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A convertible security is a security that can be converted into another security. Convertible securities may be convertible bonds or preferred stocks that pay regular interest and can be converted into shares of common stock (sometimes conditioned on the stock price appreciating to a predetermined level).
Debt and Equity Opportunity
June 26, 2020
September 24, 2020
Open to Investors
If $200,000 is raised:
93.5% - Primarily payroll, rent, expenses, insurance and other related cost with a focus on future product development including wireless underground hardware, user interface software and system software, 6.5% WeFunder fee.
If $1,070,000 is raised:
50% - Payroll and related expenses for future product development including wireless underground hardware, user interface software and system software, 35% - Payroll and related expenses for sales channel expansion, sales and field technical support, 15% - Payroll and related expenses for general and administrative costs. 6.5% WeFunder fee.
$25K+ pro rata right threshold
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