Invest in Sweater | StartEngine

CLOSED

Invest in Sweater

Unlocking $13 Trillion of Private Market Funds For All

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.

REASONS TO INVEST

ABOUT

HEADQUARTERS

TERMS

Sweater

Overview

PRICE PER SHARE

$35.50

DEADLINE

Nov. 5, 2024 at 7:59 AM UTC

VALUATION

$48.49M

FUNDING GOAL

$15K - $1.09M

Breakdown

MIN INVESTMENT

$177.50

MAX INVESTMENT

$1,086,761.50

MIN NUMBER OF SHARES OFFERED

422 MAX NUMBER OF SHARES OFFERED

30,613

OFFERING TYPE

Equity

SHARES OFFERED

Series Seed II Preferred

Maximum Number of Shares Offered subject to adjustment for bonus shares

Most Recent Fiscal Year-End

Prior Fiscal Year-End

Total Assets

$4,119,272

$7,793,923

Cash & Cash Equivalents

$701,556

$4,665,860

Accounts Receivable

$2,524,230

$1,857,771

Short-Term Debt

$559,110

$722,567

Long-Term Debt

$183,799

$550,193

Revenue & Sales

$308,098

Costs of Goods Sold

Taxes Paid

Net Income

-$5,607,945

-$6,643,111

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.

Investment Incentives and Bonuses*

Reservation Bonus Shares | 3% Bonus Shares

Reservation Holders in Sweater Inc. are eligible for additional 3% bonus shares.

Combo/Avid Investor Perk

Early Bird

Invest within the first week and receive 2% bonus shares.

Amount-Based Investment Incentives

Tier 1

Invest $500+ and receive a t-shirt.

Tier 2

Invest $1,000+ and receive a Miir Water Bottle + Sweater Store $30 / Free Shipping (that will get you a cap or a beanie).

Tier 3

Invest $2,500+ and receive a Miir Water Bottle + Sweater Store $55 / Free Shipping (that will get you long sleeve tee, short sleeve tee or beanie) + 1% bonus shares.

Tier 4

Invest $5,000+ and receive a Miir Water Bottle + Sweater Store $100 (you can get anything with that) + 3% bonus shares.

Tier 5

Invest $10,000+ and receive a Miir Water Bottle + Sweater Store $100 (you can get anything with that) + 5% bonus shares.

Tier 6

Invest $25,000+ and receive a Miir Water Bottle + Sweater Store $100 (you can get anything with that) + 13% bonus shares + 30 min call with CEO.

Tier 7

Invest $50,000+ and receive a Miir Water Bottle + Sweater Store $100 (you can get anything with that) + 25% bonus shares + 30 min call with CEO.

*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.

*Call with CEO subject to Sweater Inc.'s schedule and availability. Prior confirmation from Sweater Inc. required.

The 10% StartEngine Venture Club Bonus

Sweater Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Venture Club.

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 Series Seed II Preferred Stock at $35.50 / share, you will receive 110 shares of Series Seed II Preferred Stock, meaning you'll own 110 shares for $3,550. 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 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, and the Reservation Bonus in addition to the aforementioned bonus.

HOW INVESTING WORKS

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

WHY STARTENGINE?

REWARDS

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

SECURE

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