INVEST IN 5 GENERATION BAKERS TODAY!
We believe we're the best cinnamon swirl bread in the world. The very nature of our signature products—round, all-natural, small batch, artisan cinnamon swirl loaves—provides natural barriers to competition: the costs and hassles associated with baking in the extremely expensive but necessary “crimp pans,” discourage competition.
GROWING IN A BIG INDUSTRY! The $30 billion baking industry has room to grow. Breakfast foods, clean formulas, and minimally processed baked goods are trending. 5 Generation Bakers, with over 70% growth since 2019, has the capacity to continue this direction.*
AWARD-WINNING! Our QVC partnership has expanded our brand. In 2022, we shipped to over 80,000 homes in all 50 states — strong sales in the West have demonstrated to us, beyond any doubt, the nationwide appeal of our breads. Plus, we received the QVC Customer Choice Award for Best Bread!
*Information from Chron (Source)
THIS WEBPAGE MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
the pitch
At 5 Generation Bakers, we have been selling our beloved Jenny Lee Swirl Bread across the U.S. for 12 years. Our major partnership with QVC has catapulted us to nearly $4 million in revenue in 2022 and more than 20% growth for two years running. We are ready to expand into new spaces including CBD, keto and gluten-free, and other baked goods such as cookies, bars, cakes, and whoopie pies. Join us as we bring generations of love for sticky goodness to consumers across the country.
Overview
We call ourselves 5 Generation Bakers for a reason: our founder’s family has operated bakeries for at least the past five generations. The Jenny Lee brand name has been a Pittsburgh icon since the 1930s, and now we’ve taken it national. Even as we carry on the family tradition, we innovate through new product lines and sales channels such as QVC and Hemp Bakers, our line providing some of the first CBD baked goods in a new and explosive market.
The Problem & Our solution
Typically found in small retail family bakeries, our type of swirl bread has been difficult to commercially manufacture, leaving a gap in the market for a national swirl bread brand. Some volume wholesale bakeries sought to fill this gap with their over-emulsified, preservative-laden sandwich breads by adding a cinnamon swirl. We designed a swirl bread manufacturing process to ensure profitability and commercial success while maintaining the small-batch, traditional quality of our product.
Our clean formula, cylindrical shape, and butter-cinnamon sugar coating help us stand out in the market. Most recently, we won QVC’s Customer Choice Award for Best Bread. As a specialty bakery, we command a stronger margin than commercial wholesale bread bakers. We sell our products to retailers, restaurants, food service operators, other manufacturers and directly to consumers. Our innovative new baked goods serve the rapidly expanding CBD, Keto, and gluten-free markets.
the market & Our Traction
The baking industry is valued at over $30 billion, growing at a rate of 4.1% year over year (Source | Source). Bread and breakfast items account for nearly a third of the market, the category we best occupy. Trends over the past two years show specialty bakeries growing even more rapidly with increased direct to consumer sales.
We have trademarked both our Jenny Lee and Hemp Bakers brands. We have loyal relationships with our co-packers, with agreements currently in talks to expand. Our business has grown by 20% year-over-year in both 2021 and 2022. QVC sales alone have grown by 265% in 2022, having reached 80,000 homes across the U.S. We have achieved all this growth with only one product, and now we have three new items coming to market in the coming months.
While our growth with QVC is impressive, 10 of our top 12 customers also grew in 2022! Our next three 'customers' include Vlore, allowing us to enter hundreds of Food Service/Restaurant channels, Michael Foods which has grown to 2/3 trucks a month for French Toast, and retail distributors featuring Jenny Lee Swirl Breads in bakery departments (Source).
*The above testimonials may not be representative of the opinions or the experiences of other customers and is not a guarantee of future performance or success.
*The above testimonials may not be representative of the opinions or the experiences of other customers and is not a guarantee of future performance or success.
