This round is no longer accepting investments, but hundreds just like it are live now.

Log In


Accelerating sustainable technology through cost-effective recycling

We believe Redivivus is the complete solution to lithium-ion battery recycling. Our proprietary technologies provide full-service logistics, battery passivation and material recovery service for end-of-life lithium-ion batteries. The ultimate success of the Redivivus mission is the safe transportation of battery material and cost-effective recycling that supports long term, multi-planetary life. The team experience spans the entire battery lifecycle from cell & battery design, system architecture and component testing, processing and manufacturing, metallurgy, and supply chain management.

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.

$577,338.86 Raised


Redivivus provides cost-effective, environmentally-friendly, full service lithium-ion battery recycling services with high manufacturing margins

Total global nickel demand for superalloys and stainless steels is approximately 1.617 kilotons at current market price of roughly $32 billion. Redivivus is planning to open two plants, and if and when it does, it expects that its novel, no-burn metal recovery process could potentially supply 0.3% of the total available market in 2026.

Opportunity to invest in the improvement of our planet’s waste stream, as 93% of Americans show a concern for the current state of the environment and climate


A new approach to lithium-ion battery recycling

The Redi-Cycle™ process receives material from Redi-Shred™ and reclaims  each of the elements from the batteries: Copper, Aluminum, Steel, Plastics, Nickel, Cobalt, Lithium, Graphite and other materials. All product streams will find a second life, however the initial targeted final product will be a Nickel/Cobalt metallic ingot, called Redivivus Nickel. Our approach provides a complete solution for battery materials classified as dangerous goods and an immediate, efficient, and safe process to reclaim materials found in existing and upcoming battery waste. 
Our team is well positioned within the industry to solve the lithium-ion battery waste problem with an existing client base in battery design and strategic partners in the alloys industry - meaning we have a close connection with the technology of today to adapt, innovate, and build a brighter future for recycling.


Recycling lithium-ion batteries is difficult and costly

There are two key problems to consider when developing a complete solution to battery recycling. The first is safe and organized battery logistics. This involves the collection, neutralization, shredding, and transportation of batteries that have the potential to catch fire or explode. This is especially important when considering the increasing levels of electric vehicles on the road. We estimate that by 2030, there will be 1.15 million metric tons of electric vehicle batteries in need of recycling in the US. An innovative solution is needed to eliminate the standard industry practice of battery disassembly before recycling to consider human safety and overcome the challenges of training on many variants of battery packs. Our Redi-Shred™ process is set to overcome the challenges of logistics and passivation.

The second problem to consider is material recovery.  There are three main ways currently used in the industry to recycle batteries—pyrometallurgy, hydrometallurgy and direct recycling. Pyrometallurgy is the most common strategy used in commercial efforts. This recycling process produces high purity material at the cost of emissions and is considered the least environmentally friendly. Hydrometallurgy uses an aqueous solution to extract metals that typically requires high chemical, water, and capital demands. Direct recycling involves recovering cathode materials without breaking down the chemical structure, however, this method is typically best used for cell manufacturing fallout due to performance issues of degraded or used cells. Current lithium-ion battery recycling processes require high-temperature melting-and-extraction or single-use processes, generating a significant waste stream. Our novel no-burn, hybrid Redi-Cycle™ process recovers battery materials in a mostly closed-loop process for secondary markets, reducing the reliance on metal mining.


A cheaper, more efficient way to recycle lithium-ion batteries

We’ve curated a complete battery recycling service through the development of a mobile battery shredder and cost-effective recycling process. Redi-Shred™ is our novel solution to the problem of transporting battery materials. Redi-Cycle™ converts battery material shreds at a high purity to secondary materials through a hybrid solution of hydrometallurgical and electrochemical recycling, reducing mining demand and increasing end user savings. The final product is a Nickel and Cobalt metallic alloy, called Redivivus Nickel, that bypasses the challenging and costly process of separating the elements. Redi-Cycle™ is more environmentally friendly and cost-effective when compared to other battery recycling technologies.

Redi-Shred™ has two main sources of revenue: white-glove battery collection and the sale of “inert battery material.” The first is a pick up fee charged to companies and municipalities to collect, disassemble, neutralize, and remove used batteries on-site. Redi-shred™ also generates revenue through the sale of inert battery material. This material can be sold to other battery recyclers or used as Redi-Cycle™ feedstock as Redi-shred™ removes a processing step from the front-end of any direct or hydrometallurgical recycling process.  Additional pre-processing can be investigated to fit into more sensitive, alternative recycling processes. Pricing will include white-glove battery collection, logistics and sale of material.

