Maximum 26,750* shares of common stock ($107,000)
*Maximum subject to adjustment for bonus shares. See 10% Bonus below
Minimum 2,500 shares of common stock ($10,000)
|Company||StorEn Technologies, Inc.|
|Corporate Address||25 Health Sciences Drive|
Stony Brook, NY 11790
|Description of Business||StorEn Technologies, Inc., a Delaware corporation formed in January 2017, is developing innovative vanadium flow batteries for large-scale energy storage, currently targeting residential, industrial, telecommunications and data center customers.|
|Type of Security Offered||The investment instrument is Common Stock.|
|Purchase Price of Security Offered||$4.00 per Share.|
|Minimum Investment Amount (per investor) ||$400 per investor (100 Shares)|
The 10% Bonus for StartEngine Shareholders (This bonus period is concluded as of 5:00PM PT on January 9, 2018)
StoreEn Technologies, Inc. will offer 10% additional bonus shares for all investments that are committed by StartEngine Crowdfunding Inc. shareholders (with ≥ $1,000 invested in the StartEngine Reg A+ campaign) within 24 hours of this offering going live.
StartEngine shareholders who have invested $1,000+ in the StartEngine Reg A+ campaign will receive a 10% bonus on this offering within a 24-hour window of their campaign launch date. This means you will receive a bonus for any shares you purchase. For example, if you buy 25 shares of Common Stock at $4.00 / share, you will receive 2 Common Stock bonus shares, meaning you'll own 27 shares for $100. 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 for one year from the time StartEngine Crowdfunding Inc. investors receive their countersigned StartEngine Crowdfunding Inc. subscription agreement.
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.