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Invest in The Canvas Global
A convertible note offers you the right to receive Common Stock in The Canvas Global. The amount of Common Stock you will receive in the future will be determined at the next equity round in which the Company raises at least $1,000,000.00 in a qualified equity financing. The highest conversion price per security is set based on a $20,000,000.00 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 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).
Voting Proxy Upon Conversion
If the convertible promissory notes offered in this offering convert into Common Stock, investors will grant a voting proxy to the company’s CEO. This means the CEO will retain the right to vote the shares issued through this offering on the investor’s behalf.*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus discounts from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed. The free subscription months begin after the close of the offering and must be used consecutively.
Crowdfunding investments made through a self-directed IRA cannot receive perks due to tax laws. The Internal Revenue Service (IRS) prohibits self-dealing transactions in which the investor receives an immediate, personal financial gain on investments owned by their retirement account. As a result, an investor must refuse those perks because they would be receiving a benefit from their IRA account.
*Bonus discount subject to adjustment of bonus discounts for StartEngine noteholders. See discount bonus below.
Investment Incentives and Bonuses*
Time-Based Perks
Early Bird 1: Invest $1,000+ within the first 2 weeks and receive a 2% addition to the base discount rate
Early Bird 2: Invest $5,000+ within the first 2 weeks and receive a 4% addition to the base discount rate
Early Bird 3: Invest $10,000+ within the first 2 weeks and receive a 6% addition to the base discount rate
Early Bird 4: Invest $20,000+ within the first 2 weeks and receive a 8% addition to the base discount rate
Early Bird 5: Invest $50,000+ within the first 2 weeks and receive a 10% addition to the base discount rate
Flash Perk 1: Invest $5,000+ between Day 35 - 40 and receive 3% addition to the base discount rate
Flash Perk 2: Invest $5,000+ between Day 60 - 65 and receive 3% addition to the base discount rate
Amount-Based Perks
Tier 1: Invest $1,000+ and receive a 1% addition to the base discount rate
Tier 2: Invest $5,000+ and receive a 3% addition to the base discount rate
Tier 3: Invest $10,000+ and receive a 5% addition to the base discount rate
Tier 4: Invest $20,000+ and receive a 7% addition to the base discount rate
Tier 5: Invest $50,000+ and receive a 9% addition to the base discount rate
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
Crowdfunding investments made through a self-directed IRA cannot receive non-bonus share perks due to tax laws. The Internal Revenue Service (IRS) prohibits self-dealing transactions in which the investor receives an immediate, personal financial gain on investments owned by their retirement account. As a result, an investor must refuse those non-bonus share perks because they would be receiving a benefit from their IRA account.
The 10% StartEngine Venture Club Bonus
The Canvas Global, Inc. will offer a 10% additional discount bonus for all investments that are committed by investors who are eligible for the StartEngine Crowdfunding Inc. Venture Club bonus.
Eligible StartEngine noteholders will receive a 10% bonus discount on the note in this Offering. For example, this would mean your discount percentage would be 30% instead of 20%.
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 canceled or fail.
Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and the elapsed time of the offering (if any). Eligible investors will also receive the Venture Club Bonus in addition to the aforementioned bonus.
Irregular Use of Proceeds
Cancel anytime before 48 hours before a rolling close or the offering end date.
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