Maximum 1,070,000* shares of Common Stock deliverable as "Sepia Coins" ($1,070,000)
*Maximum subject to adjustment for bonus shares. See 10% Bonus below
Minimum 10,000 shares of Common Stock deliverable as "Sepia Coins" ($10,000)
|Corporate Address||2225 East Bayshore Road, suite 200, Palo Alto, CA 94303-0322|
|Description of Business||Personal image management platform - allowing consumers to use their favorite images and photos for secure mobile in-store transactions|
|Type of Security Offered||Common Stock, distributed in token form as "SepiaCoins." (the "Share", or "Securities")|
|Purchase Price of Security Offered||$1.00|
|Minimum Investment Amount (per investor) ||$600.00|
Early Bird Discount
Investors who invest on or before October 31, 2018 will receive a 10% early bird discount on the price per share ($0.90).
Discount coupon for 30% off the purchase price of future potential company products and services, up to an aggregate of $1.00 times the number of SepiaCoins purchased, exclusive of any offering discount in this offering. For purposes of clarity, if an investor purchases 1,000 SepiaCoins, such investor shall receive a 30% discount on their purchase of up to $1,000 of our future products and services.
Free secure mobile vault utility application, if and when developed and release.
Free Blockchain account and image valet services for each investor, if and when developed and released.
*All perks and tokens will be delivered after the campaign is completed, and upon availability of the Tokens.
Terms of Token
Description: The electronic tokenized share, "SepiaCoin", will represent a single share of common stock of the company, with rights and preferences as designated in the articles of incorporation and summarized in the Offering Document.
- Blockchain: ERC-20 compliant
- Exchanges: Subject to statutory holding periods, the Company intends to seek listing on licensed token exchanges, when launched
- Voting Rights: 1 vote per SepiaCoin, and the SepiaCoins will be subject to a voting proxy granted to the CEO or successor.
- Restrictions on Transfer: 1 year from closing of this Offering; Notification to Company; Transfer must be conducted in compliance with securities laws.
- Dividends/Distributions: Dividends/distributions are pro rata among all token holders if and when declared by the Board. The tokens do not have a right to dividends or distributions.
- Redemption Rights: None.
- Other: None.
The Company currently does not have a functional distributed ledger based business model nor a blockchain based token and there is no guarantee that such will be developed in the future. The promise of future tokens is contingent upon the successful development of such items by others. There is no guarantee that successful development will ever occur. The right to receive future tokens and the offering of future tokens is being offered as part of this offering exempt from registration under Regulation CF.
The 10% Bonus for StartEngine Shareholders
Metasepia will offer 10% additional bonus shares 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 shares you purchase. For example, if you buy 100 shares of common stock at $1 / share, you will receive 10 common stock bonus shares, meaning you'll own 110 shares for $100. 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 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: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment".
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.