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GET A PIECE OF PAIDWORKOUT

The Fitness Motivation App That’s Gamified Wellness

Paid Workout is a fitness motivation app that gamifies and incentivizes fitness and activity. We believe this app is driving the growth of wellness gaming! Founders Nicole Pekerman and Michael Bluestein saw an opportunity to motivate people to jump-start their fitness journey by customizing and rewarding short-term wins as an encouragement model. The British Journal of Sports Medicine determined that regardless of fitness level, frequency of exercise, or the reason for working out, people are much more likely to maintain a fitness program when money is involved.

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This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
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$166,004.30 Raised

REASONS TO INVEST

TEAM

Nicole Pekerman

Nicole Pekerman • Director, Co-founder & CEO

A passionate leader and senior executive with incredible drive for results, consumer savvy and creative prowess growing brand and business for 2 decades in tier 1 CPG and QSR organizations running billion dollar Global brands such as Philadelphia Cream Cheese, DiGirono Pizza, Wonder Bread, Blue Box Mac N Cheese, Kraft Dressings, and Tim Hortons

Strong background in strategic branding, product development, pricing, PNL management, innovation strategy and execution, consumer insights, brand foundations, IMC strategy and creative development, and fostering collaborative and passionate teams

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Michael Bluestein

Michael Bluestein • Director COO Co-founder

A senior corporate and securities lawyer with 15 years of experience; Michael is a business leader whose strengths include drive for results, strategic thinking and superior client service. With extensive tech company experience, including founding and exiting an app, Michael’s corporate finance, operations experience and technical knowledge is second to none. Michael is also on the board of the Canadian Securities Exchange bringing deep knowledge about corporate matters and raising capital.

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Milan Poliak

Milan Poliak • Head of Platform Development

Passionate about writing clean, well-tested, and maintainable code following the best practices. Proficient in several languages and paradigms, as well as AWS. He would characterize himself as an entrepreneur, but he's also successfully occupied the roles of project manager and full-stack engineer. Along with a decade of experience, Milan brings a solid academic background with his computer engineering degree.

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ABOUT

HEADQUARTERS
2301 Collins Ave Suite 318
Miami Beach , FL 33139
WEBSITE
View Site
Paid Workout is a fitness motivation app that gamifies and incentivizes fitness and activity. We believe this app is driving the growth of wellness gaming! Founders Nicole Pekerman and Michael Bluestein saw an opportunity to motivate people to jump-start their fitness journey by customizing and rewarding short-term wins as an encouragement model. The British Journal of Sports Medicine determined that regardless of fitness level, frequency of exercise, or the reason for working out, people are much more likely to maintain a fitness program when money is involved.

TERMS

PaidWorkout
Overview
PRICE PER SHARE
$0.65
DEADLINE
Apr. 20, 2022 at 6:59 AM UTC
VALUATION
$5.01M
FUNDING GOAL
$10K - $1.07M
Breakdown
MIN INVESTMENT
$250.25
MAX INVESTMENT
$106,999.75
MIN NUMBER OF SHARES OFFERED
15,384
MAX NUMBER OF SHARES OFFERED
1,646,150
OFFERING TYPE
Equity
SHARES OFFERED
Class B Common Stock

Maximum Number of Shares Offered subject to adjustment for bonus shares

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.

*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Investment Incentives and Bonuses

Time-Based

Friends and Family - First 5 days | 15% bonus shares

Super Early Bird - Next 72 hours | 10% bonus

Early Bird Bonus - Next 7 days | 5% bonus shares

Amount Based

Tier 1 perk - ($500 + free month of challenges (home groups))

Tier 2 perk - ($1000 + Exclusive investor challenge + PW Swag)

Tier 3 perk - ($5,000+ Exclusive investor challenge + free high roller + PW Swag)

Tier 4 perk - ($10,000+ Exclusive investor challenge + free high roller entry + new apple watch + 5% bonus shares)

Tier 5 perk - ($25,000+ Exclusive investor challenge + free high roller entry + new apple watch 10% bonus shares)

Tier 6 perk - ($50,000+ Exclusive investor challenge + free high roller entry + new apple watch + 15% bonus shares)

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

Paid Workout Inc., 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 Class B Common Stock at $.65 / share, you will receive 110 shares of Class B Common Stock, meaning you'll own 110 shares for $65. 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 investor's 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 only receive a single bonus, which will be the highest bonus rate they are eligible for.

* Note that non-bonus share perks do stack with the other live offering perks. All perks occur when the offering is completed.

* All perks occur when the offering is completed which will be the highest bonus rate they are eligible for.

Perk Information


Investor Challenge - We will create a special investor challenge that only investors at these levels will be able to see and participate in. They will have to create profiles on the app in order to participate and we can set the payout @ $1000 and we can either do cash payout and certificate for bragging rights or we can direct the payout to any charity the winner chooses.

