Invest in Parknav | StartEngine

CLOSED

US INVESTORS ONLY

Invest in Parknav

Just Drive. Let us find parking for you.

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.

REASONS TO INVEST

ABOUT

HEADQUARTERS

TERMS

Parknav

Overview

PRICE PER SHARE

$5.02

DEADLINE

Nov. 20, 2021 at 7:59 AM UTC

VALUATION

$75.04M

FUNDING GOAL

$9.5K - $4.2M

Breakdown

MIN INVESTMENT

$502

MAX INVESTMENT

$106,996.28

MIN NUMBER OF SHARES OFFERED

1,900

MAX NUMBER OF SHARES OFFERED

836,277

OFFERING TYPE

Equity

SHARES OFFERED

Series Seed Preferred Stock

Maximum Number of Shares Offered subject to adjustment for bonus shares

SEC Recent Filing

Offering Memorandum

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. 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. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.

*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Investment Incentives and Bonuses

Previous Backer Bonus:

For any previous backers or investors in Parknav, when you invest in this live offering you will receive 5% bonus shares.****

Time-Based

Friends & Family: Invest in the first 15 days and receive 29% bonus shares

Super-Early Bird: Invest in the following 15 days and receive 20% bonus shares

Early Bird: Invest in the following 30 days and receive 12% bonus shares

Amount-Based

$1,000+ -- Company-logo hoodie

$2,500+ -- Company-logo hoodie AND 3 months of Parknav service in 1 sqkm**

$6,000+ -- Company-logo hoodie AND 9 months of Parknav service in 1 sqkm

$12,000+ -- Company-logo hoodie AND 12 months of Parknav service in 1 sqkm, and 1% bonus shares

$24,000+ -- Company-logo hoodie AND 24 months of Parknav service in 1 sqkm and 2% bonus shares

$52,000+ -- Company-logo hoodie AND 36 months of Parknav service in 1 sqkm and 3% bonus shares

$104,000+ -- Company-logo hoodie AND 36 months of Parknav service in 4 sqkm and 5% bonus shares

** Parknav Service Description: The investors who receive this perk would in fact receive a voucher for redemption on the Parknav website for the coverage area and service of their choice. For example, if an investor invests $2500, then they shall receive a voucher (electronically) that shall have instructions for redemption on the voucher and a code that is unique to them. With that code, they shall go on the Parknav site to a page where they shall enter the area of their choice (limited to 1sq km based on the $2500 investment example). The delivery of the service shall include a mobile app with a place to insert their unique code (received from the site) and the selected area will be activated in the app for the duration of the perk period (after the perk period, this service shall cost $1/month/user).

***Investment incentives do not stack (with the exception of the Previous Backer Bonus), meaning investors will only receive the incentives associated with the highest tier for which they qualify. For example, if an investor qualifies for both the $104k+ tier and the Early Bird Tier, the investor will receive only the 12% bonus shares associated with the Early Bird tier in lieu of the 5% bonus shares associated with the $104k+ tier.

****The Previous Backer Bonus stacks meaning it can be combined with other investment incentives. For example, if an investor qualifies for the Friends and Family Bonus and the Previous Backer Bonus, they will receive both the 29% bonus shares for the Friends & Family and the 5% bonus shares for the Previous Backer, totalling 34% bonus shares.

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

The company 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 $5.02 / share, you will receive 110 shares of Common Stock, meaning you will own 110 shares for $502. 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 cancelled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

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: Salary payments made to one’s self, a friend or relative. Any expense labeled “Administrative Expenses” not strictly for administrative purposes. Vendor payments. Any expense labeled “Travel and Entertainment”. Inter company debt or back payments.

HOW INVESTING WORKS

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

WHY STARTENGINE?

REWARDS

We want you to succeed and get the most out of your money by offering rewards and memberships!

SECURE

Your info is your info. We take pride in keeping it that way!

DIVERSE INVESTMENTS

Invest in over 200 start-ups and collectibles!

FAQS

More FAQs

US Investors Only

This offering is open only to US investors

What does this badge mean? See here