BeachBox offering is now closed and is no longer accepting investments.

A smart, safe, portable storage solution

INVEST IN BEACHBOX TODAY!

Beach Box is aiming to revolutionize the portable storage space by giving customers the ability to securely store personal belongings within reach. Beach Box is a portable safe, speaker, and USB charging station created to store valuables while allowing users to listen to music. ​​Our company is pre-revenue, we currently do not have our product available on the market, but do intend to launch this year.
... Show more
This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
BeachBox

Reasons to Invest


  • Beach Box restores peace of mind and convenience when visiting beaches, pools, and amusement parks by reducing the chance of theft of personal belongings, in our view.  


  • We believe we are entering an untapped market that has yet to be truly exploited.


  • We offer a unique product in a market with little to no competition, according to our research. We feel we are solving a problem and enhancing the beach experience at the same time.

Overview


Beach Box is working to revolutionize the portable storage space


How can one truly relax at the beach, when you constantly are looking over your shoulder, making sure no one steals your belongings while going for a swim. Most people are tired of having a friend stay behind to watch, or resorting to burying things in the sand. The beach itself is supposed to be an escape, not a place to worry. 


At Beach Box, we are here to restore peace of mind and convenience when visiting these destinations by reducing the chance of theft of personal belongings. 


*The above is a prototype of a future product. Product is still currently under development and is not yet available on the market.


We are seeking to bring the industry a portable safe, speaker, and USB charging station created to store your valuables, allowing users to not only protect items but also listen to music at the same time. Beach Box can even use GPS, geofencing, and audible alarms to warn if the box is moved too far. 


All in all, we are here to enhance a relaxing day by creating solutions for better safety.


*The above is a rendering of a future product. Images are computer generated demo versions. Product is still currently under development not yet available on the market. Anticipated features shown in this graphic are subject to change.

The problem


Beach theft is a real problem




It happens all the time which deters beach and pool goers from bringing some of their favorite forms of entertainment. 


At Beach Box, we intend to make people feel safe and secure while having a good time. We want our users to feel like they can trust us with their valuables, while enhancing their beach, pool, or amusement park experience. 

The Solution


A smart, safe, portable storage solution

*The above is a prototype of a future product. Product is still currently under development and is not yet available on the market.


We believe we give people an easy security option on the beach while providing the convenience of a device charger and speaker and entertainment system.


And we are seeking to make it pretty easy too. Customers can find a Beach Box through GPS tracking, and lock belongings up to safeguard against theft. It works like this:


*The above is a rendering of a future product. Images are computer generated demo versions. Product is still currently under development not yet available on the market.


We anticipate that Beach boxes will use three lines of defense when it comes to protecting valuables - and yes, this is to ensure no one picks up the box and runs off with it. 


1st line - GPS, Geofencing, Alarms. When the box is moved more than 20 feet from where it is set down/paid for it will alarm like a car

2nd line - Equipped with 4 cameras on each side of the box to discourage theft

3rd line - Insurance policy through State Farm to identify the user for property theft


Here’s a closer look at our  safety specs all together:


*The above is a rendering of a future product. Images are computer generated demo versions. Product is still currently under development not yet available on the market. Anticipated features shown in this graphic are subject to change.


We have a rental business model similar to major scooter companies, but what makes us unique is that we have chosen to modernize this model by creating a rentable security solution that’s not only safe, but also portable.


The Market


160 M+ visitors hit the most popular US beaches annually


Beaches are among the most popular destinations when it comes to traveling in the US, meaning there is a $1.2 billion addressable market. (source


Source: Newsweek


In our view, there aren't any adequate solutions like ours in the market. We think Beach Box is a unique, attractive product that has an advantage in the industry. We believe our competition just doesn’t hit all the marks quite like our solution.


*The above is a prototype of a future product. Product is still currently under development and is not yet available on the market.

Our traction


We're already making waves


Beach Box has been getting attention from some major beachfront destinations in Miami. With that, we feel we are already proving scalability.


Here's more on our milestones:


*The above is a rendering of a future product. Images are computer generated demo versions. Product is still currently under development not yet available on the market.

Why Invest


We would like to be a household name for portable storage


And with that, our goal is to become incorporated into security features for hotels, homes, parks, festivals, pool parties, and so much more.


In the next 3-5 years, we hope to produce and rent on a large scale in the US and globally. 

*The above is a prototype of a future product. Product is still currently under development and is not yet available on the market.


We are planning to use this raise towards marketing efforts, building a sales team, with the goal to scale the company from 100 boxes to 5,000 boxes in inventory. 


Overall, we think this is the right place and time because…


  • Covid has created an outdoor preference when it comes to gathering (source)
  • With crime rising in populated cities, people are wanting to feel safe (source, source)
  • Scooters and other rental services set precedence for shared economy (source)
  • People are more familiar with renting via QR Codes (source)
  • We believe beach and pool security is in need of an overhaul


Invest in Beach Box today, and invest in a safer way to have a good time. 


