Better World Spirits Better World Spirits’ canned cocktails will be produced in Pennsylvania. Whether having grown up or migrated here, everyone on our team feels a strong sense of belonging and is proud to call Pennsylvania “home”. That’s why we want to give back - to support our communities and our neighbors. While the specific options are still being weighed, our commitment and involvement will yield tangible benefits. We look forward to making the world a better place, one toast at a time. Canned cocktails are relatively new to the hard beverage market. The consumer’s choices are mostly limited to malt-based concoctions of familiar varieties such as root beer. Better World Spirits’ offerings will be true artisanal-recipe drinks that are blended with vodka in unique and refreshing flavors, and packaged in special 12-ounce cans that are convenient and environment-friendly. Better World Spirits is a Pennsylvania-based producer of artisanal canned cocktails. With a range of unique & attractive flavor profiles, Better World Spirits will tap into the new and growing canned cocktail market. Formed as a benefit corporation, with plans to support sustainable and urban agriculture, BWS is part of the movement to make a difference while making a profit. We invite you to join us. How much can I invest? 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, they are limited to investing 10% of the greater of the two amounts. When I invest, what am I purchasing? You are purchasing the securities described in the offering documents, such as a convertible note or SAFE. These securities represent an investment amount and may convert into equity in the future according to their terms. How to open a Self-Directed IRA on StartEngine? StartEngine makes it easy to invest using your retirement funds. You can open a self-directed IRA account through StartEngine. To get started, simply visit our IRA page for more information and step-by-step instructions. Already have a self-directed IRA with another provider? You can still invest on StartEngine, but please note that the process will be manual and may take longer to complete. When will I receive confirmation of my investment? 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. What will the return on my investment be? StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list securities 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. Can I cancel my investment? 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 cancellation period. Once the four-hour window has passed, it is up to each company to set their own cancellation policy. You may find the company’s cancellation 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 be sent back to the account associated with the investment. What is the difference between Regulation Crowdfunding and Regulation A+? Both Title III Regulation Crowdfunding and Title IV Regulation 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, learn about Regulation Crowdfunding, and for Regulation A+, learn about Regulation A+.
