invitation to an ‘Ōkolehao pairing*, an exclusive 'Ōkolehao Flask, INVESTOR CARD with 10% off at our in-person locations FOR LIFE, and 750mL of our first ‘Ōkolehao for $1**, ***
JOIN THE DISCUSSION
0/2500
Lyle Woods
a month ago
Would you consider allowing your shares to be traded on the Start Engin marketplace?
0
0
Ryan Leach
a month ago
Two questions: 1) when is the anticipated grand opening of the old sugar mill? We would love to be there for it but need to plan flights accordingly. 2) Where can we see how our investment is doing?
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0
0
Joshua Laguana
2 months ago
Where is our rewards and updates? It’s been over a year and I have not received any updates.
0
0
Darren Dobashi
3 months ago
Hmmm I think it was a mistake investing… no updates on how our investment is doing… no communication… ready to get out and move my money elsewhere…
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2
0
Aryn Schunzel
4 months ago
I never received my investor card. When I bought in, it said it would be 10% off card, but received no communication for it. Please advise.
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4
0
Ryan Fatheree
5 months ago
When can we expect the first production run of Ōkolehao & when investor bottles will be ready to ship? Is there any update on the restaurant at the old Wainaku Executive Center?
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0
0
Warren Grace
7 months ago
How can I find out how my shares are doing? There’s no information on how my investment is doing?
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1
0
DENNIS KITSMAN
8 months ago
I invested years ago and have not heard anything from Ola Brew in a few years. Will be coming to Hilo this week from California, can I get a discount card?
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1
0
Zachary Erwin
a year ago
Congratulations on the award! Looking forward to all of the positive updates throughout the year. Hopefully we get to see another raise at some point with all the progress made!
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1
0
HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
REWARDS
We want you to succeed and get the most out of your money by offering rewards and memberships!
SECURE
Your info is your info. We take pride in keeping it that way!
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FAQS
With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000 are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, they are limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancellation period. Once the four-hour window has passed, it is up to each company to set their own cancellation policy. You may find the company’s cancellation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to be sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
Teressa Livers
9 days ago
Made a mistake in investing in Ola. I basically handed over 1000+ dollars for a 10% discount card. No returned dividends, can’t sell my shares, not even receiving response to my emails. Terrible mistake!!!
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