Technology Solutions for the Government [Read More]
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
October 05, 2018
January 05, 2019
Open to Investors
We are seeking to raise a minimum of $10,000 and up to $107,000 in this offering through Regulation Crowdfunding. If we manage to raise our over allotment amount of $107,000, we believe the amount will last us 6 months and plan to use the net proceeds of approximately $100,580 over the course of that time as follows: We will hire additional outside sales reps and attend more trade shows. Funds will also be used to increase inventory to speed up shipping to customers.
Jennifer King: President, CEO, Founder & Director
Jennifer King is a graduate of the Goldman Sachs 10,000 small business program and has been in the wireless industry and a full-time employee of Discountcell for 18 years. She was instrumental in the Discountcell NASPO contract award. Her ability to work with contract administrators and government customers has led to significant growth. Jennifer is a certified network administrator.
Convertible Promissory Notes
Note converts to Non-Voting Common Stock when the company raises $4,000,000 in a qualified equity financing
Maturity Date: December 31, 2020
$7,000,000 Valuation Cap
10% Discount Rate
2% Annual Interest Rate*
*Annual Interest Rate subject to adjustment 10% bonus for StartEngine shareholders. See 10% Bonus below
Maximum $107,000 of Convertible Notes
Minimum $10,000 of Convertible Notes