Freerolls Entertainment, Inc.

Freerolls Entertainment, Inc.

Poker Meets Advertising! Over $1.1M in 2019 Revenue!

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Security Type
Preferred Stock
Categories
Other
Min Investment
$2
Location
Katy, TX
Offering Date
October 23, 2019
Expected Close Date
January 21, 2020
Target Raise
$50.00K-$1,000.00K
Deal Notes

$2.38 per share

$50K+ voting & pro rata right threshold

Valuation
$12,400,000

Company Description

We are one of the largest and fastest-growing poker clubs in the State of Texas!

Perks

$300+ for Limited edition FreeRolls Entertainment 2018-2019 Commemorative Coin with WPT DEEPSTACKS HOUSTON, LIPS, and SPT logo embossed on it. This coin will serve as a commemoration of the impressive list of first-ever major poker events held by FreeRolls in Texas!
$5,000+ FreeRolls Entertainment, Inc. getaway package with 2-night Hotel accommodations at Element Katy, dinner for 2 with the co-founders at Perry's Steakhouse and $500 in free cash play at FreeRolls Poker Club.
$10,000+ Non-stop (if applicable) airfare for 2 to enjoy the getaway package and accommodations.
$50,000+ Custom poker table bearing your name on a bronze name tag in the featured main games area of the club plus 10,000 warrants with a common stock exercise price of $1.75 per share.
$100,000+ 25,000 additional warrants with a common stock exercise price of $1.75 per share.

Key Deal Facts

Over $1.24M in revenue in less than 11 months (Dec 2018 – Oct. 2019).
Held the largest poker tournament in Texas history with a record-breaking $790,000 prize pool.
Over 4,000 customers in 9 months.
Over $63K in profitability by the end of Q3 2019.
Compliant with Texas State Laws.
Lead Investor: Private Equity Investors invested $525,000

Use of Proceeds

Debt Reduction, Marketing and Advertising Technology Development, Software Development, Building Second Location (property lease, equipment, furniture, fixtures, equipment), Wefunder Intermediary Fee

Management Team / Advisory Board Bios

Charles Potter
CEO
Co-created and founded a multi-cultural toy company that sold product to 3,000 Wal-Mart Stores.

D. Michele Reppond
Director of Design and Marketing

Joanne Melton
CFO
Former Vice President of Collateral Services at JP Morgan Chase.

Deal Notes

$2.38 per share

$50K+ voting & pro rata right threshold

Amount Raised : $66,895
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Valuation

Security Description

Preferred securities are a type of investment that generally offers some sort of preferred treatment through a dividend or preferred treatment in a liquidation.

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