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Invest in Ryca International, Inc.
A convertible note offers you the right to receive Non-Voting Common Stock in Ryca International, Inc.. The amount of Non-Voting Common Stock you will receive in the future will be determined at the next equity round in which the Company raises at least $1,500,000.00 in a qualified equity financing. The highest conversion price per security is set based on a $8,000,000.00 Valuation Cap or if less, then you will receive a 20.00% discount on the price the new investors are paying. You also receive 5.00% interest per year added to your investment. When the maturity date is reached, if the note has not converted then you are entitled to receive Non-Voting Common Stock equal to your investment and interest back at a price per security determined by dividing the Valuation Cap by the aggregate number of outstanding equity securities of the Company as of immediately prior (on a fully diluted basis).
*Annual Interest Rate subject to adjustment of 10% bonus for StartEngine shareholders. See 10% Bonus below
Investment Incentives* and Perks
$500 | 20% off first purchase of Encompass Toothbrush
$1,000 | Receive two free Encompass Toothbrushes (International investors will be asked to pay for shipping)
$2,500 | Invitation to participate in focus group(s) + all perks from $1,000 level
$5,000 | You will receive quarterly investor update calls + all perks from $2,500 level
$20,000 |Free replacement brush heads for life + lunch with Ryca CEO & Head Engineer + all perks from $5,000 level
$50,000 | Name recognition on packaging (if possible) and website for philanthropic "buy one give one" campaign + factory tour (flight and stay not included) + all perks from $20,000 level
*All perks occur after the offering is completed.
The 10% Bonus for StartEngine Shareholders
Ryca Internationa, Inc. will offer 10% additional bonus interest for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
Eligible StartEngine shareholders will receive a 10% increase in the annual interest rate on Convertible Promissory Notes in this Offering. This means your annual interest rate will be 5.5% instead of 5%.
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 cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Irregular Use of Proceeds
Cancel anytime before 48 hours before a rolling close or the offering end date.
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