*The above is a prototype of a future product. Product is still currently under development and is not yet available on the market.


THE OFFERING MATERIALS 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.

ABOUT

HEADQUARTERS
1300 Memorial Drive Southeast, Unit 18
Atlanta, GA 30317
VALUATION
$8M

Beach Box is aiming to revolutionize the portable storage space by giving customers the ability to securely store personal belongings within reach. Beach Box is a portable safe, speaker, and USB charging station created to store valuables while allowing users to listen to music. ​​Our company is pre-revenue, we currently do not have our product available on the market, but do intend to launch this year.

TEAM

Austin Igein
Austin Igein
CEO and Co Founder / Acting CFO

Austin Igein is an IT Professional Services and Management Consulting professional with over 8 years of experience and knowledge in leading diverse teams in GRC Technology, IT Security Risk Management, Enterprise Risk Management and Technology projects to achieve optimal results. Experience spans a wide spectrum of industries including Energy & Utilities, Healthcare, Manufacturing, Insurance and the unique challenges associated with each.  

Darius Swain
Darius Swain
CIO and Co Founder

Darius Swain is a former IT Audit professional for KPMG, LLP, and Cyber Security Engineer (Governance) for Delta Air Lines. Darius is a very passionate and results-driven individual that seeks challenging projects. He has held jobs in which he gained valuable technical, client facing and project management skills. He has also developed an IOS application, Jeffery - Task Manager, which is currently downloadable through the Apple App Store. 

Darius works part-time for Beach Box Safe, Inc. Darius works 20 hours per week at Beach Box Safe, Inc.

Austin Helm
Austin Helm
Marketing and Sales Lead

Austin Helm is a Sales and marketing expert with hands on experience selling direct to consumer. He can convert leads into paying customers while managing day to day activities. Currently located in Fort Lauderdale/Miami which is the target market for our first 100 beach boxes. Austin will be responsible for managing the day to day operations on the beach and the logistics to keep these boxes charged and in- use.

Austin works part-time for Beach Box Safe, Inc. Austin works 10 hours per week at Beach Box Safe, Inc.

Ward Broom

Ward Broom

Board Member

Ward Broom is a Georgia Tech Alumni with a background in Mechanical Engineering and Computer Integrated Manufacturing. Ward has served on several boards including Beach Box, WasteWizer, and Atlanta Technology Angels. Boards is active in the startup community in Atlanta and angel invests in his spare time.

Ward works 1 hour per week at Beach Box Safe, Inc.

TERMS

BeachBox
Overview
PRICE PER SHARE
$69.57
DEADLINE
Oct 28, 2022
VALUATION
$8M
AMOUNT RAISED
$91,967.08
Breakdown
MIN INVESTMENT
$139.14
MAX INVESTMENT
$1,069,986.60
MIN NUMBER OF SHARES OFFERED
143
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Common Stock
MAX NUMBER OF SHARES OFFERED
15,380

Maximum Number of Shares Offered subject to adjustment for bonus shares


Company

:

Beach Box Safe, Inc.

Corporate Address

:

1300 Memorial Drive Southeast, Unit 18, Atlanta, GA 30317

Offering Minimum

:

$9,948.51

Offering Maximum

:

$1,069,986.60

Minimum Investment Amount

(per investor)

:

$139.14











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

143

Maximum Number of Shares Offered

:

15,380

Price per Share

:

$69.57

Pre-Money Valuation

:

$8,000,550.00











*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.

Voting Rights of Securities Sold in this Offering

Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

Investment Incentives and Bonuses*

Time-Based:

Friends and Family Early Birds

Invest within 48 hours and receive 20% bonus shares

Super Early Bird Bonus

Invest within the first week and receive 15% bonus shares

Early Bird Bonus

Invest within the first two weeks and receive 10% bonus shares

Amount-Based:

$500+ | Tier 1

Invest $500+ and receive a computer sticker and 3 free uses of Beach Box.

$1,000+ | Tier 2

Invest $1,000+ and receive a computer sticker, T-shirt , and 5 free uses of Beach Box.

$2,500+ | Tier 3

Invest $2,500+ and receive a computer sticker, T-shirt , and 10 free uses of Beach Box.

$5,000+ | Tier 4

Invest $5,000+ and receive a computer sticker, T-shirt , and 15 free uses of Beach Box.

$10,000+ | Tier 5

Invest $10,000+ and receive a computer sticker, T-shirt , Dinner with a founder, and a personal Beach Box for your enjoyment!

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

Beach Box 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 Common Stock at $69.57 / share, you will receive 10 additional shares of Common Stock, meaning you'll own 110 shares of Common Stock for $6,957. 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 investor's 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 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.

