Convertible Note | Minimum $400 Investment
Note converts when the company raises $7M, including any previously raised convertible notes and debts.
Maturity Date: July 31, 2020
$10M valuation cap
5% yearly interest rate
What is a Convertible Note?
A convertible note offers you the right to receive shares in GeoOrbital. The number of shares you will receive in the future will be determined at the next equity round in which GeoOrbital raises at least $7M in equity financing, including the conversion of the outstanding convertible notes and any issued debt. The highest conversion price per share is set based on a $10M company valuation cap or if less then you will receive a 20% discount on the price the new investors are purchasing. You also receive a 5% interest per year added to your investment. When the maturity date is reached and the note has not converted then you are entitled to receive your investment and interest back from the company.
Perks are available through July 31, 2018. The discount applies to any purchases on geoo.com.
Invest $1,000 and receive $100 in additional notes and a 5% discount on purchases.
Invest $2,500 and receive $250 in additional notes and a 7% discount on purchases.
Invest $5,000 and receive $500 in additional notes and a 10% discount on purchases.
Invest $10,000 and receive $1,250 in additional notes and a 15% discount on purchases.
Invest $50,000 and receive $7,000 in additional notes and a 20% discount on purchases.
Maximum $1,070,000 of convertible promissory notes ($1,070,000)
Minimum $50,000 of convertible promissory notes ($50,000)
|Corporate Address||1 Broadway, 14th Floor. Cambridge, MA 02142|
|Description of Business||The Company was formed to develop and sell an “all-in-one” electric bike wheel that can be attached to almost any bicycle to make it electric. The company also develops alternative electric vehicles based on its proprietary platform.|
|Type of Security Offered||Convertible Promissory Notes|
|Purchase Price of Security Offered||$1|
|Minimum Investment Amount (per investor) ||$400|
Irregular Use of Proceeds
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.
Most recent fiscal year-end:
Prior fiscal year-end:
Cash And Cash Equivalents
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.