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GET A PIECE OF PURACLENZ

Welcome to the Future of Clean.

Goodbye, viruses and mold. Hello to the future of clean. Puraclenz cleans indoor air and exposed surfaces in homes and businesses at the source. Our revolutionary, certified ozone-free PCO technology continuously deactivates dangerous pathogens, including mold spores, viruses, bacteria, fungal allergens, and odors. We’re a revenue-generating, air purification manufacturer and marketing company addressing the $11.6 billion interior air purification market.

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.

$135,560.16 Raised

REASONS TO INVEST

Revolutionary, Low Cost, and Patented Products - Our scientifically proven technology automatically destroys dangerous pathogens mid-air and on surfaces at the source

Massive, Flourishing Market - Puraclenz already has thousands of installations in the $11.6 billion air purification market projected to grow at a 10% CAGR

Experienced and Passionate Team - Previously generated millions in revenue and developed over 20 patent-to-market products

Puraclenz Holdings, Inc. is the parent corporation of Puraclenz LLC, which is a wholly-owned subsidiary. Puraclenz LLC is the operating entity that was formed on June 25, 2020. The Company later formed Puraclenz Holdings, Inc. on December 29, 2021. All investors in this Reg CF offering will become shareholders of Puraclenz Holdings, Inc., which will be the sole member of Puraclenz LLC. The funds raised from this Reg CF offering and received by Puraclenz Holdings, Inc. will flow to Puraclenz LLC on an as-needed basis.

OVERVIEW


An air purifier redefining the standard of “clean air”

We’re not just another air purifier. Standard air cleaners only trap pathogens that pass through their filter… But us? We clean indoor air and surfaces at the source – destroying viruses, mold and bacteria - what we believe is the premier practice to clean air in today’s world.



Puraclenz provides continuous cleaning coverage with very low energy consumption and a 99% effective rate in eliminating airborne viruses and bacteria. We go beyond the limitations of current ionic purifiers. Our products generate no fumes or harmful chemicals and are certified ozone-free.

With a Puraclenz device, you’re treated like one of NASA’s esteemed astronauts. We use an evolved form of the same technology (photocatalytic oxidation) used to provide clean air to astronauts on the International Space Station. Our products clean the air you breathe using IP-protected innovations.


The last two years of the ongoing global health crisis have created a new need. People are seeking a cost-effective and automatic solution to destroy pathogens mid-air and on surfaces. 


It’s not enough to wear masks and wipe down surfaces anymore. Consumers need a product that raises the bar in technology, design, and price.



We’re currently selling five P-Series SKUs throughout North America, with distribution expanding to Europe, India, Southeast Asia, and Japan. In 2022, Puraclenz plans to introduce four new C-Series SKUs that combine our patented Next-Gen PCO technology with True HEPA. The result? What we believe is the most complete air purifier in the market. 


Model P1500 shown

the problem


Pathogens are too powerful for conventional air purifiers

We live in a world where pathogens dangerously disrupt every aspect of life. COVID-19 did and (continues to do) more damage than just getting people sick. Businesses closed. Graduations were canceled. Celebrations ruined. In the U.S. alone, there have been over 60 million Covid cases and over 829,000 Covid related deaths.


All types of pathogens, like viruses, bacteria, and mold, can cause major worldwide health issues. They are responsible for serious illnesses and infections, and even allergic reactions. Every year, 2.8 million bacterial infections occur in the U.S., and more than 35,000 people die. Up to 11% of people in the U.S. get the influenza flu annually. Even 93% of chronic sinus infections are attributed to mold. Excessive concentrations of bacteria, viruses, and molds can trigger asthma episodes for 15 million Americans.


 

People spend nearly 90% of their time indoors, and indoor air pollution is a top concern of the EPA. Typical indoor air contains two to five times more pollutants than outdoor air. 


Standard air purifiers clearly aren’t effective enough at destroying these pathogens. HEPA, a standard device, only collects particles that pass through its filter. Then, it uses air changes to clean pathogens in the room. 


