*Maximum number of shares offered subject to adjustment for Bonus Shares. See Bonus Share info below.
Company Perks*
Audience-Based:
5% Bonus Shares for previous investors.
Time-Based:
Friends and Family Early Birds
Invest within the first 96 hours and receive 10% Bonus Shares.
Early Bird Bonus
Invest after the first 96 hours but within the first two weeks and receive 5% Bonus Shares.
Amount-Based (not "stacked" with time-based):
$1,000+
Invest $1,000+ and receive 2% Bonus Shares.
$5,000+
Invest $5,000+ and receive 5% Bonus Shares.
*All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
Lightsense Technology 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 Shares for any shares they purchase in this offering. For illustration, if an eligible StartEngine investor buys 100 shares of Series Seed Preferred Stock at $8.57 / share, that investor will receive 110 shares of Series Seed Preferred Stock, for an aggregate purchase price of $857. 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 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.
Subject to the provision related to the Owner's Bonus in the sentence following, 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 the Previous Investors' Bonus in addition to the aforementioned bonus.
As provided in the Company’s Restated Certificate of Incorporation, attached as Exhibit F, the issuance of Bonus shares to an investor will lower the per-share price of all such shares issued to such investor to reflect the issuance of such additional Bonus Shares (i.e., the Bonus Shares will have the same (lower) per-share price as all other shares being purchased, determined by dividing the total purchase price paid by the investor by the total number of shares acquired (including any Bonus Shares)—for illustration, if an investor purchases 100 shares for an aggregate investment of $875 and receives 10% Bonus Shares (resulting in 110 total shares), the per-share price (“Original Issue Price”) of each share issued to such investor (including each Bonus Share) will be deemed to be $7.7009 per share).
