81-c

81-c

Creating Value in the Global Economy

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Security Type
Other
Categories
Other
Min Investment
$499
Location
Wellington, FL
Offering Date
March 07, 2019
Expected Close Date
June 06, 2019
Target Raise
$10.00K-$1.07M
Deal Notes

Price per Share: $1.00

 

Terms of Class B Tokens

The Class B Tokens will represent a single share of Class B Token of the company, with rights and preferences as designated in the amended & restated articles of incorporation and summarized in the Offering Document.

  • Blockchain: ERC 1450
  • Exchanges: We currently intend listing the token on exchanges, but this may change, pending approval to list on such exchanges, changes to the regulatory landscape, or any other reason. Security Tokens may be eligible for trading on SEC approved alternate trading platforms as they become available. There is no guarantee that such a trading platform will be available at that time.

Material Terms

  • Voting Rights: Class B Token holders are not entitled to vote on any matter submitted for shareholder action, and the consent of the holders shall not be required for the taking of any corporate action.
  • Restrictions on Transfer: 1 year from closing of this Offering
  • Dividends/Distributions: Class B Tokens shall be entitled to receive 80% of any dividends or distributions of cash or other property. However, Class B Tokens shall not be entitled to receive any mandatory dividends or distributions of cash or other property but only such dividends or distributions as the Corporation declares from time to time in its sole discretion.
  • Redemption Rights: The Company has no obligation to redeem Class B Tokens.
Valuation
$1,250,000

Company Description

There is a lot of value created in the world that just isn’t accessible to most people. One of the greatest sources of value creation is entrepreneurship. That’s why we have created a way for everybody to have an equal opportunity to invest in the success of some of the world’s most accomplished, thoughtful entrepreneurs. 81-c is an operating company that is pioneering entrepreneurship as an asset class, enabling anyone in the world to invest in our entrepreneur-led businesses that would normally never be available to the public.

Perks

True value: security tokens represent tangible, real-world assets. They represent ownership in a project or venture with an expectation of making a return on it.
Real-time exchange: blockchain technology powers smart contracts that make STO transactions happen in real time. There’s no waiting on a middleman to approve anything.
Liquidity: anything can be “tokenized” for easy buying and selling on approved exchanges. This brings increased liquidity to assets like real estate, which is generally difficult to turn into cash.
Protection: STOs must follow the guidelines set forth by the governing agency in the issuing country. These rules ensure that companies don’t misrepresent themselves or dupe investors.
Accountability: there’s a mutual sense of accountability between the company and the investor. The company is motivated to perform and deliver returns to the investor, who is motivated to take an early stake in promising companies to get them off the ground.

Use of Proceeds

Intermediary Fee: 6%

 Marketing: 94% - 25%

Working Capital: 0% - 52%

CF Offering Setup Reimbursement: 0% - 12%

Operations: 0% - 5%

 

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments; Inter company debt or back payments

Management Team / Advisory Board Bios

Dan Abbate - Co-Founder, CEO, Vice Chairman

Jess Merrell - Co-Founder, Chairwoman, VP

Deal Notes

Price per Share: $1.00

 

Terms of Class B Tokens

The Class B Tokens will represent a single share of Class B Token of the company, with rights and preferences as designated in the amended & restated articles of incorporation and summarized in the Offering Document.

  • Blockchain: ERC 1450
  • Exchanges: We currently intend listing the token on exchanges, but this may change, pending approval to list on such exchanges, changes to the regulatory landscape, or any other reason. Security Tokens may be eligible for trading on SEC approved alternate trading platforms as they become available. There is no guarantee that such a trading platform will be available at that time.

Material Terms

  • Voting Rights: Class B Token holders are not entitled to vote on any matter submitted for shareholder action, and the consent of the holders shall not be required for the taking of any corporate action.
  • Restrictions on Transfer: 1 year from closing of this Offering
  • Dividends/Distributions: Class B Tokens shall be entitled to receive 80% of any dividends or distributions of cash or other property. However, Class B Tokens shall not be entitled to receive any mandatory dividends or distributions of cash or other property but only such dividends or distributions as the Corporation declares from time to time in its sole discretion.
  • Redemption Rights: The Company has no obligation to redeem Class B Tokens.
Amount Raised : $79,181
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