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smoothsail Sparkling Sake

Innovative canned sparkling sake from International Superstar Jay Sean

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View on Republic
Security Type
Crowd SAFE
Categories
Food & Bev
Min Investment
$200
Location
CLIFFSIDE PARK, NJ
Offering Date
June 21, 2023
Expected Close Date
September 04, 2023
Target Raise
$50.00K-$1.24M
No. Investors
27
Security Price
$1
Website
sipsmooth.com
Number of Employees
0
Cash
$81,870
Revenue
$17,759
Short Term Debt
$7,500
Cost of Goods
$11,047
Long Term Debt
$213,272
Net Income
$-181,479

Key Deal Facts

Led by beverage industry veterans & worldwide superstar/icon Jay Sean First-of-its-kind canned sparkling Sake (Japanese rice wine) Gluten, tannin, sugar and sulfite free with delicious natural flavors ~ 10 million potential customers reached through Jay Sean's social media Est $60M-100M valuation* in $2B market | $250K raised via friends & family

Perks

2 investors Invest $1,000 Receive An invitation to our seasonal celebration hosted by Jay Sean and smoothsail Limited (148 left of 150) 7 investors Invest $2,500 Receive VIP invitation + table to our seasonal celebration hosted by Jay Sean and smoothsail Limited (18 left of 25)

Management Team / Advisory Board Bios

Jay Sean Co-Founder and Chief Cultural Officer Neel Premkumar Director Sedi Doobay General Manager Brian Curran Sales & Strategy Lead

Amount Raised : $69,453
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Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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