Why Invest
We generated nearly $4 million in revenue in 2022 using just one production line, and we believe we have the capacity for additional lines to expand our revenue even further. The $4 million was done in one shift that averaged about 45-50 hours of line time last year. That could be extended to up to 120 hours (ideal 2-shift max would be 100 hours) which doubles revenue generated from that line and space to add additional lines. We estimate the production line revenue capacity is between $10-12M and facility capacity north of $25M. The facility capacity would only require investment in new equipment, and space expansion would allow for additional revenue growth.
Most recently, we have begun forming partnerships with other bakery manufacturers to produce new products including gluten and keto-friendly swirl breads, pepperoni rolls, cookies, bars, cakes, whoopie pies, and more. Join us as we bring our delicious, small-batch swirl breads beloved by generations of customers to the entire country.
5 Generation Bakers, LLC ("5 Generation Bakers" or the "Company") produces artisan cinnamon swirl breads and other clean quality baked goods. Our Retail and Foodservice channels to the consumer flow through dozens of distributors such as UNFI, Lipari Foods, US Foods, Reinhart, and many more. In addition, our partnership with QVC has created national meteoric growth and we were awarded their Customer Choice Award winner for Best Bread in 2022.
Scott’s work history includes working for Jenny Lee Bakery as a full time production employee while he was enrolled as a full time student in the University of Pittsburgh’s College of General Studies. During his Pitt career, he took a semester off to attend the American Institute of Baking and received his degree in the Science and Technology of Baking. After receiving his CBT, Scott accepted a position with City Pride Bakery in Pittsburgh, PA. Scott graduated from Pitt in 1994 with a business degree and rejoined the family business the following year.
When Jenny Lee Bakery closed a few months shy of its 70th anniversary in 2008, Scott’s first move was to secure the trademark rights to the Jenny Lee brand name and soon began creating a business plan for his new bakery. Nearly 2 years later, in February of 2010, he fired the ovens up once again. In the time since then, 5 Generation Bakers has reached customers in over 5000 supermarkets, retailers, restaurants and food service operators from Chicago to the East Coast, France, Japan and Trinidad. 5 Generation Bakers was named one of the fastest growing private companies in Pittsburgh by the Pittsburgh Business Times for four years in a row as well as three consecutive years on Inc. Magazine’s “Inc. 5000” list of the fastest growing private companies in America.
Bernie Baker
Director of Bakery Operations
Steve Percifield
Vice President of Sales
Spreading his wings, he left the business three years later, working for some of the largest bakery-supplying companies in the industry, DCA Food Industries, Bessire & Co., and L. Karp & Sons (Karp’s), serving as assistant marketing director, plant manager and wholesale account executive at DCA, marketing director and board member at Bessire, and vice president marketing and national sales, and board member at Karp’s.
At Bessire, manufactured product sales doubled and there was a 200% turn-around in the bottom line. At Karp’s, during his nearly 13-years there, the company went from declining sales of manufactured items to over a 20-fold increase with sales exceeding $100MM.
Beginning his work with 5 Generation Bakers in fall of 2011, in three months he expanded distribution to the Chicago-area, and expanded it further to include distributors in MI, WI, NE, and Minneapolis, who between them cover 18 states.
Jessica A Neal
Director of HR
Vince Tebalt
Director of Logistics- Supply Chain Manager
Tyrone Baskins
Production Manager and Talent Coach
Mark Michalski
Regional Sales Manager
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of units offered subject to adjustment for bonus units. See Bonus info below.
Investment Incentives & Bonuses*
Loyalty Bonus:
Employees and Previous Investors
25% bonus units
Time-Based:
Friends and Family Early Swirls
Invest within the first 48 hours and receive 25% bonus shares
Super Super Early Swirls
Invest $500 within the first 5 days and receive 20% bonus shares
Super Early Swirl s
Invest $500 within the first week and receive 15% bonus shares
Early Swirl s
Invest $500 within the first two weeks and receive 10% bonus shares
Amount-Based:
$250+ | Tier 1 On the Rise
Invest $250 and receive a $10 Gift Certificate for online purchases
$500+ | Tier 2 Time to Bake
Invest $500 and receive a complimentary Sampler Pack of Jenny Lee Swirl Bread
$1,000+ | Tier 3 A Crust Above
Invest $1000 and receive a complimentary Jenny Lee Swag Bag and 10% bonus units
(Jenny Lee Swag Bag includes in a canvas tote bag: loaves of Jenny Lee Breads, Sticky Buns, Toaster Tongs and Recipe Cards.)
