CLOSED
Invest in Pashion Footwear
A convertible note offers you the right to receive Preferred Stock in Pashion Footwear. The amount of Preferred Stock you will receive in the future will be determined at the next equity round in which the Company raises at least $1,250,000.00 in a qualified equity financing. The highest conversion price per security is set based on a $20,000,000.00 Valuation Cap or if less, then you will receive a 20.00% discount on the price the new investors are paying. You also receive 1.00% interest per year added to your investment. When the maturity date is reached, if the note has not converted then you are entitled to receive Preferred Stock equal to your investment and interest back at a price per security determined by dividing the Valuation Cap by the aggregate number of outstanding equity securities of the Company as of immediately prior (on a fully diluted basis).
*Annual Interest Rate subject to adjustment of bonuses, including the 10% bonus for OWNer's Bonus eligible investors. See Bonus info below.
Investment Incentives & Bonuses*
Time-Based
Friends and Family Early Birds
Invest in the first 24 hours and receive 10% bonus interest.
Amount-Based
$500+ | Tier 1: Shop with 30% Off
Sitewide One-Time 30% off code.
$1,000+ | Tier 2: Shop with 30% Off Sitewide For a YEAR
30% off every Pashion Purchase in the next 12 months.
$2,500+ | Tier 3: 30% Off Sitewide…FOREVER.
30% off every Pashion Purchase…for life.
$5,000+ | Tier 4: Join the Pashion Design Collective
Tier 3 + Exclusive community. Weigh in on our shoe design process - styles, colors, & materials for future seasons. Members may also be chosen as “fit testers” - receiving exclusive early access to new styles to help us perfect the design.
$10,000+ | Tier 5: Limited Edition Heel Kit
Tiers 3 and 4 + Receive a never-before-seen (& never again made) Luxe Heel Kit - special ordered for backers of this tier.
$25,000+ | Tier 6: Limited Edition Shoe Style
Tier 3 and 4 + Receive a never-before seen (& never again made) Luxe Shoe - special ordered for backers of this tier.
$50,000+ | Tier 7: EXPERIENCE: Be a Heel Kit Designer
Tiers 3 and 4+ 3 sessions with CEO & Design Director to create your own Heel Kit (design, renders, & sample review). *Must use pre-existing mold, but can choose colors, materials, & embellishments* Will receive 3 samples of final design.
$75,000+ | Tier 8: Name a Shoe After You
Tier 3 and 4 + Select a new shoe silhouette from our upcoming 2023 lines to name. **Selected name may not include any profanity or violate any trademarks. Must resemble an actual name or appropriate adjective**
$100,000+ | Tier 9: EXPERIENCE: Design Your Own Shoe
Tier 3 and 4 + 3 design sessions with CEO & Design Director to create your own Shoe (design, renders & sample review). *Must use existing mold. Can choose colors, materials, & embellishments* Will receive 3 samples of your final design.
$250,000+ | Tier 10: EXPERIENCE: Launch Your Own Shoe
Tiers 3 and 4 + 4 design sessions with CEO & Design Director to create a Shoe. *Must use existing mold. Choose color, material, & embellishments* Receive 10 samples of final design, name the design, & it will release on the Pashion site.
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus interest from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
Pashion Footwear Inc. ("Pashion Footwear" or the "Company") will offer 10% additional bonus interest for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
Eligible StartEngine shareholders will receive a 10% increase in the annual interest rate on Convertible Promissory Notes in this Offering. This means your annual interest rate will be 1.1% instead of 1%.
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.
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
Cancel anytime before 48 hours before a rolling close or the offering end date.
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