xCraft Enterprises, Inc. offering is now closed and is no longer accepting investments.
INVEST IN XCRAFT ENTERPRISES, INC. TODAY!
America's Drone Company
$2,255,106.37 Raised
REASONS TO INVEST
Approved by all 5 celebrity Shark Tank investors with a deal worth $1.5 million!
xCraft has been featured in multiple major press outlets including VentureBeat, Inc.com, Fortune, Business Insider, MarketWatch, USA Magazine, Fast Company and TechCrunch.
The global urban air mobility market is projected to reach USD $86.83 Billion by 2035 (Source).
Offering Circular | Selected Risks Related to this Offering | SEC EDGAR Page | Signed to Trade
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* While the company has signed a quotation agreement to trade the securities offered on StartEngine Secondary’s new alternative trading system (the “ATS”), a company which intends to be quoted on the marketplace will be subject to certain requirements which the company may or may not be able to satisfy in a timely manner. Even if a company is qualified to quote its securities on the market, 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.
OUR VISION FOR THE FUTURE
Flying Cars
Urban Air Mobility (AKA “flying cars”) is an exciting space that people have dreamed about for decades. It was part of our founder’s original vision to see xCraft’s technology used to help move people and things efficiently and autonomously through the vast open airspace.
Image is a rendering of the type of UAM Vehicle we intend to build
xCraft has developed the flying car concepts through vehicle and logistical system design. These concepts have been discussed with our IP attorneys and patent applications have been initiated although not yet submitted.
Overview
America’s Drone Company
xCraft develops technology that powers the future of autonomous flight. With a launch on ABC’s Shark Tank, xCraft has become “America’s Drone Company” creating an arsenal of innovative, patented drone systems that have forever changed the UAV landscape. Now we’re launching our products into a marketplace full of demand for the solutions we’ve crafted.
The Problem
The drone market lacks innovation and improvement
Drones expand our horizons as a human race, enabling us to quickly deliver life-saving medications, more efficiently search for lost persons, safely spot wildfires, and even communicate in areas without cellular reception. But, prior to xCraft, there was a gap in the market for well-built drones that can fly extremely fast and far, while communicating with their counterparts
The SOlution
Faster, more efficient drones built with uniquely patented technology
At xCraft, we have developed patented technologies to take the drone industry to new heights, improving safety, health and quality of life for people all over the world. xCraft’s unique drones are made with patented technologies designed to outperform each and every one of our competitors. These technologies, among others still in development, will be used in the Urban Air Mobility (UAM) market.
The Market
A fast growing multi-million dollar market
The global urban air mobility market is projected to reach USD $86.83 Billion by 2035 (Source), while the commercial drone market size is projected to reach USD $35.4 Billion Million by 2026 (Source). Meanwhile, the military drone market is expected to reach USD $21.76 Billion by 2026 (Source).
Our Traction
A Shark Tank favorite with major media accolades
xCraft appeared on Shark Tank and was immediately approved and backed by all five celebrity investors. Following our debut on the show, we were featured in multiple major press outlets including VentureBeat, Inc.com, Fortune, Business Insider, MarketWatch, USA Magazine, Fast Company and TechCrunch.
During our last two Reg CF campaigns, we raised over $2.1M and we now have more than 3,500 existing shareholders. Recently, we developed a USA-Built multirotor with a 2Kg payload for DoD and tactical operations and delivered drones to the US Air Force Academy for UAS training. We also added an aviation pioneer and founder of Scaled Composites, Burt Rutan, to our board.
What we do
Technology built to solve the world’s toughest challenges
At xCraft, we partner with companies in defense, energy, security, public safety, and other industries to develop tailored applications that solve real world problems.
One of our recently developed products, Panadrone, is a fully autonomous tethered “drone-in-a-box” that can fly up to 400 feet and remain airborne for 24+ hours. This system, which features an aerial camera and pop-up mesh network for communication, will be used by one of our customers to go into disaster areas and survey for survivors and extent of damage.
The vision
Leading the industry, one life-changing innovation after another
At xCraft, we are on a mission to develop powerful flying robots that change the world. Our vision is to better the planet and bring value to people’s lives by cultivating love, personal fulfillment, and innovation. We take pride in being leaders in American technological innovation, as we strive to surpass our customers’ expectations, while delivering undeniable value. At xCraft, we expect excellence, measure by results, and value character as a core trait in each of our team members.
Our Leadership
Passion combined with inspiration and a drive to succeed
A passion for flight and innovation has always driven our Co-Founder and CEO, JD Claridge. From an early age, he was building homemade hang gliders from bed sheets and scrap tubing. In 2005, he constructed a fully functional fixed-wing drone out of hobby parts and used it for filming real estate in his town. Something that was very novel for that time. That passion is what drove him to build xCraft into what it is today, a company that develops powerful flying robots that change the world.
Why Invest
Join the ranks of Shark Tank investors, as we take xCraft to the next level!
xCraft has proven its staying power, after nearly 7 years of disrupting the drone industry. Our innovative, patented drone technology is outperforming our competitors and solving some of the world’s biggest challenges.
