Offering Summary
Company | :
| In Force Technology, Inc. |
Corporate Address | :
| 230 Broadway, Suite 201, Lynnfield, MA 01940 |
Offering Minimum | :
| $9,996.63 |
Offering Maximum | :
| $1,069,962.90 |
Minimum Investment Amount(per investor) | :
| $228.81 |
Terms
Offering Type | :
| Equity |
Security Name | :
| Class B Common Stock |
Minimum Number of Shares Offered | :
| 1,267 |
Maximum Number of Shares Offered | :
| 135,610 |
Price per Share | :
| $7.89 |
Pre-Money Valuation | :
| $11,998,425.57 |
Perks:
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 regulatory COVID-19 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 February 28, 2021, 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 shall not direct 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).* 10% Stock Premium for any investor who invests within the first 10 days!
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Company Perks*
Early Bird
Early Bird Bonus - First 10 days | 10% bonus shares
Volume
Tier 1 perk - ($1000 +) IF911 Sticker & Face Covering
Tier 2 perk - ($5,000+) IF911 Sticker, Face Covering & Stainless Steel Tumbler
Tier 3 perk - ($10,000+) Challenge Coin
Tier 4 perk - ($25,000+) Challenge Coin & Personal phone call with Company CEO
Tier 5 perk - ($50,000+) Personal phone call with CEO, Invitation for in-person or remote Meet & Greet and Challenge Coin
*All perks that occur when the offering is complete must be added right below the company perks.
The 10% StartEngine Owners' Bonus
IFT 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 Class B Common Stock at $7.89 / share, you will receive 110 shares of Class B Common Stock, meaning you'll own 110 shares for $789. 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 canceled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
The Company will not incur any irregular use of proceeds.
Most recent fiscal year-end:
Prior fiscal year-end:
Cash And Cash Equivalents
Risks
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
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