TERM SHEET - Non-Binding
Common Stock – This Term Sheet summarizes the key terms of the Common Stock issuance, see Private Offering Memorandum and Subscription Agreement.
| Use of Proceeds | Proceeds will be used to advance Univenture’s new product introductions, marketing, sales, manufacturing capabilities, and additional investment in Biosortia. |
| Target Raise | Up to $5,000,000 ($200 minimum investment via Crowdfunding) |
| Valuation | Pre-money of US$ 17.2 million with common stock |
| Incentive for Early Participation | There is an incentive for early participation which results in a $15.0 million pre-money on the first US$ 1 million raised. |
| Common Stock | The Cap table consists of only common stock, so this round raise treats all investors equally. |
| How Much can I Invest | Everyone can invest $2,200 and possibly more If either your net worth or income is below $107k, you may invest a maximum of 5% of the greater number. If both your net worth and income are above $107k, you may legally invest a maximum of 10% of the greater number. Accredited Investors will be able to invest as much as they’d like in Reg CF offerings. |
Testing the waters legal disclosure.
We are ‘testing the waters’ to gauge investor interest in an offering under Regulation Crowdfunding. No money or other consideration is being solicited. If sent, it will not be accepted. No offer to buy securities will be accepted. No part of the purchase price will be received until a Form C is filed and only through Crowdfunding platform. Any indication of interest involves no obligation or commitment of any kind.
The material provided herein is for informational purposes only. It does not constitute an offer to sell or a solicitation of an offer to buy any interests in any other securities. Any such offering will be made only in accordance with the terms and conditions set forth in an Offering Memorandum. Prior to investing, investors are strongly urged to review carefully the Offering Memorandum (including the risk factors described therein), the Subscription Agreement Documents, (or SEC required or other filed or available forms) to ask such questions of their legal and tax advisers in order to make an independent determination of the suitability and consequences of an investment
NON-BINDING INTENT TO PARTICIPATE PROVIDES EARLY NOTIFICATION
The indication of interest in this funding round allows early notification of both the ‘testing the waters’ sign-up and the early notification of the open round on Crowdfunding. The advantage is the higher probability of participation in the ‘early participation’ which is issued at a lower premoney. No obligation to participate even if you want early notification.