As “America’s Drone Company”, we see it as our mission to bring better, more efficient, life-saving solutions to the drone industry. We raised over $2.1M during our last two Reg CF campaigns, which enabled us to develop three new game-changing drone systems. Our company’s investors include over 3,500 shareholders. We hope you’ll join us, too, as we move into our next phase of innovation and continue to bring life-changing technology to the market.
AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. IT DOES NOT MEAN THAT THE SEC HAS APPROVED, PASSED UPON THE MERITS OR PASSED UPON THE ACCURACY OR COMPLETENESS OF THE INFORMATION IN THE OFFERING STATEMENT.
THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT CAN BE FOUND HERE.
THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
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ABOUT
HEADQUARTERS
418 E Lakeside Ave Suite 08
Coeur d'Alene, ID 83814
WEBSITE
View Site
Coined “America's Drone Company”, xCraft designs and manufactures customized, unmanned aerial systems for enterprise and military markets.
TEAM
JD Claridge
Co-Founder, CEO
Charles Manning
Co-Founder
Burt Rutan
Advisor
Ben Toews
Director
Mark Collins
Advisor
Tim Treto
Advisor
TERMS
xCraft Enterprises, Inc.
Overview
PRICE PER SHARE
$7.82
DEADLINE
Dec 29, 2021
VALUATION
$34.96M
AMOUNT RAISED
$2,255,106.37
Breakdown
MIN INVESTMENT
$351.90
MAX INVESTMENT
$4,999,989.45
MIN NUMBER OF SHARES OFFERED
1,277
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Class B Common Stock
MAX NUMBER OF SHARES OFFERED
639,384
Maximum Number of Shares Offered subject to adjustment for bonus shares
Company | : | xCraft Enterprises, Inc. |
Corporate Address | : | 418 E Lakeside Ave Suite 08, Coeur d'Alene, ID 83814 |
Offering Minimum | : | $9,993.96 |
Offering Maximum | : | $4,999,989.45 |
Minimum Investment Amount(per investor) | : | $494.67 |
Terms
Offering Type | : | Equity |
Security Name | : | Class B Common Stock |
Minimum Number of Shares Offered | : | 1,278 |
Maximum Number of Shares Offered | : | 639,385 |
Price per Share | : | $7.82 |
Pre-Money Valuation | : | $34,960,005.98 |
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives and Bonuses**
Previous Investor Perks:
For any previous backers or investors in xCraft, when you invest in this live offering you will receive an additional 5% bonus shares.
Time-Based:
Friends and Family: First 7 days:
Receive 15% bonus shares
Super Early Bird: Next 7 days:
Receive 10% bonus shares
Early Bird: Next 3 days:
Receive 5% bonus shares
Amount-Based:
$1,000+
Lifetime VIP discount of 10% on all purchases through xCraft*
$5,000+
· Lifetime VIP discount of 10% on all purchases through xCraft*
· 5% Bonus Class B Shares
· 20% discount on Maverick Drone**
$10,000+
· Lifetime VIP discount of 10% on all purchases through xCraft*
· 10% Bonus Class B Shares
· 50% discount on Maverick Drone**
$25,000+
· Lifetime VIP discount of 10% on all purchases through xCraft*
· 15% Bonus Class B Shares
· 70% discount on Maverick Drone**
· Private zoom call with our chief executive officer and one or more of our high profile supporters
* Products may not be purchased for resale.
** All perks occur when the offering is complete. Drones are expected to be shipped within 8 weeks following the close of the campaign on StartEngine.
The 10% StartEngine Owners' Bonus
xCraft Enterprises, 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 $9.60 / share, you will receive 110 shares of Class B Non-Voting Common Stock, meaning you'll own 110 shares for $960. 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
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.
ALL UPDATES
05.27.22
Calling All Outstanding Investors!!
Hello Investors,
We know that some of our investors have not yet been able to complete their required items with StartEngine in order to finalize their investment in xCraft. If this is you, we have great news! You can still close on your investment to take advantage of the reduced share price of $7.82 compared to our current share price of $9.60.
Since StartEngine has already collected funds from you, all you have to do is either verify your information on your investment application or submit your suitability questionnaire. StartEngine has previously reached out with the information required but if for some reason you didn't receive it, please shoot us a note via the contact page on our website.
We look forward to officially having you onboard America's Drone Company!
-Team xCraft
01.12.22
What a Ride!!
We are so thankful to our new xCraft shareholders and friends for a very successful raise! You did your part. Because of you, we were able to reach over $2.5 Million in investments!! We even soared past our stretch goal for this campaign!
There are so many good things to come. We can't wait to share what's in store with our new investors. Stay tuned!
This Reg A+ offering is made available through StartEngine Primary, LLC Member FINRA/SIPC. 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 xCraft’s offering circular as well as the risks and the supplement associated with this offering. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
12.29.21
The Final Hour is Now Upon Us!
The time has come, our equity crowdfunding campaign closes in 1 Hour!!
Join 5,000+ total investors to own your piece of America's Drone Company! Blast off with us!!