These air changes take time. Ten to sixty minutes to be exact. By the time the cleaning is finished, people in the space could have already inhaled the pathogens.


the market


$11.6 billion air purification market with a 10% CAGR


Puraclenz is addressing the fast-growing $11.6 billion air purification market. It’s estimated to accelerate to $22.8 billion over the next six years, with a 10% CAGR. 


Source: Grand View Research


Industry analysts created those market estimates before COVID-19 started. We can only imagine the elevated market potential since the virus took off and developed its growing number of dangerous variants.   


Several companies and technologies compete with us in the Interior Air Quality (IAQ) sector. This sector uses various technologies, including UV light-based systems, hydrogen peroxide, negative ionizers, and more.


Most competitors’ products are considered “passive” devices, which have serious drawbacks:


  • Only treat air that passes through their device

  • Less energy-efficient

  • Regularly require expensive filters changes

  • Do not clean surfaces




There is a large price range for air purification. UV robots can cost $125,000 and small HEPA products cost $99.99. Our tech exceeds both competing capabilities at a price range between $299 and $499.


Our proprietary technology offers a unique market opportunity for powerful, low-cost, and certified safe air. We believe Puraclenz is the lowest cost professional-grade system. 

The company’s patent portfolio protects the advanced PCO design. We have four issued patents and six other pending patents. Plus our mass production process uses trade secrets that allow our purifiers to produce an extraordinarily high density of ions providing an unprecedented competitive advantage in the marketplace.

the solution


Complete air purification through small, inexpensive devices


Puraclenz provides continuous cleaning coverage in large areas with low energy consumption. And it’s easy too. Just plug in the unit, run continuously, and breathe easy knowing any pathogens are being destroyed at the source. 



We believe Puraclenz is the next generation of indoor air purification. Our devices use internal UV light that reflects onto a patented titanium catalyst, generating an extraordinarily high density of positive and negatively charged ions. These ions are the heroes–– they cling to and deactivate the pathogens mid-air and on exposed surfaces.


We now sell three purifier models that clean 750, 1,500, or 3,000 square feet areas. Since Puraclenz generates no fumes or harmful chemicals and is certified ozone-free, it’s safe to use around children and pets. Our lab studies also show, when Puraclenz is used in a room, it overwhelmingly halts the growth of mold. 


Puraclenz develops, manufactures, and markets its proprietary air purification products to businesses and consumers worldwide. In the U.S., we manage all marketing, sales, and customer support activities directly. We currently sell through three distribution channels.


PCO technology has been safely purifying the air and exposed surfaces for over 40 years. We advanced the power and safety of this technology with our patented cell design. Puraclenz’s design generates an extraordinarily high density of pathogen-destroying ions without producing any harmful by-products. Hand-cleaning or HEPA filters don’t cut it. Our design kills the pollutants they miss.




Why invest


Scientifically proven products with over $700,000 revenue and international distribution

Our numbers speak for themselves. Since we launched in May 2021, Puraclenz has already generated over $700,000 in revenue with thousands of installations. Many universities, luxury hotels, schools, fitness centers, grocery stores, and small businesses nationwide are using Puraclenz to clean their air and surfaces.


*Revenue of the company's subsidiary, Puraclenz, LLC.


We currently sell five SKUs through four distribution channels in the U.S., Canada, and Mexico. In the U.S., Puraclenz sells air purification equipment direct to home, business customers from Puraclenz.com, and in bulk through its team of sales reps and network of distributors. We have master distributor agreements for Canada and Mexico. 


Puraclenz has an aggressive five-year growth plan to address this accelerating market. We hope to see annual revenues of $200 million at the end.



In 2022, Puraclenz plans to introduce four more SKUs and expand worldwide distribution to Europe, Japan, India, Southeast Asia, and the Middle East. 


We project that U.S. distribution will also expand in the next two years. In 2022, Puraclenz hopes to expand distribution to online marketplaces like Amazon, Walmart.com, Rakuten, and Houzz. In 2023 and 2024, we aim that our products will be sold in home retail stores, such as Best Buy, Target, Bed Bath Beyond, Home Depot, Lowes, and more.



Global concerns of viral spread are growing. Every business and household needs better air purification. Our devices are scientifically proven to proactively reduce viruses mid-air and on exposed surfaces.  


