Jet Shark

Bringing an exhilarating submersible vessel to the mass market

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Security Type
Crowd SAFE
Categories
Transportation & Storage
Min Investment
$200
Location
REDDING, CA
Offering Date
March 22, 2024
Expected Close Date
September 20, 2024
Target Raise
1-$1.24M
No. Investors
33
Security Price
$1
Website
thejetshark.com
Number of Employees
0
Cash
$0
Revenue
$0
Short Term Debt
$0
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-69,724

Company Description

Jet Shark brings the three dimensional capabilities of an aircraft to the boating world, allowing people to enjoy the ocean the way aquatic creatures do. Jet Shark is not a submarine that slowly "sinks" beneath the water. Instead, it "flies" underwater, remaining positively buoyant at all times.

Perks

Invest $1,000 Receive Jet Shark baseball cap/ T shirt Jet Shark Investor Poster Invitation to upcoming launch events Invest $3,500 Receive All perks above, PLUS; Jet Shark Sweatshirt Test pilot training at Jet Shark demo events Preferential pre-order placement Invitation to tour Jet Shark development facility Invest $10,000 Receive All perks above PLUS: 5% discount on MSRP of first edition Jet Shark 3D printed Jet Shark display model V.I.P. invitation to all Events / demo days Invest $25,000 Receive All perks above PLUS: 10% discount (rather than 5%) on MSRP of up to 3 Jet Sharks Opportunity to contribute towards Jet Shark design, engineering, marketing, and strategy meetings

Key Deal Facts

25 years of experience in this unique submersible watercraft market Over $20 million in sales of previous vessels 175 of those vessels have been delivered to over 35 countries Impeccable safety record, with zero injuries or insurance claims Featured in major Movies, TV shows, and Commercials Over 500M views of Seabreacher and Jetovator videos (prior products) $15 million in pre-sales of Jet Sharks from pre-qualified customers

Management Team / Advisory Board Bios

Robert Innes Chief Executive Officer Founder Jet Shark Inc. , Co-founder / CEO Innespace Productions Inc., Founder / CEO Jetavation Inc. Aimee Dessem Chief Financial Officer Assistant Manager at Innespace Productions Inc. Assistant Manager at Jet Shark Inc. Rich Wilson Composite Fabrication and Tooling Robert Rose Mechanical/ hydraulic component Engineer Lee Excel Commercial Operations Director Dustin Heck Rigging/ Electrical Specialist Scott Kelly Marketing and Branding Joey Natale Pilot Training/ Sales Joe Natale Sr Product development and testing

Amount Raised : $29,597
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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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