AnJeDa Fitness, Inc. dba From Fat to Finish Line, Class A Common Stock
Summary of Terms of Investment
AnJeDa Fitness, Inc.
1104 S Hayworth Avenue, Los Angeles, CA 90035
The following summary (“Summary”) outlines the terms of a proposed investment in AnJeDa Fitness, Inc., a Delaware Corporation (the “Company”), by certain investors (the “Investors”).
Target Investment: This offering is for up to $1,000,000 in total investment.
Minimum Raise: The minimum total investment for the closing of escrow and the purchase of stock is $50,000. After close of the Minimum Raise, the Company intends to close escrow as funds are raised up the Target Investment amount.
Target Closing Date: The target closing date for this offering is on or before March 24, 2017, unless extended in the Company’s sole discretion.
Investors: Accredited and non-accredited investors who subscribe through StartEngine.com pursuant to a Title III offering.
Instrument: The investment instrument is Class A Common Stock (the “Shares”).
Stock Price: $1 per Share for the first 10 days of the campaign, $1.25 per share afterwards.
Number of Shares: Up to 1,000,000 Shares are being offered as part of this offering (out of a total of 7,500,000 authorized shares of Class A Common Stock).
Capitalization Summary: Immediately preceding this offering, the Company had, on a fully diluted basis, 5,851,000 Class A common stock issued or committed (including unexercised warrants and options representing 352,500 shares) out of a total of 7,500,000 authorized shares.
Minimum Investment: $150 per Investor
Irregular Use of Proceeds
The following irregular use of proceeds depend on the total amount of capital raised. See complete intended use of proceeds table in attached Form C.
Travel and Entertainment
- From $2,100 to $15,000 per annum to reimburse executives for monthly travel to Company headquarters.
- From $0.00 to $34,000 for travel expenses for personnel to travel to and participate in team events in Las Vegas and Dublin, Ireland in calendar year 2017.
Compensation for Officers and Directors
- Compensation paid to officers in the aggregate amount of $12,000 to $150,000 per annum.
The Company will not incur any irregular use of proceeds.
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.