WAFU Inc. has announce that it has closed the first ever
accredited investor equity crowdfunding by a Canadian company in the United
States via CircleUp, a leading U.S. equity crowdfunding platform for accredited
investors to invest in private consumer product companies in the United States.
“With the completion of this ground
breaking U.S. equity crowdfunding round, we have not only been able to raise
some of the capital that we need to continue to expand across Canada and the
United States, but have also been able to attract experienced consumer packaged
goods U.S. angel investors into our shareholder base who, we believe, will be
invaluable in helping us to continue to grow our brand in the United States and
increase the sales of our products in the U.S. through our new U.S. e-commerce site” said
WAFU CEO Gil Michel-Garcia.
WAFU Inc. raised gross proceeds of
approximately $230,000 through the issuance of Series A-2 Preferred Shares
and/or Series A-3 Preferred Shares to a small number of “accredited investors.”
All shares issued under the private placement are subject to a four month hold period from the date of issuance in Canada and are “restricted securities” subject to certain additional transfer restrictions in the United States.
All shares issued under the private placement are subject to a four month hold period from the date of issuance in Canada and are “restricted securities” subject to certain additional transfer restrictions in the United States.
Re-Give
Imagination. Ignited
Global
social action driven personal and
enterprise crowd sourcing, funding and commerce platform
No comments:
Post a Comment