We believe Puraclenz’s geographic, application, and technology segmentation offers a large growth potential in the air purification market. Our products are backed by a strong and experienced management team and protected by a global patent portfolio. 


This is your chance to participate in a market opportunity with disruptive technology. We’ve created a low-cost product that efficiently addresses what we feel is the biggest global health crisis in over 100 years. It feels good knowing we’re making a difference.


We’re so proud of our success with Puraclenz in just one year. Your investment will push us closer to our ambitious expansion goals in the years to come. Let’s protect people from pathogens and help them breathe easily. Join us!

ABOUT

HEADQUARTERS
P.O. Box 733
Old Greenwich, CT 06870

Goodbye, viruses and mold. Hello to the future of clean. Puraclenz cleans indoor air and exposed surfaces in homes and businesses at the source. Our revolutionary, certified ozone-free PCO technology continuously deactivates dangerous pathogens, including mold spores, viruses, bacteria, fungal allergens, and odors. We’re a revenue-generating, air purification manufacturer and marketing company addressing the $11.6 billion interior air purification market.

TEAM

Chris Dooley
Chris Dooley
CEO, Director & Co-Founder

Chris Dooley leads Puraclenz operations, product development, sales, marketing, finance and manufacturing. He is also a member of the company’s board of directors.

Chris is an accomplished senior executive, entrepreneur, and consultant with more than 25 years of success in SMART consumer product industries. He has held leadership positions with Marvel's toy division, Product Spring, Online Devices and iRobot. Chris led operations, U.S. sales, and marketing for iRobot’s Roomba launch and later established Roomba’s international distribution network in Europe, Canada, Russia, Korea, Japan, and Greater China. Chris is successful serial entrepreneur who has founded 5 startups, invented over 80 consumer products and 15 issued patents.

Chris has a Bachelor of Science in Mechanical Engineering from Villanova University and an MBA from New York University.

Wendell Minnick
Wendell Minnick
Executive Chairman & Co-Founder

Wendell Minnick co-manages company operations and marketing with Chris Dooley. He also has direct responsibility for investor relations and sales. Wendell is also a member of the company's board of directors.

Wendell has an extensive career as a founder, investor, and manager of early-stage companies in the energy/energy tech, materials science/nanotech, software systems, and direct consumer products industries. He has developed and commercialized advanced ceramic and nano-composite material technologies for military and commercial applications, raising more than $500 million in equity investments. His pre-seed investment in UVAIRx, Inc., enabled the advancement of photocatalytic oxidation (PCO) technology and the securing of a U.S. patent.

Wendell received a bachelor’s degree in Business from Principia College and completed MBA studies in International Economics at New York University and the London School of Economics.

Jerrod Keith

Jerrod Keith

Vice President of R&D

Jerrod Keith leads research and efficacy development of all Puraclenz products.

Jerrod spent 10 years as the head of research and development for UVAIRx, Inc., where he was responsible for designing and developing all UVAIRx air purification products. He oversaw UVAIRx products from initial concept design and 3D modeling, to rapid prototyping and patent protection, to design for manufacture and assembly, to product testing. He is the inventor of Puraclenz's reaction core system for the photocatalytic purifiers patent.

Jerrod earned his bachelor’s degree in Environmental Design (Architecture) from the University of Colorado Boulder.

Myorr Janha

Myorr Janha

Consultant - Vice President of Marketing Strategy

Myorr Janha leads Puraclenz's creative and strategic brand development. 

Myorr served as the Chief Marketing Officer of Rush Communications and Simmons Design Group. He was responsible for Global Marketing, Corporate Communications and Business Development initiatives. With over 25 years of marketing experience, Myorr successfully managed a variety of brands spanning diverse sectors in entertainment, lifestyle, and philanthropy including: Def Jam Recordings, Def Comedy Jam, Phat Farm, Rush Philanthropic Arts Foundation, Hip Hop Summit Action Network, Def Jam Interactive, Simmons Lathan Media Group and more. 

Myorr has a Bachelor of Business Management from St. Paul’s College.

Ben Wilkinson

Ben Wilkinson

Consultant - Vice President of Digital Marketing

Ben leads brand management, e-commerce and user acquisition for Puraclenz. 