Revenue for Redi-Cycle™ includes the sale of Redivivus Nickel, a metal ingot of a Cobalt/Nickel alloy sold to superalloy, stainless steel and lightweight steel companies. As cells become more Nickel rich, our company is set to expand its market share in the metals industry. Additional sources of revenue are expected to come from the sale of scrap materials from the process including: Copper, Aluminum, Iron, Manganese, Lithium, and more. We intend to sell our products at commodity prices and bring opportunity for material science and future alloy development through industry partnerships.


Tremendous strides in early days

To say we’ve hit the ground running would be a massive understatement. In the past year alone, we have registered a trademark for Redivivus, filed and received a provisional patent for our Redi-Cycle™ technology, and signed two strategic partnerships to recycle the Lithium-ion batteries for Arcimoto and Power.Global. We have also been fortunate enough to receive many customer inquiries due to our exposure on YouTube and other prominent websites such as Businesswire, Yahoo Finance, and Business Insider.

We are also proud to say that our completed proof of concept demonstrated a 92% minimum recovery rate of Nickel and Cobalt at high purity to create Redivivus Nickel! Additional elements such as Copper, Manganese, Iron and Lithium were recovered at high levels but not yet fully optimized; future development is expected to increase recoveries. The success of this PoC and third party lab validation helps to further strengthen Redivivus’ business and technical advantage to drive new revenue opportunities with metallurgical consumers. Our approach provides a complete solution for battery materials in a variety of conditions and an immediate, efficient, and safe process to reclaim materials found in existing battery chemistries and is adaptable to future battery waste. 


Generating new revenue with old metals 


Unlike many commercial and R&D efforts, Redi-Cycle decouples recovered materials from battery production flow and inserts them as an alloying feedstock into metallurgical operations of the stainless steel and superalloy industries. It is important to note that Nickel and Cobalt are infinitely recyclable and can be placed back into battery production flow as cost-effective technologies develop. We use a hybrid solution of hydrometallurgical and electrochemical battery recycling that's low-cost and better for the planet. In addition to battery recycling, we also provide valuable materials to the metals industry and provide a white-glove battery shredding service.  

Redi-Shred is a mobile truck that helps provide a white-glove service for battery disassembly and transportation logistics. A Redi-Shred vehicle is dispatched to the point of waste generation (the customer or waste collection site), shreds the batteries on-site and safely neutralizes the material prior to transport. There are 3 main steps to Redi-Shred: rendering the batteries inert through freezing, shredding the batteries, and finally neutralizing the solution to ensure the material is no longer corrosive. All battery materials are recovered and have the opportunity for second use. Our initial recovered battery elements (Ni, Co) transform our primary market by creating an opportunity for new generation metals. 

Our flexible technology allows us to employ a one-of-a-kind mobile solution that safely and effectively recovers lithium-ion batteries without using reactant hydrometallurgical techniques. Also, by selling the repurposed Nickel and Cobalt metallic alloys, we are able to generate a large amount of revenue outside of the battery recycling industry. This revenue stream increases our profit margins as we are able to recover and de-couple materials from batteries in any state of health. Equally as important, our recycling processes reduce harmful emissions, thus significantly reducing the overall environmental impact related to battery processing and recycling. 


Help us create a greener future

Now more than ever, people are focusing on the environment. It’s not just a social cause anymore, it’s a lucrative endeavor with potentially massive returns. Our patented technology and continuous research & development gives us an unprecedented level of flexibility and dexterity to solve recycling obstacles. The world will continue to rely on lithium-ion batteries, and as it does, we will be there to recycle and resell materials. Investing in Redivivus is an opportunity to invest in a cleaner, more sustainable future with a team with a proven track-record for solving the industry’s toughest challenges.


2012 North Cascade Avenue
Colorado Springs, CO 80907

We believe Redivivus is the complete solution to lithium-ion battery recycling. Our proprietary technologies provide full-service logistics, battery passivation and material recovery service for end-of-life lithium-ion batteries. The ultimate success of the Redivivus mission is the safe transportation of battery material and cost-effective recycling that supports long term, multi-planetary life. The team experience spans the entire battery lifecycle from cell & battery design, system architecture and component testing, processing and manufacturing, metallurgy, and supply chain management.


Erika Guerrero
Erika Guerrero
Chief Executive Officer

Erika is an influential and dynamic leader with a natural ability to pilot change effectively. She founded the energy storage design and consulting firm, Electric Goddess. Previous experience leading joint venture operations between BorgWarner and Romeo Power, and worked on the Dragon 1 capsule at SpaceX.

Erika's primary occupation is at Electric Goddess. She works 25 hours per week for Redivivus. 