ALL UPDATES

11.22.22

The Plastic is Arriving Soon!

Hi Beach Box Family,

Beach Box plastic has shipped from China and is arriving next week! We will be assembling Beach Box in the first 2 weeks of December and will do a soft launch with the product! Thanks for remaining patient as we get ready to launch!


10.10.22

Beach Box Production Run -- It's a Go!

Hi Beach Boxers,

We are excited to announce that our production run is a go! We have put together a final unit and are ready to produce 100 units.

It will take approximately 4-6 weeks to receive and assemble our final units. That being said we will be getting feedback from users on the beach, meeting with hotels, and stress testing the box.

We hope you are as excited as we are! We will continue to give updates of our progress.







10.05.22

All Parts Are In !

Hello Beach Box Family,

All parts are in and we are finally ready for assembly! Please give us until Monday to put together a final unit and do some functional testing.

Provided all goes well, we will give our manufacturing partner the go ahead to manufacture 100 units!

We are super excited!


09.26.22

Notice of Material Change in Offering

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the BeachBox offering. Here's an excerpt describing the specifics of the change:


Issuer is extending campaign end date.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

09.21.22

Go / No Go Decision - 10.3.2022

Hello Beach Box Family,

We ran into a few issues with our tooling but we have since remediated all issues. One of the issues we experienced was related to our hinge and lock solution. This is vital part of our product so it has caused some delays in production, but we are back on track for an October release.

Thank you for your patience. We are fitting our plastic pieces together this month and will have a Go / No Decision by 10.3.2022 to mass produce 100 units.

09.07.22

Beach Box gives you the storage you need!

Hello Beach Box Family,

Taking a moment to show you the types of valuables you can fit in Beach Box. As you can see we have put a phone, 2 wallets, keys, and there is plenty of space for so much more.

When creating Beach Box, we made sure to take into account its weight. Currently the box weighs just under 13 lbs. In the future, we hope to license our technology to cooler companies such as Yeti/Igloo to give larger storage areas.




08.24.22

The Main Boards Are In!

Hello Beach Boxers,

Beach Box main boards have been completed -- This marks our last electronic component needed to complete our 100 box pilot. 

We will be wiring these boards up and placing in our housing / molds shortly. 

Our launch is looking good for September!



08.18.22

Beach Box Keypad is Complete

Hello Beach Boxers,

We are getting to the wire of development and wanted to share that the Keypad and PCB board for the keypad are complete. Once you've downloaded our mobile application you will set a pin in our app -- After you've set your pin, located a box, and made a payment, your 6 Digit pin will sync down to Beach Box.

Please see our keypad below -- Please note the colors are not final and this is for prototype purposes only.


PBC Board for Keypad


Rubber Keypad and Housing


08.08.22

Tooling (V1) is complete!

Hello Start Engine Family,

Tooling iteration 1 is complete -- Our next step will be to assemble 2-3 units and then test these bad boys at the Beach. We are excited about our progress and we hope that you are following along as we build and deploy 100 boxes.


*** Please note the colors below are not the final colors of Beach Box ***





07.20.22

Beach Box screen development is complete

Hey Start Engine Family,

The Beach Box team has completed development of its screen. To connect your phone to Beach Box you will us the QR code on screen. The screen will also have other pertinent information like your name and whether the box is "Armed" or not. If the box is armed, you can move the box up to 20 feet before the alarm will fire.

Development is coming along smoothly, and we are excited to bring you along in our journey.
















Owners bonus
Stack Owner's Bonus & Rewards!

Members get an extra 10% shares in addition to rewards below!

REWARDS

Multiple investments in an offering cannot be combined to qualify for a larger campaign perk. Get rewarded for investing more into BeachBox.

$139.00

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.

$500.00

Tier 1

Invest $500+ and receive a computer sticker and 3 free uses of Beach Box

$1,000.00

Tier 2

Invest $1,000+ and receive a computer sticker, T-shirt , and 5 free uses of Beach Box.

$2,500.00

Tier 3

Invest $2,500+ and receive a computer sticker, T-shirt , and 10 free uses of Beach Box.

$5,000.00

Tier 4

Invest $5,000+ and receive a computer sticker, T-shirt , and 15 free uses of Beach Box.

$10,000.00

Tier 5

Invest $10,000+ and receive a computer sticker, T-shirt , Dinner with a founder, and a personal Beach Box for your enjoyment!

JOIN THE DISCUSSION













0/2500

HOW INVESTING WORKS

Cancel anytime before 48 hours before a rolling close or the offering end date.

WHY STARTENGINE?

REWARDSWe want you to succeed and get the most out of your money by offering rewards and memberships!
SECUREYour info is your info. We take pride in keeping it that way!
DIVERSE INVESTMENTSInvest 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.

@ 2022 All Rights Reserved

Apple Store Logo

Get To Know Us

Our Team

Careers

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.