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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 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+.

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Invest in Porter Road by Local Eateries, Inc. (2024 Round) | StartEngine

Porter Road by Local Eateries, Inc.

Porter Road is an omnichannel farm-to-fork operation specializing in US pasture-raised, dry-aged beef and forested pork that prioritizes farmers and flavor with a proprietary supply chain. We seek to revolutionize the sourcing, raising, and accessibility of premium, sustainable meat across America.

Delivering Life-Changing Meat

What is Porter Road by Local Eateries, Inc.?: Porter Road is an omnichannel farm-to-fork operation specializing in US pasture-raised, dry-aged beef and forested pork that prioritizes farmers and flavor with a proprietary supply chain. We seek to revolutionize the sourcing, raising, and accessibility of premium, sustainable meat across America.
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.
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 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.

Offering Closed

INVEST IN PORTER ROAD BY LOCAL EATERIES, INC. · FOOD & BEVERAGE

Delivering Life-Changing Meat

Offering Closed

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.

StartEngine

Porter Road by Local Eateries, Inc.

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Porter Road by Local Eateries, Inc.

Delivering Life-Changing Meat

What is Porter Road by Local Eateries, Inc.?: Porter Road is an omnichannel farm-to-fork operation specializing in US pasture-raised, dry-aged beef and forested pork that prioritizes farmers and flavor with a proprietary supply chain. We seek to revolutionize the sourcing, raising, and accessibility of premium, sustainable meat across America.
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.
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 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.

Offering Closed

INVEST IN PORTER ROAD BY LOCAL EATERIES, INC. · FOOD & BEVERAGE

Delivering Life-Changing Meat

Offering Closed

REASONS TO INVEST

ABOUT

HEADQUARTERS

TERMS

Porter Road by Local Eateries, Inc.

Overview

PRICE PER SHARE

$2.50

DEADLINE

May. 1, 2025 at 6:59 AM UTC

VALUATION

$40.32M

FUNDING GOAL

$15K - $1.24M

Breakdown

MIN INVESTMENT

$250

MAX INVESTMENT

$1,235,000

MIN NUMBER OF SHARES OFFERED

6,000

MAX NUMBER OF SHARES OFFERED

494,000

OFFERING TYPE

Equity

SHARES OFFERED

Common Stock

Maximum Number of Shares Offered subject to adjustment for bonus shares

Most Recent Fiscal Year-End

Prior Fiscal Year-End

Total Assets

$2,532,803

$4,024,252

Cash & Cash Equivalents

$1,019,976

$1,227,761

Accounts Receivable

$121,994

$126,829

Short-Term Debt

Long-Term Debt

$11,491,554

$8,086,645

Revenue & Sales

$12,661,938

$14,571,682

Costs of Goods Sold

$11,204,352

$11,328,707

Taxes Paid

Net Income

-$5,181,250

-$2,054,762

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.

Voting Rights of Securities Sold in this Offering

Voting Proxy and Agreement. By investing in this offering. and subscribing to the Subscription and Joinder Agreement. you are agreeing to the terms of the Irrevocable Investor Proxy Voting Agreement attached as Exhibit A to the Subscription and Joinder Agreement (the “Irrevocable Proxy Agreement”), which provides that, with respect to all of the shares of Common Stock issued to the Subscriber in connection with the Subscription Agreement (the "Shares"), the Subscriber will grant to the CEO an irrevocable proxy (the "Irrevocable Proxy") as permitted pursuant to Section 212 of the Delaware General Corporation Law to vote the Shares in any manner that the CEO may determine in its sole and absolute discretion, subject to the requirements set forth in the Company’s bylaws as may be in effect from time to time (the “Bylaws”). Please see the Irrevocable Proxy Agreement for the complete details of the Irrevocable Proxy.

