Greetings to Our Followers & Investors on StartEngine!
We hope all of you are staying safe and healthy. Like the rest of the world, 2020 has been quite the year for PopCom. Our team is expanding, we have adjusted to the new world we live in post-pandemic, and we are focused on scaling. Since the pandemic we have made a few key changes in our business model:
- We have moved our manufacturing supply chain from China to the U.S.
- We are re-engineering the PopShop dispensing mechanism to be able to accommodate more products and packaging sizes
- We have added new ‘contactless’ screens to our PopShop that can be used with gloves, pens or a stylus
- We have introduced our new ‘Starter Program’ to give select retailers the opportunity to lease the PopShop in order to get to market faster
These necessary changes caused a delay in our product release however we are excited to be back on track with a December 11 delivery date for our new PopShop. We are focused on making 2021 our best year yet, and we are raising more capital to make that happen.
We have exciting news to share – our Regulation A+ equity crowdfunding campaign is live and we are now accepting investments in PopCom. As you are aware, we have been working to get qualified by the SEC to raise capital via a Regulation A+ offering (what’s that?) for some time now. While waiting for our qualification we open and closed yet another oversubscribed Reg CF campaign in May only 47 days after going live. The process to get qualified was long and the due diligence was extensive (and expensive), however we are excited to now be qualified to raise up to $5 million to scale PopCom.
The minimum amount to invest is $250.25. As always, investment rounds are limited in amount and time so we invite you to take a look at our offering and invest today.
Although the timing is sensitive due to the COVID pandemic, we must continue to look towards the future and deliver our products to the market. While some industries are hurting, we believe that the retail market will continue to move towards self-service and contactless retail. Vending machines and convenience services are becoming more essential, and retailers are looking for more ways to deliver their products direct-to-consumer with less human friction. We are excited about what is to come.
We are raising capital to grow our operations, build our sales team, reach more customers, go into full production of the PopShop, and scale our age-gating and ID-verification product for regulated retail. Your investments will help us reach the next milestones to success.
Our new offering is now live: https://startengine.com/popcom.
Offering Circular: https://bit.ly/3059jVk, Selected Risks: https://bit.ly/2G4awoM - Reg A+ offering available through StartEngine Primary, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.