N-Gen Technologies offering is now closed and is no longer accepting investments.
Giving Power to the People!
INVEST IN N-GEN TECHNOLOGIES TODAY!
REASONS TO INVEST
ABOUT
13393 Samantha Ave
San Diego, CA 92129
$12M
TEAM
Alan Holsapple
Chris Anthony
Steve Fambro
Electrical Engineering Genius
Jim Shaffer
Mechanical Engineering Genius
Bill King
Mechanical Engineering Genius
Sarah Mori
Tech and Admin Genius
TERMS
Overview
Breakdown
Maximum Number of Shares Offered subject to adjustment for bonus shares
Maximum 107,000 shares of common stock ($1,070,000)
Minimum 1,000 shares of common stock ($10,000)
Maximum investment amount equals 10,700 shares of common stock ($107,000)
Minimum investment amount equals 10 shares of common stock ($100)
| Company | N-Gen Technologies, Inc. |
| | |
| Corporate Address | 13393 Samantha Ave., San Diego, CA. 92129 |
| | |
| Description of Business | N-Gen Technologies is a power generation company focused on distributed electrical production. N-Gen's first product is a Home Power Appliance where consumers can generate their own electricity more cost effectively than the utilities with less pollution. |
| | |
| Type of Security Offered | Common Stock (the "Shares", or the "Securities") |
| | |
| Purchase Price of Security Offered | $10.00 |
| | |
| Minimum Investment Amount (per investor) | $100.00 |
Perks
$1,000 - $2,990 Investment: Priority on Pre-Order List for an N-Gen1 Package and a $100 Package discount (does not include install)
$2,500 - $4,990 Investment: Priority on Pre-Order List for an N-Gen1 Package and a $500 Package Discount (does not include install)
$5,000 - $9,990 Investment: Priority on Pre-Order List for an N-Gen1 Package and a $1,000 Package Discount (does not include install)
$10,000 - $49,990 Investment: Priority on Pre-Order List for an N-Gen1 Package and a $2,500 Package Discount (does not include install)
$50,000+ Investment: Priority on Pre-Order List for N-Gen1 Packages, a $10,000 Discount on 2 N-Gen1 Packages (does not include install), an N-Gen Shop Tour with the Founders (travel and lodging not included), and a signed Lithograph of the N-Gen1 design
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"; Any expense that is for the purposes of inter-company debt or back payments.
ALL UPDATES
04.25.18
Less than 24hours left in our campaign to build the future of home power generation!
Please tell your friends that they have less than 24hours to invest in the future of home power generation!
We are so happy to have so many new investors through Start Engine which has propelled our engineering and business planning forward greatly! Below are some pictures of the first appliances coming together in our shop! In no time at all these will be in peoples' homes providing clean, affordable, and more environmentally friendly power to their families.
Thank you ALL so much for your support through this campaign!!!
02.12.18
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, N-Gen Technologies has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in N-Gen Technologies be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
01.25.18
Amending our Securities Offering
Hello! Recently, a change was made to the N-Gen Technologies offering. Here's an excerpt describing the specifics of that change:
N-Gen Technologies has extended their campaign for 90 days.
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.
01.03.18
Over $100k Invested as we start up 2018!!!
Thanks for ALL your support!!! Every dollar, like, share, and comment helps us to reach our goal of delivering this money-saving appliance to the world!!!
And if you haven't already, PLEASE like us on Facebook https://www.facebook.com/NgenTechnologiesInc/ It will be updated regularly with pictures and video of our progress.
2018 will be EXCITING!!!
12.25.17
Santa's Best Present EVER!!!
Some beautiful 3D Printed Titanium parts for our new Regenerator.
We wish all of our followers and investors a Very Merry Christmas and a Happy New Year! 2018 will be an exciting year for N-Gen so stay tuned for updates in the coming weeks! Thanks for ALL your continued support!!!
11.15.17
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, N-Gen Technologies has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in N-Gen Technologies be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
11.08.17
We NEED Help! Specifically your power usage data :)
If you are a Power Bill Hawk or have the info readily available, PLEASE head to our site www.N-Gen.com and enter your info into our Savings Calculator. Enter an e-mail(or just n@gen.com if you don't want to use yours) and click SEND RESULTS. This will give us a copy of your Power Usage info so we can make sure we are developing the right size first product. Right now the data is skewing towards us needing BIGGER N-Gen1 units but we don't have enough data yet to really say for sure. Your help is GREATLY appreciated! THANKS!!!
11.03.17
Our new shop is looking GREAT! And the new parts are looking EVEN BETTER!
There is still more milling to do on these parts for our Next Gen Prototypes but, after a LOT of design and refine work, the parts are flowing and our new shop is getting ready to start another round of testing and validation!
10.26.17
Amending our Securities Offering
Hello! Recently, a change was made to the N-Gen Technologies offering. Here's an excerpt describing the specifics of that change:
N-Gen Technologies has extended the end date of their offering.
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.
10.25.17
And now we have a website!
And now we have a website! www.N-Gen.com
Head here to see how much YOU could save on your electric bill with our Savings Calculator. It could be more than $28,000 over the N-Gen1's 20yr design life!
JOIN THE DISCUSSION
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HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
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, he/she is limited to investing 10% of the greater of the two amounts.
When will I receive my shares?
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 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.
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 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.
What is the difference between Regulation Crowdfunding and Regulation A+?
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.