$2,500+ | Tier 4 Making Dough
Invest $2500 and receive a Complimentary Jenny Lee Swag Bag and 15% bonus units
(Jenny Lee Swag Bag includes in a canvas tote bag: loaves of Jenny Lee Breads, Sticky Buns, Toaster Tongs and Recipe Cards.)
$5,000+ | Tier 5 Butter makes it Better
Invest $5000 and receive a Complimentary Jenny Lee Swag Bag, a limited edition Jenny Lee Swirl Bread Shirt, a Case of Assorted Jenny Lee Breads, and 20% bonus units
(Jenny Lee Swag Bag includes in a canvas tote bag: loaves of Jenny Lee Breads, Sticky Buns, Toaster Tongs and Recipe Cards.)
$10,000+ | Tier 6 Sweet Dreams are Made of These
Invest $10,000 and receive a Complimentary Jenny Lee Swag Bag, a limited edition Jenny Lee Swirl Bread Shirt, a year supply of Jenny Lee Swirl Breads, a framed Certificate of Ownership, a bakery tour, and dinner with our Founder and 25% bonus units. Participants must provide their own travel costs and arrangements.
(Jenny Lee Swag Bag includes in a canvas tote bag: loaves of Jenny Lee Breads, Sticky Buns, Toaster Tongs and Recipe Cards.)
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus units from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
5 Generation Bakers, LLC will offer 10% additional bonus units 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 units they purchase in this offering. For example, if you buy 100 Class B Units at $4.91 / unit, you will receive 110 Class B Units, meaning you'll own 110 units for $491. Fractional units will not be distributed and unit bonuses will be determined by rounding down to the nearest whole unit.
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 receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus and 25% Loyalty Bonus in addition to the aforementioned bonus.
Irregular Use of Proceeds
Example - 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"; Any expense that is for the purposes of inter-company debt or back payments.
06.05.23
Our business just keeps growing! Fresh last week on the shelves of Pittsburgh area Costco Stores is the Jenny Lee Cinnamon Raisin Swirl TWIN PACK!
Shoppers flocked to the displays and created a buzz in the stores over the weekend!
We are only 5 NEW INVESTORS away from 100. We need your help to break this milestone before June 8th. Please share our campaign with your family and friends and encourage them to check out 5 Generation Bakers and Jenny Lee Swirl Bread. We can't do this without you and appreciate all of your support!
More announcements coming within the next week with regards to new customer development. Stay tuned! :)
Scott
05.31.23
For the 3rd year in a row, the Queens University of Charlotte club triathlon team won the USAT Collegiate Club National Championship! No doubt, these great student athletes were fueled by Jenny Lee Cinnamon Swirl Bread!
Congratulations to the Queens Collegiate Club Triathlon team for an unprecedented 3rd National Championship!
We're excited to partner with XXXXX XXXXXXXX XXXX ... tune in to find out! We've got some big news to announce next week so keep watch for our next update.
Memorial Day weekend is upon us and people everywhere will enjoy grilling out, backyard BBQ's, bonfires and burgers! Step your burger game up a notch with our Parmesan Garlic and Herb instead of a boring hamburger bun. Visit Jenny Lee Swirl Bread for incredible savings before our 143DAY promo code expires on May 31st. This Mr. Rogers Neighborhood inspired discount will save you $14.30!
Our breads are right for everyone. From picky kids that love that butter and cinnamon sugar coating - to mothers who want clean ingredient products for their families - to the older generations that appreciate old fashioned goodness. We appreciate when parents start their kids young. We LOVE this picture sent to us of a really cute Dax enjoying her first slice of our Strawberry Cinnamon Swirl Bread.