Ben started his career at top-tier web companies such as eBay and Overstock.com, where he directed user acquisition marketing campaigns. Ben later consulted for companies specializing in media, fintech (financial services) and e-commerce, ranging from pre-series A start-ups to public companies.

Ben graduated from the David Eccles School of Business at the University of Utah with a Bachelor of Finance.

Cynthia Daniels

Cynthia Daniels

Operations Manager

Cynthia Daniels is responsible for planning, organizing, and overseeing the company’s logistics, human capital, e-commerce, and accounting processes.

Cynthia comes to Puraclenz from the commercial real estate sector where she worked in cash management and finance. 

Cynthia received her BA in International Relations and Economics from Goucher College and completed her MA in International Affairs at The University of Chicago.

Richard Mangi MD, MBA

Richard Mangi MD, MBA

Chief Medical Advisor

Richard Mangi is the chief medical advisor for Puraclenz.

Richard's practice expertise includes the treatment of allergies, asthma, sinus disease, muscle and joint problems, complicated infections and travel medicine. For over twenty years Richard was Chief of Allergy, Rheumatology and Infectious Disease at the Hospital of Saint Raphael. He has also maintained a private practice in the greater New Haven area since 1974. He is a retired clinical associate professor of medicine at Yale Medical School.

Richard graduated from Cornell University College of Arts and Science and S.U.N.Y. Downstate Medical Center summa cum laude. His post graduate medical training included internship and residency in internal medicine at Yale-New Haven Hospital, staff associate at the National Institutes of Health, National Cancer Institute, and fellowship at Yale Medical School. He also received an M.B.A. with honors from New York University Stern School of Business.

TERMS

Puraclenz
Overview
PRICE PER SHARE
$8
DEADLINE
Jun 8, 2022
VALUATION
$29.7M
FUNDING GOAL
$10k - $1.07M
Breakdown
MIN INVESTMENT
$248
MAX INVESTMENT
$1,070,000
MIN NUMBER OF SHARES OFFERED
1,250
MAX NUMBER OF SHARES OFFERED
133,750
OFFERING TYPE
Equity
ASSET TYPE
Common Stock
SHARES OFFERED
Class B Non-Voting Common Stock

Maximum Number of Shares Offered subject to adjustment for bonus shares

*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.

Investment Incentives and Bonuses*

Early Bird

Friends and Family: Invest within the first 72 hours and receive 15% bonus shares.

Super Early Bird: Invest within the first week and receive 10% bonus shares.

Early Bird Bonus: Invest within the first 2 weeks and receive 5% bonus shares.

Volume

Invest $500+: Receive 30% off first purchase (up to $150 retail value)

Invest $1,000+: Receive 1 FREE P750 Purifier ($299 retail value)

Invest $5,000+: Receive 5% bonus shares + Receive 2 FREE Purifiers of your choice (up to $999 retail value)

Invest $10,000+: Receive 7% bonus shares + Receive 3 FREE Purifiers of your choice (up to $1,499 retail value)

Invest $25,000+: Receive 10% bonus shares + Receive 4 FREE Purifiers of your choice (up to $1,999 retail value)

Invest $50,000+: Receive 15% bonus shares + Receive 6 FREE Purifiers of your choice (up to $2,999 retail value)

Invest $100,000+: Receive 20% bonus shares + Receive 8 FREE Purifiers of your choice (up to $4,999 retail value)

*All perks occur when offering is complete.

The 10% StartEngine Owners' Bonus

Puraclenz Holdings, Inc. 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 Class B Non-Voting Common Stock at $8.00 / share, you will receive 10 additional shares of Class B Non-Voting Common Stock, meaning you'll own 110 shares for $800. 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 only receive a single bonus, which will be the highest bonus rate they are eligible for.

Insider Investment Notice

Officers, directors, executives, and existing owners with a controlling stake in the company (or their immediate family members) may make investments in this offering. Any such investments will be included in the raised amount reflected on the campaign page.

Irregular Use of Proceeds

Example - 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.

