Maximum 33,437 shares* of Non-Voting Membership Units ($106,998.40)
*Maximum subject to adjustment for bonus units. See 10% Bonus below
Minimum 3,125 shares of Non-Voting Membership Units ($10,000)
|KOTA Longboards LLC|
|1400 S. Lipan St., Denver, Colorado 80223|
Description of Business
|Manufacture, sales and distribution of longboard skateboards, electric longboards and branded merchandise.|
Type of Security Offered
|Non-Voting Membership Units|
Purchase Price of Security Offered
Minimum Investment Amount (per investor)
EQUITY INVESTMENT | Minimum $400 investment
$3.20/unit│When you invest you are betting the company’s future value will exceed $3.0M.
All Investment Levels will receive:
- A KOTA Membership Unit Certificate and a KOTA Coffee mug
- Early Bird access to specials on new KOTA products.
- Option to become a KOTA Affiliate and receive a dividend for sales of KOTA products (5% of net revenue).
Invest $400 and receive the option to get a Personal Coupon Code allowing you to receive a free KOTA electric longboard by directing friends to purchase products on the KOTA website (15 sales over $300).
Invest $1,000 and receive the option to get a Personal Coupon Code allowing you to receive a free KOTA electric longboard by directing friends to purchase products on the KOTA website (10 sales over $300).
Invest $10,000 and receive and receive the option to get a Personal Coupon Code allowing you to receive a free KOTA electric longboard by directing friends to purchase products on the KOTA website (5 sales over $300).
Invest $15,000 and receive a sponsored trip to KOTA in Denver, CO ($1,000 max) to meet KOTA's Founders, your own KOTA Longboard and longboard lessons from KOTA Escadrille team riders. You also have the option to get a Personal Coupon Code allowing you to receive a free KOTA electric longboard by directing friends to purchase products on the KOTA website (5 sales over $300).
*All perks occur after the offering is completed.
The 10% Bonus for StartEngine Shareholders
KOTA will offer 10% additional bonus units for all investments that are committed by StartEngine Crowdfunding Inc. shareholders (with ≥ $1,000 invested in the StartEngine Reg A+ campaign) within 24 hours of this offering going live.
StartEngine shareholders who have invested $1,000+ in the StartEngine Reg A+ campaign will receive a 10% bonus on this offering within a 24-hour window of their campaign launch date. This means you will receive a bonus for any units you purchase. For example, if you buy 100 Non-Voting Membership Units at $3.20 / unit, you will receive 10 bonus Non-Voting Membership Units , meaning you'll own 110 Non-Voting Membership Units for $320. Fractional units will not be distributed and unit bonuses will be determined by rounding down to the nearest whole units.
This 10% Bonus is only valid for one year from the time StartEngine Crowdfunding Inc. investors receive their countersigned StartEngine Crowdfunding Inc. subscription agreement.
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000:
(a) additional R&D to expand current product lines or establish additional product lines.
(b) additional equipment purchases such as a larger air compressor and/or a CNC machine to enable us to automate board shaping, produce POP displays and create new products for sale.
(c) factory space improvements.
Most recent fiscal year-end:
Prior fiscal year-end:
Cash And Cash Equivalents
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.