One of the goals that we set as we were planning our campaign is to introduce 100 brand new investors to the StartEngine platform within the first 30 days. After only 18 days, we're proud to announce that we're 73% of the way there! 27 new investors are needed in the next 2 weeks. Please share our campaign with your friends and family - especially those who have not participated in the StartEngine platform in the past. We can do this together!
Have a great weekend, I'm enjoying this ride with you!
Scott
05.23.23
Nearly everyone grew up watching Mr. Roger's Neighborhood and learned and enjoyed the many life lessons he shared. Mr Rogers taught about kindness, patience, compassion and community. His daily reminders provided fun and interactive ways for children to start thinking about more than just themselves. He liked us 'just the way you are'.
One of his favorite days was the 143rd day of the year. This Julian date usually falls on May 23rd - except in Leap Years when it falls on May 22nd. 143 was his coded way to tell you "I Love You" since there is 1 letter in "I", 4 in "Love" and 3 in "You". Thus 143 Day became a thing.
Pennsylvania has officially made 143 Day an official PA State Day of Kindness. There is a movement headed up by my friend Gregg Behr and his colleague Ryan Rydzewski to make this a National Holiday to honor Mr. Rogers' Legacy As they would tell you, 'We need more kindness in our lives'
Gregg and Ryan have continued in Mr. Rogers' footsteps with their actions, their passions and in their life endeavors. The duo have co-authored several books, most notably "When You Wonder, You're Learning". Their collaboration has lead to inspiring video productions that would make Mr. Roger's proud.
Today, they released a special installment of "Wonder With Us", in honor of 143 Day. If you've ever wondered how 5 Generation Bakers makes our famous Jenny Lee Swirl Bread, be sure to check this out! https://youtu.be/Jwc00XUVJB4
In recognition of 143 Day of Kindness, we've created a discount code at www.jennyleeswirlbread.com to help you spread some kindness. Use code: 143DAY at check out to save $14.30 off your order of $20 or more. Ship some swirl bread to someone you love today!
05.22.23
Anyone that knows me and my family know that Triathlon is a HUGE part of our lives. Not only do we compete, recreationally for Joella and I and as part of his Collegiate Club team at Queen's University for Zac, but we also host several triathlons throughout the year. This past weekend was the first of the year with the Spring Mighty Moraine Man Triathlon and what a great weekend it was.
Zac and I both raced this weekend
Nearly 400 athletes competed this weekend
We're proud to be a major sponsor of the race by providing Jenny Lee Swirl Bread for every athlete
The triathlon community has so many great people from all over with so many different experiences and perspectives. It's fun great to be involved and we love helping people lead a more active and fun filled lifestyle. With a little bit of Jenny Lee sweetness of course!
Oh yeah, the final Early Bird 10% bonus expires at 2:00 PM today. Thanks for being with us on this StartEngine ride!
Scott
05.18.23
We were honored to host Malik and Kaleigh from the Pittsburgh Public Schools Nutrition Group for a tour of the bakery today! We've been working with them the past several months to develop a Jenny Lee Breakfast Sandwich program for the 2023/2024 school year.
The menu has been approved and the Pittsburgh School students will be enjoying Jenny Lee Sausage Sandwiches for breakfast during their next school year!
In our debut year, we will be serving an estimated minimum of 139,100 Jenny Lee Breakfast Sandwiches!
05.16.23
So the first week is behind us and in that time, we raised nearly $100,000! The first week ended with $98,313.51 invested in Jenny Lee Swirl Breads. We're well on our way to hitting the goals we need to help our bakery recruit staff for a second shift. Once we break that $100K mark, our next focus will be on automation and process improvements for more efficiencies in production.
With the close of the first week, we now enter our last Early Bird offering that goes until next Monday at 2:00 PM.
These 70 different investors includes 56 people NEW to StartEngine! Thank you all for joining the 5GB ownership team!
Along with the great start to our campaign, we also had an incredible response to the Strawberry Cinnamon Swirl Breads launched on QVC. So much so that they sold out! With the Strawberry back in stock, we were asked to go on air again tonight between 7 and 8 PM on QVC2. Catch us on TV or Streaming live!
