The men’s swimwear market, currently valued at $7.1B, has shown strong growth due to heightened interest in health and recreational activities. However, while the men’s swimwear market has been growing, there is a lack of differentiated brands, both in terms of narrative and design. PANGEA fills that void by offering a genuinely unique fashion aesthetic for tailored men’s swimwear as well as a rich narrative surrounding travel and exploration.We create premium men’s swimwear, offering tailored fits in exotic prints. We offer our swimwear in three timeless fits and create original, brand-owned designs inspired from our own worldly travels. Our shorts feature a luxurious, “Quick-Dry” Japanese Polyester with antique nickel hardware, all hand-sewn in Colombia to create the ultimate travel comp... [Read More]
A Crowd Note modifies the typical convertible note so that the crowd does not automatically convert to equity shareholders.
January 21, 2019
February 16, 2019
Staffing: 40% - 20%
Retail Locations: 10%
*These figures vary depending on the amount of funding achieved.
Nick Bradley - CEO
Anthony Garrett - Operations & Support Manager
Roger Ein - Director of Merchandising
Round type: Seed
Round size: US $500,000
Minimum investment: US $1,000
Target Minimum: US $200,000
Maximum Raise Amount: US $500,000
Security Type: Crowd Note
Conversion discount: 20.0%
Valuation Cap: US $2,000,000
Interest rate: 5.0%
Note term: 36 months
Closing conditions: While PANGEA has set an overall target minimum of US $200,000 for the round, PANGEA must raise at least US $25,000 of that amount through the Regulation CF portion of their raise before being able to conduct a close on any investments below $20,000. For further information please refer to PANGEA's Form C.
Transfer restrictions: Securities issued through Regulation CF have a one year restriction on transfer from the date of purchase (except to certain qualified parties as specified under Section 4(a)(6) of the Securities Act of 1933), after which they become freely transferable. While securities issued through Regulation D are similarly considered "restricted securities" and investors must hold their securities indefinitely unless they are registered with the SEC and qualified by state authorities, or an exemption from such registration and qualification requirements is available.
Raised to date: US $26,000 US $6,000 (under Reg CF only)
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