Investment Incentives & Bonuses*

Time-Based Perk

Early Bird: Invest within first 2 weeks

Tier 1- Perk - $250+ | 10% off all orders for 3 months

Tier 2- Perk - $500+ | 10% off all orders for 6 months +30% of First Subscription Box order + Access to Live Webinar

Tier 3- Perk - $1,000+ | 5% bonus shares +15% of all orders for 6 months +First subscription box Free (investor pays any applicable shipping fees) +Live Webinar + Gift (20ct Porter Road Butcher's Original Beef Sticks and Porter Road Stickers)

Tier 4- Perk - $5,000+ | 10% bonus shares +20% off all orders for 6months +First subscription box free (investor pays any applicable shipping fees) + Live Webinar +Gift (20ct Porter Road Butcher's Original Beef Sticks and Porter Road Stickers) +Invite to investor-only virtual video cooking class

Tier 5- Perk - $10,000+ | 15% bonus shares +25% of all orders for 6 months +First 3 subscription boxes free (investor pays any applicable shipping fees) +Live Webinar +Gift (20ct Porter Road Butcher's Original Beef Sticks and Porter Road Stickers)+Investor-only virtual video cooking class +30-min phone call with Chris

Tier 6 - Perk - $20,000+ | 20% bonus shares + 25% off off all orders for 9 months first 3 subscription box free (investor pays any applicable shipping fees) +Live Webinar +Gift (20ct Porter Road Butcher's Original Beef Sticks and Porter Road Stickers) + Investor-only virtual video cooking class + 30-min phone call with Chris

Tier 7 - Perk - $50,000+ | 25% bonus shares + 25% off all orders for 1 year + First 6 subscription boxes free (investor pays any applicable shipping fees) + Live Webinar +Gift (20ct Porter Road Butcher's Original Beef Sticks and Porter Road Stickers) + Investor-only virtual video cooking class + 30-min phone call with Chris +Co-founder dinner in Nashville (investor responsible for travel and lodging) +Live Q+A with Chris (in-person or by phone)

Amount-Based Perks

Tier 1 - Perk - $250+ | 10% off off all orders for 1 month

Tier 2- Perk — 500+ | 10% off off all orders for 3 months

Tier 3 Perk - $1,000+ | 15% off all orders for 6 months + 30% off first subscription box + Live Webinar + Gift (20ct Porter Road Butcher's Original Beef Sticks and Porter Road Stickers)

Tier 4 Perk - $5,000+ | 5% bonus shares + 20% off all orders for 3 months + First subscription box free (investor pays any applicable shipping fees) +Live Webinar +Gift (20ct Porter Road Butcher's Original Beef Sticks and Porter Road Stickers)+ Invite to investor-only virtual video cooking class

Tier 5 Perk - $10,000+ | 10% bonus shares + 20% off all orders for 6 months + First 3subscription boxes free (investor pays any applicable shipping fees) +Live Webinar +Gift (20ct Porter Road Butcher's Original Beef Sticks and Porter Road Stickers) + Investor-only virtual video cooking class + 30-min phone call with Chris

Tier 6 Perk - $20,000+ | 15% bonus shares +20% off all orders for 9 months + First 3 subscription boxes free (investor pays any applicable shipping fees) + Live Webinar + Gift (20ct Porter Road Butcher's Original Beef Sticks and Porter Road Stickers) + Investor-only virtual video cooking class + 30-min phone call with Chris

Tier 7 Perk - $50,000+ | 20% bonus shares + 25% off all orders for 1 year + First 6 subscription boxes free (investor pays any applicable shipping fees) +Live Webinar +20ct Porter Road Butcher's Original Beef Sticks and Porter Road Stickers) + Investor-only virtual video cooking class +30-min phone call with Chris +Co-founder dinner in Nashville (investor responsible for travel and lodging) + Live Q+A with Chris (in-person or by phone)

Loyalty Bonus

As you are a Meat Nerds as of 4/30/2024 + Friends & Family in Porter Road, you are eligible for additional bonus shares + enhanced Perks.

Reservations Perk

As a reservation holder you are elgible for 5% bonus shares.

*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 shares 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.

Crowdfunding investments made through a self-directed IRA cannot receive non-bonus share perks due to tax laws. The Internal Revenue Service (IRS) prohibits self-dealing transactions in which the investor receives an immediate, personal financial gain on investments owned by their retirement account. As a result, an investor must refuse those non-bonus share perks because they would be receiving a benefit from their IRA account.

The 10% Venture Club Bonus

"Porter Road" by Local Eateries, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Venture Club 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 $2.50/ share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $250. 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.

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 Venture Club Bonus, Reservations Bonus, and Loyalty Bonus in addition to the aforementioned bonus.

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. Salary payments made to one’s self, a friend or relative.

HOW INVESTING WORKS

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

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