COVID Relief
COVID Relief
This offering is being conducted on an expedited basis due to circumstances relating to COVID-19 and pursuant to the SEC’s temporary COVID-19 regulatory relief set out in Regulation Crowdfunding §227.201(z).
Expedited closing sooner than 21 days.
Further, in reliance on Regulation Crowdfunding §227.303(g)(2) A funding portal that is an intermediary in a transaction involving the offer or sale of securities initiated between May 4, 2020, and August 31, 2020, in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)) by an issuer that is conducting an offering on an expedited basis due to circumstances relating to COVID-19 shall not be required to comply with the requirement in paragraph (e)(3)(i) of this section that a funding portal not direct a transmission of funds earlier than 21 days after the date on which the intermediary makes publicly available on its platform the information required to be provided by the issuer under §§227.201 and 227.203(a).
Voting Rights of Securities Sold in this Offering
Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives and Bonuses*
Time-Based:
Friends and Family Early Birds
Invest within the first 48 hours and get 10% bonus shares.
Super Early Bird Bonus
Invest within the first week and get 7% bonus shares.
Early Bird Bonus
Invest in the first 14 days and get 5% bonus shares.
Amount-Based:
Community Leader ($500+)
COMMUNITYx box logo t-shirt
Justice Warrior ($1,000+)
COMMUNITYx Long Sleeve (Themes Available: Police Misconduct or Climate Crisis)
Receive Bronze Investor Badge on COMMUNITYx App
The People’s Choice ($2,500+)
COMMUNITYx Long Sleeve (Themes Available: Police Misconduct or Climate Crisis)
Receive Silver Investor Badge on COMMUNITYx App
COMMUNITYx box logo t-shirt
5% bonus shares
The Changemaker ($5,000+)
COMMUNITYx Long Sleeve (Themes Available: Police Misconduct or Climate Crisis)
Receive Gold Investor Badge on COMMUNITYx App
COMMUNITYx box logo t-shirt
Zoom call with the Founders
7.5% bonus shares
Global Citizen ($10,000+)
COMMUNITYx Long Sleeve (Themes Available: Police Misconduct or Climate Crisis)
Receive Gold Investor Badge on COMMUNITYx App
COMMUNITYx box logo t-shirt
Zoom call with the Founders
Opt-in to observe 1 board call (timing will be decided by The Board)
10% bonus shares
The 10% Bonus for StartEngine Shareholders
CommunityX, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $1.50 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $150. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
*All perks occur when the offering is completed.