Eric Krepps
Eric Krepps
President & Chief Financial Officer

Executive with over 30 years experience in the automotive, industrial and aerospace supply base. Eric is an executive with deep experience in finance and operations management. Eric has held positions as CFO, COO, and most recently President of Constellium Automotive North America. Past company experience includes Eaton, Faurecia, Raytech, CMW and Constellium. Krepps is a proven executive with bottom line success in both turn-around and growth businesses. He was responsible for the leadership of six Greenfield plant start-ups and growing the automotive division 5X and turning a top quartile profit company. Eric holds is a past Certified Public Accountant and holds an MBA and BSBA degree in business from Bowling Green State University. Eric has held business leadership positions in steadily increasing roles of responsibility including ex-pat assignments in Singapore and Mexico.

Eric Krepps splits his time between Second Act LLC, Vytalization Consulting, Desert Day Dreamer, and Redivivus, working part time for all of them. Most of his time is currently spent on Redivivus (20 hours per week), and he plans to go full-time once they secure adequate funding.

Alex Graf

Alex Graf

Senior Metallurgist

Alex is responsible for global product development of aluminum structures for electric vehicles during his time as Constellium’s Automotive Structures Technical Director for EV Applications. He previously contributed to the metallurgy and material science industry at Ford, Alcan, and Novelis.

Erik Fleming

Erik Fleming

Chief Operations Officer & Treasurer

Erik has over 20 years of experience as a senior leader in global supply chain operations in the lithium ion battery market. He has held Supply Chain leadership roles at SpaceX, Tesla Motors, Romeo Power, and Apple.

Erik's primary occupation is working at ERF Consulting. He works 10 hours per week at Redivivus.

Krystal Guerrero

Krystal Guerrero

VP of Marketing

Krystal is a marketing professional with experience in environmental communications and commercial investments. Previous contributions include graduate research at The University of Washington, The Pacific Science Center, Environment Washington, Faris Lee Investments and SpaceX.

Evan Krepps

Evan Krepps

VP of Engineering

Evan is a professional with experience in the mineral processing and chemical industries as a process engineer separating copper from non-valuable materials.

Luke Workman

Luke Workman

Chief Battery Scientist

Luke is a considerate problem solver with a passion for sustaining life on Earth and racing. He has decades of professional experience in energy storage with a proven track record for efficiency and solving difficult technical problems others shy away from. He previously contributed as a battery specialist at Zero Motorcycles and a critical environment engineer at Microsoft.

JP Sado

JP Sado

Board Member

JP is a member of Redivivus’ Board of Directors, representing external investors. JP has over ten years experience in Business Development and Operations roles at large manufacturing companies, in addition to three years at leading investment banking and private equity institutions.

JP's primary occupation is working at Can Art Aluminum Extrusion. He works 10 hours per week at Redivivus.


Redivivus, Inc.
Jul 9, 2022
$10k - $1.07M
Common Stock
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.

Voting Rights of Securities Sold in this Offering

Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

Investment Incentives and Bonuses*


Friends and Family Early Birds

Invest within the first 7 days and receive an additional 15% bonus shares.

Super Early Bird Bonus

Invest within the next 7 days and receive an additional 10% bonus shares.

Early Bird Bonus

Invest within the next 3 days and receive an additional 5% bonus shares.



Receive 5% bonus shares


Receive 10% bonus shares


Receive 20% bonus shares

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

Redivivus, 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 Common Stock at $.55 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $.55. 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 investor's 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.

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. Any expense labeled “Travel and Entertainment”.


Article Image
Markets Insider

Redivivus® Announces Successful Proof of Concept for Redi-Cycle™, a Novel Lithium-ion Battery Recycling Process with 92% Recovery Rate

Article Image
Business Wire

Arcimoto and Redivivus Launch Battery Recycling Partnership

Article Image

Former SpaceX Engineer Driving New Battery Technology

Article Image
ET Auto

Power Global partners with PositivEnergy, Redivivus for battery management



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



Meghan Harrison

2 months ago

Hello, very exciting seeing the successful growth of Redivivus. Any estimate on when we can expect this company to go public?



Erika Guerrero

5 months ago

Hello Alireza, thank you for your patience. Please be sure to check the email inbox of the address shared with StartEngine. Redivivus shares investor updates directly to our investors email. The Q1 2023 update is scheduled to be shared within the next week.



Alireza Khadem-Ghaeini

5 months ago

We are overdue for an update.



Prince Alexander

a year ago

Hi Everyone at Redivivus, Funding now closed, I’m an investor now. Happy to be. But do we have any updates to us shareholders? Are our shares being accepted? Business updates? I know the website was recently redesigned. Please keep us informed of progress.



joseph Puccio

a year ago

Hey team so I have a few questions about the company before I make the leap to invest in your team. Have you converted any customers? What's the sales infrastructure and pipeline? Where do you find customers? How do you gain market share? How much capital is required before getting profitable? Breakeven size? COGS? Opex? Operational infrastructure needs?




a year ago

Few days to go, and the total amount raised dropped from the mid 500k to the higher 400k. Funny how it seems only a few see an opportunity here. I wish Redivivus, Inc. Team execute on their concept and make other investors wish they didn't cancel their investments or invest in the first place.