They have also scheduled us to be back in Studio for another live airing on June 14th. Details to follow.
Coming up these week, I'll be presenting to the McKees Rocks Historical Society on the history of Baker Family baking and particularly how it relates to the McKees Rocks Community. My family has been involved here for at least the last 4 generations including business, civil and community efforts. My great grandfather was once Mayor of McKees Rocks, my Uncle Chubby was McKees Rocks Post Master and my Aunt Catherine Baker Knoll was Pennsylvania State Treasurer and then Lt. Governor. While I had an early interest in politics, I cast my lot as an entrepreneur and someone that could aid our community that way. I've been a McKees Rocks Rotarian for more than a quarter century.
https://www.facebook.com/groups/129546890402006
But enough about me, let's talk about YOU! If you want to find out more on our history, my vision and how I plan to grow Jenny Lee Swirl Breads, please feel free to message me personally in the discussion section below.
Oh, and last Thursday was the official National EAT WHATEVER YOU WANT DAY and so in honor of that and in my thanks to you, I have created a 15% discount code on our website. Visit https://jennyleeswirlbread.com/collections/all-products and enter code: STARTENGINE15 at checkout for your instant savings!
Thanks!
05.12.23
I can't thank our fans enough! It's been a whirlwind of a first week and I'm so excited about all that we have accomplished. We came flying out of the gate with more than $65,000 invested in the first 48 hours. But more exciting than that is the attention the NEW Strawberry Cinnamon Swirl Bread is generating!
Not only did it sell out during it's debut airing on QVC on Tuesday, there was a waitlist of over 200 orders of people lining up to buy once it's restocked. It received so much interest from our fans that QVC is bringing me back on air next Tuesday evening. They also scheduled us for a special airing in June. Finally, they invited us to a first time Foodie Festival at Studio Park in early June! Key is that we have to bring an entirely NEW item so I'll have the R&D team working extra hours to see what we can drum up in time for the event.
Thanks for the support and I'm looking forward to this run ride with you all!
Picture is of my son Zac from December of 2010 when the bakery was less than a year old. Maybe he'll change the name to 6th Generation Bakers one day?! LOL
05.10.23
Today was such an exciting day for me. I've worked tirelessly over the past 9 months to develop this StartEngine campaign as I continued to build, grow and run this bakery. After all this time, to finally launch? All I can say is that it was an incredibly exciting moment to step into.
Couple that with the fact that QVC invited us to launch the Jenny Lee Strawberry Cinnamon Swirl Bread live during their Gourmet Holiday program with Sandra Bennett this afternoon. Sandra is an incredible host and good friend that advocated for us to be a part of the Spring products and programing that they are promoting right now.
Two big launches within 24 hours. And both to a degree of success... Over $30,000 in our first real day of the campaign and a SELLOUT of the Strawberry Cinnamon Swirl 4 pack!
Thank you to all who support our efforts to be the World's Best Cinnamon Swirl Bread!
Catch you all soon and please let me know how I can help answer any questions about Jenny Lee Swirl Bread.
Members get an extra 10% shares in addition to rewards below!
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$250+ | Tier 1 On the Rise
Invest $250 and receive a $10 Gift Certificate for online purchases
$500+ | Tier 2 Time to Bake
Invest $500 and receive a complimentary Sampler Pack of Jenny Lee Swirl Bread
$1,000+ | Tier 3 A Crust Above
Invest $1000 and receive a complimentary Jenny Lee Swag Bag and 10% bonus units (Jenny Lee Swag Bag includes in a canvas tote bag: loaves of Jenny Lee Breads, Sticky Buns, Toaster Tongs and Recipe Cards.)
$2,500+ | Tier 4 Making Dough
Invest $2500 and receive a Complimentary Jenny Lee Swag Bag and 15% bonus units (Jenny Lee Swag Bag includes in a canvas tote bag: loaves of Jenny Lee Breads, Sticky Buns, Toaster Tongs and Recipe Cards.)