PRESS

Article Image
Associated Press

Tech Startup Puraclenz™ Launches Powerful Next-Gen Air Purifiers Proven To Proactively Destroy Viruses Mid-Air With Patented “Ozone Free” Ionization Technology

Article Image
Treadhunter

The Puraclenz Air Purifier is Effective Against Bacteria

Article Image
Yahoo! Finance

Tech Startup Puraclenz™ Launches Powerful Next-Gen Air Purifiers Proven To Proactively Destroy Viruses Mid-Air With Patented "Ozone Free" Ionization Technology

Article Image
Vogue

Breathe Easy With These Air Purifiers

ALL UPDATES

REWARDS

Multiple investments in an offering cannot be combined to qualify for a larger campaign perk. Get rewarded for investing more into Puraclenz.

JOIN THE DISCUSSION

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PINNED BY STARTUP

DH
Dave Hachey

2 years ago

My company (www.ogenasolutions.com) has been focused in the biosecurity space for over 17 years and is a well respected provider of biosecurity supplies, protocols and training in animal health. Three years ago we found the people at Puraclenz, have invested in them, and have the following thoughts on HEPA: Although HEPA filters are very good they're definitely not as effective as people are led to believe. Most believe that HEPA filters remove 99.97% of bacteria in an entire room, when in fact that rating is only a measurement of what comes out of the clean side of the filter. The reality is that the 99.97% rating is NOT what a HEPA filter will do for all the air in an average room. If the room is specifically designed for the use of HEPA filters, such as a surgical suite in a hospital where everything, the heating/cooling system, the shape of the room, the placement of the equipment, everything, is designed to ensure that ALL of the air in the room goes through the HEPA filter about 12-20 times/hour, THEN you may achieve 99.97% for the entire room. Unfortunately the spaces we live and work in are not designed for HEPA and do not have anywhere near that number of air changes per hour of all the air in a room (average heating/cooling systems provide 1-2 ACH), and depending on the size of the HEPA system you may get up to 6 ACH. According to ASHRAE (https://www.ashrae.org/), the organization that develops the indoor air quality standards used by the EPA, a properly sized HEPA system placed in the average indoor space will only capture about 50% of the 'particulate' matter (not specifically viruses or bacteria) in the room. To me, this is why we need more, why despite all the measures we take diseases still spread. The EPA has labelled PCO as an 'emerging technology' because although it's been known to be very effective at killing viruses, bacteria and mold, the thing that's held it back from widespread use is that PCO devices have generated unsafe levels of ozone and shouldn't be used around people and animals. The Puraclenz invention is that they've found a way to create a system that increases the level of ions in the air without the use or development of ozone (All Puraclenz systems passed the UL2998 certification test for being an ozone free device). To us, this is one of the biggest breakthrough's in air purification technology in decades, and the bonus is that the ions work on surfaces as well.

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MN
Michael Nadler

a year ago

Late question sorry- you market to residential customers through your digital marketing campaign. I can't find you guys on internet unless you specifically type in puraclenz. What specifically is the strategy to market to consumers? Is the digital paid marketing i.e. scrolling on instagram and see an ad because you searched or clicked on something similarly speaking? Which market is the bigger market for you- consumer or businesses? There's competition and am struggling to understand future opportunity and competition if the consumer can't find you online for example.

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MN
Michael Nadler

a year ago

Is your target market consumers or businesses/enterprises? I believe consumers is where your opportunity is primarily? Although I see all the benefits in the product/company and have no hesitations against your pitch or answers to my questions, as an investor I am struggling to make an investment. I am more so contemplating buying one for myself- the p750.

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JB
James Bondulich

a year ago

Hello Chris, a few weeks ago you were good enough to provide an update on revenue through February. Is it now possible to get an update on March, April and when known May. I've invested in Puraclenz because of the quality of its product. However it is the sales that makes the company worth its valuation. If sales continued to be good in March and April, it would help me add to my investment before the offering ends in a few days. Thanks.

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MN
Michael Nadler

a year ago

What's it about the team that you can execute on this and what's special about the patents meaning what do they protect exactly? Are you looking to be acquired in x number of years since I doubt you're looking to ipo?

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MN
Michael Nadler

a year ago

What's your rational for defending a 1.3 mil loss in your latest fiscal year and a 30 mil valuation? Talk to me about the companies growth rates that will hopefully accompany a 30 mil valuation. Lastly, Puraclenz's don't have filters/don't need to be changed, and if so, is this because of the technology within the devices themselves?

