HyperSciences

Harnessing the power of extreme velocity

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Security Type
Preferred Stock
Categories
Technology, Industrial
Min Investment
$496
Location
SPOKANE, WA
Offering Date
October 23, 2020
Expected Close Date
September 28, 2022
Target Raise
$9.99K-$3.94M
No. Investors
122
Security Price
$9.72
Deal Notes

Price per Share: $3.84

Valuation
$100,000,000
Number of Employees
18
Cash
$222,237
Revenue
$2,020,000
Short Term Debt
$2,658,500
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-2,019,458

Company Description

Using our proprietary hypersonic accelerator — one of the world's fastest engines — HyperSciences is working to revolutionize several industries, including Clean Energy Drilling, Tunneling, Mining, and Aerospace.

Key Deal Facts

HyperSciences has successfully delivered on contracts awarded by Shell, NASA and other top industry leaders. Currently we're working confidentially under contract with two major Mining and Energy corporations. Another area of focus is aerospace testing, as it is crucial research the U.S. government is seeking. As one of the few hypersonic companies in the U.S., HyperSciences is well positioned to win these types of government contracts.
With 39 patents at various stages (15 issued or allowed), HyperSciences' technologies enable companies to drill holes and robotically tunnel up to 5X faster — and at a lower cost than — traditional drilling and tunneling methods.
In 2019, HyperSciences conducted a very successful crowdfunding campaign, raising over $10M+ from more than 4,000 investors.

Management Team / Advisory Board Bios

Mark Russell, PE
Chief Executive Officer, Chief Engineer and Director
Mark has a Masters from Stanford in Aero/Astro, is the former lead engineer for Blue Origin first VTOL vehicle and was Lead of Crew Capsule development at Blue Origin. Along with 2 decades of spaceflight development, Mark has a long history of family underground mining development and operations for some of the world’s largest mining projects. Recently sponsored by Shell to develop the worlds fastest and deepest geothermal drilling technology High Energy Systems Development. Mark provides both the vision and technical expertise to lead the world’s first companies focused on commercial industrial Hypervelocity mass drivers.

Michelle Carbon, JD, MAcc
CFO and General Counsel
Michelle graduated from Gonzaga University with a MAcc/JD and started her career in the mining industry. She has experience in business planning and development, start-up consulting, corporate law, risk mitigation, compliance, and legal services. Michelle has held positions as VP of Business Operations and In-House Counsel, Controller, Director of Cost Accounting, and owner of Carbon Law Office, PLLC. She is currently licensed to practice law in the State of Washington.  

Mike McSherry
Director
Mike McSherry is a serial entrepreneur and the current CEO and founder of the healthcare tech company, Xealth. He is also the former CEO of SWYPE (mobile app), and the co-founder of Boost Mobile.

Charles Russell
Director
Chuck was one of the first investors in the commercialization of the RAMAC technology and is also a HyperSciences Director. His past experience has involved exploration, development, permitting and sales of mineral projects in Asia. Chuck is responsible for managing HyperSciences remote testing facility and installation and controls of the RAMAC instrumentation.

Deal Notes

Price per Share: $3.84

Amount Raised : $244,377
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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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