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Categories
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Healthcare/Medical, Data/Analytics, Engineering, Technology
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Min Investment
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$249
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Offering Date
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October 24, 2022
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Expected Close Date
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April 30, 2023
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Target Raise
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$10.00K-$1.23M
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No. Investors
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831
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Security Price
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$2.35
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Valuation
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$49,937,500
- Number of Employees
- 9
- Cash
- $158,324
- Revenue
- $652,789
- Short Term Debt
- $89,424
- Cost of Goods
- $872,488
- Long Term Debt
- $1,427,500
- Net Income
- $441,251
Company Description
The Ability Hand™ by PSYONIC is an in-market prosthetic hand that offers users faster and more functional mobility at a fraction of the cost. Leveraging proprietary bionic technology breakthroughs, the hand replicates touch sensation for amputees, and is accessible to most Americans with upper limb differences because it is covered by Medicare.
Perks
Select this bonus
$249+ Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
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Super Early Bird Bonus
Invest within the first two weeks and receive 5% bonus shares
13
days
10
hours
56
mins
20
secs
Select this bonus
$500+ Investment
Tier 1
Invest $500+ and Join the Owner’s Group, which includes exclusive access to investor updates, webinars, and PSYONIC merch
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$1,500+ Investment
Tier 2
Invest $1,500+ and Receive 2% Bonus Shares + Join the Owner’s Group
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$2,500+ Investment
Tier 3
Invest $2,500+ and Receive 3% Bonus Shares + Joint the Owner’s Group
Select this bonus
$5,000+ Investment
Tier 4
Invest $5,000+ and Receive 5% Bonus Shares + Join the Owner’s Group
Select this bonus
$10,000+ Investment
Tier 5
Invest $10,000+ and Receive 10% Bonus Shares + 30-minute call with CEO/Founder Aadeel Akhtar + Join the Owner’s Group
Select this bonus
$20,000+ Investment
Tier 6
Invest $20,000+ and Receive 20% Bonus Shares + 30-minute call with CEO/Founder Aadeel Akhtar + Join the Owner’s Group
Key Deal Facts
PSYONIC’s Ability Hand™ offers those with limb differences the high-performance solution they deserve. We designed our bionic hand to be the fastest, and believe that it is the first of its kind to offer true multi-touch sensitivity (source). For what we believe is the very first time with a commercially available bionic hand, users can feel a vibration from multiple areas of the fingers when they touch an object!
The global market for prosthetics and orthotics is approaching the $2.8 billion mark and has the potential to expand as a population of about 3.5 million people are estimated to potentially experience limb loss by 2050 (source).
Prioritizing affordability, PSYONIC has worked diligently to ensure that our products cost less (source) and are covered by Medicare as well as private insurance (source).
Perks
Select this bonus
$249+ Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
Select this bonus
Super Early Bird Bonus
Invest within the first two weeks and receive 5% bonus shares
13
days
10
hours
56
mins
20
secs
Select this bonus
$500+ Investment
Tier 1
Invest $500+ and Join the Owner’s Group, which includes exclusive access to investor updates, webinars, and PSYONIC merch
Select this bonus
$1,500+ Investment
Tier 2
Invest $1,500+ and Receive 2% Bonus Shares + Join the Owner’s Group
Select this bonus
$2,500+ Investment
Tier 3
Invest $2,500+ and Receive 3% Bonus Shares + Joint the Owner’s Group
Select this bonus
$5,000+ Investment
Tier 4
Invest $5,000+ and Receive 5% Bonus Shares + Join the Owner’s Group
Select this bonus
$10,000+ Investment
Tier 5
Invest $10,000+ and Receive 10% Bonus Shares + 30-minute call with CEO/Founder Aadeel Akhtar + Join the Owner’s Group
Select this bonus
$20,000+ Investment
Tier 6
Invest $20,000+ and Receive 20% Bonus Shares + 30-minute call with CEO/Founder Aadeel Akhtar + Join the Owner’s Group
Management Team / Advisory Board Bios
Whitney Akhtar, LCSW
Director of Human Resources
Experienced social worker and mental health/trauma care expert
Jesse Cornman
Director of Engineering
Award-winning engineer, tinkerer, and hacker with over 10+ years of experience building robots
James Austin, MS
Lead Mechanical Engineer
Award-winning engineer from one of the world's top prosthetic research labs at the University of Alberta
Anissa Akrout, DPT, ME
Clinical Support Specialist
Doctor of physical therapy and biomedical engineer
Lucy Zhang
Director of Operations
Manufacturing efficiency expert with engineering degree from the University of Illinois at Urbana-Champaign