$5,000+ | Tier 5 Butter makes it Better
Invest $5000 and receive a Complimentary Jenny Lee Swag Bag, a limited edition Jenny Lee Swirl Bread Shirt, a Case of Assorted Jenny Lee Breads, and 20% bonus units (Jenny Lee Swag Bag includes in a canvas tote bag: loaves of Jenny Lee Breads, Stick
$10,000+ | Tier 6 Sweet Dreams are Made of These
Invest $10,000 and receive a Complimentary Jenny Lee Swag Bag, a limited edition Jenny Lee Swirl Bread Shirt, a year supply of Jenny Lee Swirl Breads, a framed Certificate of Ownership, a bakery tour, and dinner with our Founder and 25% bonus units.
0/2500
a month ago
0
0
a month ago
1
0
a month ago
1
0
a month ago
1
0
a month ago
1
0
Cancel anytime before 48 hours before a rolling close or the offering end date.
We want you to succeed and get the most out of your money by offering rewards and memberships!
Your info is your info. We take pride in keeping it that way!
Invest in over 200 start-ups and collectibles!
With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
Important Message
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. INVESTMENTS ON STARTENGINE ARE SPECULATIVE, ILLIQUID, AND INVOLVE A HIGH DEGREE OF RISK, INCLUDING THE POSSIBLE LOSS OF YOUR ENTIRE INVESTMENT.
www.StartEngine.com is a website owned and operated by StartEngine Crowdfunding, Inc. (“StartEngine”), which is neither a registered broker-dealer, investment advisor nor funding portal.
Unless indicated otherwise with respect to a particular issuer, all securities-related activity is conducted by regulated affiliates of StartEngine: StartEngine Capital, LLC, a funding portal registered here with the US Securities and Exchange Commission (SEC) and here as a member of the Financial Industry Regulatory Authority (FINRA), or StartEngine Primary, LLC, a broker-dealer registered with the SEC and FINRA/SIPC . You can review the background of our broker-dealer and our investment professionals on FINRA’s BrokerCheck here. StartEngine Secondary is an alternative trading system regulated by the SEC and operated by StartEngine Primary, LLC, a broker dealer registered with the SEC and FINRA. StartEngine Primary, LLC is a member of SIPC and explanatory brochures are available upon request by contacting SIPC at (202) 371-8300.
Investment opportunities posted and accessible through the site are of three types:
1) Regulation A offerings (JOBS Act Title IV; known as Regulation A+), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Primary, LLC (unless otherwise indicated). 2) Regulation D offerings (Rule 506(c)), which are offered only to accredited investors. These offerings are made through StartEngine Primary, LLC. 3) Regulation Crowdfunding offerings (JOBS Act Title III), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Capital, LLC. Some of these offerings are open to the general public, however there are important differences and risks.
Any securities offered on this website have not been recommended or approved by any federal or state securities commission or regulatory authority. StartEngine and its affiliates do not provide any investment advice or recommendation and do not provide any legal or tax advice with respect to any securities. All securities listed on this site are being offered by, and all information included on this site is the responsibility of, the applicable issuer of such securities. StartEngine does not verify the adequacy, accuracy or completeness of any information. Neither StartEngine nor any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy, or completeness of any information on this site or the use of information on this site. See additional general disclosures here.
By accessing this site and any pages on this site, you agree to be bound by our Terms of use and Privacy Policy, as may be amended from time to time without notice or liability.
Canadian Investors Investment opportunities posted and accessible through the site will not be offered to Canadian resident investors. Potential investors are strongly advised to consult their legal, tax and financial advisors before investing. The securities offered on this site are not offered in jurisdictions where public solicitation for offerings is not permitted; it is solely your responsibility to comply with the laws and regulations of your country of residence.
California Investors Only – Do Not Sell My Personal Information (800-317-2200). StartEngine does not sell personal information. For all customer inquiries, please write to contact@startengine.com.
StartEngine’s Reg A+ offering is made available through StartEngine Crowdfunding, Inc. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. For more information about this offering, please view StartEngine’s offering circular and risk associated with this offering.
Orion Torcellini
a month ago
1
0