PW Swag – we have workout clothes (leggings, shirts, t-shirts) and water bottles that we can send in a branded box with a personalized thank you card

High roller challenge – free entry into our current running high roller challenge on the app

Free month of Home Groups – user registers for app and is given 4 free weeks of home groups to participate in and potentially win cash!

Nicole Pekerman, the Company’s CEO and Director plans to invest $50,000 in the Company’s current Reg CF offering once the Company has reached its minimum funding goal.

Michael Bluestein, the Company’s COO and Director plans to invest $50,000 in the Company’s current Reg CF offering once the Company has reached its minimum funding goal.

Mila Pekerman - Mother of CEO and Director plans to invest $100,000 in the Company’s current Reg CF offering once the Company has reached its minimum funding goal.

Irregular Use of Proceeds

Example - The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.

ALL UPDATES

REWARDS

Multiple investments in an offering cannot be combined to qualify for a larger campaign reward.
Venture Club

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).

JOIN THE DISCUSSION

0/2500

HOW INVESTING WORKS

Cancel anytime before 48 hours before a rolling close or the offering end date.

FAQ Timeline

WHY STARTENGINE?

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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.

RAISED
$166,004.30
INVESTORS
28
MIN INVEST
$250.25
VALUATION
$5.01M

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IN MAKING AN INVESTMENT DECISION, INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE ISSUER AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. INVESTMENTS ON STARTENGINE ARE SPECULATIVE, ILLIQUID, AND INVOLVE A HIGH DEGREE OF RISK, INCLUDING THE POSSIBLE LOSS OF YOUR ENTIRE INVESTMENT.

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Unless indicated otherwise with respect to a particular issuer, all securities-related activity is conducted by regulated affiliates of StartEngine: StartEngine Capital LLC, a funding portal registered here with the US Securities and Exchange Commission (SEC) and here as a member of the Financial Industry Regulatory Authority (FINRA), or StartEngine Primary LLC (“SE Primary”), a broker-dealer registered with the SEC and FINRA / SIPC. You can review the background of our broker-dealer and our investment professionals on FINRA’s BrokerCheck here. StartEngine Secondary is an alternative trading system (ATS) regulated by the SEC and operated by SE Primary. SE Primary is a member of SIPC and explanatory brochures are available upon request by contacting SIPC at (202) 371-8300.

StartEngine facilitates three types of primary offerings:

1) Regulation A offerings (JOBS Act Title IV; known as Regulation A+), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Primary, LLC (unless otherwise indicated). 2) Regulation D offerings (Rule 506(c)), which are offered only to accredited investors. These offerings are made through StartEngine Primary, LLC. 3) Regulation Crowdfunding offerings (JOBS Act Title III), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Capital, LLC. Some of these offerings are open to the general public, however there are important differences and risks.

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StartEngine Marketplace (“SE Marketplace”) is a website operated by StartEngine Primary, LLC (“SE Primary”), a broker-dealer that is registered with the SEC and a member of FINRA and the SIPC.

StartEngine Secondary (“SE Secondary”) is our investor trading platform. SE Secondary is an SEC-registered Alternative Trading System (“ATS”) operated by SE Primary that matches orders for buyers and sellers of securities. It allows investors to trade shares purchased through Regulation A+, Regulation Crowdfunding, or Regulation D for companies who have engaged StartEngine Secure LLC as their transfer agent. The term “Rapid,” when used in relation to transactions on SE Marketplace, specifically refers to transactions that are facilitated on SE Secondary, This is because, unlike with trades on the StartEngine Bulletin Board (“SE BB”), trades on SE Secondary are executed the moment that they are matched.

StartEngine Bulletin Board (“SE BB”) is a bulletin board platform on which users can indicate to each other their interest to buy or sell shares of private companies that previously executed Reg CF or Reg A offerings not necessarily through SE Primary. As a bulletin board platform, SE BB provides a venue for investors to access information about such private company offerings and connect with potential sellers. All investment opportunities on SE BB are based on indicated interest from sellers and will need to be confirmed. Even if parties express mutual interest to enter into a trade on SE BB, a trade will not immediately result because execution is subject to additional contingencies, including among others, effecting of the transfer of the shares from the potential seller to the potential buyer by the issuer and/or transfer agent. SE BB is distinct and separate from SE Secondary. SE Secondary facilitates the trading of securities by matching orders between buyers and sellers and facilitating executions of trades on the platform. By contrast, under SE BB, SE Primary assists with the facilitation of a potential resulting trade off platform including, by among other things, approaching the issuer and other necessary parties in relation to the potential transaction. The term “Extended”, when used in relation to transactions on SE Marketplace denotes that these transactions are conducted via SE BB, and that these transactions may involve longer processing times compared to SE Secondary for the above-stated reasons.

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