*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
No Voting Rights of Securities Sold in this Offering
Non-Voting Common Stock. Each Subscriber will be issued Non-Voting Common Stock of the Company. Except as otherwise required by law, holders of shares of Non-Voting Common Stock shall have no right to consent to or vote on any matter presented to the stockholders of the Company for their action or consideration (and shall not be included in determining the number of shares voting or entitled to vote on a given matter).
Investment Incentives and Bonuses*
Time-Based
Friends and Family Early Birds
Invest within the first 72 hours and receive 35% bonus shares.
Super Early Bird Bonus
Invest within the first week and receive 25% bonus shares.
Early Bird Bonus
Invest within the first month and receive 15% bonus shares.
Amount-Based
Tier 1 | $500 +
Invest $500+ and receive 1% bonus shares + first 5 meals free. ($75 value)
Tier 2 | $1,000+
Invest $1000+ and receive 2% bonus shares + first 10 meals free ($150 value)
Tier 3 | $2,500
Invest $2,500+ and receive 3% bonus shares + first 25 meals free ($275 value)
Tier 4 | $5,000
Invest $5,000+ and receive 4% bonus shares + first 50 meals free ($750 value) + personal call from CEO + $2500 off the first unit if the investor decides to become an operator.
Tier 5 | $10,000+
Invest $10,000+ and receive 5% bonus shares + first 100 meals free ($1500 value), personal video conference call from CEO + $7500 off the first unit if the investor decides to become an operator.
Tier 6 | $20,000+
Invest $20,000+ and receive 7% bonus shares + first 200 meals free ($3000 value) + personal video call with CEO.
*All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
Bancroft Automated Restaurant Systems, 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 Non-Voting Common Stock at $2.06 / share, you will receive 110 shares of Non-Voting Common Stock, meaning you'll own 110 shares for $206. 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.
