CLOSED
GET A PIECE OF VERISPELLIS
ONE SKI AT YOUR CONTROL FOR ALL CONDITIONS.
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TEAM
Edward Rodriguez • CoFounder, Treasurer & Director
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Tim Petrick • Product and Industry Advisor
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Kevork Hamparian • Product Engineer
ABOUT
HEADQUARTERS
8 Pleasant St. S, Unit D Lower Level
NATICK, MA 01760
WEBSITE
View Site
TERMS
Verispellis
Overview
PRICE PER SHARE
$17.14
DEADLINE
Dec. 8, 2022 at 7:59 AM UTC
VALUATION
$12M
FUNDING GOAL
$10K - $1M
Breakdown
MIN INVESTMENT
$257.10
MAX INVESTMENT
$999,999.02
MIN NUMBER OF SHARES OFFERED
583
MAX NUMBER OF SHARES OFFERED
58,343
OFFERING TYPE
Equity
SHARES OFFERED
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.
Investment Incentives and Bonuses*
Time-Based:
Friends and Family Early Birds
Invest within the first 72 hours and receive 20% bonus shares.
Super Early Bird Bonus
Invest within the first week and receive 15% bonus shares.
Early Bird Bonus
Invest within the first two weeks and receive a 10% bonus shares.
Amount-Based:
$500+ | 15% off Skis + Merch
15% discount on a pair of Verispellis Skis (when available) + 1 Verispellis Ski Hat
$1,000+ | 20% off Skis + Merch
20% discount on a pair of Verispellis Skis (when available) + 2 Verispellis Ski Hats + 6 Verispellis Gaiters
$2,500+ | Bonus Shares + 30% off Skis
3% Bonus Shares + 30% discount on a pair of Verispellis Skis (when available) + 2 Verispellis Ski Hats + 6 Verispellis Gaiters
$10,000+ | 10% Bonus Shares + Skis
10% Bonus Shares + 1 free pair of Verispellis Skis (when available) + 2 Verispellis Ski Hats + 6 Verispellis Gaiters
$25,000+ | Ski with an Olympian
15% Bonus Shares + Ski with Alpine Olympic Skier Arman Serebraian + 1 free pair of Verispellis Skis signed by Arman & Founding Team (when available) + 2 Verispellis Ski Hats + 6 Verispellis Gaiters
Audience-Based:
5% bonus shares for previous investors and kickstarter backers
The 10% StartEngine Owners' Bonus
Swiss Precision 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 $17.14 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $1714. 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 Audience-Based bonus in addition to the aforementioned bonus.
Irregular Use of Proceeds
ALL UPDATES
10.28.22
You know you're doing something right when Bodie Miller tries to emulate your work
We are beyond flattered to see Bodie starting to think along the same lines that we have been doing for the past four years. As a matter of fact, you can combine art and science to make skis that perform as enjoyably on east coast hard pack and west coast powder, and everything in between. We have been calling it WulfKore(tm) technology, a nod to our werewolf, shapeshifting vision. We harness the power of engineering to provide the feel of a great run, no matter where you are, on the same pairs of skis.
Modify torsional rigidity? CHECK
Modify ski rocker? CHECK
Record your ski run 6 degrees of freedom data? CHECK
Competition? CHECK MATE
10.26.22
Click - Unclick
The battery pack clicks and unclicks easily from the base with one swift motion. Now, you're armed with a fully powered pair of smart skis that adjust to your liking.
Another excellent reason for you to invest in Verispellis,
10.25.22
Damping much??
Did you know that Nitinol is an excellent damper at baseline? as if Nitinol wasn't cool enough, this feature comes in very handy to reduce ski chatter in all the right places for a more enjoyable run. The placement of Nitinol in the shovel of our skis allows for the reduction of unwanted chatter. Moreover, the control box in front of the bindings happens to sit on top of the ski's natural frequency node, which makes the run on the skis more pleasant. The level of stability and the absence of unwanted chatter are truly amazing when skiing on hard-pack snow with the skis on.
Another great reason for you to invest in Verispellis,
10.21.22
The Box that Does it All
We have gone through a number of iterations to get to the current format for the box, which houses the electronics, the IMU sensors, and the batteries in a well-designed and low-profile design. One can easily remove the batteries for charging and click them back in when ready to go. The sleek and light-weight box contains the "brains" and the power for our smart skis, designed for ease of manufacture, cost-effectiveness, and seamless integration onto the skis.
Another excellent reason for you to invest in Verispellis,
10.18.22
Investments by our Insiders
We're excited to see our community come in and invest in Verispellis!
Our Insiders have invested $5,828 into the offering to date!
We hope you join in as well! Invest in Verispellis Ski + Snowboards as well,
10.18.22
The App that Makes it all Work
The app plays a key part in the design of our skis. The app, communication through bluetooth with the skis, enables the skier to control the skis by reading temperature data from the skis and triggering a change in the Nitinol material phase. Moreover, the app receives data from embedded IMU sensors in the skis that provides key skiing info to the skier about their runs, without the need to wear special insoles in their boots or anything else. This data can provide the skier with excellent feedback about their runs and areas that they can improve upon, or to gauge their performance in different settings. They can also get other data on their runs, such as speed, vertical drop, ski time... and communicate with friends.