This Reg A+ offering is made available through StartEngine Primary, LLC Member FINRA/SIPC. 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 xCraft’s offering circular as well as the risks and the supplement associated with this offering. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
12.29.21
Only Two Hours Left!!
The window is closing! Only 2 hours left on the clock to invest in xCraft!
Join 5,000+ total investors to own your piece of America's Drone Company! Invest Now!
This Reg A+ offering is made available through StartEngine Primary, LLC Member FINRA/SIPC. 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 xCraft’s offering circular as well as the risks and the supplement associated with this offering. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
12.29.21
Just 3 Hours Remaining!
Only 3 more hours to secure your piece of America's Drone Company!
Join 5,000+ total investors to own your piece of America's Drone Company! Invest Now!
This Reg A+ offering is made available through StartEngine Primary, LLC Member FINRA/SIPC. 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 xCraft’s offering circular as well as the risks and the supplement associated with this offering. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
12.29.21
Tick Tock, Just 4 Hours Left on the Clock!
Only 4 more hours left to invest in America's Drone Company!
Join 5,000+ total investors to own your piece of America's Drone Company! Invest Now!
This Reg A+ offering is made available through StartEngine Primary, LLC Member FINRA/SIPC. 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 xCraft’s offering circular as well as the risks and the supplement associated with this offering. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
12.29.21
Tick, Tick, Tick, ... Only 5 Hours Remaining!!
The clock is ticking! Only 5 more hours until the close of our Equity Crowdfunding Campaign!
Join 5,000+ total investors to own your piece of America's Drone Company! Invest Now!
This Reg A+ offering is made available through StartEngine Primary, LLC Member FINRA/SIPC. 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 xCraft’s offering circular as well as the risks and the supplement associated with this offering. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
12.28.21
You Shattered Expectations!!
Wow! You guys are amazing! xCraft set a stretch goal of $2.35 Million and in just a few hours, we've blown that out of the water! What an incredible investor community we have. Thank you so much!
Since you all have done so well at exceeding expectations, we're going to raise the bar with a new stretch goal: $2.5 Million!!!
We know this is a huge number but with your help, we also know it's possible. It would allow xCraft to break even more barriers in autonomous aircraft technology that can change the world!
We need all hands on deck! Grab your friends, your family, and maybe even a friendly stranger and tell them about the xCraft opportunity. This is a wonderful chance to be a part of something great but it ends at 11:59 PM PST tonight. Together, we can make it happen!!
This Reg A+ offering is made available through StartEngine Primary, LLC Member FINRA/SIPC. 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 xCraft’s offering circular as well as the risks and the supplement associated with this offering. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
12.28.21
$2.35 Million Stretch Goal!
Wow! We've seen a huge increase in investments in the last few hours! A big thank you to all for making that happen!
As our campaign draws to a close, we're asking all current investors to increase their holdings and new investors to join in to meet our stretch goal of $2.35 Million!!
There's only a few hours left but we know we can do it! This is already xCraft's most successful campaign ever. Now let's make it one for the record books. Invest today!
This Reg A+ offering is made available through StartEngine Primary, LLC Member FINRA/SIPC. 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 xCraft’s offering circular as well as the risks and the supplement associated with this offering. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
12.28.21
Calling all Investors! Time is Limited, Let's Get to $2.3M!!
We are so very grateful for the overwhelming support we've received from all of our investors, from the veterans who've been with us from the start to those of you who only joined today! America's Drone Company so appreciates each and everyone of you!
Together we've accomplished so many incredible things this year, especially in the 4th quarter. As a reminder, here's a glimpse at our successes:
- Successful Delivery of two Matrix Mappers.
- Launch of our new Nano One micro tactical drone.
- Bringing in our newest distributor, Connectronics.
- Delivery of a new PANADRONE 2.0 Autonomous Tethered Drone to a customer in Texas.
- 436% revenue growth over Q4 2020.
As our Campaign comes to a close, we'd like to encourage anyone still on fence to take the leap with us! To all who are already invested, please consider increasing your holdings! Help us to reach $2.3M and end with a bang! Thanks again!!
This Reg A+ offering is made available through StartEngine Primary, LLC Member FINRA/SIPC. 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 xCraft’s offering circular as well as the risks and the supplement associated with this offering. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
REWARDS
$1,000
Lifetime VIP Discount
Lifetime VIP discount of 10% on all purchases through the xcraft.io website.*
$5,000
VIP + 5% Bonus Shares
Lifetime VIP discount of 10% on all purchases through the xcraft.io website.* ·5% Bonus Class B Shares. ·Maverick Drone.**
$10,000
Custom Drone + 10% Bonus Shares
·Lifetime VIP discount of 10% on all purchases through the xcraft.io website.* ·10% Bonus Class B Shares. ·Custom-designed Maverick Drone.**
$25,000
Executive VIP + 15% Bonus Shares
Lifetime VIP discount of 10% on all purchases through the xcraft.io website.* ·15% Bonus Class B Shares. ·Custom-designed Maverick Drone.** ·Private zoom call with our chief executive officer and one or more of our high profile supporters.
JOIN THE DISCUSSION
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HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
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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.
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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.