Arghya Chatterjee

a year ago

hi team, Wonderful idea,but why your technology is unique and how you are going to face your competitors in this industry. What is your vision for upcoming 5 years and when you will be able to get your company listed in exchanges?



Prince Alexander

a year ago

Hi , Can you answer a few more questions: 1. Can you explain further what is meant by delveop IP on Redi-Cycle? Are there plans for the future to develop Redi-Cycle? Is it dependent on cash received on the Redi-Shred business or is it additional venture capital needed or both? 2. Are the deals signed with businesses such as Arcimoto to be their exclusive recycler still in tact? 3. Just want to confirm, buying shares here includes access to Redi-Cycle and this will not be spun into a separate company.



Brian Hogan

a year ago

Hi, Can you help with a few questions before I reconfirm my investment? 1. Does the offering still include ownership in both Redi-cycle & Redi-shred even though the focus at this time will be on Redi-shred? 2. By its self a stock split has no impact on the value of the company. A split just changes the amount of shares outstanding and their price. Can you help me understand how valuation is changing? Are previous investor’s prior to this round that are currently on the cap table not receiving any additional shares as part of the reverse split? If so the way you have worded the change to the offering is very misleading. In reality you are just revaluing this open round which impacts investors that already committed funds. Can you please clarify? Thanks Brian



Radha Parameshwarappa

a year ago

Hi, I have invested earlier, if I reconfirm now, does it updates my earlier sock price and number of stocks as well? Earlier: 225$ ---> 225/2.25 ---> 100 stock---> with 15% of Early Investor: 115 Stock After reconfirming, will it be 225$ ---> 225/0.55 ---> 409 Stocks---> with 15% of Early Investor: Approximately 470 Stock for me at the end. Thanks, Radha




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



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


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


Invest in over 200 start-ups and collectibles!

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.

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.

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.

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.

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.


Get To Know Us

Our Team



Important Message

Unless indicated otherwise with respect to a particular issuer, all securities-related activity is conducted by regulated affiliates of StartEngine: StartEngine Capital, LLC, a funding portal registered here with the US Securities and Exchange Commission (SEC) and here as a member of the Financial Industry Regulatory Authority (FINRA), or StartEngine Primary, LLC, a broker-dealer registered with the SEC and FINRASIPC . You can review the background of our broker-dealer and our investment professionals on FINRA’s BrokerCheck here. StartEngine Secondary is an alternative trading system regulated by the SEC and operated by StartEngine Primary, LLC, a broker dealer registered with the SEC and FINRA. StartEngine Primary, LLC is a member of SIPC and explanatory brochures are available upon request by contacting SIPC at (202) 371-8300.

Investment opportunities posted and accessible through the site are of three types:

1) Regulation A offerings (JOBS Act Title IV; known as Regulation A+), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Primary, LLC (unless otherwise indicated). 2) Regulation D offerings (Rule 506(c)), which are offered only to accredited investors. These offerings are made through StartEngine Primary, LLC. 3) Regulation Crowdfunding offerings (JOBS Act Title III), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Capital, LLC. Some of these offerings are open to the general public, however there are important differences and risks.

Any securities offered on this website have not been recommended or approved by any federal or state securities commission or regulatory authority. StartEngine and its affiliates do not provide any investment advice or recommendation and do not provide any legal or tax advice with respect to any securities. All securities listed on this site are being offered by, and all information included on this site is the responsibility of, the applicable issuer of such securities. StartEngine does not verify the adequacy, accuracy or completeness of any information. Neither StartEngine nor any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy, or completeness of any information on this site or the use of information on this site. See additional general disclosures here.
By accessing this site and any pages on this site, you agree to be bound by our Terms of use and Privacy Policy, as may be amended from time to time without notice or liability.

Canadian Investors Investment opportunities posted and accessible through the site will not be offered to Canadian resident investors. Potential investors are strongly advised to consult their legal, tax and financial advisors before investing. The securities offered on this site are not offered in jurisdictions where public solicitation for offerings is not permitted; it is solely your responsibility to comply with the laws and regulations of your country of residence.

California Investors Only – Do Not Sell My Personal Information

(800-317-2200). StartEngine does not sell personal information. For all customer inquiries, please write to

StartEngine’s Reg A+ offering is made available through StartEngine Crowdfunding, Inc. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. For more information about this offering, please view StartEngine’s offering circular and risk associated with this offering.

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 (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.