Another great reason for you to invest in Verispellis,
10.17.22
How we get the Nitinol to Change Phase
We have talked about the magical properties of Nitinol and how changes in temperature can cause the material to change its mechanical properties. How we accomplish this is by using very thin heaters (almost 0.5 mm thick) to heat the surface of the thin Nitinol plates. Once the metal gets heated a few degrees, it goes through a phase shift, where its molecular structure changes, as shown below. This molecular change results in increased stiffness of the plates and, subsequently, the skis. The shape of the Nitinol plates is such that they affect the torsional stiffness of the skis when heated.
Another excellent reason for you to invest in Verispellis,
10.11.22
Gauge your Ski Performance
Our skis have built-in sensors that record your skiing motion in 3D space. This data will allow you to assess your runs without the need to wear any instrumented insoles. It also allows combining your 3D motion data with snow and weather conditions per trail and other factors to offer a comprehensive evaluation of your experience.
Another great reason for you to invest in Verispellis,
10.07.22
Change Your Ski Rocker by 4 Inches
The other cool feature that we have developed is the ability to change your ski rocker. This means you can change the ski length by 4 inches or so with the push of a button. This allows one to change the radius of curvature and also be able to "float" over powder easily with the tips up. All done so stably and with little effort. We think this is a really neat addition to skis that can help you enjoy skiing even more.
Another great reason for you to invest in Verispellis,
10.06.22
Modify Ski Torsional Stiffness by 20% - from your Cell Phone
This sounds crazy, but this is exactly what we thought of when we started to think about this. That was 4 years ago. We were thinking about using the same skis to navigate different snow conditions with just as much fun. We have spent 4 years of hard work to sweat equity to make this concept a reality. Our latest skis have been designed to do just that while looking aesthetically pleasing, adding as little weight to the skis as possible and making them easy and cost-effective to scale. I cannot describe the feeling when I skied two runs on our first fully functioning pair of skis down Upper Blast at Mount Sunapee, one at baseline and one with the skis activated. Same trail, the same conditions, the same skier, yet a world of difference between the two runs. That was a truly exhilarating moment to see a few years of hard work pay off in such as satisfying manner. We hope all skiers get to enjoy our technology as much as we do.
Another great reason for you to invest in Verispellis,
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).
$500
$500+ | 15% off Skis + Merch
15% discount on a pair of Verispellis Skis (when available) + 1 Verispellis Ski Hat
$1,000
$1,000+ | 20% off Skis + Merch
20% discount on a pair of Verispellis Skis (when available) + 2 Verispellis Ski Hats + 6 Verispellis Gaiters
$2,500
$2,500+ | Bonus Shares + 30% off Skis
3% Bonus Shares + 30% discount on a pair of Verispellis Skis (when available) + 2 Verispellis Ski Hats + 6 Verispellis Gaiters
$10,000
$10,000+ | 10% Bonus Shares + Skis
10% Bonus Shares + 1 free pair of Verispellis Skis (when available) + 2 Verispellis Ski Hats + 6 Verispellis Gaiters
$25,000
$25,000+ | Ski with an Olympian
15% Bonus Shares + Ski with Alpine Olympic Skier Arman Serebraian + 1 free pair of Verispellis Skis signed by Arman & Founding Team (when available) + 2 Verispellis Ski Hats + 6 Verispellis Gaiters
JOIN THE DISCUSSION
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nicolae sinu
2 years ago
Hello, Haven't heard much news, anything about this upcoming winter 2023/2024?
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nicolae sinu
3 years ago
Hello, Im just waiting the process to go thru and hopefully get 59 shares. Reading the brochure, are you going to make your own skis and/or sell/lease the technology to other ski manufacturers? How easy will it for them to install your tech on their skis? Would like some clarification on that. Do the skis change in real time or does the user determine before the run what the skis does in terms of stiffness? Have you done work on snowboards, only see skis? I would be very happy to try a pair if you need more testing done, LOL! I'm pretty sure I will buy a pair when they come out!!! Wishing you success, Nicolae
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nic ollila
3 years ago
how much going to be selling the skis? boards for?
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James McKeown
3 years ago
This is really interesting ski tech. Looking at your bios, I don't see where there is anyone involved with the company who has ski or snowboard design/manufacturing experience. Established ski manufacturers have R&D, which you appear to have, but not the experience. Am I missing something? Can you please explain how Verispellis would address this? Also, what are your plans for manufacturing? Outsourcing with a US partner? A European partner? Other?
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Alex Heckler
3 years ago
What is the target price point for the skis?
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HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
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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.
nicolae sinu
2 years ago
Hello, Haven't heard much news, anything about this upcoming winter 2023/2024?
Show more
0
0