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RM
Richard Mangi

a year ago

I've was fortunate to have an opportunity to review Puraclenz scientific data. It's an extremely impressive advance on all the other air filters on the market. Not only am I an investor, but I also recommend Puraclenz to my patients, particularly those with mold contamination in their home. Moreover, I have a unit in my office to help protect my patients, my staff and myself from Covid-19, influenza and common cold viruses. Richard M., M.D.

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CC
Christian Camargo

a year ago

This tech works plain and simple. Me and eight other friends are hooked based on researching the science and testing it out. My trainer uses two to clean his gym. I'm not an experienced investor but Ive not seen anything like this on the market. It's a game changer for small business that can't afford the upgrades to their HVAC. My son gets sick every week in daycare. I'm installing one at his school as we speak. Corona is here to stay so we need state of the art filtration to combat the reality. In my opinion this company needs the push to get over the edge of others who only care about design and marketing.

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KV
Kumar Vadhri

a year ago

The product is very interesting. Can you please mention the current monthly revenues(appx 100k?) and monthly run rate(expenses). How many months of runway would you have?

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MN
Michael Nadler

2 years ago

Interested and curious because air purifiers work. More homes/businesses/etc could really benefit from air purification systems for many reason, but why is puraclenz better? Is the proven effectiveness better with puraclenz versus competitors? i.e. you say 99% over 99% for viruses and bacteria's and 95% for mold. Why is mold 95% efficacy as opposed to 99%? Do air purifiers on the market not treat/protect against pathogens? If they do, then who are your top competitors on the market? If pco technology has been around for many years, how are you doing it better/what's unique about puraclenz? Don't mean to be repetitive, but looking for a comprehensive answer. Thanks.

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RAISED
$135,560.16
INVESTORS
74
MIN INVEST
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VALUATION
$29.7M

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StartEngine Marketplace

The availability of company information does not indicate that the company has endorsed, supports, or otherwise participates with StartEngine.

None of the information displayed on or downloadable from www.startengine.com (the 'Website') represents a recommendation, offer, or solicitation of an offer to buy or sell any security. It also does not constitute an offer to provide investment advice or service. StartEngine does not (1) make any recommendations or otherwise advise on the merits or advisability of a particular investment or transaction, or (2) assist in the determination of fair value of any security or investment, or (3) provide legal, tax, or transactional advisory services.

All investment opportunities are based on indicated interest from sellers and will need to be confirmed.

Investing in private company securities is not suitable for all investors. An investment in private company securities is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities. Each investment also carries its own specific risks, and you should complete your own independent due diligence regarding the investment. This includes obtaining additional information about the company, opinions, financial projections, and legal or other investment advice. Accordingly, investing in private company securities is appropriate only for those investors who can tolerate a high degree of risk and do not require a liquid investment.

StartEngine Marketplace (“SE Marketplace”) is a website operated by StartEngine Primary, LLC (“SE Primary”), a broker-dealer that is registered with the SEC and a member of FINRA and the SIPC. StartEngine Bulletin Board ("SE BB") is a bulletin board platform that advertises interest in shares of private companies that previously executed Reg CF or Reg A offerings. SE BB enables shareholders to communicate interest in potential sales of shares in private companies and investors to discover, review, and potentially invest in private companies. As a bulletin board platform, SE BB provides a venue for investors to access information about private company offerings and connect with potential sellers. SE BB is distinct and separate from StartEngine Secondary (“SE Secondary”), which is an SEC-registered Alternative Trading System (ATS) operated by SE Primary. SE Secondary facilitates the trading of securities by matching orders between buyers and sellers and facilitating executions of trades on the platform. While a security may be displayed on the bulletin board, these securities will be subject to certain restrictions which may prevent the ability to buy and sell these securities in a timely manner, if at all. Even if a security is qualified to be displayed on the bulletin board, there is no guarantee an active trading market for the securities will ever develop, or if developed, be maintained. You should assume that you may not be able to liquidate your investment for some time or be able to pledge these shares as collateral.