StartEngine Crowdfunding, Inc. announced that it expects to receive $0.37017 million in funding
April 29, 2020
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STARTENGINE CROWDFUNDING, INC. announced a private placement of minimum of 889 common shares and maximum of 32,904 common shares at a price of $11.25 per common share for minimum gross proceeds of $10,000 and maximum gross proceeds of $370,170 on April 30, 2020. The company is raising funding through crowd-funding platform truCrowd. The company will accept oversubscriptions in the transaction. The company will issue securities pursuant to exemptions provided under Regulation C. The minimum investment accepted is $500. The valuation of the company is $190,000,000. The company will pay 6.5% which is $24,061.05 as an intermediary fees in the transaction. The transaction is expected to close on April 30, 2021.
StartEngine Crowdfunding, Inc. is focused on developing a startup financing model, which helps both accredited and non-accredited investors to invest in private companies on a public platform. The Company operates as a technology platform connecting issuers and investors, as a broker-dealer and as a Regulation Crowdfunding funding portal. Its offerings include Regulation A Offerings, Regulation Crowdfunding Offerings and Rule 506(c) Offerings. Its products and services include StartEngine OWNers Bonus, StartEngine Secure, StartEngine Premium, StartEngine Primary, StartEngine Secondary, StartEngine Assets and StartEngine Private. StartEngine Private provides accredited investors the opportunity to purchase membership interests in funds (SE Funds) which own shares of venture-capital backed, late-stage private companies. StartEngine Secure offers transfer agent services, which include tracking each investorâs account information and the amount of securities purchased and date purchased.
STARTENGINE CROWDFUNDING, INC. 
