StartEngine Crowdfunding, Inc. completed the acquisition of Substantially All of the Assets of the SeedInvest Business from SeedInvest, LLC.
May 04, 2023
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StartEngine Crowdfunding, Inc. (OTCPK:STGC) entered into a definitive agreement to acquire Substantially All of the Assets of the SeedInvest Business from SeedInvest, LLC for $24 million on October 24, 2022. The total consideration for the purchase is 960,000 shares of StartEngine's common stock, which based on StartEngine's current Regulation A offering price of $25 per share would be valued at $24 million. The sellers will retain among other items: their broker-dealer regulatory approvals and licenses; equity interests, convertible notes, SAFEs and all other investment contracts received, and in certain cases to be received, in SeedInvest portfolio companies; and receivables related to current and certain contemplated offerings. The completion of the acquisition of SeedInvest is subject to customary closing conditions and to regulatory approval by FINRA. FINRA approved the transaction. The parties anticipate this sale will close by the end of the first quarter of 2023.
StartEngine Crowdfunding, Inc. (OTCPK:STGC) completed the acquisition of Substantially All of the Assets of the SeedInvest Business from SeedInvest, LLC on May 5, 2023.
StartEngine Crowdfunding Inc. is focused on developing a startup financing model, which helps both accredited and non-accredited investors to invest in private companies on a public platform. The Company operates as a technology platform connecting issuers and investors, as a broker-dealer and as a Regulation Crowdfunding funding portal. Its offerings include Regulation A Offerings, Regulation Crowdfunding Offerings and Rule 506(c) Offerings. Its products and services include StartEngine OWNers Bonus, StartEngine Secure, StartEngine Premium, StartEngine Primary, StartEngine Secondary, StartEngine Assets and StartEngine Private. StartEngine Private provides accredited investors the opportunity to purchase membership interests in funds (SE Funds) which own shares of venture-capital backed, late-stage private companies. StartEngine Secure offers transfer agent services, which include tracking each investorâs account information and the amount of securities purchased and date purchased.
STARTENGINE CROWDFUNDING, INC. 
