We are so happy to announce that we successfully completed Phase I ($107K) of our Online Public Offering and were OVER-SUBSCRIBED beyond the $106,640 amount authorized in Phase I. The Compliance Team at Startengine has reviewed and approved our CPA reviewed financials, so that means is that we have now been authorized to commence Phase II ($1M) of our Online Public Offering and Startengine has notified everyone that they have filed an amended SEC filing so we now have another 64 days to raise a total of $1,075,000.00 of which we have raised just over $118,000 now.
This campaign has been incredible - it has not just raised capital from people who care about green, clean, hurricane-protected, aquaponic sustainable agriculture and want to do something about it, but also connected us with people all around the US and beyond (we have attracted investors not only from 26 US states and Puerto Rico, but from Switzerland, Chile, Australia, Singapore and India so far).
We want to share some quick facts about our Campaign. We have had 197 prospective investors who Clicked the Invest Button. Of those, we have had 66 investors make 72 investments for a total of just over $118K as of today. We also have 141 Startengine Campaign Followers. What that means is that we have 131 of you receiving this email who are sitting on the fence.
We'd like to invite you to join as an IMPACT INVESTOR in our Campaign to help us finalize our efforts to build out our Hurricane-Protected Aquaponic Vertical Farm in Puerto Rico. Making an investment in Aquaponics will help make Puerto Rico the poster-child for agricultural food sovereignty!
While we've completely sold out through the early adopters and fast movers on Phase I, we don't want you to miss out on Phase II. We don't want you to say, "Dang, we should have bought into Fusion Farms!" so we don't want you to miss out on Phase II.
Please visit https://www.startengine.com/fusionfarms and we hope to include you in our growing list of Investors! We also appreciate the likes, shares, comments and great words of encouragement so thank you for that as well!
Lisa and I were able to attend the "Puerto Rico is Open For Green Business" Summit at the San Juan Convention Center today (https://www.greenbusinesspr.com/), so it was exciting to hear all the opportunities Puerto Rico has to turn around the devastation from Hurricane Maria to an opportunity to set a new course for the Island.
CLICK HERE to see some pictures of our time at the event, including photos of both of us with Governor Ricardo Rosselló Nevares.
Depending on which social media site(s) you prefer, you can follow our progress and stay connected with us at:
Please Like us on https://www.facebook.com/FusionFarmsPR
Please connect with our company page on https://www.linkedin.com/company/fusion-farms-pr
Please follow us on https://twitter.com/fusionfarmspr
Please follow us on https://www.instagram.com/fusionfarmspr/
Please Like our videos at https://vimeo.com/fusionfarms/
You can always check our progress on the Fusion Farms Website and we're excited that our story has been covered in over 140 media outlets (Fox, ABC, CBS, NBC, CW, Telemundo, and numerous radio and print publications!!!) so you can see those at https://www.fusionfarmspr.com/press-releases/.
As you will see on our Campaign Page, On April 17, 2019, Fusion Properties Managment Group, Inc. (d/b/a Fusion Farms) filed an amendment increasing the authorized shares of Common Stock of the Company from 20,000 to 860,000. At the same time, the Company effected a 43:1 stock split, increasing the pre-offering shares outstanding from 10,000 to 430,000.
All shares issued in this Offering at $430 per share prior to April 17th were included in the stock split, and as a result of the stock split, will own 43 shares of common stock for each share purchased prior to the amendment, resulting in the same percentage of ownership of the Company.
All shares sold in the offering subsequent to the amendment will be sold at a price per share of $10.
The pre-money valuation of $4,300,000 has not been affected by this corporate action.
Please let us know if you have any questions and again, thank you from the bottom of our hearts for your support. We are humbled and appreciative of all the investors who have gotten us to this point!
Best personal regards,
Kendell & Lisa